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…

Will the NDX determine where the SPX goes next?

This is an update to the July 8 Premium Member Weekly Digest. 4th waves tend to typically retrace 23.6 to 38.2% of the prior 3rd wave. In this case intermediate-iv of intermediate-iii on the NDX, and these retrace levels correspond to $5600-$5414. It is impossible to know before hand which retrace level it will be…