Carter shows the action he would take, and highlights some stacks that are in great shape despite the tumbling markets.
Austin, TX (PRWEB) October 02, 2012
Absolute Wealth has released its most recent market video update, and in it John Carter comments on the slipping markets.
“We’ve been losing momentum and since then we’ve slammed hard into that 21-period moving average,” Carter said in the video. “At this point, this is the area in this market we’ve got to really be careful, because we have this nice upward trend line… and what’s happened with this big sell-off is we’ve got a wedge forming.”
The wedge, says Carter, will likely have its bottom part tested, and if it closes below it, the markets will be in a free fall.
Carter shows the action he would take, and highlights some stacks that are in great shape despite the tumbling markets. Stocks that “don’t care what the market is doing,” says Carter, will always be attractive.
Also, “if stocks crash, then the bond market will go higher,” Carter said.
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. As in all market update videos, he advises a couple of attractive stocks and alerts traders to what they should avoid.
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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.