Charting the Markets on IG TV: Victoria Scholar interviews Patricia Elbaz
The sixth in our series of educational videos produced by spread betting firm IG, university lecturer and technical analyst at Financial Trends, Patricia Elbaz, rattles through five key markets.
Clear candlestick charts are used – daily and weekly ones – covering this year’s price action and a very long term trend for the S&P 500. She points out some of the more interesting candlesticks, and I’d suggest that novices among you might want to pause and see if you can spot other interesting candles, checking you know their names.
She also uses some interesting simple moving averages. The 20-day one is a perennial favourite among the trading community. Here she suggests it’s also a good short term sentiment indicator, depending on whether prices are above or below it. Like many of us she also favours the 200-day moving average, suggesting that a break above it signals a bullish medium to long term trend.
A new one for me is her use of a 52-week moving average, in this case on her chart of the Japanese yen against the US dollar. Seen as a long-term indicator, what is equally fascinating is just how tight a range this currency pair has held since 2017. Like with the other markets she mentions where pivotal chart levels lie, in this case 110.00.
Finally, she discusses the issue of how very difficult it is to be bullish when the market is trading at record highs – for the weekly S&P 500 chart starting in 2010.
Her charts are clear, her diction likewise, and her pace spot on. I enjoyed it.
Click here to view.
Tags: candles, Doji, moving average, Sentiment, Technical Analylsis Course
The views and opinions expressed on the STA’s blog do not necessarily represent those of the Society of Technical Analysts (the “STA”), or of any officer, director or member of the STA. The STA makes no representations as to the accuracy, completeness, or reliability of any information on the blog or found by following any link on blog, and none of the STA, STA Administrative Services or any current or past executive board members are liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. None of the information on the STA’s blog constitutes investment advice.
- ‘How to Benefit from Seasonality in Difficult Markets’: An IFTA webinar on Monday the 1st August August 10, 2022
- Are you a numbers person? And does that make you a metrologist? July 28, 2022
- Celebrate International Technical Analyst Day (09/09/2022) July 28, 2022
- European Central Bank’s turn to blink: Raises key interest rate from negative to negligible July 21, 2022
- STA, ACI UK & THE BROKER CLUB JOINT PANEL DEBATE: THE OUTLOOK FOR CRYPTO IN 2022 – PART II July 14, 2022
- A fireside chat with author Jack D Schwager: He of Market Wizards fame on
- Market Wizards – and their lesser known cohorts: Jack Schwager hits the book launch circuit on
- Colours, clashes and clichés: How and why use colourful charts on
- Do you know Aroon? I do, but not very well on
- Must read classics: Richard W Schabacker – the real bible of technical analysis on