by Ramki | Mar 21, 2022 | US Stocks outlook
I hope you took profits on Citi above $14.50, locking in a 25% gain. I suspect that the current decline will be the final push, the catharsis! (Here is your chance to click on this word and check its meaning!). Unlike the previous trade, we should aim to hold the...
by Ramki | Mar 21, 2022 | Euro
As kids, we have heard fables of how our poor young hero saw a gleaming diamond on his way to the school and that made him rich. Sometimes, the markets are like that. They offer us real gems for the picking, and all we need to do is to be alert. Take, for example, the...
by Ramki | Mar 21, 2022 | S&P500
On 1st April, when the S&P500 index was at 797, I suggested that we will get a move to just short of 850 but that will be about where the rally will fail. After reaching 845 on 2nd April, the market has been gently easing lower. The analysis done on 1st April...
by Ramki | Mar 21, 2022 | S&P500
If my analysis of S&P500 (and Nasdaq) suggest that we will get a 5th wave move down, then how can I recommend buying Citi from $11.54? This is a valid question, and any good analyst should have thought that through. What I did, instead, was to look at the index...
by Ramki | Mar 21, 2022 | S&P500
We got the break in the index as anticipated, and the recovery looks good too. Be alert for a failure inside the wedge so you can join in soon after. Here is your chart. S&P500 Elliott Wave update Related S&P500 links: Was that the stock market bottom? SNP500...
