Janet Yellen Is Close to Making History in Two Ways

By Elliott Wave International

Janet Yellen just moved closer to her place in history when the Senate Banking Committee approved her nomination to lead the Federal Reserve. The full Senate is expected to confirm. If so, she will be the first chairwoman in the central bank's 100 year history.

But when her term concludes, gender may be secondary to the narrative about her time at the helm. The larger focus could be that Yellen was at the helm of economic disaster.

Here's what Robert Prechter said in the October Elliott Wave Theorist: Continue reading "Janet Yellen Is Close to Making History in Two Ways"

What's Ahead For Gold In 2014?

Today, I'm going to analyze the gold market and in particular the spot gold market, which really drives everything in gold trading.

In 2013, gold turned out to be a real loser for the gold bulls, dropping some 20+ percent on the year and the year is not over with. While equities soared, the gold markets swooned and didn't receive any love from anyone. In fact, many of the big players like Soros, John Paulson and other large hedge fund managers began dumping their GLD ETF holdings just recently, as they too have had enough of the yellow metal's antics. All of this weighed heavily on the price of gold.

Continue reading "What's Ahead For Gold In 2014?"

It's The Market Nobody Loves

Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Monday, the 25th of November.

As we start off this shortened Thanksgiving trading week, the bulls have a lot to be thankful for. This has been a very profitable year for trading stocks from the long side.

It would appear as though a great many well-known money managers have missed being fully invested during the stock market's latest move for one reason or another. Are these same money managers going to jump into the market before year's end? And if they do, is that going to improve their returns for their funds? So will they or won't they jump into a market that nobody loves? Continue reading "It's The Market Nobody Loves"

Gold Chart of The Week

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (November 25th through November 29th)

New highs were seen in US equities last week as investors continue to bank on the FED maintaining their participation, at least until the end of the year.

Due to the shortened Holiday week in the US, we expect lighter volume across the board in the futures markets. Anyone that has traded Holiday markets over the years knows that low volume trading can either bore a trader to tears, or leave markets vulnerable to volatile, directional movement. Being aware of the potential for either scenario is important this week, and making arrangements for either is smart. Continue reading "Gold Chart of The Week"

Spot High-Confidence Trading Opportunities Using Moving Averages

By Elliott Wave International

The moving average is a technical indicator which has stood the test of time. It's been 27 years since Robert Prechter described this vital tool in his famous essay, "What a Trader Really Needs to be Successful." What he said then remains true today: Continue reading "Spot High-Confidence Trading Opportunities Using Moving Averages"