Greece, China And The Trade Triangles Have A Lot In Common

It seems all we can talk about in the markets are the ongoing Greek charade or the next talking point China. You will hear no end of experts telling you what they think of Greece and China and what will happen if this or that takes place. The reality is, no one knows for sure what's going to happen.

My advice, simplify, simplify, simplify. Keep it simple as the market doesn't pay you more for overthinking. In fact the market doesn't care what you or anyone else thinks, it's going to go its own way no matter what.

And that's the beauty of the Trade Triangle technology it doesn't over think the markets. In fact it doesn't think at all it's an algorithm.

To the best of my knowledge, no one predicted the recent weakness in crude oil. As everyone knows usage tends to be high in the summer months when people travel for vacations.

Remember I said no one knows, however, the Trade Triangle technology is an unbiased algorithm that literally goes with the flow and does not overthink any situation. You only have to look at a chart of crude oil to see just how this simple unbiased approach has performed. The Trade Triangles have made close to a 150% return in the last eight days based on latest Trade Triangle signal. That represents a gain of about $6,000 per contract in just over a week, and that's not listening to anyone except what the market is telling the algorithm!

So when it comes to investing and trading look no further than MarketClub's Trade Triangle technology as it will over time far outperform most of the so-called experts out there.

Today, I will be looking at two stocks that gave important buy signals yesterday.

They are: Continue reading "Greece, China And The Trade Triangles Have A Lot In Common"

The U.S. Dollar's 2014-2015 Rally: Wave 3 in Action

An excerpt from our free 14-page report shows you how the Elliott Wave Principle can "Boost Your Forex Success"

By: Elliott Wave International

I always say trading forex markets is like riding a bike -- except that said bike has one flat tire and the ground beneath it is covered in ice.

So why are they so popular, you might ask? In fact, forex is the most liquid market on earth, where trillions of dollars change millions of hands every day.

The reason people are so willing to ride that bike -- so to speak -- is because if you can stay on, the rewards are often unmatched. The trick, of course, is staying on.

There's no such thing as a fool-proof strategy. Slips and scrapes are bound to happen. But as the title of Elliott Wave International's chief currency strategist Jim Martens' go-to guide reveals, there is definitely a way "The Elliott Wave Principle Can Boost Your Forex Success."

Here below, you can read an exclusive excerpt from Chapter 1: Continue reading "The U.S. Dollar's 2014-2015 Rally: Wave 3 in Action"

Greece Is Not A Black Swan Event

It seems like this never-ending, ongoing Greek tragedy is like an Energizer battery as it just keeps going and going and going.

In order for something to qualify as a "black swan event", it has to come out of the blue and be a total surprise to the market. Certainly, Greece cannot claim to have just happened or come out of the blue. It seems like this train wreck of a country has been going on forever without a resolution. The fact that the markets are only down a bit as of this writing and have the potential to close unchanged indicates that most of the US equity markets have already discounted the "Greek Effect".

Today I will be looking at all the major indices and commenting on what has taken place. Continue reading "Greece Is Not A Black Swan Event"

EURUSD: Why Recent Ups and Downs Are NOT Random

By Elliott Wave International

How do you know what "your" forex market will do tomorrow?

You don't. We don't. Nobody does. All anyone can do is guess. But some guesses are more "educated" than others.

In a recent interview, Elliott Wave International's Senior Currency Strategist, Jim Martens, explained why for the past almost 30 years his favorite method to "guess" at the market's trend has been Elliott wave analysis:

Jim Martens"Markets are doing what they are supposed to be doing: inflicting the most pain on the most number of people. Markets fool the most number of people at the most unexpected moments, but by tracking Elliott wave patterns, sentiment (and the news) you can prepare yourself.

"What separates Elliott wave fans from the rest of the public is that the public has no basis for determining when the trend may be over."

Let's take a look at a recent example: namely, price action in EURUSD on April 5-7.

Since the mid-March low in EURUSD, Jim and his Currency Pro Service team have been tracking a "messy" Elliott wave pattern in the euro-dollar: a correction. "Messy," because corrections are just that: choppy, overlapping, often directionless moments when it's just plain hard to make heads or tails. Continue reading "EURUSD: Why Recent Ups and Downs Are NOT Random"

Market insight: U.S. Dollar at 11-Year High Against Euro

By Elliott Wave International

On March 4, we spoke with Jim Martens, our Chief Currency Strategist. His Currency Pro Service is participating in our Pro Services Open House, a free week-long event that starts next Tuesday at elliottwave.com.

Elliott Wave International: Jim, it's a good time to talk about currencies, because the euro has just touched an 11-year low against the dollar. Did you ever think you'd live to see this day?

Jim Martens: Did I ever think I'd live to see this moment... Well, back in mid-2011, when EURUSD was trading near $1.50, we started talking about the upcoming retest of $1.1876, the 2010 low. We were convinced that the rally from that level was a correction -- so EURUSD would ultimately fall back to it. It took a while to get there because what followed was a wide-ranging sideways consolidation in EURUSD -- a triangle, in Elliott wave terms, an overlapping pattern labeled ABCDE that you see on this chart:

That triangle ended in May 2014 with EURUSD almost hitting $1.40. From that point we had been expecting a move below $1.1876 -- and we had lower targets, as well. Most of them have been hit, and the interesting thing is that now, all of a sudden, the idea of the dollar/euro parity is becoming popular. Someone at Goldman recently talked about parity by the end of 2017.

Elliott Wave International: Do you think we'll see parity? Continue reading "Market insight: U.S. Dollar at 11-Year High Against Euro"