• Loading stock data...


Is an historic stock market crash unfolding on Wall Street?

We sure don’t know, and the pundits on CNBC and FBN are almost unanimous in saying there is nothing to worry about. Well, how many of them saw the recent drop coming in the first place? Why should you listen to them now?

Here’s the past five days of US stock market trading (QQQ), courtesy of Trading View. Feel free to change the symbol, add lines and indicators etc, as you need.



5-Day Market Recap

Market Update – Monday 03/25/19 4:00 PM EDT

Unable to rebound from Friday’s smashing, US stocks zigged and zagged in a relatively narrow range, leading to a mixed close. The DJIA advanced 14 points (0.1%) and the NASDAQ slipped 5 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues!


Market Update – Friday 03/22/19 4:00 PM EDT

In yet another reversal of the previous day’s trading action, the SkyNet SellBots kicked in the turbocharger and applied unrelenting sell pressure all day long. Seems Fed Head Powell’s statements on Tuesday have been re-re-reevaluated and the forecast for weak economic growth is not good news after all. The DJIA plunged 460 points (1.8%) and the NASDAQ got smashed for 196 points (2.5%).

Stay tuned as the battle of the SkyNet StockBots continues!


Market Update – Thursday 03/21/19 4:00 PM EDT

The SkyNet BuyBots ruled the day, fueled by “reinterpretation” of Fed Head Powell’s remarks yesterday. The DJIA recovered all of yesterday’s losses and a bit more, closing higher by 217 points (0.8%) but the NASDAQ jumped 110 points (1.4%).

Stay tuned as the battle of the SkyNet StockBots continues!


Market Update – Wednesday 03/20/19 4:00 PM EDT

The SkyNet StockBots battled it out again as US stocks zigged and zagged in the wake of Fed Head Jerome Powell’s policy announcement. The DJIA dropped 142 points (0.6%) but the NASDAQ held on to a gain of 5 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues!


Market Update – Tuesday 03/19/19 4:00 PM EDT

The SkyNet StockBots battled it out again in relatively quiet trading, pushing stocks into a mixed close. The DJIA dropped 27 points (0.1%) and the NASDAQ advanced 9 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues!


Update archives


So where do the markets go from here? We sure don’t know.

And anybody who claims to know exactly what’s coming is lying to you. The entire global financial system is in unprecedented, uncharted waters.

  • Global debt is much worse than it was in 2007.
  • Mega-trillions in derivatives trade every day like $1.00 dog-racing trifecta tickets.
  • Despite twelve years of near-zero interest rates, global economies other than the US are barely registering a pulse.
  • And on and on.

How bad are things? How unprecedented and uncharted?

Several Central Banks have entered the monetary Twilight Zone by cutting their benchmark interest rates to below zero. That’s right, if you’re a big bank, you can actually “make money” by borrowing money. When the loan comes due, you pay back less than the amount you borrowed. What a deal!

And the perverse flip side of negative interest rates is that when you deposit your hard-earned money in the bank, not only do you not earn any interest, the bank charges you a fee just for the privilege of making the deposit. You have less and less money in your account every day. What a rip-off!

All of this financial insanity can only be seen as a desperate last-resort attempt by Central Bankers to stimulate their economies by force-feeding them with “better than free money”. (Free money that is conjured up out of thin air with a few mouse clicks, that is.)

About the best we can say for the markets ahead is “expect the unexpected.”

But if there’s one thing that all stock market analysts and forecasters agree upon, it’s that “markets don’t move in straight lines” (at least not for very long). Look at any chart of any stock, any commodity, anything that is traded on an open market and you just don’t see long straight lines.

generic chart

So if markets don’t move in straight lines, how do they move? Again, look at any chart and it’s obvious: markets move in zigs and zags. A more technical term for zigs and zags is waves. And there is no better way to analyze and interpret chart waves than with Elliott Wave analysis.

Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the largest independent financial analysis and market forecasting firm in the world. EWI’s analysts cover every major market (stocks, currencies, bonds, energy, metals, commodities) worldwide, 24 hours a day.

The stock market waves have been warning of a major market meltdown for quite some time. Has that moment finally arrived?

As Bob Prechter warned, and as the market action during the 2008-2009 financial crisis proved,

“Bear markets move fast and are intensely emotional;
investors and traders who are prepared have greater
opportunities on the downside than on the upside.”

We urge you to stay on top of the latest market action with commentary and reports from our friends at Elliott Wave International, below.