P500

Video Report: S&P500 Elliott Wave Forecast…On The Precipice?

30
Jul0

Taking an objective look at the S&P500 it would appear likely that there are plenty of reasons why these markets might be close to completing major topping patterns right now. In our view, it is looking increasingly likely the S&P500 is again set for another significant swoon in prices at any time now in what is likely to be a very strong second down wave in a much larger downtrend move.

With the use of a combination of Elliott Wave Theory and technical analysis we can identify that the majority of technical evidence is indicating a range of larger bearish topping chart patterns forming now, patterns that are likely to lead to swift declines to much lower prices.

Interestingly, there are now forming a confluence of factors that are pointing to significant tops forming right now with a great deal of downside potential if these patterns play out as we expect – and in most cases declines look set exceed 60% of current price levels in most markets over the longer term. On short term analysis, a range of topping patterns appear to be close to completion now and are indicative of a 10-20% crash move developing at any tim.

Other than a host of technical indicators and bearish technical chart patterns, the most obvious indication of a major move lower is a near complete bearish Elliott Wave count, that if correct will usher a larger crash move in the near term

Rather than go through the individual detail, I have decided to attach to this article a special copy of an S&P500 Forecast Video from the 28th of June that details the prevailing technical evidence indicating lower prices directly ahead.

So, if you follow the markets and use either Elliott Wave or technical analysis for the basis of your trading and you would like to receive daily video reports covering the short term Elliott wave and technical analysis of the major US markets, Gold Trust, Oil Holders and USD Bullish then please visit our service at www.elliottwavegms.com. We also cover all major global markets, currencies and commodities in our monthly forecast report in addition to our portfolio stock service by way of weekly video update.

We are currently offering A WEEK OF FULL MEMBERSHIP FREE to all visitors who register only their first name and email address. To get full immediate access to the full range of video forecast reports for click here GET ONE WEEK OF FULL MEMBERSHIP FOR FREE!

Paul Thomason

Founder, Elliott Wave Global Market Service

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How To Buy Good Stocks

17
Mar0

Although it may seem obvious to most stock market swing traders there are a number of simple rules that you can follow which will ensure that you have more success when buying stocks:

In the USA stock market there are 3 major indexes which are each made up of a basket of stocks, they are the S and P 500 (also known as the S&P500), the DOW 30 and the Nadaq 100. These stock indexes generally only contain major blue chip stocks, as long as you buy from these 3 groups you will at least know that you are getting a well known solid stock.

For example the DOW30 contains major industrials and large multinational stocks such as Home Depot (HD) and Johnson and Johnson (JNJ) whereas the Nasdaq 100 mainly contains techical companies such as Apple (AAPL) and Miscrosoft (MSFT).

Always buy a stock that is liquid, this means that it is a highly traded stock, this will enable you to easily buy and sell at the price you want without having a delay. You will also get a smaller spread, thats the difference between the BID and ASK price of the stock. For a stock to be considered highly liquid it should trade at least 500,000 shares per day, ideally even more.

It is best to aviod stocks that are bellow $10 as this usually means the company is in trouble, although with the bear market of 2008/9 there have been a lot of good stocks at bargin prices between $5 and $10. Avoid buying a stock that is below $5 at anytime.

Another consideration to make is options, does the stock has options?, this will be important if you want to trade options around your stock, such as a covered call, or you may want to buy a PUT option inorder to protect your stock.

Be very cautious about buying a stock just before it’s earnings release, stocks often drop significantly if you come out with a poor report. Earnings releases are 4 times a year with one of them being the annual report.

If you are going to trade options make sure that you learn how to trade by getting some good education. There are many swing trading strategies that work well with stocks in todays volatile markets.

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