Weekend Update from The Elliot Wave Lives On

Some technical analysis for your weekend reading:
With the markets entering correction territory this week, I figured it would be a good time to check with with Tony and the Elliot Wave Lives On blog. He does not disappoint.

tony caldaro's avatarthe ELLIOTT WAVE lives on

REVIEW

Another volatile week. While the range for the week was not that wide, (SPX 1770-1799), the wild swings every day, and sometimes intraday, were. For the week the SPX/DOW were -0.75%, the NDX/NAZ were -0.60%, and the DJ World index was down 1.20%. Economic reports for the week were about two to one on the positive side. On the uptick: Q4 GDP, Case-Shiller, consumer confidence/sentiment, personal spending, PCE prices, Chicago PMI, monetary base, and the WLEI. On the downtick: new/pending home sales, durable goods orders, the M1-multiplier, and weekly jobless claims rose. Next week will be highlighted by Payrolls, ISM and Auto sales.

LONG TERM: bull market

In the wonderful world of Elliott Wave analysis there are now, and have been before, counts floating around suggesting this bull market ended with an ABC up from 2009 at the recent DOW 16,588 high. Two comments on this count with historical references. First. For…

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I am an Introvert

Always great to hear from fellow introverts…

Bob Seawright's avatarAbove the Market

Worth ReadingAs an introvert, I especially appreciated Shane Parrish’s fine new piece riffing off of Susan Cain‘s Quiet: The Power of Introverts in a World That Can’t Stop Talking. Ms. Cain’s interesting TED talk on the subject highlights some of her key points.

As I have written before, my personal productivity — both in terms of quantity and quality of work — increased dramatically when I set aside specific time to think and contemplate. Sometimes I do so with a particular subject or problem in mind. Sometimes I don’t. But, if I’m disciplined about it at all, it’s very useful time. I encourage you to read Shane’s excellent post and Ms. Cain’s worthy book.

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Instead of myRA Accounts, How About Privatizing Social Security?

I agree 100%. If the concern really is people’s inability to manage their money, then don’t let them manage it…put it into a myIRA type account.

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Thinking About Retirement? Raise Cash Now!

Good commentary on current market conditions…

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Market Insight from JP Morgan – 1st Quarter 2014

It’s that time again: time for the latest and greatest installment of  JP Morgan Asset Management’s quarterly market outlook.

JPMorgan Guide to the Markets 2013-12-31

Each quarter, you can find this little gem of a PDF on JP Morgan’s Asset management website; a downloadable “Guide to the Markets” AND audio commentary.

Topics include US Equities, Economy and Fixed Income, along with an view of the International landscape and Asset Class performance.

Sources:


JP Morgan Guide to the Markets: Q1 2014
http://www.jpmorganfunds.com

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Protecting Your Portfolio Long Term

OppenheimerFunds’ CIO Asset Allocation Mark Hamilton details how investors need to realign their portfolios to improve their chances of long-term success.

Published on Nov 21, 2013 on Youtube

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