Left on your own, the world of technical analysis of financial markets can feel a lot like entering the dauntingly vast online dating pool. After running a basic search for a "best fit," you end up with 50 pages of candidates whose idea of "middle age" is knowing who Methuselah was ... personally.
When it comes to online dating, it's well worth it to sign on with the experts. They plug your information into their scientific databases, which weed through hundreds after hundreds of possible entries and pop out the TOP FIVE most compatible matches. Imagine if a similar service existed for technical analysis of your favorite markets; a kind of "Match.commodity"?
Well, here it is -- care of Elliott Wave International's chief commodity analyst and Futures Junctures Service editor Jeffrey Kennedy.
With 15 years of experience in the field of technical analysis, Jeffrey has tried just about every trend-spotting method out there. Some were instant turnoffs; namely, the "get-rich-quick" ones catering to adrenalin junkies. Others were a perfect fit; i.e. those for traders who prefer the wind at their backs. In the end, his search came down to FIVE.
And now, for the first time ever, Futures Junctures Service subscribers can reap the benefit of Jeffrey's exceptional discipline in the newly released Technical Toolbox Video Series. In this revealing, 90-minute webinar, Jeffrey presents five separate chapters, correlating with his five favorite technical analysis tools (plus a little something extra.) In bold visual and verbal narratives, Jeffrey shows you how each one is formulated, constructed, and used in conjunction with Elliott wave analysis.
As for what those top FIVE tools are and what makes them so darn special, the following insights come directly from Jeffrey Kennedy's Technical Toolbox Videos:
1. Candlesticks: From the "hanging man" to the "inverted hammer," "evening star" and "dark cloud," these indicators are hard to forget -- and for good reason. Used in conjunction with volume, the colorful taper-shaped formations "identify and hone in on turning points" with unmatched precision. In his Video Series, Jeffrey uses a "layering approach" to show you how candlesticks signaled major trend changes in the historical price charts of Corn and Soybean oil.
2. MOAD: (Accumulation Distribution indicator) + (40-period Momentum) = this Adaptive Momentum indicator created by Jeffrey Kennedy a few years ago. Just as its name implies, this gauge "adapts" to extremely volatile conditions, think: Crude Oil. Here, Jeffrey shows how the MOAD foresaw a potentially "explosive event" in early 2007, right before oil more than doubled from $60 to $140 per barrel. Then again, the MOAD sent an "early warning" that the uptrend had become exhausted one month after the July 2008 peak. What is the MOAD saying now?
3. MACD: (Moving Average Convergence Divergence) In Jeffrey's own words:
"If I could pick just one tool out of the many technical indicators that are available, I would probably pick this one."
In the Video Series, he shows exactly why: The MACD repeatedly offered high-probability trade set-ups in the past price action of Gold.
4. RSI/ROC: (Relative Strength Index/Rate of Change) Up until now, all of the indicators discussed have been trend-following. This is the first "oscillating," or leading gauge. In the expanded, 20-minute long Video chapter, Jeffrey explains how the RSI/ROC was used to anticipate game-changing moves in the "real world market environment" of Crude Oil, Corn, and Boeing Company. Also, Jeffrey reveals why the popular, mainstream interpretation of this tool is dangerously "misleading."
5. Jeffrey Kennedy's own Trend Analyzer: This three-part indicator identifies the larger trend, spots the countertrend moves within the impulse, and acts as a "proxy for identifying Elliott waves in a structure."
Bonus Video: In the final recording, Jeffrey reveals how all five tools sent flashing signals at several of the Dow Jones Industrial Average's most memorable turning points: A "tradable top" in 1999; a meaningful low in 2002-3; and an "ominous signature of a reversal" in early 2008.
Though his first love will always be the Wave Principle, Jeffrey has found these five tools to "enhance" his abilities and "embolden" his confidence as an Elliottician. See the complete Webinar today via a risk-free Futures Junctures Service subscription. Simply log-in, pull down the "Traders Toolbox" tab, and click on the "Watch Now" link to begin. Get started today.