Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 28th of June.
Fibonacci Had It Right!
The recent recovery from the lows seen in the DOW at 14,548 retraced exactly to the Fibonacci points that I laid out in Wednesday's video. For the DOW that number was 15,041, the S&P retracement came in at 1,618 and the NASDAQ came in at 3,414. Continue reading "Today's Video Update: Fibonacci Had It Right!"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 26th of June.
Is The Correction Over For The Market, Or Are We Headed Lower?
A revision in the first quarter GDP from 2.42% to 1.8% did nothing to stop this market moving higher this morning. Once again, this proves that the fundamentals tend to lag the market by a country mile. I will be covering all of the indices in today's update. Continue reading "Today's Video Update: Is The Correction Over?"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 24th of June.
Everyone Wanted To Buy A Dip In This Market, So Where Are The Buyers?
One of the most fascinating parts of the market in my mind is the psychology of price movement. You can talk all you want about the fundamentals of a stock, future earnings, takeovers, financial forecasts, but it really comes down to PERCEPTION!!
Remember not so long ago everybody wanted to buy a 5% pullback in the stock market? Well, where are those buyers today? They have all but disappeared from the financial landscape. The reality is, market perception has gripped investors and taken over their minds. What the market is trading now is not stocks, it's money pure and simple. I warned our members three weeks ago that our Trade Triangle technology had given early warning signals for the major stock indices. We will be covering all the indices in today's video, so please tune in to get my latest thoughts on today's market. Continue reading "Today's Video Update: Where Are The Buyers?"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 21st of June.
Not A Good Week For The Bulls
Not a good week for market Bulls, but there were warning signs all around. Take a look at my early warning system video, it's free and hinted that all is not well with this market. In today's video update, I will be using our Fibonacci tool to measure how far the indices are likely to fall. Continue reading "Today's Video Update: Not A Good Week For The Bulls"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 19th of June.
To Taper Or Not To Taper? That's My Question For Ben Bernanke
That is the question on everyone's mind today as the Fed kicks off its meeting at 2 PM, eastern time. Everyone is probably also wondering if Ben Bernanke is going to run for another term. I doubt that Ben Bernanke will want to run for another term, because whoever inherits the current Bernanke mess, created by QE1, QE2 and QEInfinity, is going to have to unwind this trade and that is going to be one colossal mess for everyone. The modus operandi in the USA seems to be that we jump into everything from wars to QEs without figuring out an exit plan. What the market wants to see now, is how the Fed is going to extricate itself from its current bond buying gluttony. Now, that's going to lend itself to some real market opportunities in the future. Continue reading "Today's Video Update: To Taper Or Not To Taper?"
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