Fundamental Analysis or Technical Analysis
Today’s guest post is from our friends at the Benzinga News Desk. Today they are going to ponder the age old question of fundamental or technical analysis and discuss the Elliot Wave Principle. Be sure to comment below with your own thoughts and learn more about the Benzinga News Desk here.
Investors and traders have been arguing for the longest time about which overarching strategy is king: fundamental analysis or technical analysis. Long-term investors believe that technical analysis is trash and nothing more than lucky betting, while short-term traders think that fundamental aspects of companies and economies do not matter for short-term price movement. Read more
Advanced Trading Applications of Candlestick Charting
Candlesticks; used by many…truly understood by few. As a special treat to Trader’s Blog readers, Gary Wagner is offering you an in-depth look into candlestick charting. Join co-founder of Wagner Financial Group. and acclaimed author as he walks you through set ups in ways you can take your candlestick charting to a new level.
In this video workshop you’ll discover the crucial chart patterns that candlesticks reveal – how to interpret them and how to use them to pinpoint market turns. You’ll also learn how to use candlesticks in combination with familiar technical indicators like Stochastics, %R, Relative Strength Index and Moving Averages to create a dynamic, synergistic and extremely successful trading system.
WATCH NOW: Advanced Trading Applications of Candlestick Charting
Best,
The MarketClub Team
POLL: “Stock,” Drop, and Roll..
I don’t think anyone was surprised to see that America’s unemployment rate has hit new highs last month (since last September). What may have surprised some, though, was the almost immediate drop in stocks that followed. Here is a statistical chart posted by CNN Money…
So, what we want to know is…
Loading ...As always, we would love to hear your thoughts on this current situation or even where you think things may go from here. Be sure to share in our comments section!
Best,
The MarketClub Team
MarketClub TV for 7/6/11
Filed under: General, MarketClub Techniques, Tips & Talk, Trading Videos
Did you miss last night’s episode of MarketClub TV? Watch it now to get your market reviews for today!
Best,
The MarketClub Team
Why Favor the Stock Market?
Guy Cohen is the creator of The Private Traders Club, Flag-Trader, The OVI Index and OptionEasy. He is also the author of the best-selling trading books “Options Made Easy”, “The Bible of Options Strategies” and “Volatile Markets Made Easy” (FT Prentice Hall). Guy specializes in stock market trading and he has created numerous online applications for stocks and options traders, with his hallmark being his user-friendly approach and liberal use of illustrations. His clients include NYSE Euronext, The International Securities Exchange (ISE) and FT Prentice Hall. To see what Guy is working on now, click here!
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Why I Favor the Stock Market
Alright, I admit it … I’m a stock market fan! Not Forex, not commodities … the stock market is where it’s at.
Make no mistake about it, more personal fortunes have been made in stocks than any other investment vehicle out there. That is a fact. Forex and commodities are highly specialized and the failure rate for amateur traders is higher in those markets than with stocks. As you would expect, the success rate with stocks is far higher than with Forex or commodities trading.
So with that in mind, let me explain why … Read more
Happy Independence Day, America!
MarketClub wishes all of our fellow Americans a happy 4th of July.
Our offices are closed today, out of respect and celebration, but we
will be back on schedule tomorrow. In the meantime, feel free to
email us at support@ino.com.
Be Safe,
The MarketClub Team
POLL: Who saw this coming?!
Did anyone see this week’s reversal coming?! After about 6 straight weeks of a downtrend, the DOW alone went up 600 points!
Loading ...Contest Winners…Trillionaires…and the smartest men in the universe!
Congratulations to our contest winners in their close predictions of the DJI and DX closing positions ending QE2 on June 30th, 2011.
Here is a little bit about our winners:
Andrew G.from PA- Winning guess for the DX: 74.377
We asked Andrew to tell us a little bit about himself and this is what he shared:
“I am a happily married 55 year old. We have two sons, one 24 and the other 22. Both graduated recently from UPenn, My oldest son is a bio-engineer, working at a medical device company, the younger one a Wharton graduate working in the financial field. I consider myself a long time student of the market and primarily, a long term investor. Having said that, over the last few years, I have concentrated my efforts on the charts, and technicals, believing that they play an exponentially larger role in the shorter term direction market. That it why I religiously follow the Market Club. It is one of the best top-grade tools for traders and helps to provide great insight as to where we go from here. It has been a great help with my shorter term trading strategies, as I continue to seek more consistency with both intraday and swing trading.”
Our other winner is:
John Hoffman from FL- Winning guess for the DJI: 12,432.39
Here is what John told us about himself:
“I am semi-retired and up until about two years ago I was helping a friend manage the administrative duties of his hedge fund (now closed). I am currently trading in my own accounts.”
All of us here at MarketClub would like to thank everyone for their participation in this fun-spirited contest…hopefully we can get another one together soon!
Congratulations again John and Andrew, enjoy your new Wi-Fi tablets!
Best,
The MarketClub Team
Prevent Early Exits
Shaun Downey is a technical analyst with CQG in London and a contributor for SFO Magazine. Shaun has been in the financial business since 1979 and has held a variety of trading and head of trading positions for firms including Rudolf Wolff, Fulton Prebon and AFP. If you enjoy this post on how to prevent early exits, please click here for a complimentary subscription to SFO Magazine.
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A common practice when using trailing stops, (beyond money management techniques) is to use popular indicators such as the parabolic, ADX, moving averages or volatility stop.
While these methods do have merits, a recurrent flaw is their inability to prevent a premature trade exit when a market’s corrective phase begins The same thing can occur when traders rely on calculations of a prior range to achieve a more dynamic type of trailing stop. Read more
The Bullish Markets
Here is your 1p.m. update for Thursday, June 30th. Today Susan reviews the very bullish market that we seem to be trading in this week. Susan also gives you some pointers on how to follow the “52-week new highs on Friday rule.” If you have forgotten what those rules are, we have posted them here as a refresher. Watch today’s update now!
These are the only three rules you need to trade with “The 52-week new highs on a Friday rule” successfully.
- On a new 52-week high, when the market closes at or close to its high on a Friday, buy long and go home long for the weekend.
- Exit the long position on the opening of the following Tuesday.
- If the market opens sharply lower on Monday, exit the position immediately.
“The 52-week new highs on a Friday rule” works extremely well in futures and in the Forex markets. This rule can be reversed for “The 52-week new lows on a Friday rule” if you are so inclined to trade the short side of the market. The same rules apply.
So, there you have it!
Did we miss a symbol you would like current analysis on? Get current analysis on over 230 symbols emailed to you for free!
Best,
The MarketClub Team
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