• Loading stock data...


Is an historic stock market crash about to unfold 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 09/09/19 4:00 PM EDT

The SkyNet StockBots took another day off as US stocks zigged and zagged in a narrow range into a mixed close.

The DJIA gained 38 points (0.1%) but the NASDAQ slipped 16 points (0.2%). Gold and US bonds continued to pull back from their recent sharp gains.

Stay tuned as the battle of the SkyNet StockBots continues.


Market Update – Friday 09/06/19 4:00 PM EDT

The SkyNet StockBots took the day off as US stocks zigged and zagged in a narrow range into a mixed close.

The DJIA gained 69 points (0.3%) but the NASDAQ slipped 13 points (0.2%). Gold and US bonds continued to pull back from their recent sharp gains.

Stay tuned as the battle of the SkyNet StockBots continues.


Market Update – Thursday 09/05/19 4:00 PM EDT

The on-again off-again trade war with China was back in off-again mode today as the SkyNet BuyBots ignited a monster rally in the overnight futures trading, sending US stocks sharply higher at the open of trading on Wall Street. From there, stocks zigged and zagged and added a bit more ground into the close. The DJIA jumped 372 points (1.4%) and the NASDAQ surged 140 points (1.7%). Gold and US bonds finally pulled back from their recent sharp gains.

Stay tuned as the battle of the SkyNet StockBots continues.


Market Update – Wednesday 09/04/19 4:00 PM EDT

US stocks recovered from yesterday’s steep losses as the on-again off-again trade war with China was back in off-again mode. The SkyNet BuyBots gained the upper hand in the overnight futures trading, sending US stocks sharply higher at the open of trading on Wall Street.From there, stocks zigged and zagged their way a bit higher into the close. The DJIA gained 237 points (0.9%) and the NASDAQ jumped 102 points (1.3%). Yet again gold and US bonds extended their recent moves higher.

Stay tuned as the battle of the SkyNet StockBots continues.


Market Update – Tuesday 09/03/19 4:00 PM EDT

The SkyNet SellBots gained the upper hand in the overnight futures trading, sending US stocks sharply lower at the open of trading on Wall Street.From there, stocks zigged and zagged their way with little direction into the close. The DJIA plunged 285 points (1.0%) and the NASDAQ tanked 88 points (1.0%). Gold and US bonds extended their recent moves higher.

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.