Tag: Elliott wave analysis

GPS vs. Road Map: Which Works Best? (Part 1)

Posted on by The INO.com Team

By: Elliott Wave International

Some of the best stories about global positioning systems (GPS) are the weird detours they sometimes recommend.

A while back, while on a family trip through Great Smoky Mountains National Park, I decided to use my GPS to drive around the park's western boundary to see the wildlife. My old-fashioned map made it look like it would take the better part of the day. But my GPS said the trip would only be about 20 miles long. Little did I know -- until I got there -- that the road from the GPS was only the remnant of an old wagon trail. I had to backtrack and take the path my paper map had originally suggested.

Sometimes, the old-fashioned way of doing things is still the best way.

I believe that's true when it comes to analyzing markets, too. Financial markets can also make you take weird "detours" -- just when you expect the price to go straight up or down, depending on how you've positioned your trades. Continue reading "GPS vs. Road Map: Which Works Best? (Part 1)" →

Crude Rally Running Out Of Gas - Here's The Trade

Posted on by The INO.com Team

The crude oil rally has been really quite pathetic suggesting a move into the lower Fibonacci support zone is likely. We're trading it through XLE with confirmation from the US Dollar. Plus, we uncover how to trade trend reversals using Elliott Wave.

Let Todd Gordon of TradingAnalysis.com take you through his plan for the crude oil.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Would You Go Into Battle With Just One Battle Plan?

Posted on by The INO.com Team

Trading is just like a battle; you never go in with just plan A. You always have a contingency plan and many times it's that backup plan that ultimately gives you the victory.

Let Todd Gordon of TradingAnalysis.com take you through his plan for the S&P 500.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

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

Here's How We're Trading The S&P And Materials

Posted on by The INO.com Team

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

The stock indexes are selling off for two main reasons. First, the reality of higher interests is starting to set in. The market has been drinking heavily from the Fed's liquidity punch bowl. Is the party over and the hangover about to set in? Second, we are failing at a confluence of Fibonacci and Elliott Wave resistance. Here's how we're trading it with options.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon