Weekly Market Update:

Global equity markets saw a solid run of risk-on trading this week. In the US, newly-installed Fed Chair Janet Yellen said all the right things in her first public report to Congress, pledging continuity with the policies pursued by Ben Bernenke. House Speaker Boehner surprised markets and his own party by proposing and then forcing…

NEW~INDICES – NASDAQ Futures drop as predicted after 5-waves up

NASDAQ Futures prices drop sharply Tuesday 10/08/2013 : Last Price: 3,150.75  : When we look at today’s NASDAQ chart on market close, we can see a sell off. As we mentioned Friday (see below), this is exactly the type of price action we were looking to see. It was possible to count 5-waves up to the…

NEW~The Elliott Wave Report ~ Our Weekly forecasts in 7 different futures markets

We’ll look for the best looking charts in Currencies, Energies, Grains, Indices, Metals, Softs and Hot Stocks Friday 10/4/13 :Let’s take a look at some of the charts on our radar, starting with Currencies: US Dollar Futures close the week lower The downside remained favored into this week again. At Weekly chart level while 84 holds,…

ENERGIES – Crude Oil Futures remain above 100.80 support for higher prices

Crude Oil Futures prices still may rally in a 5th wave Wednesday 10/02/2013 : Last Price: 104.10 : Crude Oil prices rallied today and support listed at 100.80, the previous triangle low, has remained intact. As it holds, we can count the decline from the 112 top area as a correction, implying a final new high…

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