Today's Video Update: Gold and Oil Prices Swoon

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 12th of April.

Gold
Gold (XAUUSDO) continues to come under pressure and is going to close out the week on a negative note. It would appear as though nobody wants to hold gold anymore. The gold market is close to a key area of support around the $1,500 area. A close below that area today does not auger too well for this market. Rumors that Cyprus is selling gold to improve its bank balances is also adding downside pressure on an already depressed market. We will be checking in on gold today and analyzing just how far this market can go from here. Continue reading "Today's Video Update: Gold and Oil Prices Swoon"

Today's Video Update: The Law of the Market

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Thursday, the 11th of April.

Adapt or Die - That is the Law of the Market
As a trader, you must learn to adapt to changing conditions in the market, otherwise you are not going to be successful. The current rally in the DOW (DJI) and the S&P 500 (SP500) is a case in point. Maybe the fundamentals are not there to support the kind of valuations we are seeing, but that is not the most important element to consider when you look at the markets. If you were only looking at the fundamentals, you would have missed this entire move to the upside. The trend, sentiment and perception of what the market is going to do is very important, and right now for better or worse, the market is heading higher. Markets tend to trend in the direction of least resistance and right now that trend is on the upside.

There also appears to be a complete disconnect between Washington, Wall Street and Main Street. The feedback from Main Street, which is still underwater, is not that good and I think everyone would agree Washington is totally dysfunctional. Wall Street appears to be in its own universe, ruled by Chairman Bernanke and supported by the Fed, to the tune of $85 billion every month. Providing the Fed fix continues, we are likely to see the market continue its upward trend. Continue reading "Today's Video Update: The Law of the Market"

Today's Video Update: Great Britain Lost Its Last Great Leader Today

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 8th of April.

The Amazing Iron Lady
As a former citizen of England, I was saddened to read news that Margaret Thatcher, one of the great leaders of the world, died today. The "Iron Lady," as she was nicknamed, really did change the world and the economy of Great Britain. The world needs more leaders like the late Maggie Thatcher, instead of the poll-driven, politically-correct-don't-offend-anyone types whose only mission is to stay in office at all costs! Margaret Thatcher was one-of-a-kind and you don't see that coming along every day in this leaderless world. Continue reading "Today's Video Update: Great Britain Lost Its Last Great Leader Today"

Today's Video Update: Confidence Might Be Running Out Of The U.S. Economy

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 5th of April.

Confidence Is a Fragile Entity
Confidence in sports, business and almost everything else in life is a very important element. The same can be said for confidence in the markets and in the economy. Today with the release of the non-farm payroll, confidence was badly shaken. The question becomes, with everyone who has a 401K program and who has made money in the last few years, will there be a rush to get out of the market with their profits?

After seeing the disappointing results of the non-farm payrolls report this morning, is Chairman Bernanke and the Fed going to keep their uncharted risky policy of pumping money into the system? With all of these uncertainties floating around in investors' heads today, I believe confidence is on the wane for any sustainable economic recovery that Washington was hoping for. Continue reading "Today's Video Update: Confidence Might Be Running Out Of The U.S. Economy"