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Posts Tagged ‘David Banister’

S&P 500 Elliott Wave Forecast Unfolding As We Projected

February 5th, 2014

technical-lookDavid Banister: Back on January 15th we wrote an article and also a elliott wave forecast for both the public and our subscribers showing a likely top at a maximum of 1868 on the SP 500.  We said that Elliott Wave Major 3 of Primary Wave 3 would top no higher than that level.  Read more…

NYSE:DIA, NYSE:SPY

Gold and Silver Ready To Rumble Higher?

January 29th, 2014

gold silver metalsDavid Banister: We have been writing about the bottoming process of the Gold Bear Cycle (Elliott Wave Theory) since December 4th 2013, and our most recent article on December 26th reiterated that the best time to accumulate the Gold/Silver stocks Read more…

NYSE:GLD, NYSE:SLV

SPDR S&P 500 ETF Trust (SPY): Closing In On A Market Top

January 15th, 2014

stock price surgeDavid Banister: The S&P 500 has been in Major wave Elliott Wave 3 up of Primary wave 3 from 1267 by our best projected counts. Our technical analysis of stock trends predicted back in early September a large rally up in the SP 500 to 1822-1829, Read more…

NYSE:SDS, NYSE:SH, NYSE:SPY, NYSE:SSO

3 ETFs To Buy For 2014

December 30th, 2013

etfs etfsDavid Banister:  The best time to buy cheap is when you are afraid to bring up your ideas around the water cooler at work for fear of the peer laughter. Our work centers on looking for oversold conditions and crowd behavioral anomalies Read more…

NYSE:EWZ, NYSE:GDXJ, NYSE:TUR

Bear Market Cycle Bottom Forming In Gold

December 26th, 2013

gold timeDavid Banister:  Today we take a look at the Bullish Percent Index chart relative to Gold’s cycle and Gold Stocks. Read more…

NYSE:GDX, NYSE:GDXJ, NYSE:GLD

Bull Market Nearing Interim Peak On S&P 500

November 26th, 2013

technical chart lookDavid Banister: Elliott Wave Forecast: Back on September 12th with the S&P 500 (NYSEARCA:SPY) at 1689 we forecasted a run in the SP 500 to 1829, a very specific number.  We use Elliott Wave Theory and Analysis in part to come up Read more…

NYSE:SPY

S&P 500 Index and Dow Jones Industrial Average Enters Major Correction Period

August 12th, 2013

market correction bearDavid Banister:  The S&P 500 (INDEXSP:.INX) has been on a tear since late 2012 with the S&P 500 bottoming at 1266. The rally though we have been charting out as part of a “Primary wave 3″ uptrend for this Bull market cycle from March 2009 Read more…

NYSE:DIA, NYSE:SPY

SPDR Gold Trust ETF (GLD): Time To Pick Your Spots and Start Buying

July 1st, 2013

buy-nowDavid Banister: As they say on Wall Street, “They don’t ring bells at the top” and for sure they usually don’t give you a phone call at the bottom either. Many heads have rolled trying to call this recent near 2 year downdraft in Gold in terms of bottom Read more…

NYSE:GLD, NYSE:IAU

It’s Time To Be BRAVE With Gold Stocks

May 21st, 2013

gold miner pickDavid Banister: I used to half joke with some of my investing friends that the best time to buy stocks is during or right after a crash.  Think 1987, 2000-2002, 2008-09, and now perhaps Gold Miners?? Well, before we get too far ahead of ourselves, Read more…

NYSE:GDX, NYSE:GDXJ

S&P 500 Index Correction Is Near, But The Bull Market Has LONG Waves To Go

May 13th, 2013

bearbullDavid Banister: The S&P 500 Index (INDEXSP:.INX) has been on a tear as we all know especially since the SP 500 bottomed at 1343 several months ago.  My work centers around forecasting using Elliott Wave Theory along with other technical indicators. Read more…

NYSE:DIA, NYSE:SPY

The Long and Winding Gold: Bull Cycle About To Begin

April 5th, 2013

gold standardDavid Banister: The dramatic 2-3 day take down in Gold Spot pricing action smells and looks like capitulation to us at The Market Trend Forecast. We have been calling this entire 19-20 month consolidation period as a Primary wave 4 correction pattern, though Read more…

NYSE:GLD

GOLD Prices Should Be Completing A Cyclical Low In February: SPDR Gold Trust (GLD)

February 22nd, 2013

gold standardDavid Banister: Over the past 5 calendar years we have seen GOLD either complete an intermediate cyclical top or bottom in each February.  My forecast was for February of 2013 to be no different and for Gold and Silver to make trough lows this month.  With that said, I did not expect the drop Read more…

NYSE:GLD

Technical Update On The Mini-Crash In Gold Prices (GLD, IAU)

January 4th, 2013

David Banister: Let’s make one thing clear; nobody I know including myself predicted that Gold would drop from 1690 to 1625 inside of 48 hours this week. That was not in the charts and so I won’t even pretend I was going to see that train coming through the tunnel. Read more…

NYSE:GLD, NYSE:IAU

An Emerging Low In Gold Stocks?

December 10th, 2012

David Banister: Gold stocks have been in another recent downtrend, which makes sense during a “wave 2″ correction in GOLD (NYSEARCA:GLD). Read more…

NYSE:GDX, NYSE:GLD, NYSE:NUGT

SPDR Gold ETF (GLD) Should Be Nearing A Major Bottom

December 5th, 2012

David Banister: The recent rally in Gold took the metal from the 1620’s to roughly 1800 per ounce before the ensuing corrective action began.  Back around October 20th we warned our readers about a likely “ wave 2” correction in Gold and we had several reasons for that warnings. Read more…

NYSE:GLD




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