Tag: DX

Today's Video Update: Holding the euro is like holding an ice cube in the desert

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 28th of March. Which happens to be the last trading day of the 1st quarter.

HOLDING THE EURO IS LIKE HOLDING AN ICE CUBE IN THE DESERT
The only way I can describe the euro is like this... imagine you're in the middle of the desert holding an ice cube and watching it slowly melt through your fingers. That is what's happening to the euro and the euro zone. It is slowly melting away. The Trade Triangles are negative and continue to point to lower levels for the Euro v. the U.S. Dollar. A close around the 128 level will be the lowest close seen for the euro in the last three quarters. Continue reading "Today's Video Update: Holding the euro is like holding an ice cube in the desert" →

Today's Video Update: The Banks in Cyprus Reopen Tomorrow, Now That's a Scary Thought

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 27th of March.

The Banks in Cyprus Reopen Tomorrow … Now That's a Scary Thought
No matter how the banks reopen tomorrow, it's not going to be pretty. We are expecting to see chaos, fighting, arrests and the media, broadcasting to the world how crowds react when they lose most, if not all, of their money. If you haven't yet read "Extraordinary Popular Delusions and the Madness of Crowds," I highly recommend it. It is a history of popular folly by Scottish journalist, Charles Mackay, first published in 1841. Continue reading "Today's Video Update: The Banks in Cyprus Reopen Tomorrow, Now That's a Scary Thought" →

Today's Video Update: Goodbye Yellow Gold, Hello Black Gold

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 26th of March.

Goodbye Yellow Gold, Hello Black Gold
The gold market continues to frustrate the bulls and confound conventional wisdom. The market action yesterday and early today can only be seen as negative. With both our weekly and monthly Trade Triangles red, we see no reason to get excited about gold moving higher at the moment, so for now say goodbye to yellow gold.

On the other side of the ledger, say hello to black gold. Yesterday our weekly green Trade Triangle kicked in and gave a buy signal in the crude oil market. Yesterday's buy signal was in line with the longer-term monthly Trade Triangle, which has been bullish and in place for quite some time. We see the renewed bull market in crude oil continuing from here based on our Trade Triangle technology. With gasoline and crude oil prices moving higher, it does raise concerns about gas prices. If gas prices become so expensive, is that going to derail the economy? Continue reading "Today's Video Update: Goodbye Yellow Gold, Hello Black Gold" →

Today's Video Update: Cyprus puts lipstick on a pig

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 25th of March.

CYPRUS PUTS LIPSTICK ON A PIG
As the world waited with baited breath this past weekend, the powers that be put together an agreement so Cyprus would not fall out of the Euro and off the face of the earth. I say, it's like putting lipstick on a pig, it still doesn't change the fact that it's a pig. The banks have serious problems in Cyprus and potentially in other countries and "putting lipstick" on the situation may look pretty, but it does not alter the real core problems with the banks. Continue reading "Today's Video Update: Cyprus puts lipstick on a pig" →

Today's Video Update: Z10, Tiffany, Gold and the Weekend Worry, Cyprus

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 22nd of March.

Z10 - Does BlackBerry Have The Magic To Come Back?
Today's the day that BlackBerry begins to market its Z10 smartphone in the US. It's interesting that BlackBerry chose today, as it is the 50th anniversary of the Beatles and the first James Bond movie. Both the Beatles and the Bond franchises have performed extremely well over the years. The question now is can Blackberry resurrect itself as a leading contender in the smartphone market? The US accounts for 20% of BlackBerry sales and this number either has to stay or grow from here. The key to BlackBerry stock is holding onto and growing its customer base. I think that's going to be an awfully hard challenge given the Android and Apple's iOS stranglehold on the US markets. Today we will be looking at the stock of BlackBerry to see just how well our Trade Triangle technology did in capturing the moves so far in this once shining star. Continue reading "Today's Video Update: Z10, Tiffany, Gold and the Weekend Worry, Cyprus" →