Articles for: ProfitSource

The last few months have been interesting to say the least. Some got it right from day one – they piled into the share market on March 6 whilst others have dabbled along the way.

I am often asked what set up do I typically look at for a ‘buy’. I am a sworn Elliott devotee and so that is always core to my stock selection.

Accepted truths are an interesting concept, especially in the stock market. In February this year, the fact that banks, the stock market and the economy were all falling apart was an accepted truth.

The Australian Dollar is powering onwards and upwards and once again talk is turning to the word “parity”.

It’s been a good few weeks in the markets for HUBB clients. During the September Trading key session 2, we focused on picking a couple of Elliott Wave 4 trades using our simple checklist.

This week I wanted to touch on an old favourite of mine - the U.S Dollar/Japanese Yen currency pair.

Each trading day I go through my routine of checking my charts and checking my markets and today is no exception.

In my last article I noted that we could be approaching technical resistance in the S&P 500 and that I am paring back my long positions as individual charts begin to show weakness.

I rarely like to write in hindsight for obvious reasons – it is always easy to see things after the event.

I was interested in the comments made last week by a senior bureaucrat about the prospect of a second recession wave in the GFC – global finance crisis.