Thierry Laduguie

Regular readers will recall this article I posted in June http://uk.advfn.com/newspaper/thierry-laduguie/41281/the-big-short The target remains the same but the timing of the decline has been delayed. The wave principle is a powerful tool to forecast the stock market, I have no doubt this long term decline will materialise once the positive mood dissipates. Sometimes major events like […]

The FTSE 100 broke below an important support line yesterday, it now looks as if the decline in the FTSE will accelerate. This is not confirmed by the S&P 500, the US index is still in an uptrend. We have a non confirmation between the FTSE and the S&P, the S&P has the potential to […]

The FTSE 100 has rallied strongly in the last two days. If the bounce was counter trend, it should have ended near 6900. The rally above 6900 is bullish and not consistent with a counter trend bounce that is running out of steam. This morning the index tested the previous high at 6937.4.     […]

Sentiment turned bearish a few days ago and the stock market is expected to go down as a result but the S&P 500 is resilient. It’s possible a bottom is already in place in the S&P. The US economy is not firing on all cylinders but it is not slowing down either. That is a perfect […]

At the start of the year I warned that the FTSE 100 would go down to 5,000 by the end of the year. Given the devaluation of the pound following Brexit and improved economic activity in the US and China during the second quarter, this forecast is still valid but it may take longer for […]

The BTI, a sentiment indicator, turned down on 10 June and is still declining. But on Monday it was up, sentiment is changing from bearish to bullish. When sentiment is bullish odds favour a stock market rally. I expect sentiment to turn bullish in the next few days but sentiment will only be bullish if […]

Sentiment is bullish and the S&P 500 is not far away from making a new all-time high. Stock markets don’t make all-time highs for the wrong reasons. It seems we live in a world where men and women can dictate the direction of the stock market. They’ve done it with quantitative easing, and now with […]

Recent price action in crude oil and the S&P 500 contradicts the position of the FTSE 100. There is a divergence between the FTSE and the S&P, the S&P is trading near this year’s high but the FTSE is well below its high (6427.5). Crude oil is trading well above the levels seen at the […]

EUR/USD DMI: Bearish Sentiment bearish MACD : bearish RSI: Neutral Moving averages crossover: bullish       EUR/USD: Indicators are mostly bearish and the Elliott wave is wave A down. The euro is tracing out wave A of a downward zigzag [A,B,C]. The pattern is a long term triangle [(A),(B),(C),(D),(E)]. wave (C) is over and […]

Sentiment is bullish but the wave count is complete and the Top 20 Differential is still overbought. The odds of a pullback in the FTSE 100 have increased. The question is, will the pullback be a short term affair of a long term correction? When the blue chips are overbought they tend to pullback. The […]