tomj2417

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Markets Allocation
44 % stocks 26 % forex 4 % indices 26 % other
Top Mentioned Symbols
FX_IDC:GBPUSD 7% | 8 FX:GBPUSD 5% | 6 DXY 4% | 5 SPX 2% | 3
tomj2417 tomj2417 PRO XCUUSD, D, Short ,
XCUUSD: Copper - decent correction
28 0 2
XCUUSD, D Short
Copper - decent correction

A number of factors point towards the possibility of a decent correction for copper (and Emerging markets with it?). The parallel channel, the fib measurements and the relatively straightforward count all suggest to me that there could be a prolonged period of downside here. Not shown on the chart is that Copper has also failed at it's R2 yearly pivot.

tomj2417 tomj2417 PRO GER30, D, Short ,
GER30: DAX - decent correction then more upside
207 0 2
GER30, D Short
DAX - decent correction then more upside

This analysis suggests that the DAX (along with many other major indices) may see a decent correction in the coming months but I am still expecting a decent leg up to come which I will be waiting for. It never ceases to amaze me how many times the same fib ratios come into play as in this case.

tomj2417 tomj2417 PRO BRK.A, 3D, Short ,
BRK.A: Berkshire Hathaway - looking for a top
37 1 4
BRK.A, 3D Short
Berkshire Hathaway - looking for a top

I did a chart a while back on this calling a top and it blasted higher so you'd think I'd learn but this chart suggests that 5 waves may be very near to completion and so a decent correction could be expected. I like the way that over and over again the same fib numbers come into play as they do here and the pitchfork has acted as a barrier on a number of ...

tomj2417 tomj2417 PRO HICL, W, Short ,
HICL: HICL - UK investment income investment trust - more downside
10 0 3
HICL, W Short
HICL - UK investment income investment trust - more downside

Pretty obscure I know, but a popular trust for UK income seekers paying an over 5% dividend. My Wave analysis suggests there more be more downside before we see any decent rally or continuation on any uptrend in this trust.

tomj2417 tomj2417 PRO WLDN, D, Short ,
WLDN: Going down?
11 0 2
WLDN, D Short
Going down?

Always risky calling tops especially after the run this stock has had but I'm calling one anyway. Reckon 5 waves might be in....

tomj2417 tomj2417 PRO MRK, W, Short ,
MRK: Merck - Short
44 0 4
MRK, W Short
Merck - Short

A number of factors shown on the chart suggest that this US stock may be in for some sustained downside.

tomj2417 tomj2417 PRO SX5E, 60, Short ,
SX5E: Short term top for Stoxx 50?
37 0 2
SX5E, 60 Short
Short term top for Stoxx 50?

The parallel channel and the fact that wave 5 may be the same length as wave 1 might suggest a short term top is in for this index.

tomj2417 tomj2417 PRO WEIR, W, Long ,
WEIR: Weir Group  - long term EW count
8 0 3
WEIR, W Long
Weir Group - long term EW count

Might be approaching a wave v top but this count suggests that the long term trend is definitely upwards.

tomj2417 tomj2417 PRO VED, D, Long ,
VED: Vedanta Resources - more upside
6 0 3
VED, D Long
Vedanta Resources - more upside

2 possible counts I'm following for this UK resource stock. If this is minor wave 1 of a renewed uptrend then it may well be due a decent correction before continuing upwards.

tomj2417 tomj2417 PRO TSLA, W, Long ,
TSLA: Tesla - Deeper correction then long
111 0 3
TSLA, W Long
Tesla - Deeper correction then long

Looks possible that this is developing into a flat or expanded flat correction which may see this stock correct further before heading up again......perhaps. My 3rd wave was just a tad short of the 1.618 extension so perhaps the 5th wave might even extend. With this stock.....anything is possible.

tomj2417 tomj2417 PRO UKX, 30, Long ,
UKX: Another (small) leg up for the FTSE
66 0 4
UKX, 30 Long
Another (small) leg up for the FTSE

As ever with Elliott Wave, it just suggests a few possibilities and the correction may in fact have further to go. This count however suggests that there is more upside for the FTSE 100 from here although how much higher it will go in this sequence is not an exact science. I have put a few possibilities on the chart but also of note is that there are a number of ...

tomj2417 tomj2417 PRO EURGBP, 240, Short ,
EURGBP: Pound strength - Alternative count for EURGBP
60 0 6
EURGBP, 240 Short
Pound strength - Alternative count for EURGBP

I think I've got another count where I have this pair showing expected EURO but some of the Fibonacci numbers here caught my eye so I will be watching to see if perhaps Sterling strength is here to stay, at least in the short term.

tomj2417 tomj2417 PRO HMCH, D, Long ,
HMCH: Long China - but not for long
15 0 5
HMCH, D Long
Long China - but not for long

Another wave count that might suggest that this bullish run since early 2016 might be due a decent correction. Might still have some run up first though if it doesn't turn around here.

tomj2417 tomj2417 PRO HBRL, D, Long ,
HBRL: Longer term very bullish for Brazil
9 0 7
HBRL, D Long
Longer term very bullish for Brazil

Assuming that my wave (2) is in fact wave (2) and not just (A) then I reckon there could be some serious upside for this emerging market (and others) going forward once wave 2 is out of the way. This wave (1) comes after a long term decline and would suggest that a wave (3) could be coming sooner rather than later.

tomj2417 tomj2417 PRO SX5E, D, Long ,
SX5E: Euro Stoxx 50 - more upside
26 0 6
SX5E, D Long
Euro Stoxx 50 - more upside

I have highlighted a few areas where parallel channels and key Fibonacci numbers might suggest some upside targets for this index when coupled with my EW count. My only concern here is that perhaps it all looks too obvious and the market may have other ideas.....

tomj2417 tomj2417 PRO UKX, D, Long ,
UKX: FTSE100 - more upside
40 0 5
UKX, D Long
FTSE100 - more upside

Pretty simple analysis but looks bullish to me for the FTSE 100 for the coming months.

tomj2417 tomj2417 PRO SMT, W, Long ,
SMT: Calling (another!) top in this UK investment trust
13 0 4
SMT, W Long
Calling (another!) top in this UK investment trust

A while back I unsuccessfully called a top in this global equity investment trust and it replied by steaming higher. I'm having another go here at calling a top of a wave 3 that, according to this analysis, began back in 2008. However, I think there may well be more upside before any major correction as highlighted on the chart.

tomj2417 tomj2417 PRO DSUG, 2D, Long ,
DSUG: Shorting US Treasuries
9 0 5
DSUG, 2D Long
Shorting US Treasuries

A bit obscure this one but my analysis shows some potential upside for this inverse US treasuries ETF.

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