In today's short educational video, we're going to be examining the stock of Wal-Mart (NYSE:WMT). We will be using Fibonacci retracement, R.N. Elliott's wave principal, and the moving average convergence divergence, better known as the MACD indicator, to analyze Wal-Mart (NYSE:WMT).
The video runs about seven minutes and I think you'll find it very interesting on several different fronts. Putting all of these methods together in addition to our Trade Triangle technology produced some excellent results for this market. I also have a special bonus for you at the end of the video.
I hope you enjoy the video and more importantly learn how to use the technical tools mentioned so you can add them to your trading arsenal.
Today's guest post is from our friends at the Benzinga News Desk. Today they are going to ponder the age old question of fundamental or technical analysis and discuss the Elliot Wave Principle. Be sure to comment below with your own thoughts and learn more about the Benzinga News Desk here.
Investors and traders have been arguing for the longest time about which overarching strategy is king: fundamental analysis or technical analysis. Long-term investors believe that technical analysis is trash and nothing more than lucky betting, while short-term traders think that fundamental aspects of companies and economies do not matter for short-term price movement. Continue reading "Fundamental Analysis or Technical Analysis"→
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The Trader's Toolbox posts are just another free resource from MarketClub.
"MarketClub is known for our “Trade Triangle” technology. However, if you have used other technical analysis indicators previously, you can use a combination of the studies and other techniques in conjunction with the “Trade Triangles” to further confirm trends.
Elliott Wave Theory categorizes price movement in terms of predictable waves. Beginning in the late 1920s, R.N. Elliott developed his own concept of price waves and their predictive qualities. In Elliott theory, waves moving with the trend are called impulse waves, while waves moving against it are called corrective waves... "
The dramatic run up that we have seen in the S&P 500 may be coming to an end. The retracement back over the 840 level should provide sufficient resistance to reverse this market to the downside.
Now here is the caveat, our long-term indicator, the monthly "Trade Triangle" remains negative on this market. While the direction of our weekly timing "Trade Triangle" is on the sidelines and neutral. This has created a conflict, meaning that conservative traders should remain on the sidelines to protect capital.
I am looking for an area to once again get short this market and trade with the major trend in our favor.