The S&P 500 Index registered a high on 25.7.2018 at 2848.03. This high was reached with an extremely high Call / Put Ratio. This means, investor optimism has again reached a high from which a medium-term correction could start.Read More
TWITTER sold off on Friday as the company missed the mark on monthly active users. It followed Netflix and Facebook in their way down. At least "the miss of the mark" was the fundamental reason which were used to explainRead More
Following the selloff in NETFLIX it is FACEBOOK next. Today in Europe, it gapped down and lost almost 20%. The rise from March at 150.36 to yesterday's high at 217 ended a completeRead More
RIETER, the Swiss producer of textile machinery and automobile components, based in Winterthur, has lost 44% of its value from the peak on 11.1.2018 at 258.80 to the low on 23.7.2018 at 144.60.Read More
Yesterday, I thought that Netflix would hold the supports at 393/390 or at least the support at 375. But, it broke both supports just to extend and complete a text-book Elliott Wave FLAT correction.
Wave C was 1.618 times the length of
Netflix is forming a Triangle. The present decline from 420 has spanned quite exactly 61.80% of the decline from 21.6.2018 at 424 to 26.6.2018 at 378.
A break of 393/390 is likely to lead to
The Swiss pharma stocks have manafed to hold above their long-term support levels.
novartis entered a recovery rally in late June at support around 72.
The question is if the present rally is the resumption of the long-term uptrend or just a minor rebound.
The long-term uptrend in Emmi does not seem to be over yet. With the latest breakout above 750 also the long-term momentum indicator turned up again inRead More
In April Lindt & Sprüngli broke out from the correction which it entered in December 2015. This means the stock broke out following a 2-year long correction. The stock has consolidated around the breakout level at 6300 and this week isRead More
The S&P 500 spot Index will signal a major downtrend if the support at 2685 is broken. Also, a break of 2650/2630 will stress theRead More
The DAX has been forming a Head & Shoulder since early this year.
The Fibonacci correlation indicates that a break of 12,000 will activate
On 17th May 2018 I recommended purchase of Mikron Group when the stock traded around SFR. 8.55. The recommendation was based mainly on the observation thatRead More
TESLA has been trading above the long-term support at 250 since early April.
The fact that the price highs in April and May 2018 were registered above the lows of November 2017 and February 2018 is important.
Over the past few days I have taken some time to clear my old documents and my old photos. And I found my first stock purchase statement.
It was in 1979 when I worked at Credit Suisse Zurich-Werdmühleplatz in
With the Ratings downgrade by Standard & Poors DEUTSCHE BANK sold off to the long-term support cluster between 9.50 and 8.30. A break of this range would signalRead More