Why Oil Prices Fell

Why Oil Prices Fell — Stockpiles or Price Pattern? You be the judge… Let’s cut right to the chart below. The shaded triangle highlights the dramatic price action in crude oil prices on August 15, when crude plummeted 3% to its lowest level in over nine weeks. Now, according to the mainstream experts, the number… Read more Why Oil Prices Fell

Is There a Tech Bubble?

Silicon valley was not hit as hard during the financial crisis and the tech stocks have done well since. Nasdaq has reached all time high exceeding 2000 bubble levels, retreated a bit. Could we argue we are not at bubble levels yet? Was it business as usual for Facebook to pay 19 billion dollars for… Read more Is There a Tech Bubble?

Bear Markets Move Fast!

With today’s market action, I don’t have a lot of time, and I’m sure you don’t either, but I want to drop a quick note before things get too crazy this week. Here’s the deal: This morning, the Dow crashed 1,000 at the open and has since rebounded. China declined 8.5%. Europe and the S&P… Read more Bear Markets Move Fast!

Stocks Slide Globally

Is this the start of a global financial crash? “When the alarm goes off and the dreamers awake, it will be pandemonium in the stock market.” — Bob Prechter, from the just-released Elliott Wave Theorist. You would agree that markets around the world have served investors a lot of surprises lately: Crude oil just fell… Read more Stocks Slide Globally

Oil Trend Change?

There is one solution to staying ahead of oil’s trend changes — Elliott wave analysis! You know the expression “God works in mysterious ways”? Well, according to an August 6 CNBC article, the price action of one financial market — i.e., crude oil — has out-mystified even God himself. Or, rather, the well-heeled star of… Read more Oil Trend Change?