Adam Hewison released a great video that touches on multiple timeframes, Fibonacci retracements (and current overhead resistance) and even the Elliott Wave Principle – all in a six-minute video! (clicking the chart opens Adam’s video page) Entitled “What’s Next for the S&P 500” Hewison begins by addressing current Fibonacci retracement resistance at 840 from the…
Adam Hewison released two action videos this morning to Market Club members and I wanted to share those with you (with permission) . First, Adam discusses Crude Oil and asks, “Is the Move in Crude Oil Over?” He runs through the analysis on the New Market Club chart software and notes key Fibonacci retracement levels…
I just updated the Editor’s Picks section for NewsFlashr Business Blogs and wanted to share my updates here with readers. What does it mean to sustain ‘engagement’ in the Markets? Dr. Steenbarger of TraderFeed addresses this question in his post “The Challenge of Market Engagement.” In addition, Dr. Steenbarger’s new book “The Trading Coach 101…
They’ve finally upgraded their charts! After a lengthy development phase, the Market Club service has upgraded their charting program and added some really interesting and amazing features. The charts are more interactive, more visually appealing, display multi-timeframe ‘trade triangle signals,’ display the rating “box” on the charts, and … the charts actually speak to you!…
Adam Hewison of Market Club released a video last night (that was precient on today’s move!) where he discusses the ‘rhythm’ of the S&P 500, Fibonacci resistance (as I’ve been describing), and the next likely move in both the S&P 500 and Crude Oil. (Clicking the image opens the free video page) Entitled “Two Markets…
I’ve been watching Crude Oil closely as many of you have, and I wanted to share a new video by Adam Hewison on the Crude Oil market entitled “Can the US Survive $80 Oil?” In a way, Hewison begs the question as to whether or not he sees a reversal up in Crude Oil (as…
Andrew Horowitz of the Disciplined Investor asked me to do a guest post for his readers on a basic introduction to Elliott Wave and to describe where the Wave Principle might be telling us we are within the 5-wave structure. Go over to Andrew’s site to see the full publication entitled “Where Are We in…
Might the US Dollar be the lesser of many evils? Adam Hewison tackles this question in his latest public video “The US Dollar and Japanese Yen (USD/JPY): What Does the Chart Show?” Hewison shows multiple timeframe views of the currency cross and shows some of the latest trade signals and chart patterns that have set-up…
Gary Kaltbaum wrote an article for TradingMarkets.com that I wanted to share with you and highlight some of the key quotes and main ideas. Entitled “The Market Remains Smarter than All,” Kaltbaum explains how calling a bottom – as most traders know but investors do not – in this market has been a fool’s game. …
How can we tie a post about Banks and Beer Sales together? Nate Silver of FiveThirtyEight.com posted two thought-provoking articles I wanted to share. First, in “Beer is No Longer Recession Proof,” Silver shows us a chart (copied below from FiveThirtyEight.com) that compares Quarterly Percent Changes in Alcohol Sales (adjusted for inflation) plotted against Real…