How does the market respond to FED rate hikes?

To fight recessions or combat an overheating economy, the FED lowers or raises its rates; respectively. You can see all the FEDs fund rate changes here. On December 16, 2008 the FED lowered its rate to <0.25%. Yes, rates did change a bit from month to month (between +0.07 and +0.20%), but they were effectively zero…

S&P500 update: Keep It Simple Stupid

Over the past few weeks I featured the below weekly chart of the S&P500 to my premium members as it is so elegantly simple, aka KISS (Keep It Simple Stupid). One really doesn’t need to know “Elliot Wave” (albeit the wave-labels are shown according to where I prefer to  see where the market is) to…

NDX Update: Sunny with a chance of pain?

Over the past many weeks, starting June 3 (see here), I have been looking for the NDX to reach $7500 through completing an impulse wave pattern.  On July 25 the index reached $7511 and reversed hard over the next three days. But, after that quick 2.8% drop to the 50-day Simple Moving Average the index…

NASDAQ Update IV: And We Have Lift-off!

Over the past weeks I’ve kept you successfully and timely updated on the NASDAQ-100 (NDX) and RUSELL2000 (RUT) Elliot Wave Counts, as these indices have been hitting the forecasted price targets to the T. Let’s review what I forecasted and what transpired: June 3: I forecasted the NDX to reach $7165-7290 (see here). June 15: the…

Is Buy & Hold The Best Strategy?

If it works for Warren Buffet, it must work for you, right!? Hold, not so fast. Is Buy and Hold indeed the best strategy to generational wealth? Maybe not. Why? It really depends on which stocks you pick. Here I show two stocks: SWN and AMZN, which both have been trading for over 20 years…