Tag: fibonacci resistance

Daily Video Update: The Dow falls to a three week low, while soybeans move to record highs!

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 30th of August.

The DOW moved to its lowest level in three weeks, creating a new red weekly Trade Triangle. MarketClub members have not been positive on this particular index, as our monthly Trade Triangle has remained staunchly in the red. Could this index be indicating something is amiss in the markets? The same time the DOW fell to a three week low, the S&P 500 moved below the psychological $1,400 support level.

Over in the commodity markets, soybeans jumped to all time highs and look to go even higher. All of this is contributing to higher costs and inflation pressures in the future. Gold continues to consolidate as we expected, but this is a market you want to be psychologically prepared to buy on any further weakness.

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 8/29/12: September could be a killer month for stocks

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 29th of August.

In today's episode of MarketClub TV, we will be covering inflation and the bull market in the commodity sector. We will be examining crude oil more closely, given the fact that hurricane Isaac has now made landfall in Louisiana.

Why are the markets so quiet? Could September be a killer month? History has shown that September is the scariest month for Wall Street. Many traders remember September of 2008. Could this September be a repeat of the 2008 disaster? Europe and Ben Bernanke hold the keys to how September plays out.

We will be examining the nine major sectors and point out which ones are performing well, and which ones to avoid. We will be also looking at one index that is not performing the way it should be.

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

Daily Video Update: Draghi drops out of JH, volume dries to a trickle, while traders savor the last days of summer

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 28th of August.

It is official, European Central Bank head Mario Draghi has called off his trip to the annual Jackson Hole conference of central bankers. What that means is anyone's guess, his official reason was "because of the heavy workload foreseen in the next few days." Got it!

Just a reminder we have very thin trading conditions at the moment on the big board. Many traders are still on vacation, we have a convention, a hurricane, Jackson Hole and all kinds of other distractions this week. In a nutshell the markets are moving on very thin volume which can sometimes cause distortions in market activity and price action.

The key word this week is : CAUTION

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

Daily Video Update: Hurricanes, iLawsuits, Conventions and Jackson Hole... it's going to be quite a week

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 27th of August.

There's so much going on this week that I expect the sum of the markets will be overshadowed by the news. We have a hurricane heading towards the US, and a Republican convention in Tampa and Jackson Hole on Friday. Apple's iLawsuit win over Samsung gave Apple a 1 billion dollar judgement and made quite a splash on the smart phone market, with Samsung losing over 12 billion dollars when its stock opened in Asia on Monday morning. If all that was not enough, we still have to deal with Europe and the last trading week in August!

We will rely on pure market action and our Trade Triangle technology to point the way to profits. With many commodity markets in bull trends, there are going to be many trading opportunities.

GOLD now looks very interesting and we would pay close attention to this market. The REUTERS/JEFFERIES CRB COMMODITY INDEX is also in a bull trend and will be a strong indicator for signs that inflation is picking up and accelerating in the US.

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

Daily Video Update: OMG - It's the Godfather movie all over again, as Europe makes nice with Greece

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 24th of August.

Earlier today, German Chancellor Merkel along with French Prime Minister Hollande made another "warm and fuzzy" statement directed towards Greece. They both agreed that they want Greece to stay in the Eurozone. What it possibly implied was, "we are nice guys, so don't blame us when we kill you". It was a classic political touch.

It reminded me of a scene from the Godfather movie... first you sit down with someone who thinks you are their friend, have an enjoyable glass of wine and tell them what they want to hear, and then you kill them!

In this case Merkel and Hollande are not killing a person, but rather an entire country. Sooner or later, Greece is going to leave or get kicked out of the Eurozone. It is just a question of when it is going to happen.

P.S. Anybody want to buy the Greek island?

Most markets are lower for the week, with the exception of the metals, energy, and the CRB commodity Index. The commodity markets are all indicating that inflationary pressure is headed our way. So stay sharp, and protect yourself with our Trade Triangle technology.

Next week marks the last trading week of August and also the beginning of the Republican convention in Tampa. All eyes will be on Tampa, the hurricane, and the Republican convention. Look for these events to overshadow the markets.

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