Profitable Trading Staff

Analyst Articles

It’s going to be one of those weeks, folks. One of those weeks where the market forces all collide in a way that results in no new trades. For one, we are at the front end of earnings season. As of July 22, only 21% of S&P 500 companies have… Read More

It’s going to be one of those weeks, folks. One of those weeks where the market forces all collide in a way that results in no new trades. For one, we are at the front end of earnings season. As of July 22, only 21% of S&P 500 companies have… Read More

The head-and-shoulders pattern is sometimes seen on price charts ahead of a downside reversal. It occurs after an uptrend and consists of three peaks in price, with the center peak being higher than the other two. The two “side” peaks should be about equal in height.  The three peaks give… Read More

The head-and-shoulders pattern is sometimes seen on price charts ahead of a downside reversal. It occurs after an uptrend and consists of three peaks in price, with the center peak being higher than the other two. The two “side” peaks should be about equal in height.  The three peaks give… Read More

Fibonacci ratios are widely used to develop price targets for retracements on countertrend moves. A Fibonacci retracement will help spot support levels in an uptrend or resistance in a downtrend. Fibonacci extensions apply the same idea to price moves that are in the direction of the… Read More

Fibonacci ratios are widely used to develop price targets for retracements on countertrend moves. A Fibonacci retracement will help spot support levels in an uptrend or resistance in a downtrend. Fibonacci extensions apply the same idea to price moves that are in the direction of the… Read More

Charles Dow, the editor of The Wall Street Journal around the beginning of the 20th century, provided a framework to study the stock market that would become known as the Dow Theory.  He had created the Dow Jones Industrial Average and the Dow… Read More

Charles Dow, the editor of The Wall Street Journal around the beginning of the 20th century, provided a framework to study the stock market that would become known as the Dow Theory.  He had created the Dow Jones Industrial Average and the Dow… Read More

Legendary investor Carl Icahn recently added a “sizable position” of Apple to his $16 billion holding company — Icahn Enterprises. Since he announced his purchase on Sept. 11, 2013, Apple is up about 20%. After making the purchase, Icahn was quoted saying it was a “no-brainer” investment, citing that the… Read More