Why Tough Marines Make Good Traders

Bob Prechter: "It struck me one day that among a handful of consistently successful professional options and futures traders of my acquaintance, three of them are former Marines."

U.S. Banks Get Pummeled: Is Your Money Safe?

Lehman Brothers on the skids, Washington Mutual shares plunge to a 17-year low, Citigroup and Merrill Lynch join the red-flag finanical parade, AND -- the third largest bank failure in U.S. history takes place with the shut down of Indymac Bancorp. Before the U.S. banking sector went to hell in a handbasket, we saw the "warning signs" of decline...

Coffee: Opportunity Heats Up... For FREE

On Thursday, July 17, Coffee prices were about as perky as a lump of dry coal. By day’s end, the market had plunged to its lowest level in over a month. After reading today's Futures Focus, you'll see why the big move down was no surprise to Elliott Wave International's premier near-term commodity service...

The Key to Unlocking Wheat's Reversal

"A bullish key reversal occurs when prices make a new low below the previous price range, but close above the previous day's close."  An important reversal just happened in Wheat. But just how important? EWI's Jeffrey Kennedy has the answers.

EURUSD (Forex): What Do You Do When Bearish News Turns "Bullish"?

A little after 5 AM Eastern (New York) time on Tuesday, July 15, the euro hit a new all-time high against the U.S. dollar: just under $1.6040. Markets move for a reason, goes the conventional wisdom, and it's doubly true when it comes to major moves like that. Interestingly, though, the EURUSD rallied to the new high after an economic report showed that "investor sentiment in Europe's largest economy, Germany, is at a record low." How come? Here's an Elliott wave take on it.

Crude Oil Crashes: Temporary Glitch - or - Lasting Trend Change?

In the end, fundamental analysis masks the true “sound” of a market’s underlying trend. In the case of oil: The most recent selloff in crude kicked off on July 11. One day earlier, on July 10, EWI's Energy Specialty Service acknowledged the downside potential in the market’s near-term future...

Commodities' Special: A Publication Is Born

At last, the most highly anticipated birth around has finally taken place -- and no, I’m not talking about Brangelina’s twins (born: July 13). Elliott Wave International’s senior commodity analyst Jeffrey Kennedy has just delivered the brand-new July 2008 Monthly Futures Junctures -- a 12-page, hale and hearty publication that screams “Opportunity” into these and many more markets:

(NEW Prechter Video) What Were You Watching at Dow 14,000?

A Special Video Issue of Robert Prechter's Elliott Wave Theorist is online now. But, before you watch his updated insights, please watch and read a few selections from Prechter's Oct. 19, 2007 Elliott Wave Theorist and Bloomberg TV interview on that day.

Ba-dum -- Jaws Sinks Teeth into Housing on Both Sides of Atlantic

Remember the movie Jaws? Now we've got a housing shark as big as Jaws, and when it attacks, it takes out economies, too. Where will it strike next?

The Financial Frankenstein is On The Loose

The politicians and policy pooh-bahs who say Fan/Fred is "too big to fail" are actually acknowledging that The Monster has failed ALREADY. I could write a lot of words about how corrupt these two institutions have been over the past decade...Years and years of corrupt behavior produced layer and layer of congressional and regulatory "oversight." Yet today, The Monster mocks its creator more loudly than ever.

(Video) $147 Oil: What Is Driving Up Prices?

Crude oil rallied to another all-time high on Friday, July 11 – to $147.27 a barrel. But glance at the headlines, and it's hard to call the reasons analysts cite as the cause for the $5-rally as bullish news. However, from the standpoint of Elliott wave analysis, crude's rally makes sense, with or without the news. This free video explains why.

Could The U.S. Lose Its AAA Status?

On Friday, July 11, the pandemonium surrounding Fannie Mae and Freddie Mac’s fall from financial grace prompted some panic-stricken citizens to ask the most dreaded of all questions: If the U.S. government is forced to bailout the flailing mortgage giants, will the leader of the free world lose its coveted AAA status?