Daily Video Update: Is the stealth rally over in stocks and has the bull market in gold just begun?

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 23rd of August.

The question on everyone's thoughts and minds has to be, is the stealth rally over in stocks and has the bull market in gold just begun?

Back on Tuesday, we warned that Tuesdays tend to be reversals days. We also did a recent poll asking if you thought the market was going to close lower or higher for the week. Results were remarkably close, almost a 50-50 split, so there's an equal number of people who are bullish and others who are still bearish on this market.

Overall the equity markets are lower for the week. Should we close at current levels or lower on Friday, it will mark the first time in six weeks that we've seen profit-taking coming into the market on a little more volume. Volume for the most part in this stealth rally has been low, very low, which is sometimes a clue that stocks are moving higher on little to no fresh buying.

We expect the S&P 500 to move back to the midpoint of its Donchian Trading Channel. That would bring the market down to the $1,390 to $1,380 level. Let's see how the markets close out the week tomorrow.

It is official, all of our Trade Triangles are positive on Gold today. Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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MarketClub TV for 8/22/12: Just how unsocial is social media?

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 22nd of August.

A number of years ago, there was a market guru named Joseph Granville who came up with the phrase "bag holder". I've always loved the term because it really describes exactly what's happened to a lot of investors in social media these days. Yes, they've been left holding the bag and the bag has little or nothing in it!

Social media has been decidedly unsocial to investors. So what's the ahead for the likes of Facebook, Zynga, Groupon and other public social media companies?

Let's take a look at Groupon first. I think that merchants really don't want to discount to such a degree that they lose money on promoting their businesses. The people who use Groupon don't come back. So the basic business model has a fundamental flaw as it is being repudiated by the very companies it was supposed to help. Continue reading "MarketClub TV for 8/22/12: Just how unsocial is social media?"

Daily Video Update : Is a market correction ahead or is this market going to make it seven weeks in a row?

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 20th of August.

The US equity markets have closed higher six weeks in a row. While this is not an impossible feat, it is rather unusual to see a market move higher six weeks in a row without seeing some sort of correction. We think one of the reasons the markets have moved higher is very light volume.

We still have all the problems we had before, Europe, the elections coming up in November, China slowing down, and none of this is going away anytime soon. So is this week going to end up higher, or are we going to close lower for the week? We are skeptical the market can stitch together seven weeks of higher closing in a row given the proximity of major resistance at the April highs.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Daily Video Update: The Excitement of Going Nowhere Fast

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

The market has been grinding higher almost daily and today would mark the 6th day in a row that this market has closed higher. With our long-term Trade Triangle still in a negative mode, we are not excited about chasing the current rally. Intermediate traders should be out of this market, while long-term traders should either be on the sidelines or short the S&P 500 index.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Daily Video Update: Where do we go from here?

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 14th of August.

At the moment there appears to be a lack of conviction by both the bulls and the bears to move this market one way or another. This indecision has also registered in our Trade Triangle technology with many of the major markets now indicating a sideways to mixed trend.

It has been this way for quite some time and I think it is wearing a lot of investors and traders down. Normally, when you have indecision like we are witnessing in the markets they are usually preparing for some big moves later in the year. The big moves may begin after Labor Day, when many traders and investors return from their summer hiatus. Also, it should noted that volume has been extremely light in many of the markets which underscores the lack of participation by both the public and professional traders.

We are also going to be looking at a buy and hold strategy compared to a strategy using MarketClub's Trade Triangle Technology. It's on a major stock that everyone knows. The results may surprise you so stay tuned.

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