Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Monday, the 17th of September.
While some traders are taking profits from the recent gains, others are looking to hold positions to maximize future returns.
This is leading to uncertainty about the near-term outlook for the markets following its recent strength. This begs the question... is the rally over?
Now, let’s go to the charts and our Trade Triangles and see what’s happening.
Every Success,
Jeremy Lutz
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 14th of September.
The older I get, the more I realize that there are no new fiscal ideas. The Fed is basically recycling an old inflationary idea to try and get us out of the current mess. They are cloaking this in job creation, but what it tells me is that the US is in a far more serious economic condition than possibly any other time in history, including the great depression.
As for reducing the unemployment levels, that is going to be a much more difficult challenge as unemployment is going to remain stubbornly high. We are losing manufacturing jobs in the US and everything is turning or has turned to high tech and the Internet.
Take a company like Facebook, it runs on just three or four thousand employees. How are the Facebook's, Amazon's, and Google's of the world going to reduce unemployment? They cannot reduce their labor force and skill sets change in the blink of a nano second. A labor force that is uneducated, not online or too old, is going to have a tough time in the new online world. I know this sounds harsh, but that's the reality of today.
Back to the markets, as we go into this weekend it could be an excellent time to look for new 52-week highs in commodities, stocks, and any other market that is making a 52-week high.
Our Trade Triangles have been telling you that the equity markets and commodity markets were headed higher and that inflation was on the way for quite some time.
I will be out cruising in the Gulf of Maine aboard a three masted schooner for the next four days and will be pretty much out of touch. Jeremy will be doing the daily update for me until I return. Have a great weekend and every success trading these inflationary markets.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 12th of September.
The big news today is Apple and the possible launch of the new iPhone5. Is this going to be enough to spark the GDP as some have suggested? And in turn, propel the NASDAQ, the DOW and the S&P 500 to new highs?
In other big news today, the German court allowed ratification of the bailout fund with conditions. That positive news out of Germany was enough to raise European shares to 14-month highs.
We still believe that Greece is going to exit the Euro and we still believe that Spain and Italy have problems that have yet to be faced. If interest rates are held down, perhaps they can squeeze by, but the austerity measures are going to be hard to live with for some of these countries.
Are Ben Bernanke and the Federal Reserve going to begin inflating the economy again with another QE program? This would be QE3, and the market seems to be banking on that possibility and more positive news out of the Fed. As we mentioned yesterday, the charts are telling us that something big and positive is going to happen, it's only a question of when. If the third stimulus is approved, that's what is going to propel the markets to move to new highs.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 10th of September.
My question has always been, who is the glass maker? ( China? )
Over the weekend the legendary currency speculator, George Soros, shared with everyone his ideas on the Euro crisis. Mr. Soros indicated that Germany is the problem and needs to compromise big time with its Euro partners. That remains to be seen, as the German court will vote on Wednesday on what Germany can and cannot do.
This week should be packed with news coming out of Europe, and we could have the Fed making a QE decision later this week.
One thing is clear, INFLATION is on its way. That is the reason gold, silver, and copper are all headed higher and in the early stages of a bull market.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 7th of September.
Back in late August, we suggested that the markets would return to a more normal state with more trading volume and activity when traders returned from their summer vacations. Well, the comment out of Europe from Mario Draghi, head of the ECB, certainly propelled the dart of September to a quick start!
Yesterday's market action was a combination of new buying, and a large part of the move higher in the equity markets was short covering, as shorts scrambled to cover positions.
Another big call out yesterday was the move in the precious metals markets. Today we are seeing follow-through buying in gold, silver, and copper. Make no mistake about it, we are in bull markets in these metals. We are looking for all these markets to be strong for the next six months.
Look for the markets to close well today, as traders will be wary of taking home any short positions over the weekend.
This maybe a perfect weekend to employ our 52-week high rule to any market that is making new 52-week highs on the close.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video
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