Tag: CRB

Daily Video Update: Like an addict, the market needs another fix!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 17th of July.

Like an addict, the market needs another fix and the drug pusher of choice is, of course, Ben Bernanke and his QE pills. The question on trader's minds these days: is the market going to receive another QE3 fix soon? Or are the markets just going to get the shakes and move back to the downside? A QE3 pill is needed if this market is going to get high again, on the upside.

It's very debatable as to whether the Fed and Bernanke have any more pills to sell. If Bernanke is out of pills, then this market will have to go cold turkey. The market will have to survive on its own strength and weaknesses and not some drug induced quantitative easing.

As for MarketClub, we will let the markets and our Trade Triangles do the talking. Continue reading "Daily Video Update: Like an addict, the market needs another fix!" →

Daily Video Update: New week, same old problems

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 16th of July.

As we start this new trading week, we still have a myriad of problems that haven't gone away. This morning, Citi Bank announced their earnings for the second quarter. Earnings exceeded expectations, but fell short on revenue.

Technically, the banks are locked in a broad trading range and we are at the upper levels of that range at the moment.

Disappointing retail sales this morning underscore the still fragile psyche of the American consumer. Consumers continue to struggle with the uncertainty of the upcoming elections. At the same time, the world economy continues to muddle through fiscal austerity that is going to infect Europe and the markets for sometime to come. Continue reading "Daily Video Update: New week, same old problems" →

Daily Video Update: Friday the 13th and the price of "Whale Meat"

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 13th of July.

This morning before the bell, JP Morgan Chase announced their earnings for the second quarter and the size of the loss they took on a synthetic derivative (whale) trade made out of their London office. I guess the price of whale meat is about $5.8 billion. We may see more losses from that trade come out later, but for now they're admitting to a $5.8 billion loss. However, the market is acting in a positive manner to this earnings announcement and JP Morgan Chase is trending higher for the day and is now also higher for the week. The same cannot be said for the overall stock market, which is at this moment showing a net loss for the week.

TODAY'S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500 Continue reading "Daily Video Update: Friday the 13th and the price of "Whale Meat"" →

Daily Video Update: California Dreaming... another city goes belly up as political promises are systematically bankrupting the country.

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 11th of July.

San Bernadino, a city of 210,000, just filed for chapter 9 bankruptcy on Tuesday. If you are keeping score, that is 3 cities in a row in just as many weeks that have filed for bankruptcy. Do you think there are going to be more in the coming weeks and months?

Remember Denise Rich? She is the same lady who was married to Marc Rich, who was once a tax fugitive. She is the one who donated a boat load of money to President Clinton, who then pardoned her ex-husband. Well, it looks like she just renounced her American citizenship for family (tax?) reasons... If we keep banging on the wealthy folks in America, pretty soon we won't have any left to support the politicians.

In other parts of the world, Prime Minister Rojoy of Spain is having to swallow the bitter pill of reality. Austerity programs are being demanded by the rest of the gang of 17 who make up the Euro zone. "Peseta, anyone?" Continue reading "Daily Video Update: California Dreaming... another city goes belly up as political promises are systematically bankrupting the country." →

Daily Video Update: This week could set the tone of the markets for the year!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 10th of July.

Score one for Spain. However, this short-term Spanish victory did not get Spain or Europe off the hook by a long shot. There's still much to be done and somewhere along the line someone has to bite the bullet.

China also appears to be slowing down dramatically and that could further exacerbate the contagion effect, not just for China but the entire world economy. This week could mark the most important week for the stock market. We are not convinced that the German courts or the public will okay the current new bailout fund. Stay tuned, as it's going to get very interesting. Continue reading "Daily Video Update: This week could set the tone of the markets for the year!" →