Is Colgate Palmolive ready to jump?

You might be wondering if Colgate Palmolive is preparing for a strong move higher. The weekly charts show that the stock has reached its Elliot Wave targets (a 3-wave correction that also complies with some Fibonacci projections). The daily charts show higher bottoms,...

Should we sell short JPM?

David has added JPM to his short watch list, and has asked what I thought. On 18 Nov, this stock had closed at $32.14. On 21 Nov, it posted a low of 19.69, a loss of nearly 39% in 3 sessions! And just four days later, it has traded at 31.93, a gain of 62%. Wow! After...

Qua Vadis QQQQ?

The QQQQ has rallied nicely from the lows. However, as discussed in my previous technical analysis of qqqq, (Has QQQQ posted a major bottom?) we would like to see a move to 30.46 before we can be comfortable about calling a bottom. We are very close to its first...

Has QQQQ posted a major bottom?

You must be wondering whether the QQQQ has posted a major bottom at $25.05. This post will help you make that decision. Users of Elliot wave principle are presented with some of their greatest difficulties when trying to determine whether a major trend has ended. We...

Yet another look at Citi

With the stock tantalizingly below $9, many people have expressed an interest to see if there is any change in the outlook. So here is a fresh chart which suggests that perhaps we might find some support around $7.20. An ideal way to trade this will be to wait for a...