Chart to Watch - GBPUSD

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the GBPUSD Forex Pair (GBPUSD).

Today let's take a look at the GBPUSD, which is possibly setting up a good opportunity to go long.

The GBPUSD is probably making a Head and Shoulders bottom and if it breaks out above the Neckline that would be a very bullish sign that this pair is heading higher.

With Forex MarketClub uses the weekly Trade Triangle for trend direction and MarketClub uses the daily Trade Triangle for timing, so if the GBPUSD puts in a green daily Trade Triangle, we could consider going long.

The MACD is rising and if the GBPUSD continues higher, the MACD will move through the zero line. Continue reading "Chart to Watch - GBPUSD"

Chart to Watch - Sugar

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of May Sugar (SF.K13.E).

I hope you are having a GREAT week !

This week let's take a look at May Sugar.

Sugar looks to be making a Head and Shoulder base and a breakout to the upside would be bullish.

A Head and Shoulders pattern isn't a completed pattern until there is a neckline breakout. Continue reading "Chart to Watch - Sugar"

It's more important to the market than the Fiscal Cliff, the sequester and all the debts of Italy, Greece, Portugal and Spain combined

The drama of the Fiscal Cliff and the recent sequestration circus, plus the trials and tribulations of these four countries (which have run up huge deficits) have been well documented and known for quite some time. What is more important, in my opinion, is not the size of the debt which is staggering, but rather what is happening in the market and the market's perception of current events.

Market perception trumps everything else out there. Market perception trumps market fundamentals every time. Market perception is the one card that the government cannot control. It is the card that can potentially give the individual trader an edge.

So what is market perception? Well, have you ever noticed that when some big world event happens, or a new "hot" IPO hits the markets (remember FaceBook, Zynga and Groupon?), traders expect that market to go in the talked about direction and typically it does. What doesn't get talked about is how the market then corrects itself and the technicals really come into play.
Continue reading "It's more important to the market than the Fiscal Cliff, the sequester and all the debts of Italy, Greece, Portugal and Spain combined"

Chart to Watch - SPPI

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Spectrum Pharmaceuticals, Inc. (SPPI).

As always I hope you are having a GREAT week !

This week let's take a look the MarketClub chart of SPPI.

SPPI made a new price low on a bullish MACD divergence, which is the way trading lows often happen. Continue reading "Chart to Watch - SPPI"

Chart to Watch - JMBA

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Jamba Inc. (JMBA).

I hope you are having a GREAT week!

This week let's take a look at a low priced stock that looks to have explosive upside potential.

All three MarketClub Trade Triangles Daily, Weekly, and Monthly are pointing up, which means all systems are GO for JMBA as of right now as far as the MarketClub Trade Triangles are concerned.

JMBA has been in a clear up trend and has hit a resistance area.

If JMBA breaks through resistance that will be extremely bullish price action, especially if the move through resistance happens on higher than normal volume, so please keep an eye on the volume, if JMBA continues higher. Continue reading "Chart to Watch - JMBA"