We remain alert to potential developing issues at Bank of America #$BAC, especially as bond yields rise, meaning portfolio losses. The share price continues to underperform, and the stock has again been rejected by the old 2006 peak. Don't be surprised if negative news emerges.

The list of stock market leaders is so thin that the S&P just made a new all-time high with 5% of its components making new 52-week lows! @jasongoepfert reports that this has happened only four times in U.S. stock market history: July 1929 January 1973 December 1999 and May 2026.

In Jan. 2025 Murray Gunn identified two major technical resistance levels converging at the same time: ✔️ the upper Elliott channel boundary ✔️ the 61.8% Fibonacci retracement Within days, the U.S. Dollar Index topped and then reversed sharply lower - near $95. Get a forecast: tinyurl.com/544tbp2p

The current issue of GMP isolates 18 markets that are either starting 3rd waves now. Check out this example of the S&P ASX All Ordinaries Gold Index and VanEck Gold Miners ETF. For a limited time, try 1 month of Global Market Perspective for just $17. offer ends May 22. tinyurl.com/msja5fcf

After the 1929 crash, R. N. Elliott uncovered a striking reality: Markets move in repeating wave patterns driven by collective human behavior. Those patterns repeat across decades because human nature doesn’t change. Get a FREE digital copy of Elliott Wave Principle: tinyurl.com/mr6m3vt5

“Sell in May” sounds like an old market superstition. But 300+ years of data suggest otherwise. A long-term study found average winter stock returns far outpaced summer returns — and the S&P 500 has shown the same tendency over time. Get free market insights - www.elliottwave.com/join/?utm_so...

Three out of the past four days have seen the S&P make new all-time highs attended by negative breadth. Wave patterns tell the full story. Stay alert.

62. As in 62 consecutive months with US inflation above the Fed's 2% target. The Fed lost all credibility when it comes to fighting inflation. - Charlie Bilello

Financial stocks are unimpressed by the new freedoms. www.youtube.com/shorts/cuHqj...

Can you recognize a breakout? Before $AUDJPY surged higher, Elliott wave analysis identified: • A completed zigzag correction • An ending diagonal pattern • A breakout from the corrective channel What happened next? A rally above $114! Stay ahead of forex moves. tinyurl.com/3yrk3xmh

An 835% single-day surge in a stock that had already lost nearly all its value? This interview with EWI's Chief Market Analyst Steven Hochberg breaks down the NewBird AI frenzy -and what it reveals about the current psychological environment in markets. Read it now: tinyurl.com/24wxrs2x

Geopolitics and financial realities are driving the de-dollarization trend, and it is not surprising that developing nations in particular have reduced their holdings of U.S. Treasuries in recent years. See the charts that are flashing warning signs now: tinyurl.com/jjjtev3s

The rally is narrowing. While the S&P 500 continues to advance, the cumulative advance-decline line peaked on April 20 and has been trending lower — signaling weakening participation during the current wave. Friday’s data reinforced the divergence, with more decliners than advancers.

"🚨 THIS IS THE SCARIEST CHART ON WALL STREET. S&P 500 VS M2 JUST HIT DOT-COM BUBBLE LEVELS. LAST TIME THIS HAPPENED, TRILLIONS WERE WIPED OUT..." -Rekt Fencer We're seeing more warning signs each day. Here are 18 charts you should be watching now: tinyurl.com/7zysmzsp

🚨THIS IS A CRAZY MARKET: The ratio of up-day realized volatility to down-day realized volatility on the Nasdaq 100 has surged to 7x, the highest EVER. -Global Markets Investor

"Look, I know none of this stuff matters anymore. But my G*d. This will be the 4th time the S&P 500 #$SPY has hit a record high while 5% of its members fall to 52-week lows." -Jason Geopfert

One sentiment gauge just flashed a notable signal. The 10-day put/call ratio fell to its lowest level in more than 4 years... and has now turned higher. Historically, a turn higher in the 10-day ratio happens near market turning points. Free - see 18 charts flashing red now: tinyurl.com/4tjbr2kb

Defense stocks taking a dive? What about the war in Iran? www.youtube.com/shorts/fi_t_...

"Oil prices drop on reports that the U.S. and Iran are close on a deal..." Energy Pro Services on May 4 @ 9:04 am: "A deeper, more time-consuming corrective pullback seems likely..." Don't wait on after-the-move news, see what Elliott waves can do for your trading. tinyurl.com/6uyru6bj

Trend reversal in the transports! www.youtube.com/shorts/I0Nrn...

#$CRB bottomed in 2020 and hasn't looked back. In March 2021, Robert Prechter outlined two paths for commodities. Both pointed much higher. "Prices on goods initially rise in wave b or x, as many people maintain purchasing power." Commodities followed the forecast, whats next? tinyurl.com/bdexnvfm

Back in 2023, Elliott wave analysis pointed to a potential breakout in gold. "The gold price has been drifting sideways since 2020, but our Elliott wave analysis shows that could be about to change dramatically." Gold nearly tripled afterward. Stay ahead of golds next moves: tinyurl.com/3mvm32hk

Behind the “Sprawling Tops” in Europe’s Stock Markets. www.youtube.com/watch?v=2Juw...

Consumer anxiety is spiking. There is a disconnect between the way people are feeling about their paycheck and their investment returns. At the same time: Job satisfaction = all-time lows Promotion expectations = weakest on record. Get free market insights. tinyurl.com/59swy8fm

US private sector financial assets = 6.7x GDP. Above 2021 highs, higher than the 2000 top, and more than double the 1970s low. When financial markets outgrow the real economy, imbalances follow — so do consequences. The most dangerous market in history? Read this free report: tinyurl.com/3fukcwhn

The SOX just made history. 18 consecutive up days - the longest winning streak in the index’s history. Semiconductors often lead both investor sentiment and economic trends. Read the May Financial Forecast to get a read on what's next for stocks, gold, the economy and more: tinyurl.com/y33hkr27

Consumer sentiment is near historic lows. Stocks are near historic highs. That divergence is hard to ignore. In fact, U.S. consumer sentiment is now lower than it was at the depths of the 2008 financial crisis. Get free market insights from our team of expert analysts - tinyurl.com/2mxyzm7m

#$CRCL dropped 37%! On March 10, our Crypto Pro Service spotted this setup in #CRCL - suggesting the crypto was headed lower: "“An impulse wave ((i)) is complete at 136.64, and CRCL will move lower in wave ((ii)).” Learn how can keep help you catch trade setups in cryptos: tinyurl.com/2ss3fzwd

How to spot Elliott Wave extensions. Learn how to catch and ride trade setups with this limited-time offer to get 30 days of lessons for just $30: tinyurl.com/2p59ajju www.youtube.com/watch?v=WPlF...

Bank of Japan trying to save the Yen again 🚨🚨

Another challenge for you Elliott wavers! Take a shot at labeling this price chart of #$POOL . Learn how to catch and ride trade setups with this limited-time offer to get 30 days of lessons for just $30: tinyurl.com/wvza6kf5

‘Virtually all long-term valuations are at or very close to their record highs.’ blinks.bloomberg.com/news/stories...

In 2021, Chinese property prices were among the highest in the world. To many, it looked like strength. To Elliott Wave analysts, it looked like risk. What followed? A collapse that erased decades of gains. What's next? The May Global Market Perspective has answers. tinyurl.com/ypru9wx5

The Dow Jones Transportation Average swung from +800 points to -2010 (-8.4%) in a sharp reversal. 20 stocks comprise the Dow Transportation Average, 19 closed the day lower, signaling a broader trend shift. Track this trend change as it develops. tinyurl.com/m59zezk4

🧵 Was the AI Stock Rally Done? Three-wave declines said no. On April 6, Elliott wave instructor Tony Carrion examined the wave structure in the Semiconductor ETF (SMH), Nvidia and Broadcom, Tony argued the declines appeared corrective. His conclusion: higher highs were still likely ahead.

In Jan. 2025, APO had just completed what appeared to be a classic Elliott wave impulse pattern. Murray Gunn flagged it as “a chart to watch in 2025.” What happened next? APO fell roughly 33%. Could the recent rally signal strength in private credit? tinyurl.com/59fpdw8c

Semiconductor are now 14% of the market, nearly double the dot-com peak. -Hedgeye

Mass Panic at Nvidia headquarters after Jim Cramer says #$NVDA sellers have disappeared 🚨🚨🚨

"What if every piece of data that was ever available on the internet about every single U.S. citizen was also instantly accessible to the Federal government ... secretly, without a warrant, and with no way of opting out?" Feel like you're being watched? tinyurl.com/yavbn5jz

How would you label this Adobe #$ADBE chart? Get 30 days of trading lessons for just $30 - Ends May 1: tinyurl.com/3mxz2urc

🚨 A 16% drop in 3 days… warning sign? The failure of the Dow Jones Industrial’s to accompany the Dow Transportation Average is a classic Dow-Theory non-confirmation signal. Stay alert with fresh insights from Elliott wave experts! tinyurl.com/2udjzy4j

The most explosive rallies tend to unfold during impulsive waves. Check out this #$SPX forecast from our Stocks Pro Service: "If this count is right there will be a sizable advance next week." From that April 2 low, The S&P 500 surged to 7123.76 - roughly +8.8%. tinyurl.com/29tncfyy

There's a crisis in private credit. The top panel in the chart shows the price of the Virtus Private Credit Strategy ETF (#$VPC) and the lower panel shows its relative strength versus junk bonds. Private credit started to swoon in 2022 and by the start of 2025 it was very clear the trend was down.

Trading is stressful. Tips. Rumors. Media noise. Market surprises. We get it. You CAN make it easier on yourself. Get 30 days of trading lessons for just $30! Improve your trading today! tinyurl.com/ynf7yp4k

Is Big Brother watching you? Of course not. Bigger brother is -- or at least, he’s trying to. This month, we address the growing concern that our federal government is spying on us. Plus, why the 1960s weren’t all about peace, love and happiness. Read the Issue NOW! tinyurl.com/zy5szkkt

If the world were on the brink of nuclear war in March, nobody told the American consumer as retail sales expanded by 4.2% in March, up from 3.7% in February. Digital products were the leading category, so maybe everyone was hiding away with Netflix and Prime Video to distract their attention.

On March 20, Intraday Currencies Pro Services identified the end of a contracting Elliott wave triangle formed in wave (iv) and ending at 182.05. Triangles reflect a are usually associated with decreasing volume and volatility. They most often appear just before the final move in the trend.