Despite the fact that the market has tumbled over the last few trading days, I’m betting that stocks are heading back up this week. How do I know? I rode “the wave”…
The Elliott Wave principle is a system of technical analysis that looks at “waves” to forecast the market’s direction. ...read more
Buying Stocks Safely Using Alternative Entry Points
Sep 28th, 2009 | By David Grandey | Category: Featured, Technical Analysis
With yet another market runup seemingly losing its steam, a lot of folks are wondering, "Was that it? Did we just top?" But while most investors stress out over what the market’s doing, smart traders are attuned to the secret of making safe bets using alternative entry points. Here’s everything ...read more
The 12 Words You Need to Know to Become a Better Trader…
Sep 21st, 2009 | By David Grandey | Category: Featured, Technical Analysis
Recently we've been talking about the only pattern you'll ever need to know in uptrending markets -- commonly refered to as a Pullback Off Highs. And over the last 10 days, a bunch of names took off out of bases and low risk entry points like rockets.
All of those same ...read more
Deciphering This Trader’s Simple Profit System
Sep 15th, 2009 | By David Grandey | Category: Featured, Technical Analysis
Buy the Dips and Sell the Rips – it’s a phrase that’s been thrown around quite a bit among traders over the past few months. It’s more than a cute rhyme though, it’s a strategy that can end up locking more gains where they belong: in your brokerage account. Today, ...read more
Get Ready for a Tradable Bounce
Sep 8th, 2009 | By David Grandey | Category: Featured, Technical Analysis
It's no secret the market this past week has been having a hard time going anywhere -- but we expected that. That being said, there is a lot of order to this week's action and the action off the most recent peaks.
Should the markets follow the script I’m about to ...read more
Be Ready When the Market Tops
Jul 27th, 2009 | By David Grandey | Category: Energy, Featured, Technical Analysis
The S&P 500 jumped another 4.13% last week – can this rally continue? It’s time to gauge where we stand today, and what to look for this week in the markets.
From where I’m standing, the market looks very overbought right now. That means that after the last three consecutive weeks ...read more
Why the Markets Could Rally This Week Before the Downtrend Continues
Jul 13th, 2009 | By David Grandey | Category: Featured, Technical Analysis
The amount of damage done to stocks last week was quite impressive in such a short period of time. Over the course of the last five trading days, the S&P 500 shed 2.38%, adding to last week’s dismal performance.
It should come as no surprise then, that we see more long ...read more
How to Read the Market for Short-Sell Signals
Jul 6th, 2009 | By David Grandey | Category: Featured, Technical Analysis
What started out as a hopeful week for investors turned sour Thursday as the markets sold off, leaving investors running for the sell button. The Dow, NASDAQ, and S&P 500 all triggered short-sells last week. The Dow staged a 5-waves up pattern, and then sold off as shown in the ...read more
Be the First to Know When the Bull Dies
Jun 29th, 2009 | By David Grandey | Category: Featured, Investing Strategies, Macroeconomics, Technical Analysis
Many are suggesting that the recent bull market is over and the time to sell is here. Let’s let the charts do the talking…
The Dow Industrials MAY be in the process of forming a potential Head and Shoulders Top as shown below. A break of the green support line opens ...read more
Is It Time for Another Gold Rush?
Jun 22nd, 2009 | By David Grandey | Category: Featured, Technical Analysis
Looking at the index charts over the last few days, we've got some cross currents going into next week. While the daily charts show everything still intact and the Full Stohcastics being in the near to oversold zone with a lift off of Wednesday’s lows, we've still not made it ...read more


