A VIX Fortune Teller?

Fortune-telling is the practice of predicting information about a person's life. Could it also be applied to your trading account? 

The date was November 8, 2012 when I spotted a potential mirror pattern in the VIX. I've been monitoring it ever since and thought that it might be appropriate to update the chart. If you missed the original commentary, read it here at: http://bit.ly/S0ausx

Fast forward, volatility remains low. However should the March low of 11.05 prevail in what appears to be a mirror image of the previous saucer (rounding bottom) pattern ... volatility should pick up. The question to ponder is whether the tea leaves forecast a low in 2015 for the broader market or is this pattern a fraud.

I guess we'll have some time on our hands before we make that distinction!


Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

EURO STOXX 50 Index: A Layman's Study of Bailouts and QE

Sometimes we need few words to describe something. As in this case, the chart identifies that the EU may need to re-think their strategy.

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

ES Daily and 4 Hr Chart

Earlier today I tweeted two key levels of support that I am watching... 1537.25 and 1533.25. On the 4 hr chart,  notice the support level created by the .618 extension lies just below the level where the market found support during Monday's sell-off. Just below that, the .618 retracement has been tested and provided support ( 2 ellipse indicating tests ).

At the daily chart level, 1533.25 lies 2 points below the .618 retracement. From a technical perspective, if a significant breach occurs (on a closing basis), that break would create a lower low and IMO needs to be respected. In addition, the break of the Trendline and the subsequent pullback that tested the underside (now resistance)  bodes well for the bearish case. 

Before attempting to publish a preferred wave count, it's important to note that I'm not trying to call a top here. I believe the current bull cycle is over extended through the FED's policy. Therefore, so long as extraordinary monetary policy prevails and absent any clear signal of a trend reversal I will not be arrogant and attempt to call a top. As many others have found out .... doing so have been futile, time and time again! 

However, I am personally very focused on identifying any key reversal patterns that develop. When the evidence is overwhelming that the advance from 2009 had ended, which also includes a clear five wave impulsive decline, only then will I label the final subdivisions. 

Until then, let's continue to put the pieces together... one wave at a time. 

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

Can DOW Recover?

At quarterly chart level price has tested the underside of the previous return trendline that was formed by the 1937 and 1966 peaks.  With 4 tests, the trendline is considered significant and now acts as resistance to further price advances. Unfortunately it's difficult to use the trendline as a short entry mechanism due to the fact that it continues to rise with each passing quarter. Hence, one needs to wait for confirmation that a change in trend has taken place.

Dropping down to the monthly chart level, my preferred wave interpretation is an expanding triangle. Two upside fib extensions are based off the 12/1974 low, the w.b crest and to the 2/2000 peak... projected off w.c. The nearest price objective at this juncture is 14892.11, a stones throw from the recent peak. 

While there is no guarantee that price will reach upside objectives, the take away is that the advance off the 2009 lows is maturing. Each advance exposes a long position to a higher probability of a significant decline. Just as metal investors were complacent, full of greed and lacking of discipline, so to will the crowd be in equities. 

I'm currently focusing on identifying possible reversal patterns that will identify a major top in this market. There are many signs of technical weakness. You'll find them if you do you homework. 

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

Euro Update

Here's a partial wave count for the Euro focusing on the most recent price action that is suggestive of an ending diagonal (3.3.3.3.3) pattern. If this interpretation is correct, the minimal elliott target would be the beginning of the pattern 1.2975. Furthermore; the time to reach the objective should take roughly 1/3 to 1/2 the time that it took to build. 

Note: As a educational exercise, one would look at other cross pairings to see if they confirm  Euro weakness. If so, this would bolster confidence in this view.

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

======================================================================

Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

ES: Intraday Update

Interesting development is underway. From the low, bulls are trying to reverse NFP selling. Should bulls be so inclined, the counter-attack (pullback) could reach the lower boundary line, where the Bears may reassert at levels that previously supported the market. 

Let's see what develops. 

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

======================================================================

Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

Update and Yen

I wanted to take a moment to update everyone on a few things.

First, many of my readers may have taken notice that I have been absent on Twitter and limiting the number of my blog posts. Prior to this absence, I made a video regarding 2013 forecasts that was intended to highlight a few of my 2012 winners and losers and to suggest possible BIG MOVES that my work identified for 2013. These themes are playing out. Dispersed within the blog are several other posts regarding Gold, Crude Oil and Copper which were made in late 2012, early 2013.  Combined, these posts serve as my current personal opinion based upon my knowledge of applying technical analysis and more specifically elliott wave to charts.

So Where Have I Been?

My goal for 2013 is to expand my educational services; offer my readers a more comprehensive service and to bring back my newsletter. This cannot be accomplished with the existing blog. I'm happy to announce that I've been working diligently on a website to better serve you. Currently, the site is approximately 60%-70% complete and I am hopeful to have a beta test out for everyone by the end of the Q2 or early Q3.

I promise to keep everyone updated as the launch nears and although to a lesser extend, I'll try to make some blog posts here and there.


That said, I wanted to update everyone on the Yen.

First, the recent three swings in the Yen are suspect. Here's why. The recovery that began on 3/12/13 pushed RSI beyond the high established on 2/25/13 but price was unable to respond. That's a corrective signature which was later confirmed by the decline that followed. However, one could also say that the recent low in Yen, had a swing failure in RSI which doesn't confirm the latest price move to new lows. We also have wave overlap making the highlighted move in blue to date only three waves. The landscape isn't clear.

At the weekly chart level, here is a count I am working. How the current position at the daily chart level materializes may change my preferred interpretation. Therefore, this position must be monitored closely because a bear trap may be setting up.

Given all the BOJ news flow regarding QE, everyone expects that YEN will continue it's sell-off. That may be true in the larger context but price action at the daily chart level might surprise those not paying attention.

The critical levels I'm watching that will provide further insight to the YEN's position are 1.0293 and 1.0789.

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

======================================================================

Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

ES: At the Bell Update

Just a quick update as to why 1488-89 level is significant.

• It marks a w.c=w.a move from 1530 top at 1489.50 however, IMO the count (not shown appears incomplete suggesting more downside risk.
• It is in agreement with 1488 fib
• It was also a previous extension from 1340.25 to 1466 measure from 1382.25 ( often fibs are revisited)

A significant break of this level either in the ON session or early tomorrow would possibly open the door to lower price discovery. There are a few single support nodes at 1473.50 and 1478 but the real test if market participants are so include is at previous structural support (horizontal cyan line) and the 1.618 extension show at 1467.75.

Let's see what develops.

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

======================================================================

Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

Chart of Day: Caterpillar - A unconfirmed Dark Cloud Cover

At the weekly chart level, Caterpillar, ticker symbol... CAT,  may be forming a bearish 2-bar pattern such as Dark Cloud Cover or  a  Bearish Engulfing Pattern. 

As of today, the pattern is unconfirmed but so long as price closed within the bottom half of the previous weekly bar, or engulfs the entire bar.... either pattern will be confirmed.

Yet, there is more information to be gained from this chart. While the elliott wave count has been removed for illustration purposes, notice that the pattern has developed at resistance.

Let's first see if the pattern confirms!

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

======================================================================

Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

Chart of Day : Copper - $JJC

Triangle Breakout or Failure?

I've been tracking this ETF of Copper, ticker symbol JJC for quite some time. My anticipation of a w.B circle triangle formation and subsequent breakout is long overdue. 

While a breakout may have occurred on less than impressive volume, price is either retesting the upper boundary or the pattern is going to fail.  A failure would make sense here as breakouts nearer the apex of the triangle are typically weaker than one that breaks out at the 1/2 way point on heavy volume. 

Should price test and hold support at the upper boundary, the current price action from w.(E) low looks to be in threes or an ending diagonal. 

Turning your attention to Copper futures, we see that the proposed pattern and breakout  is yet to occur leading me to suggest that both the ETF and futures have more back and filling to do before a true breakout event occurs. 

At this juncture, breaks below 340.3 (Copper futures) and  43.17 (ETF) respectively would negate the triangle interpretations. 

Let's see what unfolds. 

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

Keep It Simple : DJIA

Yesterday I posted this chart on Twitter and asked what do you see? I received several interpretations from readers which were correct but responses didn't touch upon the real takeaway that I had in mind. Quite possibly, additional interpretations were made by many others.

The purpose of this post, as a follow up, is to highlight some of the conclusions that can be made without an elliott wave overlay to evaluate a market.

1. The trend up
2. Price remains bound within a large channel

The initial trendline drawn from the 2009 low extending to the first intermediate trough (July 2010) had a slope of ascent that was unsustainable and resolved in August 2011 with a break of the trendline. This lead to the second intermediate correction. The second intermediate trough forced an analyst to redraw the initial trendlines (now blue lower and parallel upper return line). 

From August 2011 low, price rallied higher but has failed to:

• retest the underside of the initial trendline and 
• reach the upper boundary of the return line

That is your first significant sign that the trend is slowing!

This progression of slowing momentum is illustrated with each set of channel lines. Notice that in each advance, price failed to reach the upper return lines confirming a deceleration of trend. 

Note: You may also confirm this by using your favorite momentum indicator. 

At yesterday's close, price is testing the upper return line of the last drawn channel. This is a resistance zone and the test thereof may bring in responsive selling. We'll see. 

CONCLUSIONS

My point is, the chart shows traders and investors that the advance that began in 2009 is maturing and will continue in the direction of the prevailing trend until evidence manifests which prove otherwise. It doesn't matter what the elliott wave count is or what degree of trend.

While I assume most are still looking for entry into this market, given the mutual fund inflows. However, prudent investors might review their existing positions and contemplate the use if trailing stops, taking some profit and above all looking for reversal patterns!

I hope you found this helpful and as always....

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

======================================================================

Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

10 Year US Bond

Interesting levels that I'm watching in what appears to be a corrective price structure.

Best of Trading 

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

======================================================================

Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

Coffee: Nearing a Bottom?

Best of Trading

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ElliottwaveLive is not an investment advisory service or broker dealer. None of its contributors are registered investment advisors, licensed stock brokers or CTA's. The author may hold short term and long term positions in the futures, stocks and ETF's discussed herein. The author may also trade around those positions which may be in direct conflict with your positions. Complete trade disclosures of the contributor’s holdings are posted at www.elliottwavelive.blogspot.com. See Trader Disclosure. 

Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

======================================================================

Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article. 

2013 Market Forecast

First, let's review some of the calls I made during 2012.... then look at some of my 2013 market forecasts that tell us in advance when to expect significant moves in a stock index or commodity.


http://youtu.be/1lXEA6vfcVU

Enjoy

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Trade at your own risk. The blog site, Newsletter and all other information, material and content accessible from this Site (collectively, the "Content")  provided herein provides the context for market analysis with respect to a market's, a security or a commodity's general position utilizing the Elliott Wave Principle. The Content contained herein are the opinion and general comments of the author and is based upon information that Mr. Sinibaldi considers reliable but neither ElliottWaveLive nor he warrants it's completeness or accuracy and it should not be relied upon as such. Mr. Sinibaldi or ElliottWaveLive (collectively, referred to as “EWL”) are not under any obligation to update or correct any content provided on this website. Any statements and or opinions are subject to change without notice. The content and comments contained herein neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. 

A more and comprehensive Risk Disclaimer and Disclosure Statements is available within the left margin of this blogsite.   

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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article.