Toyota Motors (NYSE:TM) has been on the hot seat recently. Toyota
issued a massive recall due to an accelerator problem. This recall has
affected millions of vehicles and the owners of theses vehicles.
Politicians and federal investigators have made statements about the
recall from Toyota as the company is in the news every single day.



On January 15th, 2010 the stock made a new high for the year at nearly
92.00 a share. Since that time the stock has declined to 71.00 on
February 4th,… Continue

Welcome to benefit from building a simple average S&P-500 forecast (up, down, or sideways) for the next week. If you use more than one method, approach, or tool for prediction, it could be reasonable to give a vote for each one. "Sideways" is defined as a change within 1%.

The rally from the March 2009 lows was one of the largest rallies we have ever witnessed in stock market history. While the ninth year of a decade is usually a bullish trading year there a very few people who expected an advance over fifty percent off the lows. Many traders and investors including myself would have expected at least one 10 percent correction during that rally; as we all know that did happen. The closest that we did come to a ten percent correction in the major indexes was in Jun… Continue

DAX has painted almost the same as FTSE100. The expected correcting bounce resumed. According to Fibonacci ratio and Gann's angles the (2) wave could top around Monday-8th. Jan.nearly to 61.8% Fibonacci.
http://oneelliottwavetrader.blogspot.com/

The tape looks almost the same from Friday's close price. Fifth 5 wave seems expanded. There is one more alt. scenario, where the selling pressure might extend that fifth 5 wave, breaking more important support level 5 096, but I think the skinny dipping will be delayed few days(week). Fifths sometimes expand around support/resistance levels , where the battle among bulls & bears is stronger.
See you around the end of wave (2) or (B).
If you want to see the charts, please visit my blog:… Continue

The key to the market going up is simply a weaker dollar. Friday, the dollar, PowerShares DB US Dollar Index Bullish (NYSE:UUP) slammed into the 200 moving average resistance point. This clearly showed a turning point near term on the dollar to the downside. Monday the markets rallied as the dollar pulled back off the 200ma. Today again the dollar is falling and sure enough, the markets are moving higher.

Commodity stocks have been the big catalyst to this market surge. Stocks like Freeport-McM… Continue

The markets are moving higher with the DOW up just under 100 points today. This move is on the back of some harsh selling the last two weeks after worries over the global recovery surfaced on the back of China tightening its lending policy. In addition, strong comments from President Obama as he knocked banks and discussed halting their ability to take high risk investments. Earnings for the most part have not impressed either creating a triple threat type event in the markets.

The catalyst to… Continue

What a week.

I'm fairly certain we have started a minor wave 3 down. I'm relying mostly on channel work.

Here's a chart - looks like most everyone is confused at this point.... EWI, Tony Caldaro, Kenny.... Just pointing out my interpretation.

… Continue

Welcome to benefit from building a simple average S&P-500 forecast (up, down, or sideways) for the next week. If you use more than one method, approach, or tool for prediction, it could be reasonable to give a vote for each one. "Sideways" is defined as a change within 1%.

The markets have been all over the place today, from a gap and go to the upside, a sharp rollover and then a nice bounce to the markets which have now dropped, hovering at the minor support at the lows of the day. With this retest comes the solid chance that the markets will move down to the double bottom from yesterday at $108.00. This is a major support level and should be eyed as a bounce play intra day. Keep a close eye on the markets here as a master level may get tested once again.… Continue