WaveTrack International

Elliott Wave Financial Price Forecasting

Alcoa

by m.tamosauskas| September 27, 2013 | No Comments

25_130927_Alcoa

We’d have announced our new bonus programme for the EW-Compass report. At the end of each month, an additional Elliott Wave chart will be added to the report selected from our institutional EW-Forecast database. This may highlight a current theme or chosen to corroborate the prevailing trend of any stock index, equity, bond, currency or commodity, but its primary essence will be to illustrate the pattern’s adherence to the application of fib-price-ratios. These are integral in the attempt to count Elliott Waves correctly, in an objective way and without random subjectivity that is the result of human pre-conception.

From the beginning of October, U.S. companies will report their 3rd quarter results as the earnings season kicks in! Alcoa Inc. traditionally starts the roll-call and so we’ve decided to add this equity to begin the bonus programme in order to get an impression of its trend and to see if it has any relationship to the underlying market.

We hope you enjoy this new bonus chart – please don’t forget to send us your comments as we continue to explore the inherent geometric ratio and proportion qualities contained within the Elliott Wave Principle!

(Become an EW-Compass report subscriber to see full analysis for this equity)

Category: Alcoa

Trading below the ‘Big Day’

by m.tamosauskas| September 25, 2013 | No Comments

INDU

S&P 500 and Dow are back below the price levels traded just before the FED announcement of prolonging the bond buying programme. S&P 500 has hitted a perfect target that day (measured by a fib. 61.8% correlation ratio between waves 1-3 and 5), momentum as shown on daily Dow chart is waning and is close to trigger a SELL signal. Moreover, bearish counts for many global stock indeces (FTSE, Nikkei, Nifty 50, Emerging markets and so on) were not invalidated by that spike up and the upcomming downside characteristics will determine the wave pattern develpment.

Category: Dow Jones 30, S&P 500

Big Day!

by m.tamosauskas| September 18, 2013 | No Comments

05_nsdqComp130918

A big day is expected to be today with a FED minutes to be released just a few hours away…What can we expect in a U.S. stock market? Can it spike up or will it immediatly will roll down? Based on our primary Nasdaq Composite Elliott Wave count markets are poised to a sharp decline. We will know more by the end of the day.

Category: Nasdaq Composite

VIX

by m.tamosauskas| September 13, 2013 | No Comments

VIX0913

The Elliott Wave count on many stock indices are advocating for a reversal sooner rather than later. Vix is supporting this idea – its very close to alower BB line that usually limits the upside potential for strocks.

Category: S&P 500, VIX

Nasdaq – 100

by m.tamosauskas| September 11, 2013 | No Comments

05_nsdq100_130911

Whilst some stock indices are clearly advancing in a corrective sequences, Nasdaq 100 is just about to finish its advance that began from the Aug ’11 low of 2034.92. Primary wave 1 that dates back to that low unfolded into a five wave expanding-impulse pattern, subdividing into intermediate degree, (1)-(2)-(3)-(4)-(5). Wave (5) from the June ’12 low of 2443.92 constitutes the most important measure to gauge the overall situation of global stock indices in general. This is because this upswing has taken the shape of an ending-contracting diagonal sequence that implies a sustained counter-trend decline in the subsequent weeks. This diagonal is corroborated by the fact of almost perfect three wave subdivisions (as is required for an ending type) and fib-price-ratio measurements.

Category: Nasdaq 100

S&P 500 is struggling to rebound…

by m.tamosauskas| August 30, 2013 | No Comments

02_sp130830a

…but should do it as a minor wave b. The very short-term counter-trend rally from 1627.47 is likely to extend towards the ‘4th wave preceding’ area of 1669.51+/- prior to a resumption of the larger downswing in progress from the 1709.67 high. Next subsequent interim targets project to 1581.14 – ultimate objectives to be approached during the next several weeks remain towards 1524.64-20.33. The revision level remains at 1709.67.

Category: S&P 500

VIX generates a short-term BUY S&P 500 signal

by m.tamosauskas| August 29, 2013 | No Comments

VIX

VIX index has traded back inside Bollinger Bands – statistically such an event generates a short-term buy S&P 500 index signal. Futures market held overnight lows, so a rebound wouldn’t be a surprise from the current price level.

Category: S&P 500

DAX hasnt completed its upswing

by m.tamosauskas| August 23, 2013 | No Comments

07_Dax130823

I think this chart summarizes the current stock market condition – U.S. markets have started their counter-trend rebound whilst European markets haven’t finished their five wave sequences. The Dax quickly recovered from last week’s low and is now on its way to ultimate upside objectives at 8645.55 to finalise a five wave expanding-impulse sequence from the June ’12 low of 5914.43. Hopefully, U.S. during that time will be able to complete wave ‘B’ or ‘X’.

Category: Dax 30

Some serious drop overnight (India)

by m.tamosauskas| August 21, 2013 | 4 Comments

11_CNX Nifty 50_130821

Back from holidays 🙂 As I can see, weak markets started to roll over. Hope all of you stayed safe, but don’t fall asleep – a buying opportunities are clearing up. India is showing extreme weakness. A dramatic sell-off during the last days has brought India’s Nifty already into min. original downside targets at 5282.30. Normally, a reversal signature would now be expected to initiate upside acceleration in the months ahead. However, the substructure of the downswing from this year’s high of 6229.45 so far is incomplete. Moreover, the correlation with most other U.S., European and Asian indices suggests a sustained devaluation lies ahead. All combined, the probability clearly favours a continuation lower. The cut-off point to differentiate between the scenario depicted in the former issues and the one proposed in this chart is 5191.90 – acceleration below there would validate a much larger downswing to 4531.15+/- in the months ahead. This implies a modification of the entire pattern from the Nov.’10 high of 6335.90.

Category: India-CNX Nifty 50

S&P 500 medium-term analysis (Annual Holiday)

by m.tamosauskas| August 2, 2013 | No Comments

01_sp130802

Here we go – I am leaving the office for the next two weeks for my annual holidays. It could be that I will miss a lot of action on the market, because it seems that topping process in most of the stock indices is approaching completion. Would like to leave with a bigger picture on S&P 500. There wont be any updates for the next two weeks but I want to remind that EW-Compass team will be working and publishing reports as usual, twice a week. Good luck!

Category: S&P 500
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About WTI

WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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