Tips on Trading Penny StocksCopyright © 2014 ThePennyStockProphetA Few Tips On Trading Penny Stock Fortunes There is a lot of allure in Penny Stock Fortunes, and this makes a lot of sense when you look at it critically. There are many people who have made a lot of money out of stocks in the past. However, the fact that […]
Price moved slightly higher to 2.28 above the previous target of 1,330, before turning downwards. Tuesday’s session has produced a clear red candlestick on the daily chart which is significant.This analysis is published about 02:35 p.m. EST.The wave count remains the same.Summary: I expect there has been a trend change at 1,332.28. Overall price should continue lower for about seven […]
Technical Tuesday: How to Detect Stock Market Topsby Chris Rowe, Director of Investor Education, The Oxford ClubTuesday, February 18, 2014: Issue #2231As I noted last week, bull market tops are often characterized by a breakdown of the sector that had led the market higher (like tech stocks in 2000 or financial stocks in 2007).Another clue in our hunt for the […]
Morning technical analysis – 14 February 2014February 14, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is continuing its push higher this morning but as with the Tuesday and yesterday, the pair is running into strong resistance around 1.37. This happens to coincide roughly with the 50 fib level, 27 December highs to 3 February lows, which the pair has […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereGold markets went back and forth during the session on Wednesday, but found enough resistance of the $1300 level to pull back and form a relatively neutral candle. This being the case, the market looks like it’s a “buy on the dips” type of market, […]
Morning technical analysis – 11 February 2014February 11, 2014 by Craig Erlam in Technical analysisEURUSDThe outlook for this pair hasn’t changed much since yesterday, having failed to close above the 50-day SMA. It did close marginally above the 61.8 fib level yesterday and has made further attempts to break higher this morning, which makes it look a little more bullish, […]
Morning technical analysis – 10 February 2014February 10, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is looking a little more bullish against the dollar this morning, although it is still very much in a short-term downtrend as it stands. Last week was quite bullish for the pair, as you can see on the weekly, with it having produced an […]
Morning technical analysis – 6 February 2014February 6, 2014 by Craig Erlam in Technical analysisEURUSDThe euro is trading relatively flat against the dollar ahead of the key ECB decision this afternoon. This has actually been the case over the last couple of days leaving the pair in a consolidation phase and unlikely to break out before the rate decision and […]
Morning technical analysis – 24 January 2014January 24, 2014 by Craig Erlam in Technical analysisEURUSDThe euro had a very good day against the dollar yesterday, ending the session almost 150 pips up on the day and leaving a very bullish looking candle. Combine this with the previous four candles and what we have is effectively a morning star formation which […]
As I watch the stock markets melt down this week, I think back to my earlier post in which I made the case that manipulation in any field will always occur when you have these conditions:1. Huge potential profit2. Small chance of getting caught3. Easy to do I’ll add a fourth element today: […]
