Category: General

This Pioneering Chart Pattern Is Still One Of The Best

Posted on by admin

By: Amber Hestla, Michael J. Carr

The head-and-shoulders (HS) top is one of the best-known patterns in technical analysis. This pattern was first written about in 1930 by a financial editor at Forbes magazine who described how the HS forms and how it can be traded.

Many readers are familiar with the HS pattern. On a price chart, there will be three peaks in price at the end of the uptrend, with the center peak (the head) being higher than the other two. The peaks on the sides (the shoulders) should be about equal in height. Continue reading "This Pioneering Chart Pattern Is Still One Of The Best" →

Apple and China Mobile - YES!

Posted on by The INO.com Team

One of the stocks I track on regular basis is Apple (NASDAQ:AAPL) and yesterday the market action in that stock was quite remarkable. From the opening bell, there was an unusual amount of buying that continued throughout the day creating the highest volume day in this stock in over 20 days. This is highly unusual just before a holiday when volumes tend to fall off. This is a wake up call and leads to speculation that the insiders know something that is not public knowledge and will be positive for Apple.

I was digging around on the Internet yesterday evening and noticed that next month, December, China Mobile is going to be launching a brand new mobile service. This immediately got me thinking about an iPhone deal. I believe that this deal is going to occur and that will open up Apple to a huge market base of over 750 million people who subscribe to the China Mobile service. Continue reading "Apple and China Mobile - YES!" →

Janet Yellen Is Close to Making History in Two Ways

Posted on by The INO.com Team

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" →

Is This a Bubble About to Pop or a New Bull Market?

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By: Michael J. Carr of Street Authroity

The SP 500 has now closed higher seven weeks in a row. We need to consider the possibility that we are at the start of another bull market.

​Stocks Are Bullish, but Not Bubbly

After gaining 0.42% last week, SPDR SP 500 (NYSE: SPY) is now up seven weeks in a row. While that gain may seem small, it is actually more than three times larger than the typical one-week gain in SPY. Since January 2001, the ETF has delivered an average one-week gain of 0.12%. Continue reading "Is This a Bubble About to Pop or a New Bull Market?" →

Gold Chart of The Week

Posted on by The INO.com Team

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" →