fibonacci resistance Archives - Page 34 of 93

Daily Video Update: Is the stealth rally over in stocks and has the bull market in gold just begun?

Posted on August 23, 2012 by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 23rd of August.

The question on everyone's thoughts and minds has to be, is the stealth rally over in stocks and has the bull market in gold just begun?

Back on Tuesday, we warned that Tuesdays tend to be reversals days. We also did a recent poll asking if you thought the market was going to close lower or higher for the week. Results were remarkably close, almost a 50-50 split, so there's an equal number of people who are bullish and others who are still bearish on this market.

Overall the equity markets are lower for the week. Should we close at current levels or lower on Friday, it will mark the first time in six weeks that we've seen profit-taking coming into the market on a little more volume. Volume for the most part in this stealth rally has been low, very low, which is sometimes a clue that stocks are moving higher on little to no fresh buying.

We expect the S&P 500 to move back to the midpoint of its Donchian Trading Channel. That would bring the market down to the $1,390 to $1,380 level. Let's see how the markets close out the week tomorrow.

It is official, all of our Trade Triangles are positive on Gold today. 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 8/22/12: Just how unsocial is social media?

Posted on August 22, 2012August 22, 2012 by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 22nd of August.

A number of years ago, there was a market guru named Joseph Granville who came up with the phrase "bag holder". I've always loved the term because it really describes exactly what's happened to a lot of investors in social media these days. Yes, they've been left holding the bag and the bag has little or nothing in it!

Social media has been decidedly unsocial to investors. So what's the ahead for the likes of Facebook, Zynga, Groupon and other public social media companies?

Let's take a look at Groupon first. I think that merchants really don't want to discount to such a degree that they lose money on promoting their businesses. The people who use Groupon don't come back. So the basic business model has a fundamental flaw as it is being repudiated by the very companies it was supposed to help. Continue reading "MarketClub TV for 8/22/12: Just how unsocial is social media?" →

Daily Video Update : Is a market correction ahead or is this market going to make it seven weeks in a row?

Posted on August 20, 2012August 20, 2012 by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 20th of August.

The US equity markets have closed higher six weeks in a row. While this is not an impossible feat, it is rather unusual to see a market move higher six weeks in a row without seeing some sort of correction. We think one of the reasons the markets have moved higher is very light volume.

We still have all the problems we had before, Europe, the elections coming up in November, China slowing down, and none of this is going away anytime soon. So is this week going to end up higher, or are we going to close lower for the week? We are skeptical the market can stitch together seven weeks of higher closing in a row given the proximity of major resistance at the April highs.

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 Update: How many ways can Europe kick the can down the road?

Posted on August 17, 2012August 17, 2012 by The INO.com Team

Due to technical difficulties we will not be posting a video today.

Hello MarketClub members everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market report for Friday, the 17th of August.

Yesterday the markets shrugged off negative news and focused on the comments from German Chancellor, Angela Merkel. Ms. Merkel, who just returned from vacation, has somehow miraculously endorsed the European Central Bank’s conditional support for Spain and Italy. On the other side of the coin, a Finnish official has suggested that Euro zone leaders are preparing for the worst, including a possible breakup of the currency bloc.

Upon further inspection, Ms. Merkel's statements of support leave room for a great deal of interpretation. We see it quite simply as delay, delay, delay, and yet another way for politicians to kick the can down the road. Continue reading "Daily Update: How many ways can Europe kick the can down the road?" →

Daily Video Update: The Excitement of Going Nowhere Fast

Posted on August 16, 2012 by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 16th of August.

The market has been grinding higher almost daily and today would mark the 6th day in a row that this market has closed higher. With our long-term Trade Triangle still in a negative mode, we are not excited about chasing the current rally. Intermediate traders should be out of this market, while long-term traders should either be on the sidelines or short the S&P 500 index.