MIDD : Expect Pull Back Before Rally Resumes

by elliottwave-forecast.com | April 25, 2022 1:52 pm
The Middleby Corporation (MIDD) designs, manufactures, markets, distributes & services a range of food services, food processing & residential kitchen equipment in the US, Canada, Asia, Europe, Middle East & Latin America. It is based in Elgin,...

Junior Gold Miners (GDXJ) Correction In Progress

by elliottwave-forecast.com | April 25, 2022 1:44 pm
In our last update on GDXJ from November 2021, we mentioned that the ETF has already started the next leg higher. From the January 28 low of $36.55 to April 18 high of $51.92, it has rallied 42%...

JPMorgan (JPM) Could Lose More Than 10% Before Rally

by elliottwave-forecast.com | April 25, 2022 1:04 pm
JPMorgan Chase & Co. (JPM) is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of December 31, 2021, JPMorgan Chase is the largest bank in...

$NVAX: Biotechnology Stock Novavax Enters the Buying Area

by elliottwave-forecast.com | April 25, 2022 12:52 pm
Novavax, Inc. is an US American biotechnology company. Founded in 1987 and headquartered in Gaithersburg, Maryland, USA, it is a part of Russel1000 index. Investors can trade it under the ticker $NVAX at NASDAQ as well as...

Morgan Stanley – Looking to buy the dips

by elliottwave-forecast.com | April 22, 2022 3:10 pm
Morgan Stanley has been considerably been climbing for the past decade without any financial crashes and economical issues affecting it to a point that it has interferred within it’s bullish cycle. We have been eyeing this up...

$MICEX Russia Index Longer Term Trend and Bullish Cycles

by elliottwave-forecast.com | April 21, 2022 3:31 pm
$MICEX Russia Index Longer Term Trend and Bullish Cycles The Russian index has trended higher with other world indices since inception. The index remained in a long term bullish trend cycle into the December 2007 highs. It...

Nine Energy Services ($NINE) Is the next leg up starting?

by elliottwave-forecast.com | April 21, 2022 2:22 pm
Nine Energy Services stock has had a remarkable rally in the first quarter of 2022.  There are a few small companies that are making big moves with the swing in Crude Oil during the late Feb early...

ETF SOXX Needs To Continue Lower In A Elliott Wave Double Correction

by elliottwave-forecast.com | April 18, 2022 2:03 pm
SOXX (iShares Semiconductor ETF) is passively managed to provide concentrated exposure to the 30 largest US-listed semiconductor companies. This includes (i) manufacturers of materials with semiconductors that are used in electronic applications or in LED and OLED...

Uranium Miners ETF (URA) Breaking Out Soon

by elliottwave-forecast.com | April 18, 2022 1:50 pm
The 2011 Fukushima nuclear disaster in Japan resulted in a huge setback in Uranium. Plans for new nuclear power development are shelved and sentiment turns negative for many years after. However, a decade later the case for...