Using Elliott Waves: As Simple As A-B-C

Posted on by The INO.com Team

By: Elliott Wave International

When Ralph Nelson Elliott discovered the Wave Principle nearly 70 years ago, he explained how social (or crowd) behavior trends and reverses in recognizable patterns. You can learn to identify these patterns as they unfold in the financial markets, and use them to help anticipate where prices will go next. Elliott Wave International has developed a free comprehensive online course -- The Elliott Wave Tutorial: 10 Lessons on the Wave Principle -- which describes these patterns and explains how they relate to one another.

To use the Wave Principle as you analyze the markets, you need a basic understanding of the Elliott method -- the rules and guidelines, the literal shape of individual waves, even when the larger trend may turn.

To get you started, we've included an excerpt from the free Elliott Wave Tutorial, adapted from Elliott Wave Principle by Frost and Prechter, and a short video clip from the live presentation, Tips from a Pro.

Here is your quick lesson excerpted from The Elliott Wave Tutorial: Continue reading "Using Elliott Waves: As Simple As A-B-C" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Copper Futures

Copper futures in the December contract settled last Friday in New York at 216.80 a pound while currently trading lower once again at 2.0530 finishing down over 1100 points for the trading week as I’ve been recommending a short position from the 2.31/2.32 level and if you took that trade continue to place your stop loss above the 10 day high which currently stands at 2.2420 as the chart structure will start to improve on a daily basis. Copper prices have absolutely collapsed finishing down 12 of the last 13 trading sessions trading far below its 20 and 100 day moving average hitting a 6 year low as I think prices will crack 2.00 in next week’s trade as there is very little demand for this commodity at the current time so remain short and accept the risk parameter’s. Continue reading "Weekly Futures Recap With Mike Seery" →

12 Stocks Making New 52-week Highs

Posted on by The INO.com Team

One thing I like to look at are strong trending stocks and nothing indicates a strong trending stock better than new 52-week highs.

If you didn't already know this, there is an easy way to find stocks that are making 52-highs using MarketClub's Smart Scan Technology. You can find stocks in US, Canadian, and Australian markets and have the option of filtering and looking for just certain stocks that meet your criteria.

For my purposes today, I looked at stocks that traded at $20 a share or higher, had a daily trading volume of 2 million shares or higher, and I just scanned US exchanges.

Here's a list of the 12 stocks that met the criteria I set up: Continue reading "12 Stocks Making New 52-week Highs" →

The S&P Could Go Higher Or Lower From Here, But Here's The Trade!

Posted on by The INO.com Team

Todd Gordon of TradingAnalysis.com takes a look at the SPY in today's market analysis.

The S&P 500 tracking stock SPY failed against Fibonacci resistance as expected and has bounced back into wave II resistance. We are net long in our portfolios, but seriously considering exiting and taking a low risk short against wave and Fib resistance. In the end, you can't know for sure what the future holds, only choose the most likely path with the lowest risk.

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Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Can Earnings Be Predicted?

Posted on by The INO.com Team

Today, I'm going analyze three stocks that are releasing their earnings after the close today. I'm going to see if I can determine where the stock is headed after earnings.

I'll be using the Trade Triangle technology to help me analyze the direction of the market in a very methodical way, all before the companies report their earnings.

Here is what the experts are estimating for earnings for each of the three companies. Autodesk Inc. (NASDAQ:ADSK) estimated to earn .08 cents a share. The Fresh Market Inc. (NASDAQ:TFM) estimated to earn .22 cents a share and The Gap Inc. (NYSE:GPS) estimated to earn .63 cents a share. The earnings are a consensus view of many analysts that track these stocks. Continue reading "Can Earnings Be Predicted?" →