Why Is Today's Market Close Important?

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 3rd of November.

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Europe cuts rates … and what happened to that missing $600 million?

Europe cuts rates by .50 basis points. New guy, new rules. Jean-Claude Trichet is out and Mario Draghi is in. Now, US regulators are wondering what happened to $600 million in customer funds under MF Global's care. I am sure there is more to come on that front.

It's Thursday and how the market closes today is going to be very important in my mind. If we see the S&P 500 close lower, I think that will be a negative vote for the stock market. Additionally, if we see the bank stocks close lower on the day, I believe that's a negative vote for the banks. Continue reading "Why Is Today's Market Close Important?"

So What Is A Trader To Do?

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 2nd of November.

Tonight we broadcast our one hour show on the markets.  We will take your questions and calls, so be sure to watch MarketClub TV tonight at 5 PM EDT.

Call us at 410-867-2100 extension 129 or email us at ma**********@in*.com and leave a question for the show.   We will do our best to answer your questions on tonight's show.
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Greece (Grease) is on a very slippery slope.

There is no doubt in my mind that Greece is going to default.  I believe they are going to revert back to the drachma, which was the currency before they joined the euro zone.  Having grown up in Europe, you become aware of the different nationalities and their cultures, all of which seem to be at odds with each other.  I'm sure the German mindset cannot understand the Greek mindset and vice versa. Continue reading "So What Is A Trader To Do?"

Can the Greek Government Survive? We Doubt It...

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 1st of November.

Now more than ever you may need PERSONAL COACHING!
The call is free and the consultation is free.

Call us today at 877–219–1482 and watch my personal invitation to you about one-on-one coaching right here.

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Can the Greek government survive? We doubt it...

The Greek Socialist party, led by Prime Minister George Papandreou, once again threw the world of finance and trading into turmoil. The news that Greece was going to hold a referendum in January, to vote whether or not to stay in the euro or face chaos, was for sure a political move.

Here's the question I'm asking today: If you're a Greek citizen and the government wants to take all your benefits away, which way would you vote? My guess is they just say to heck with it, and say they are not paying back the money they owe.

Continue reading "Can the Greek Government Survive? We Doubt It..."

The Big Story Today is MF Global's Bankruptcy

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 31st of October.
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Ask yourself this question, IS PERSONAL COACHING RIGHT FOR ME?

Give us a call today at 877–219–1482 for a free consultation and see if personal coaching is right for you. The call is free and the consultation is free.

You can watch my personal invitation to you about one-on-one coaching right here.

http://www.marketclubcoaching.com/now/
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Ex-governor Corzine bets big on sovereign debt and loses.

The big story today: Is MF Global declaring bankruptcy based on their sovereign debt exposure? How can one brokerage company, which MF Global was basically spun off from, become a sovereign debt player to the tune of $50 billion? Well, it's all about leverage and huge egos, in this case Corzine's ego. Former governer of New Jersey, Jon Corzine essentially made a huge bet at the derivatives tables and lost! This is what happens when you let egos get involved in the markets over common sense.

In today's video, we're going to look at MF Global and show you just how our Trade Triangles were giving clear and concise signals that all was not well. These signals happened months ago as I will show you in today's video.

As many of you know, we have been criticized for not getting super bullish on the financials, as it looked as though they had broken out. We stuck to our basic beliefs and according to our Trade Triangle technology, the financials hadn't broken out to the upside. Having a disciplined approach by far and away is the winning strategy to have in today's markets.

You may recall our comments about how we go from "the world that is coming to an end", to instant euphoria. Things don't change quite that fast in the real world of trading. The overall trend continues to be negative in the equity markets. The overall trend in the gold market continues to be positive.

Okay, now let's go to the charts and see how we can create and maintain your wealth in 2011. Continue reading "The Big Story Today is MF Global's Bankruptcy"

A Game of "Wait and See" Anyone?

Hello traders everywhere!  Jeremy Lutz here, filling in for Adam with your mid-day market update for Friday, the 28th of October.
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The major indices are nearly unchanged after moving moderately lower earlier in the session today.

It appears that traders are reluctant to make any significant moves following the substantial upward move Thursday.  That move was caused by news that European leaders finally made headway towards a potential deal to resolve the regional debt crisis.

Traders look to be taking a "wait and see" approach to this rally, wondering if there will be any follow through next week.

Now, let's go to the charts and see how we can create and maintain your wealth in 2011. Continue reading "A Game of "Wait and See" Anyone?"