Articles for: ProfitSource

The current market conditions and volatility are causing a huge amount of consternation amongst investors and traders around the globe.

This newsletter goes to a wide readership, and traders of all levels of ability follow these articles. I aim to write information that will suit people at these different levels.

Although picking short term moves is not a walk in the park at the moment, the medium term Elliott outlook is less difficult and in fact shaping up to be a classic Elliott set up.

In most of my articles I tend to focus upon current market action and draw the reader’s attention to a stock, commodity or other instrument which is likely to offer profits.

Well the markets have faltered at the altar of the 50% retracement level – well and truly.  I think we can say that the 1.4% fall last week and the solid 4.5% for this week - as at the time of writing (Thursday) - is a significant retreat:

Considering your recent article , don’t you think that we are at a very strong resistance level of 50 % retracement of the total fall and the current up move is about to finish as we are very near to the time by degrees date as well

Trading a break of a trend line is one of the oldest technical trading methods around. Like all trading signals, it has its share of false breaks. However, there are a few simple methods to help weed out these false signals.

The last few years have seen Exchange Traded Funds or ETFs, become exceptionally popular, especially in the United States. This popularity is well justified as ETFs offer an easy way of gaining exposure to stock groups and commodities.