Tag: fibonacci resistance

Daily Video Update: Europe and corporate earnings are weighing on the markets

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Monday, the 17th of September.

Looks like it's the same ole news coming out of Europe.

A meeting of European Union finance ministers in Cyprus over the weekend resulted in a deadlock over how the region plans to combat the debt crisis, with leaders unable to work past their differences on a banking union, the role of the European Central Bank and the conditions of bailout requests.

Corporate earnings are also weighing on the markets today. Earnings are expected to fall short of expectations in the third quarter and then stage a a fairly dramatic turnaround the rest of this year. Some analysts believe the rebound will last into 2013.

Now, let’s go to the charts and our Trade Triangles and see what’s happening.

Every Success,
Jeremy Lutz

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: It's déjà vu all over again, as the FED throws the dollar under the bus

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 14th of September.

The older I get, the more I realize that there are no new fiscal ideas. The Fed is basically recycling an old inflationary idea to try and get us out of the current mess. They are cloaking this in job creation, but what it tells me is that the US is in a far more serious economic condition than possibly any other time in history, including the great depression.

As for reducing the unemployment levels, that is going to be a much more difficult challenge as unemployment is going to remain stubbornly high. We are losing manufacturing jobs in the US and everything is turning or has turned to high tech and the Internet.

Take a company like Facebook, it runs on just three or four thousand employees. How are the Facebook's, Amazon's, and Google's of the world going to reduce unemployment? They cannot reduce their labor force and skill sets change in the blink of a nano second. A labor force that is uneducated, not online or too old, is going to have a tough time in the new online world. I know this sounds harsh, but that's the reality of today.

Back to the markets, as we go into this weekend it could be an excellent time to look for new 52-week highs in commodities, stocks, and any other market that is making a 52-week high.

Our Trade Triangles have been telling you that the equity markets and commodity markets were headed higher and that inflation was on the way for quite some time.

I will be out cruising in the Gulf of Maine aboard a three masted schooner for the next four days and will be pretty much out of touch. Jeremy will be doing the daily update for me until I return. Have a great weekend and every success trading these inflationary markets.

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: Did Apple deliver and is the FED going to do it?

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 13th of September.

Did Apple deliver? Is the glass half full or half empty? Now that the iPhone5 is out, the question becomes did Apple deliver a superior product and a new game changer for the industry? Only time and the market can answer those questions.

Apple and the German courts have all made their announcements this week. That info has been talked about and digested and is now off the table. The market is now waiting for the Fed, which will announce their decision and view on the economy at 12:30 today. The FED seems to have done a better job than Apple in keeping their cards close to their vest on this announcement.

The market is divided in terms of whether the FED is going to give us another QE3, an ongoing QE program, or do nothing. A small minority think there will be nothing announced today and the Fed will continue to watch their data for more signs of a recession.

We know what the charts are saying and prefer to go with that sentiment over all others.

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: Stranded on a desert island with a major buy signal

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 11th of September.

On Wednesday, we have the German courts ruling on the Euro area's permanent bailout fund. On Thursday, we have the Fed possibly coming in with another QE to the rescue. But is this all really that important to the markets? The reality is the markets tell you what they want to do and right now they are telling us they want to go higher.

One of the very best traders I have ever had the good fortune to run into lived on a mountain in Switzerland. He didn't listen to news or market rumors, he simply went with the market. In other words, he traded the markets on a technical basis.

He could have been on a desert island, it didn't matter, he just didn't pay attention to the news or listen to the market rumors that fly around the trading floors everyday.

He relied purely on market action to make his decisions, and he made millions!

So let's keep it simple, or as my Swiss friend used to tell me, "they don't pay you anymore for making it complicated." It may be different in the government, but in trading, simpler is better.

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: Is the glass half full or half empty?

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 10th of September.

My question has always been, who is the glass maker? ( China? )

Over the weekend the legendary currency speculator, George Soros, shared with everyone his ideas on the Euro crisis. Mr. Soros indicated that Germany is the problem and needs to compromise big time with its Euro partners. That remains to be seen, as the German court will vote on Wednesday on what Germany can and cannot do.

This week should be packed with news coming out of Europe, and we could have the Fed making a QE decision later this week.

One thing is clear, INFLATION is on its way. That is the reason gold, silver, and copper are all headed higher and in the early stages of a bull market.

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