Investment Capitalist

Fear and risk aversion are creeping back into the market. Will this be an acute development or something with longer duration? Data coming in very discouraging. March ADP employment figures were a disaster with over 50% of the losses coming from the service sector.

It looks like most promising equity market is China. The Shanghai Composite is in the advanced stages of completing a tradable base:

For all you POT lovers (MOS, AGU, IPI as well):

If you trade DRYS, or any of the other shipping stocks:

NOTE: All Elliot Wave work done by Tony Caldaro at the Elliot Wave lives on blog