Charting Stocks

The Dow Jones retreated from key Fibonacci level of .618 (61.8% of the previous move) in April after the probable completion of wave 5 (Elliot Wave count).
Normally, bullish trends are characterized by 5 waves, while corrective trends are characterized by 3. Considering the market completed an upward 5 wave pattern, rather than 3, suggests that [...]

Seasonably speaking, December is one of the best months to own stocks. For the past 20 or so years the average monthly return in the month of December has exceeded 3%. Considering how quick and intense this collapse has been, one must anticipate a counter-trend upward correction. Bear markets are notorious for these but you [...]