Monthly Archives: August 2010
USD/CAD is creating energy for a move…
| August 25, 2010 | Posted by admin under Forex Technicals, Stock Market Analysis, Swing Trading Ideas |
The USD/CAD is in a long term range with the rate currently edging towards the upper band. Ranges can last a long time, yet going back over the last 10 years we have not seen a range hold for much longer than this one has. The range is by no means perfectly defined, yet prices…
The Hindenburg Omen — Omen-ous or Not?
| August 25, 2010 | Posted by admin under Food for Thought, Stock Market Analysis, Swing Trading Ideas |
The Hindenburg Omen — Omen-ous or Not? Elliott Wave International Chief Market Analyst Steve Hochberg Sheds Light on a Feared Technical Indicator August 24, 2010 By Elliott Wave International On Aug. 12, volatile market action coincided with a technical signal called the Hindenburg Omen, whereby a relatively high number of new highs and lows in…
Weak Morning for Stocks, Major Levels in Play
| August 24, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
About a week ago I mentioned Fedex (FDX) in the post here: http://vantagepointtrading.com/archives/3717 It talked about how FDX can be used as a confirmation indicator for trends. The level in the question was the gap which FDX saw in July – early this morning that gap was filled but has since pulled higher, showing some…
Efficient Market Hypothesis: R.I.P.
| August 21, 2010 | Posted by admin under Intro to Trading, Stock Market Analysis, Techncial Analysis Tutorials |
Efficient Market Hypothesis: R.I.P. (August 19, 2010) By Elliott Wave International Of all the belief systems of Wall Street, few can claim the devoted following of the Efficient Market Hypothesis, the idea that stock prices adhere to the same laws of supply-and-demand that govern retail products. Once coined the theoretical “Parthenon” of economics, this notion…
Use the same trading principles that major banks and hedge fund managers use everyday to make millions!
| August 20, 2010 | Posted by admin under Intro to Trading, Stock Market Analysis, Techncial Analysis Tutorials |
Get Adam Hewison’s eBook version of “RIGHT ON THE MONEY: The definitive guide to forecasting foreign exchange rates,” for FREE! Learn the same trading principles that major banks and hedge fund managers use every day to make millions. “Stocks and Commodities Magazine” reviewed his book and called it “a killer product”. Leo Melamed, credited with…
Watch Fedex for Confirmation of Renewed Downtrend
| August 20, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The DJIA closed Thursday at 10,271.21, down 1.39% . The Dow does have almost 600 points to drop before it confirms a downtrend – 9,620. Although, a drop below 10,000 is the early (less viable) signal. The S&P 500 is very close to a prior low, and a drop below it indicates broad…
Longer-term view of the EUR/USD using Fibonacci levels
| August 18, 2010 | Posted by admin under Intro to Trading, Stock Market Analysis, Swing Trading Ideas, Techncial Analysis Tutorials |
This article will focus more on potential ways to analyze the market, than the market itself. Using several tools can help us gauge the market, also determine where it is likely to go. The EUR/USD has been in an uptrend since May and has so far seen two corrections and two waves higher on the daily…
Slicing the Neckline: A Classic Technical Pattern Agrees with the Elliott Wave Count
| August 18, 2010 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
By Elliott Wave International (August 17, 2010) In the August issue of his Elliott Wave Theorist, market forecaster Robert Prechter alerted readers that the U.S. stock market was slicing the neckline of a classic head-and-shoulders pattern in technical analysis, and that this may send the market into critical condition. Prechter said that when the Elliott wave…
The shine comes back to the gold market
| August 18, 2010 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
We have had a number of folks on our blog asking us about upside targets in the gold market. Hopefully this short two minute video will answer those questions. Our “Trade Triangle” technology flashed a buy signal on gold at $1,210.52 on August 12. Since that time the gold market has rallied some $15. I…
EUR/USD – Day Trading Update
| August 17, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
Posts have not been as frequent during the week for forex day trading analyses lately, but after a another day of down right belligerent volume on the stock market, I thought I would pay homage to our liquid friend the EUR/USD. Early trading this week saw the Euro move off the lows of the hurtful experience it…
Complimentary 32-page Trading eBook – Learn a powerful ‘Ready, Aim, Fire’ approach to trading
| August 14, 2010 | Posted by admin under Intro to Trading, Stock Market Analysis, Techncial Analysis Tutorials |
————————————– Free Trading eBook from Elliott Wave International: Get practical and actionable trading lessons from an experienced trader and trading instructor (details below). Learn more. ————————————— Since 1999, Elliott Wave International senior analyst and trading instructor Jeffrey Kennedy has produced dozens of Trader’s Classroom lessons exclusively for his subscribers. While commodity markets are known as some…
Tough week for the Euro – a 526 pip decline
| August 14, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
From the close last Friday at 1.3275 to the close this week at 1.2749 the Euro lost 526 pip vs. the USD. The range for the week, covered a distance of 558 pips indicating strong selling all week as the pair nearly opened on its weekly high and closed on its low. As mentioned in…
How a Japanese Chart Formation Could DOOM the DOW
| August 13, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
It’s déjà vu all over again”. Is one of Yogi Berra’s famous original quotes and the same can be said for the DOW right now. The weekly chart on the DOW is flashing the same Japanese candlestick signal that it had earlier in April of this year. Back then the DOW dropped from 11,200 to 9,700 in the…
Is the NASDAQ repeating itself?
| August 13, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
I just finished a short video in which I discovered an eerily similar pattern in the NASDAQ. If the pattern repeats then it certainly is going to be a rough third and fourth-quarter for most investors. In this short three minute video I give you exact points and the formation that I’ve seen that could…
The S&P, Russell and Dow Divergence….Uh oh
| August 11, 2010 | Posted by admin under Food for Thought, Stock Market Analysis |
Through most of this rally – my current analysis period is showing from May, 2009 onwards – the Russell 2000 index ETF (IWM) has confirmed the movements of SPY and DIA (the S&P 500 and Dow Jones Industrial Avg. ETFs respectively). IWM was down 1.88% today while SPY was only down 0.54%. Now, in one…
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