The “champagne cork” rally could be over for Tesla stocks (TSLA)… Since its incredible rally from April, Tesla had risen by 390% to its peak in September of this year. But could the bubble be about to burst on TSLA? It all depends whether we can break some key price…
As we mentioned last week, a temporary “bounce” or correction on the gold sell-off was expected. So far gold has managed to retrace 50% of the decline from the 9th April highs. Gold faces further resistance at 1500 (which is both a round number and the 61.8% fibonacci level). I…
You will notice from the above chart that Gold completed a 5 wave trend – a down trend which started on 8th November and completed on December 29th. For traders who are not familiar with Elliott Waves, this phenomenon is explained briefly by the fact that when markets trend, they…
On Monday I posted on my facebook page that if the S&Ps (ES) closed below 1200 we were going to see much further downward movement on the stock markets. The ES closed almost 10 points below the 1200 level on Monday, and since then the markets have slided much lower…
Friday’s breakout of the consolidation on the S&P 500 (futures) may have delighted the “bulls” in this market. However, even with the unconvincing volume behind this move (see chart 1), I remain sceptical.