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Better Trader
Recent Activity
Is trading right for you?
You like the idea of trading because it is a way to make money without having to work hard. That is why many people are attracted to trading. The reality is different. Fact #1: It is likely you won't get rich quick if you trade. But you can make regular... Continue reading
Posted yesterday at Better Trader
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Bullish S&P 500 completed a falling wedge
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We remain long S&P 500, we bought near the low when wave (v) was nearing an end. The pattern from the top is a falling wedge or leading diagonal [(i),(ii),(iii),(iv),(v)]. This pattern is complete after the index rallied above the upper line. The next move is a rally in three... Continue reading
Posted Oct 23, 2020 at Better Trader
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Focus on good quality trades
Two weeks ago I wrote about intraday trading which is an active strategy. Active strategies do not always produce the best results because an active strategy capitalises on small moves with a tight stop loss. The tighter the stop loss the greater the chance it will be hit. Remember it... Continue reading
Posted Oct 16, 2020 at Better Trader
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The best strategy is swing trading the FTSE 100
Many people like day trading or intraday trading as I call it because they think the more you trade actively the more money you can make. In theory it sounds good but in reality those who trade intraday are more likely to lose. Intraday trading requires tight stop losses and... Continue reading
Posted Oct 6, 2020 at Better Trader
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S&P 500 completed a falling wedge
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On 24 September we published this chart of S&P 500 When the first wave down from the top is in three waves [a,b,c] we think of a falling wedge [(i),(ii),(iii),(iv),(v)] which is a bullish pattern. We expected a rally and the rally is now underway. To receive regular updates and... Continue reading
Posted Sep 30, 2020 at Better Trader
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Possible wave count on S&P 500
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US stocks have become overvalued in recent weeks, whatever the valuation measure you chose, some of these indicators have exceeded their levels at the top in 2000 and in 2000 the markets crashed. So there is a risk the tech bubble will burst and drag the stock market lower in... Continue reading
Posted Sep 7, 2020 at Better Trader
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Fantastic results on the FTSE 100
The FTSE 100 has always been my favourite market to trade and I think it will always be because my best results are on the FTSE 100. This year we are already up 1589 pts. There is a reason, the UK index follows the Elliott wave closely and I understand... Continue reading
Posted Aug 7, 2020 at Better Trader
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ADP employment report
Private businesses in the US hired just 167 thousand workers in July 2020, compared with a revised 4.3 million increase in June and way below market expectations a 1.5 million rise. The labor market continued to recover from April's record slump in employment, but a resurgence in COVID-19 infections forced... Continue reading
Posted Aug 5, 2020 at Better Trader
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Markets follow the Elliott wave
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The charts below were published last week, they all show clear Elliott wave patterns. EUR/USD EUR/USD could be in an ending diagonal [(i),(ii),(iii),(iv),(v)] the forecast was for a decline to 1.1350 followed by a rally to 1.1480. So far the euro declined to 1.1370 (yesterday), it is possible we will... Continue reading
Posted Jul 19, 2020 at Better Trader
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US initial jobless claims
The number of Americans filling for unemployment benefits stood at 1.30 million in the week ended July 11th, little-changed from a revised 1.31 million claims in the prior week and above market expectations of 1.25 million. The latest number lifted the total reported since March 21st to 51.3 million, as... Continue reading
Posted Jul 16, 2020 at Better Trader
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Bullish NFP is a bearish signal
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Markers surged yesterday after the release of the latest nonfarm payrolls report (NFP), the numbers were better than expected. As it is often the case people look at the numbers and buy without asking any question. If you follow the crowd and bought the FTSE 100 yesterday, today your long... Continue reading
Posted Jul 3, 2020 at Better Trader
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Get organized with the e-Yield app
Sometimes we get emails from people who say they would like to trade and follow our signals but they do not have time. Well, I can tell you, if you don't have time you can still do it. We focus on swing trading, not day trading, because the swing trades... Continue reading
Posted Jun 28, 2020 at Better Trader
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The analysis and forecasts are very accurate
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Today I will show you some examples of my work and why I am consistently accurate in my short term forecasts. We all do things differently but we all have one objective, to get it right. I do not say that I am right all the time, nobody is, but... Continue reading
Posted Jun 18, 2020 at Better Trader
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The stock market is fragile
Remember what I said last week, you need to be cautious when going long because soon the markets will correct. Look at last week decline, it was not a normal pullback, in general pullbacks are smaller. This decline could be the start of the correction I predicted last week. Markets... Continue reading
Posted Jun 14, 2020 at Better Trader
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Zombie stock market
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A zombie stock market is a dying stock market being kept alive by the central bank. I predict that the stock market will remain in a long term sideways range, long term investors will lose interest because a buy and hold strategy won't work. The problem: the central bank creates... Continue reading
Posted Jun 8, 2020 at Better Trader
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Potential pattern on the DAX
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I thought yesterday’s high was the top, this is no longer the case, today the rally extended. This wave is wave (v), it is long and it is nearing an end. But I am not sure how to label the third wave inside wave (v). May be it was yesterday’s... Continue reading
Posted May 28, 2020 at Better Trader
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The stock market and the economy are driven by sentiment
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Last week we closed our short on FTSE 100. The index rallied again and we went short again, we closed the trade today and took 187 pts profit. I closed the trade because I am not sure what the S&P 500 will do next. Not all the indicators are in... Continue reading
Posted May 17, 2020 at Better Trader
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US retail sales plunge at record pace
Retail sales in the US sank 16.4 percent from a month earlier in April of 2020, worse than forecasts of a 12 percent drop. It is the sharpest decrease in retail sales ever due to the coronavirus pandemic which forced Americans to stay at home and many businesses to close.... Continue reading
Posted May 15, 2020 at Better Trader
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10Y yield consolidating before a major breakout
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The 10Y yield is trading sideways, I think the rally in March was wave (iv). Yields should decline to complete wave (v). But we have seen in March that when the Fed launches these huge stimulus programs investors fear that bonds are not safe and yields can surge, and when... Continue reading
Posted May 13, 2020 at Better Trader
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Worst jobs report in history
The US economy lost 20.5 million jobs in April, less than market expectations of a 22 million cut, and after declining by 870K in March. It is the largest drop ever, bringing the employment to 131 million, its lowest level since February 2011, due to the coronavirus pandemic and consequent... Continue reading
Posted May 8, 2020 at Better Trader
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Number of Americans filling for unemployment benefits rises again
The number of Americans filling for unemployment benefits was 3.169 in the week ended May 2nd, compared to a revised 3.846 million in the prior week and market expectations of 3.0 million. source: tradingeconomics.com Continue reading
Posted May 7, 2020 at Better Trader
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Bear markets follow a natural path
I have been spot on on the FTSE 100 this year. The reason it is working well on the FTSE 100 is because we are in a bear market and bear markets follow a natural path. They closely follow an Elliott wave cycle, so easier to predict than a manipulated... Continue reading
Posted May 6, 2020 at Better Trader
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US 10Y Yield update
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US 10Y yield is consolidating like a descending triangle, this implies a bearish breakout is imminent. There is no fear of a dollar collapse, so no fear bonds will collapse, therefore high probability the 10Y yield will fall. Plus the economy will contract further, a debt deflation is underway, the... Continue reading
Posted May 5, 2020 at Better Trader
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US jobless claims: over 30 million unemployed
The number of Americans filling for unemployment benefits was 3.839 million in the week ended April 25th, compared to 4.442 million in the prior week and market expectations of 3.5 million. This brought the total reported since the beginning of the coronavirus crisis to over 30 million, suggesting layoffs have... Continue reading
Posted Apr 30, 2020 at Better Trader
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Big drop in US GDP in the first quarter
The US economy shrank by an annualized 4.8 percent in the first quarter of 2020, ending the longest period of expansion in the country's history, an advance estimate showed. It was the steepest pace of contraction in GDP since the last quarter of 2008, much worse than market consensus of... Continue reading
Posted Apr 30, 2020 at Better Trader
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