Weekend Update: SUPERCOMMITTEE, EUROPE, and other big problems for the markets.

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 11/18/11.

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SUPERCOMMITTEE, EUROPE, and other big problems for the markets

This week I want to give credit where credit is due. One thing that Washington does really well, is they know how to name things, have you noticed that? Remember these names? The American Recovery and Reinvestment Act of 2009, Shovel Ready Jobs, or my favorite, "Cash for Clunkers" remember that one?

Now comes the SUPERCOMMITTEE, it's not just a committee, it's a SUPERCOMMITTEE with no space. I keep thinking to myself, what is a SUPERCOMMITTEE, how is it different from a committee? In fact, I was so intrigued that I looked up SUPERCOMMITTEE in the dictionary, the word doesn't even exist. Like a lot of things in Washington these days, it's all about smoke and mirrors, followed by no substance.

On the 23rd of this month, just before Thanksgiving, the so-called SUPERCOMMITTEE is going to come out with their recommendations, it's not going to happen. Chances are, the report/recommendations will be delayed until the following week. If anyone's good at kicking the can down the road, it's Washington.

Another fly in the ointment for the markets this coming week, is the Continue reading "Weekend Update: SUPERCOMMITTEE, EUROPE, and other big problems for the markets."

First it was Greece, then it was Italy, now it's ...Weekend Update

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 11/11/11.

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First it was Greece, then it was Italy, now it's the Super Committee

Last week it was all about Greece and Italy, and while those two countries are not off our radar screen by a long shot, along comes the Super Committee. This closed door, 12 member committee, made up of members of the House and Senate could give the markets a Super Headache.

Investors are concerned about how this super committee is going to cut 1.2 trillion dollars in Continue reading "First it was Greece, then it was Italy, now it's ...Weekend Update"

Weekend Update: THE GREEK MINDSET ROCKS THE MARKETS!

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 11/04/11.
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THE GREEK MINDSET ROCKS THE MARKETS

One of my favorite musical pieces, is the music from Zorba the Greek. If you haven't heard the music, or  if you were too young to have seen the movie (1964), starring Anthony Quinn and Alan Bates, you might want to watch it. The movie captures the Greek mindset perfectly, and that mindset is still in place almost 50 years later. Zorba the movie is available on Netflix to those of you who still use that service. Continue reading "Weekend Update: THE GREEK MINDSET ROCKS THE MARKETS!"

The week that was ... and what a week! Weekend Video Update

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 10/28/11.
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BIG MOVES IN ALL THE MARKETS
Last week we saw the markets have massive gains both on the upside in the case of equities, gold, silver and crude oil. The US dollar came under pressure losing 1.6% on its index.

 

You have to be impressed with the market action and certainly this is a classic example of markets not following the fundamentals. I think everyone can agree that the fundamentals in Europe are not good and they are not particularly great here in the United States.

A quick look at the changes for last week:

S&P 500 Index: – up a positive 3.78% * Spot Silver:– up double digits with a gain of 12.64% * Spot Gold: - up 6.15% * Crude Oil (December): - up 7.05% * Dollar Index: - down 1.6% * Reuters/Jefferies CRB Index: - up 3.9%

So let's go look at the charts and see what to expect for this coming trading week and find out how we can create can maintain your wealth in 2011.

Continue reading "The week that was ... and what a week! Weekend Video Update"

In Europe it's getting personal...Weekend Update Video

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 10/21/11. This week we have two parts to our weekend update. Watch them both here.

Equities mixed as metals fade …

In Europe it's getting personal.

A poll that we conducted on Friday shows that 75% of all traders are closely watching  events in Europe. Here's the reason why.

Here we have Chancellor Merkel of Germany, telling Berlusconi the Prime Minister of Italy, who just happens to be a billionaire, a proud Italian male what to do. For sure there is no love lost between these two, but I'm not sure talking that way to an Italian billionaire, is going to result, in any kind of positive vote. That's why, I have always thought that the European union between different sovereignties, with different values and social structures, was an accident just waiting to happen.

Daily rumors from Europe continue to weigh heavily on the markets around the world. Everyone's euphoric one moment, thinking that a possible agreement is at hand only to find out hours later that everything is in complete disarray. It's just a question of how many lifeboats are available,  when the boat sinks? Continue reading "In Europe it's getting personal...Weekend Update Video"