Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
CHIA Coins After 1st Week of Plotting 140 Plot 14tb Farm. Crunching the Numbers How to Win - 15th May 21
Tips to Create the Best Cross-Functional Teams - 15th May 21
Gold: Lose a Battle to Win the War - 14th May 21
Are You Invested in America’s “Two-Hour Boom” Fast Shipping Stocks? - 14th May 21
Gold to Benefit from Mounting US Debt Pile - 14th May 21
6 Solid Signs You Should Have Your Smart Device Repaired Right Away - 14th May 21
Ways to Finance Your Business Growth - 14th May 21
Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
How Much CHIA Coins Profit from 100 Plot 10tb Farm? Hard Drive Space Mining - 13th May 21
Stock Market Bulls Getting Caught in the Whirlwind - 13th May 21
Legoland Windsor Mini land and Sky Train Virtual Tour in VR 360 - UK London Holidays 2021 - 13th May 21
Peak Growth and Inflation - 13th May 21
Where’s The Fed? Watch Precious Metals For Signs Of Inflation Panic - 13th May 21
Coronavius Covid-19 in Italy in August 2019! - 13th May 21
India Covid Apocalypse Heralds Catastrophe for Pakistan and Bangladesh - 13th May 21
TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
Gold Price During Hyperinflation - 12th May 21
Stock Market Extending Phase Two? - 12th May 21
Crypto 101 for new traders – ETH or BTC? - 12th May 21
Stock Market Enters Early Summer Correction Trend Forecast Time Window - 11th May 21
GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
Cathy Wood Bubble Bursts as ARK Funds CRASH! Enter into a Severe Bear Market - 11th May 21
Apply This Technique to Stop Rushing into Trades - 10th May 21
Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
CHIA Getting Started SSD Crypto Mining by Plotting and Farming on Your Hard Drives Guide - 9th May 21
Yaheetech Mesh Best Cheap Computer /. Gaming Chairs on Amazon Review - 9th May 21
Breaking US Trade Embargo with Cuba - Build 7 Computers in 14 Hours Before Ship Sales Challenge - 9th May 21
Dripcoin Applies New Technology That Provides Faster Order Execution - 9th May 21
Capital Gains Tax Hike News: Was It REALLY to Blame for Sell-off? - 7th May 21
Stock Market Transportation Index Continues To Grind Higher - 7th May 21
SPX Stock Market Correction Arriving or Not? - 7th May 21
How to Invest in an Online Casino? - 7th May 21
Gold & Silver Begin New Advancing Cycle Phase - 6th May 21
Vaccine Economic Boom and Bust - 6th May 21
USDX, Gold Miners: The Lion and the Jackals - 6th May 21
What If You Turn Off Your PC During Windows Update? Stuck on Automatic Repair Nightmare! - 6th May 21
4 Insurance Policies You Should Consider Buying - 6th May 21
Fed Taper Smoke and Mirrors - 5th May 21
Global Economic Recovery 2021 and the Dark Legacies of Smoot-Hawley - 5th May 21
Utility Stocks Continue To Rally – Sending A Warning Signal Yet? - 5th May 21
ROIMAX Trading Platform Review - 5th May 21
Gas and Electricity Price Trends so far in 2021 for the United Kingdom - 5th May 21
Crypto Bubble Mania Free Money GPU Mining With NiceHash Continues... - 4th May 21
Stock Market SPX Short-term Correction - 4th May 21
Gold & Silver Wait Their Turn to Ride the Inflationary Wave - 4th May 21
Gold Can’t Wait to Fall – Even Without USDX’s Help - 4th May 21
Stock Market Investor Psychology: Here are 2 Rare Traits Now on Display - 4th May 21
Sheffield Peoples Referendum May 6th Local Elections 2021 - Vote for Committee Decision's or Dictatorship - 4th May 21
AlphaLive Brings Out Latest Trading App for Android - 4th May 21
India Covid-19 Apocalypse Heralds Catastrophe for Pakistan & Bangladesh, Covid in Italy August 2019! - 3rd May 21
Why Ryzen PBO Overclock is Better than ALL Core Under Volting - 5950x, 5900x, 5800x, 5600x Despite Benchmarks - 3rd May 21
MMT: Medieval Monetary Theory - 3rd May 21
Magical Flowering Budgies Bird of Paradise Indoor Grape Vine Flying Fun in VR 3D 180 UK - 3rd May 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Financial Markets Review - Sell in May and Go Away

Stock-Markets / Financial Markets Apr 23, 2007 - 09:51 PM GMT

By: Nadeem_Walayat

Stock-Markets

The scene is being set for the next anticipated stock market tumble to begin sometime over the coming two weeks, as we draw nearer to traditionally the weakest period for the stock markets, May to July.

The Stock markets have all rallied, the Dow hitting a new all time high, the FTSE hitting a new multi-year high and China's Shanghai index off again on another parabolic run. The dollar took another tumble on weakening economic activity and interest rates across the world are on the rise on the back of soaring inflation. The update to the summary of financial market forecasts (22nd April), illustrates the intermarket relationships that that are building up to the next sell off primed to occur as we go into May 07.


The trigger is likely to be China again, Risk of China Shanghai Index Crash as Parabolic Rise Continues towards 12 Year Resistance Trendline (23rd April), and China's Shanghai Index Is Falling "On Schedule" to Effect All Financial Markets (19th April), as ever calling the top of a parabolic move is pretty much impossible, just that the market is in pre-crash phase. Once China starts the ball rolling an unraveling of the carry trade is likely to again exaggerate the effect.

UK Inflation is on the rise (18th April), hitting a 16 hear high of 4.8% (RPI), with the next rate rise in May now a done deal, and on track for the 5.75% target later this year, the statistics for May and June (22nd April), will give better indications on whether the trend in rates will continue to the next target going onto 6.5% during 2008.

The US Economy continues to slow, with economic indicators indicating an recession is imminent (21st April)

Gold Bugs need to be aware of a strong possibility of failure of Gold to breakout above $733 (20th April) and thereby sets the scene to revisit $600. The commitment of traders (23rd April) report is especially bearish indications. Failure here would resemble the double top pattern (22nd April)

Though its not all gloom and doom ! As any sell off in the emerging markets and commodities should be viewed as a good long-term buying opportunity (21st April).

More useful education material on the site, Joseph Russo continues his series on trading using elliott wave theory (23rd April). More on how to execute the trade from Dr Dorn, and some simple but powerful investment rules (23rd April).

And finally, If you have not already taken advantage of Free Access to Elliottwave.com's premium Financial Markets Forecasting Service then time is running out, for free access expires on 25th April at 1pm EST.

  • The Financial Forecast Service includes Short Term Update (Mon., Wed., Fri.)
  • The Elliott Wave Financial Forecast (monthly)
  • The Elliott Wave Theorist (monthly).
  • Free 90 minute video: The Basics of The Wave Principle

Even if your already a member of elliottwave.com, you can still get free access to the financial markets forecasts via the Market Oracle landing page. http://www.elliottwave.com/wave/marketoracle

Until next time, Good Trading & Investing !

Nadeem Walayat
Editor, The Market Oracle.

(c) MarketOracle.co.uk 2007

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Comments within the text should not be construed as specific recommendations to buy or sell securities. Individuals should consult with their personal financial advisors before engaging in any trading activities. We do not in any way warrant or guarantee the success of any action you take in reliance on our forecasts.

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in