Tag: DX

Today's Video Update: Gold and Cyprus - The Meltdown Continues

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 15th of April.

The Meltdown in Gold Continues
As it occured on Friday, a close below the $1,500 level would not be a good sign for this once precious metal. Reports this weekend that Cyprus will be selling $500,000,000 in gold also put downside pressure on this market. I continue to see this market under pressure and headed lower. Continue reading "Today's Video Update: Gold and Cyprus - The Meltdown Continues" →

Today's Video Update: The Law of the Market

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Thursday, the 11th of April.

Adapt or Die - That is the Law of the Market
As a trader, you must learn to adapt to changing conditions in the market, otherwise you are not going to be successful. The current rally in the DOW (DJI) and the S&P 500 (SP500) is a case in point. Maybe the fundamentals are not there to support the kind of valuations we are seeing, but that is not the most important element to consider when you look at the markets. If you were only looking at the fundamentals, you would have missed this entire move to the upside. The trend, sentiment and perception of what the market is going to do is very important, and right now for better or worse, the market is heading higher. Markets tend to trend in the direction of least resistance and right now that trend is on the upside.

There also appears to be a complete disconnect between Washington, Wall Street and Main Street. The feedback from Main Street, which is still underwater, is not that good and I think everyone would agree Washington is totally dysfunctional. Wall Street appears to be in its own universe, ruled by Chairman Bernanke and supported by the Fed, to the tune of $85 billion every month. Providing the Fed fix continues, we are likely to see the market continue its upward trend. Continue reading "Today's Video Update: The Law of the Market" →

Today's Video Update: Don't Worry About The Price Of Gas, This Agency Has It Under Control

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 3rd of April.

Don't Worry About The Price Of Gas, This Agency Has It Under Control
Back on 8/4/1977, the Department of Energy was instituted TO LESSEN OUR DEPENDENCE ON FOREIGN OIL.
34 years ago, 30% of our oil consumption was foreign imports. Today, 70% of our oil consumption is foreign imports. Pretty efficient, huh???

And now it's 2013, 36 years later, and the budget for this "NECESSARY" department is at $24.2 BILLION A YEAR. It has 16,000 federal employees and approximately 100,000 contract employees and look at the job they have done! (This is where you slap your forehead and say, "WHAT WERE THEY THINKING?")

Ah yes, good old Federal bureaucracy.

Now we have turned over the banking system, healthcare, and the auto industry to the same government. Does that make sense to anyone besides the government? Continue reading "Today's Video Update: Don't Worry About The Price Of Gas, This Agency Has It Under Control" →

Today's Video Update: Rearranging The Deck Chairs On The Titanic

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 2nd of April.

Rearranging The Deck Chairs On The Titanic
Yesterday, it was reported that a “a company owned by in-laws of Cypriot President, Nicos Anastasiades, withdrew millions from Laiki Bank on March 12 and 13," according to an article published in Cypriot newspaper, Haravgi. Today we are learning that Michael Sarris, the finance minister of Cyprus, has resigned. I expect we will be seeing more revelations coming out of Cyprus in the days and weeks ahead. I believe that Cyprus is the tip of the iceberg and is the catalyst of destruction in Europe. With unemployment in Europe officially at 12% and unemployment for young people in Spain at 55%, one can only think it's a matter of time before things erupt into civil disobedience. Europe cannot grow itself out of this mess and the austerity measures being demanded provide little to no hope for Europe to survive. Under its present economic and political circumstances, I think it's only a matter of time before the ship goes down with no lifeboats! Continue reading "Today's Video Update: Rearranging The Deck Chairs On The Titanic" →

Today's Video Update: Washington - We Have A Problem

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 1st of April.

Washington - We Have A Problem
That seems to be the secret message that Europe is sending to America. With little to no fanfare, it was announced last Friday (Good Friday) that Jack Lew, the newly appointed Treasury Secretary, will be heading to Europe for a series of meetings with finance ministers in early April. When I heard the news of Jack Lew's trip to Europe, it immediately threw up a red warning flag that things are not going well in Europe and they may need America's help, which is interesting as we are drowning in debt ourselves. When this news story broke, I was appearing on Fox Business News with Liz Claman. Continue reading "Today's Video Update: Washington - We Have A Problem" →