Tag: fibonacci resistance

Today's Video Update: To Taper Or Not To Taper?

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 Wednesday, the 19th of June.

To Taper Or Not To Taper? That's My Question For Ben Bernanke
That is the question on everyone's mind today as the Fed kicks off its meeting at 2 PM, eastern time. Everyone is probably also wondering if Ben Bernanke is going to run for another term. I doubt that Ben Bernanke will want to run for another term, because whoever inherits the current Bernanke mess, created by QE1, QE2 and QEInfinity, is going to have to unwind this trade and that is going to be one colossal mess for everyone. The modus operandi in the USA seems to be that we jump into everything from wars to QEs without figuring out an exit plan. What the market wants to see now, is how the Fed is going to extricate itself from its current bond buying gluttony. Now, that's going to lend itself to some real market opportunities in the future. Continue reading "Today's Video Update: To Taper Or Not To Taper?" →

Today's Video Update: Coming Soon To A Gas Station Near You

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 Friday, the 14th of June.

Coming Soon To A Gas Station Near You
Today we witnessed a massive move to new highs in crude oil, pushing all our Trade Triangles into the green, indicating that higher prices are likely ahead for this commodity. This translates into higher prices at the pump for everyone in America. The question of course will be, is this going to create a problem for the fragile economic recovery? This market has created a large technical formation that we will be discussing in today's video.

Equity Markets Are Choppy
The war between the Bulls and the Bears continues this Friday with no clear trend direction. The longer-term trend continues up, while the intermediate-term trend is indicating weakness. This translates to a neutral market position for us. If you are using our Trade Triangle technology, you can quickly see which markets are headed higher, which ones are neutral, and which are falling. We will be running through all the major indices in today's video. Continue reading "Today's Video Update: Coming Soon To A Gas Station Near You" →

Today's Video Update: Choppy Markets Reflect Investor Anxiety

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 Wednesday, the 12th of June.

Choppy Markets Reflect Investor Anxiety
It probably feels like you are on a bicycle peddling very fast and not going anywhere. Here it is a week later and the DOW (INDEX:DJI) is basically unchanged. In the meantime, we have witnessed many up and down days. It seems there is a war going on right now between the bulls and bears and the stakes are very high.

The bulls clearly see the Fed as their friend, and providing that the Fed continues to pump money into the system, they have a good argument. You can't fight unlimited printing presses. The bears on the other hand, don't believe the economy is going so well, not just here in States, but they are also seeing a global slowdown both in Europe and Asia. The bears argue that if the Fed begins to taper its purchases, which now total $85 billion a month, the market is likely to tank. The old trading adage here is that the markets "slide faster than they glide," meaning markets go down much faster than they go up. Currently our Trade Triangles are neutral on the market, indicating that you should be on the sidelines at the moment. I need to see this war between the bulls and the bears resolved before I commit to one trend or the other. Continue reading "Today's Video Update: Choppy Markets Reflect Investor Anxiety" →

Today's Video Update: Is The 2013 Bull Market Over?

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 Friday, the 7th of June.

Is The 2013 Bull Market In Stocks Over?
2013 will go down in the history books as the fastest start of the any year since 1998. Having said that, there are some challenges in the market right now as we have recently seen the market tumble 3.6%. We also discussed the slowdown in Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) stores, as both companies missed their forecasted earnings. All signs that the economy is slowing down. Currently, the economy hasn't picked up to the point where the Fed can abandon its monthly $85 billion purchase program. That could also lend to some stability in the marketplace. In today's video, I am going to examine how we see the market and how today's close could determine the trend for the coming week.

Early Warning System And The Yen
The Japanese Yen has strengthened against the US dollar to the surprise of many traders. Having a non-emotional approach to the market, like the Trade Triangles, can pay off consistently. If you haven't seen my "Early Warning System" video you may watch it here. Continue reading "Today's Video Update: Is The 2013 Bull Market Over?" →

Today's Video Update: What's Ahead For June?

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 Friday, the 31st of May.

What's Ahead For June?
It's May 31st, the last trading day of the month and the week. In today's video, I will look ahead into our crystal ball (just kidding!) and share with you what I see coming up in June. You might be surprised at my conclusions.

Watch Today's Video Update Here

The 52-Week Rule
I learned this rule many years ago from a trader named Bill, when I was trading in the pits of the Chicago Mercantile where I was a member. Over the years, it has proven to have a high degree of success. Just remember, there are no guarantees made or implied that this approach works with every trade. I suggest you watch it, paper trade it, and draw your own conclusions. Here are the three rules you need to trade "The 52-Week New Highs on Friday Rule": Continue reading "Today's Video Update: What's Ahead For June?" →