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Market Oracle FREE Newsletter

Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

News and Emotions Aside, This Is Where Stocks and Precious Metals Are Headed

Stock-Markets / Financial Markets 2019 Sep 26, 2019 - 05:25 PM GMT

By: Chris_Vermeulen

Stock-Markets

If you follow the headline news, read multiple articles a day from different sources on the markets, and are human then you are likely underperforming the market in which you are trying to beat like gold, miners, the SP500 index or whatever it may be.

The information I talk about below and in this video should be a real eye opener for those have not seen technical analysis in action, just how clear the we can see what the stock market, bonds, metals, oil and more will do next. Even at a time like this when the markets are gyrating all over hte place from week to week, we can still gauge our risk and be a winner.


No matter where I go when someone asks me what I do for a living, the person asking has the same “Deer in the headlights” look on their face. I am a technical analyst and trade stocks and commodities for a living with zero external input other than what the price chart of an asset class has painted on the chart.

Most people have never heard of technical analysis for trading or investing, and those that have heard about it think its some type of VooDoo and holds little value. The reality is technical analysis outperforms most of those who trade based on news, earnings, economic data etc…

Why? because all those things are very random data points and unpredictable. If they are important big/smart/insider money has moved into position to take advantage of this before the information becomes public. This is why good news for stocks gets sold into once released for example.

I started trading stocks when I was 16 years old in high school and fall in love with reading charts. Now, 23 years later I have no doubt in my mind technical analysis and trading systems are the absolute best way to trade and invest for growth. Dont get me wrong I spent years digging through company perspectives, reports, press releases and a few years of doing that was almost enough to make me hate trading as it become more like a job and less profitable.

If you just want to cut to the point and know what and when to buy, take profits, and exit a position then technical analysis is what you seek!

How To Analyze Key Markets Every Morning

The analysis presented below covers the SP500, Bond, Utilities, Gold, Silver, Oil, and even Bitcoin. This is the analysis I share very day before the opening bell to keep you up to date with current market trends, potentially explosive moves, and set you expectations so you do not become overly emotional and exit a trade early from fear, or excitement.

This Happened Later That Same Day – Washout Low

In the video above I talked about how the SP500 was setting critical support that day, and I did this before the opening bell at 9 am. We just take a look at what the market likes to do intraday with the price to shake traders out of their position and trigger their stop-loss orders just before a market reversal.

I live and die by these three rules for my technical trading

1. IDENTIFY TREND DIRECTION

Trends are more likely to continue then they are to reverse. Draw trend lines on the long-term and short-term charts.

2. FIND SUPPORT & RESISTANCE

Identify critical areas of support and resistance on the price charts. Calculate Fibonacci percent retracements, advancement levels, and other measured moves.

3. TIME CYCLES & SENTIMENT

Use cycle analysis, investor sentiment, volatility, panic selling, greed buying, and price patterns to form accurate price forecasts to use for trading. Opt-in to our free market trend forecast newsletter

Reaching the Charts is Only Half the Equation

Focus Just On The Charts and Ignore All Other Data/Opinions or else you’ll end up with analysis paralysis.

Traders contact me every day confused about which direction to trade. I can tell a couple things very quickly about their issues depending on how they state their problem or question, and its generally a simple fix, or answer that will get them back on track but analysis paralysis is one of the most common issues.

The second half the equation for trading success is a topic most traders turn a blind eye to because it seems confusing, and, or boring. Risk management is the key to long term success and a portfolio value that always goes up and to the right. Believe it or not, its super simple, takes seconds to figure out what position size you should take in any given stock or ETF trade.

In a future post, I am going to talk about how you can take half the financial risk while making 8x more profits. Stay Tuned!

Chris Vermeulen
www.TheTechnicalTraders.com

Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic

Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better.

His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility.

He is a regular speaker on HoweStreet.com, and the FinancialSurvivorNetwork radio shows. Chris was also featured on the cover of AmalgaTrader Magazine, and contributes articles to several leading financial hubs like MarketOracle.co.uk

Disclaimer: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Technical Traders Ltd., its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including this report, especially if the investment involves a small, thinly-traded company that isn’t well known. Technical Traders Ltd. and the author of this report has been paid by Cardiff Energy Corp. In addition, the author owns shares of Cardiff Energy Corp. and would also benefit from volume and price appreciation of its stock. The information provided here within should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Technical Traders Ltd. and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any comparisons made to other companies may not be valid or come into effect.

Chris Vermeulen Archive

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