Absolute Wealth is an expert team of real investors and advisors devoted to identifying winning strategies for exceptional returns.
Austin, TX (PRWEB) November 04, 2012
In the latest edition of Absolute Wealth’s market update videos, contributor John Carter shows viewers some of the key levels he’s keeping a close eye on and some of the trends that could possibly break sooner than later.
Carter discusses the most recent trends in the markets, and talks through the ups and downs of the data charts for viewers to follow along with.
“First we’ve got the selling pressure that we were looking for: a nice play on the Spyder puts as we came down and just slammed into support,” said Carter in the video. “This is where a lot of times people get excited and think ‘Wow, this thing is going to crash,’ but you almost always get a short recovering rally, so that’s what we’re looking for now.”
Carter also brings up a topic he covered in a previous video. Gold, though seemingly insusceptible to market swings, is not bulletproof according to Carter.
“Again, remember what I talked about: what’s bad for the stock market in this environment is also bad for gold,” Carter said in the video, “There’s this misnomer out there where people think everything is going to hell in a hand basket, let’s buy gold, and that’s not how it works right now because everything’s correlated. So, if the market rolls over and dies, look for gold to sell off too.”
Viewers can follow along with Carter as he browses through the stock numbers and data charts, and visually see the very movements and patterns he is talking about.
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John F. Carter has investment expertise in his blood, growing up with a father who worked as a Morgan Stanley broker. After studying abroad and at the University of Texas, Carter worked as a financial analyst in the retail sector. In 1998 he became a full-time professional trader and later started to seek out other traders and post information online, which led to the launch of TradeTheMarkets.com, as well as a Commodity Trading Advisor through Razor Trading. In 2006 he published “Mastering the Trade,” a best-selling book in its niche since its release.
Absolute Wealth is an expert team of real investors and advisors devoted to identifying winning strategies for exceptional returns. Members subscribe to the company’s Independent Wealth Alliance for professional investment analysis and recommendations on the latest market trends and progressions. For more information and subscription instructions, visit AbsoluteWealth.com.