How to Find Trading Opportunities in ANY Market: Fibonacci Analysis

Posted on by The INO.com Team

By: Elliott Wave International

Elliott Wave International's Senior Analyst Jeffrey Kennedy is the editor of our Elliott Wave Trader's Classroom and one of our most popular instructors. Jeffrey's primary analytical method is the Elliott Wave Principle, but he also uses several other technical tools to supplement his analysis.

You can apply these methods across any market and any time frame.

Learn how you can get a free 14-page Fibonacci eBook at the end of this lesson.

The primary Fibonacci ratios that I use in identifying wave retracements are .236, .382, .500, .618 and .786. Some of you might say that .500 and .786 are not Fibonacci ratios; well, it's all in the math. If you divide the second month of Leonardo's rabbit example by the third month, the answer is .500, 1 divided by 2; .786 is simply the square root of .618.

There are many different Fibonacci ratios used to determine retracement levels. The most common are .382 and .618.

The accompanying charts also demonstrate the relevance of .236, .382, .500 .618 and .786. It's worth noting that Fibonacci retracements can be used on any time frame to identify potential reversal points. An important aspect to remember is that a Fibonacci retracement of a previous wave on a weekly chart is more significant than what you would find on a 60-minute chart. Continue reading "How to Find Trading Opportunities in ANY Market: Fibonacci Analysis" →

Weekly Futures Recap With Mike Seery

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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.

Gold Futures

Gold futures in the December contract continued their bearish trend down another $7 this afternoon in New York currently trading at 1,220 an ounce trading far below their 20 & 100 day moving average as I’ve been recommending a short position when gold prices broke 1,278 which was the 4 week low at the time and if you took that recommendation make sure you place your stop above the 10 day high as I think there’s a high probability that prices will retest December 31st 2013th low of 1,186 in the coming months. The U.S dollar continues to make new highs against the foreign currencies which is very pessimistic gold prices also due to the fact that the Federal Reserve is ending quantitative easing as there is very little bullish fundamental news as all the interest currently is in the S&P 500 which is hitting another all-time high so continue to play this to the downside and if you are not in this market on the short side sit on the sidelines and look for any rally to get short while placing your proper stop loss of 2% of your account balance on any given trade.
TREND: LOWER
CHART STRUCTURE: POOR Continue reading "Weekly Futures Recap With Mike Seery" →

6 Stocks On The Move

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Before I get into the six stocks and talk about them let's quickly discuss what's happening right now. The big news, of course, is the Alibaba IPO, here is what I do with IPO's. Unless you're lucky enough to get some of the initial stock the best thing to do is just to watch for a while and see how everything pans out. Just remember that perception is a strong driver of stock trends.

The other big news is the fact that Larry Ellison is stepping down from Oracle. Mr. Allison's exit from Oracle brings about a complete change in Silicon Valley. We no longer have Steve Jobs at Apple, Bill Gates at Microsoft. We're going to see some interesting transitions in all of these companies.

As far as Oracle Corporation (NYSE:ORCL) is concerned. The Trade Triangles are now all red indicating a lower trend and prices for Oracle.

The six stocks I'm going to be talking about in today's video will show that three are trending to the upside, and three are trending to the downside. Some of these stocks are setting up for the perfect weekend trade.

Here are the six stocks that I'm covering today: Continue reading "6 Stocks On The Move" →

Poll: Will you buy Alibaba stock?

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IPO day has finally arrived for the Chinese e-commerce giant Alibaba Group Holding. Alibaba Group Holding will trade on the NYSE using the symbol BABA. Alibaba's IPO debut has become a hot debate for the market. The demand for its shares has risen so much so that the bankers had to stop taking orders in some places recently.

That leads us to our poll question today....

Will you buy Alibaba stock?

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As always, we would love to hear what you thing about Alibaba Group Holding (NYSE:BABA).

Every Success,
Jeremy

A Peek Inside 3 Billionaires' Portfolios

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Today, I'm going to look at three of the biggest portfolio managers in the world and what they're holding in their portfolios. Each of these three billionaire investors have over half of their portfolios in just three stocks.

Warren Buffett

Everyone it seems has heard of Warren Buffett, the legendary investor from Omaha. I'll be looking at Mr. Buffett's Berkshire Hathaway holdings and his top three stocks and comparing them with the Trade Triangle signals.

Here are Mr. Buffett's (Berkshire Hathaway) top three holdings as of today: Continue reading "A Peek Inside 3 Billionaires' Portfolios" →