Recent Articles by Zac Mannes

How is OMH Even Possible!?

Stock Waves has come up with a short list comprising two categories of stocks. The first type of stocks have greater potential to strike new highs to complete their respective 5th waves. The second category are stocks that seem to have more likely topped and have begun their bear markets and are good short candidates after the next bounce.
by Zac Mannes - 2 weeks ago

Each Chart On Its Own: A Review of BA

We have often cautioned in StockWaves that more bearish moves in the market can hijack even the most bullish individual charts. But that does not mean one should abandon ship on everything bullish at the first break of key support levels in the market indices.
by Zac Mannes - 3 weeks ago

Metals, Miners and Agriculture (MMA) at Elliott Wave Trader: Mid-year Review

Let’s walk through some of our 2024 Wave Setups and then touch on where we are heading as we look to the second half of 2024.
by Zac Mannes - 9 months ago

Extension or Something New?

Sometimes an extension in Elliott Wave is just that, an extension beyond an already complete pattern.
by Zac Mannes - 9 months ago

Newmont: Healthy Pullbacks Are A Good Thing

Contributed by Mark Malinowski, produced with Avi Gilburt.IntroductionSome might say quoting yourself is a bit of an early victory lap, but back in March, we said, “Precious metals and precious metals miners are on the cusp of a run.”Screen grab from March SA article. (SA)Back in our March article on Newmont (NYSE:NEM)(TSX:NGT:CA), we had a strong start off a high probability bottom. Since the little jog back to 33s for a higher low, it climbed another +34% to $44s, giving us a solid five waves up off February. It has since been consolidating.
by Zac Mannes - 9 months ago

Oil now at the 76.4% Fib, is that less bullish?

In early Jan despite only a small 3up off the very deep Dec low I thought we were heading higher as wave i of C.Into early April I thought we had a complete (a)(b)(c) for wave i of an ED for the C wave and should fade in a wave ii.Our (a)(b)(c) for that possible wave ii has slipped past the 61.8% Fib in the alt orange v cautioned about to the next Fib support level, the 76.4%. As discussed though this does now have the potential to count as 5 down from April rather than an (a)(b)(c) with an extended vth of (c).
by Zac Mannes - 10 months ago

Initiation? - Market Analysis for May 31st, 2024

If you are only looking at the S&P500 you are doing it wrong...
by Zac Mannes - 10 months ago

The Subwave Path for TSLA

We talked about the subwave path for TSLA last week and how the (c) wave, if starting off 167, could be hard to distinguish from an alt purple b-wave of a wider flat.
by Zac Mannes - 11 months ago

How Will A Potential Broad Market Decline Impact Mining Stocks?

A question was asked in our MMA service about a potential broad market equity decline also dragging on Mining Stocks. I am reposting my reply for the benefit of all.
by Zac Mannes - 11 months ago

Looking For A Spark: Newmont Corporation (Technical Analysis)

Contributed by Mark Malinowski, produced with Avi Gilburt.IntroductionPrecious metals and precious metals miners are on the cusp of a run. I won’t attempt to predict the future, using a crystal ball. Nor will I ever guarantee that there will be one more low or not. There is no confirmation that the next rally phase, which permabulls have been predicting over the last two years, has already started.What I can say is that sentiment appears ripe. Just like a room filled with gas to the right ratio of fuel and air looking for a spark in your favorite action movie, I feel like now is the time.
by Zac Mannes - 1 year ago

Identifying the Twists & Turns In Energy

We highlight the energy sector within our Stock Waves service, following XLE and XOP very closely along with dozens of names in our energy basket. Let’s examine the chart history on energy, represented by the XLE chart, and our calls since its move off the lows in 2020.
by Zac Mannes - 1 year ago

Nested Ones & Twos EW Examples

CL futures charts showing structure off Dec and Jan lows and micro and sub-micro detail.
by Zac Mannes - 1 year ago

Digging For Value: Agnico Eagle Mines

Contributed by Mark Malinowski, produced with Avi GilburtInflation has pushed up the price of everything is what the Fed and mainstream media has been is telling us every single day for the past two years. So what happens when theFedsays inflation is under control, and they plan to cut the cost of borrowing money? Historically, when the Fed begins reducing the cost of borrowing, it has shown to be a great time to invest in precious metals and precious metals miners. Now is that time.The traditional view to finding value would be looking at the cash cost of production of a gold equivalent ounce, GEO. However, the all-in sustaining cost, AISC, includes sustainable production costs.
by Zac Mannes - 1 year ago

Gold: Ready For Blast-Off

Contributed by Steven Kirkpatrick, produced with Avi Gilburt.If you think that now may be a good time to invest in gold, you may very well be right. But more than likely, you will be right for the wrong reasons. Indeed, there's more confusion andmisunderstanding about gold prices than any other investment I can think of. We presently have a bullish outlook for gold and other precious metals, but not for the reasons most people expect.A great many analysts and pundits like to draw correlations between various exogenous factors that will cause the price of gold to rise or fall. I submit to you that almost every one of these analysts is wrong.
by Zac Mannes - 1 year ago

Gratitude, Fear, Shiny Metals And GDX

Gratitude, Fear, Shiny Metals And GDXSummaryLooking back on 2023, metals and miners presented numerous opportunities.The intersection of fundamentals and sentiment is a good place to look at mining investments.GDX was a recent Wave Setup, with specific support, invalidation, resistance, and target parameters.Contributed by Mark Malinowski, produced with Avi Gilburt“To everything, turn turn turn. There is a season, turn turn turn. And a time to every purpose under heaven.” - The ByrdsLooking backIt's that time of year. Time for slowing down and looking back on the year that was and to begin to plan for the next round. A time when gratitude for all the gifts and people we have in our lives to be recognized.
by Zac Mannes - 1 year ago

Time For Copper To Shine: The Case For Southern Copper And Freeport-McMoRan

This article was produced withSteven Kirkpatrick and theElliottWaveTrader.net metals team.For those that have followed our analysis provided to the readership at Seeking Alpha, you will know that we look for a sweet spot where fundamentals meet technicals.Venn Diagram: Overlap of FA TA (EWT)As the developing nations of the world endeavor to replace fossil fuels with renewables, the demand for copper is expected to increase dramatically over the next decade. But with economic stagnation in China, and concerns of an economic slowdown in much of Europe and possibly the US, copper prices have become as dullas an old penny. The price of the red metal has fallen from $4.70 per pound in March 2022 to roughly $3.
by Zac Mannes - 1 year ago

Where Might The Market Be Heading Into Next November's Elections?

I was asked if it was to early to tell where the market might be heading into the elections a year from now and how it might respond (irrespective of who wins). Short answer: Yes, too soon. But... I think it is an interesting exercise.
by Zac Mannes - 1 year ago

Adjusting To A Diagonal

I think ES got past small degree resistance that makes an impulse down very unlikely now.
by Zac Mannes - 1 year ago

Key Breaks Of Support In Financial Sector

There have been some key breaks of support in the financial sector, and the risk of a breakdown is accelerating here.
by Zac Mannes - 1 year ago

Elliott Wave Guidelines For Fourth Waves

Elliott Wave gives us a couple of rules and a lot of guidelines for fourth waves that can certainly give us a lot of clues to where it should hold and even what shape it should take.
by Zac Mannes - 1 year ago

Ford chart for StretopeliaTurtur

Making this Sep 13th 2023 chart on F (Ford) showing a drop as a vth of 1 into Oct and then a bounce back up to 13 public just for StreptopeliaTurtur on Seeking Alpha.
by Zac Mannes - 1 year ago

Swallowed By Giants: Newmont And Newcrest Mining

Swallowed By Giants: Newmont And Newcrest MiningSummary-Quick background on Newmont Corporation and Newcrest Mining.-Fundamentally speaking - What’s the deal? Rumors?-Technical Elliott Wave view of Newmont and Newcrest.Contributed by Mark Malinowski, produced with Avi GilburtWho are these companies?Let's start out with a dose of pure honesty. Newmont (NYSE:NEM) is a giant. In fact, it's a giant-diversified octopus of a corporation with operations on four continents. In the first quarter of 2023, it produced 1.27 million gold ounces and 288K GEOs (gold equivalent ounces) combining its production of copper, silver, lead, and zinc. There's a reason that Newmont is the single largest component of the GDX ETF.
by Zac Mannes - 1 year ago

Balance In The Force: Wheaton Precious Metals And SSR Mining

Balance In The Force: Wheaton Precious Metals And SSR MiningSummaryQuick background on Wheaton Precious Metals Corp. and SSR Mining Inc.Fundamentals that make these companies attractive.Technical Elliott Wave view of these miners.Additional FA nuggets from Lyn Alden.Contributed by Mark Malinowski, produced with Avi Gilburt.“It’s the Energy between all things, a tension, a balance that binds all things.” Luke SkywalkerWho are these companies?Wheaton Precious Metals Corp. (NYSE:WPM) is a top tier Canada-based precious metals royalty streaming company and currently the fifth largest component of the VanEck Gold Miners ETF (GDX). Based on the share price as of May 15th, it has a current market capitalization of $22.9B (USD).
by Zac Mannes - 1 year ago

Early Warning Of TSLA's "Surprise"

See the chart on TSLA from yesterday in Stock Waves ahead of its earnings release and now.
by Zac Mannes - 2 years ago

Riding The Wave In Tech

Tech has been one of the strongest sectors in the last 3 months, which is exactly why we were pounding the table about it back in December.
by Zac Mannes - 2 years ago
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