Are Stocks Going To Sizzle Or Wilt This Summer?

Hello MarketClub members everywhere. We are all back from a long holiday weekend and traders are wondering what's in store for the summer – are stocks going to sizzle and go higher or are they going to wilt under the threat of higher interest rates?

MarketClub's Mid-day Market Report

Predicting the future is a hazardous profession at best. So often I have seen respected economists and gurus fall flat on their faces with future predictions. The best way to look at the future, in my opinion, is that it will arrive and there will be many opportunities. That is why I let the market predict what it wants to do. Remember, the market is made up of millions of people whose collective judgment is often wrong at the top and bottom of the market. What is always be right, in the long run, is the market itself.

In today's video, I will be looking at the usual suspects – indices, gold, crude oil and one or two stocks that look interesting.

Stay focused and disciplined.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

All Is Well This Memorial Day Weekend - Right?

Hello MarketClub members everywhere. As we come to the end of the week and the trading month and face the long Memorial Day weekend, I have a slightly uneasy feeling about the markets.

Later on today, Janet Yellen the Fed chair is set to speak with Harvard professor Gregory Mankiw as she receives the University's Radcliffe Medal.

MarketClub's Mid-day Market Report

Boy, they sure like to give each other awards don't they? It's too bad that we can't give an award to the economy which still has sub 2% growth with record low-interest rates!!

Here's the problem as I see it, the FED said that it was it was going to rely on data as to whether or not it would raise interest rates. Now they're saying you have to see how things go – really?

It has seemed to me for quite some time now that the Fed has mishandled this whole financial meltdown and quite honestly have no clue as to what to do about it. It also seems that they lack any common sense even thinking about or talking about negative interest rates – how stupid can they be?

Ms. Yellen and President Obama - the answer is not complicated - lower taxes and cut all the red tape, hoops and hurdles that business have jump through. Then all you have to do is stand back and keep out of the way of the economy as speeds up growth and job creation.

Not complicated!

Okay, having gotten all that off my chest let's take a look at the markets. Continue reading "All Is Well This Memorial Day Weekend - Right?"

I Had To Change The Bull Head Today

Stock indexes are melting higher, which usually suggests unsustainable short covering. We took profits on long trades and moved into the short side. Hopefully, my head won't be hanging on a wall because of it, but the market internals and a correlated asset class confirms the move.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

It's All Systems Go For This One Index

Hello MarketClub members everywhere. I just got back from a few days in California visiting my new 2-month-old grandson which I'm very excited to say is a well and a very hungry little guy. While I was away the index markets just thrashed about until my return when yesterday we saw a significant move to the upside in the indexes.

MarketClub's Mid-day Market Report

The big surprise for many traders was the big drop in gold prices. I will be looking at that drop today based on the Trade Triangles and you may be surprised to see what they were indicating and showing traders in the last 10 days.

Crude oil continues to be in a strong uptrend, but that may be coming to an end as crude is fast approaching the $50 mark. Continue reading "It's All Systems Go For This One Index"

The Dollar Takes 'EM Down

Aibek Burabayev - INO.com Contributor - Metals


Dear readers, I am very grateful to get all your feedback and suggestions that you kindly share with me all the time! Rasesh Shukla, one of our regular readers asked about the Emerging market currencies and particularly about Indian rupee in a comment this month. And I am pleased to share my thoughts with all of you in this post.

Chart 1. 5-Year Dynamics of Top FX vs. EM FX

5-Year Dynamics of Top FX vs. EM FX
Chart courtesy of tradingview.com

I want to start with the comparison chart of the top currencies presented by inverse dollar index, consisting of 6 currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc (orange line) versus the emerging market currencies presented by WisdomTree Emerging Currency Strategy Fund (CEW, green line). The former is quite representative, it tracks the value of the following 15 currencies: Mexican Peso, Brazilian Real, Chilean Peso, Colombian Peso, South African Rand, Polish Zloty, Russian Ruble, Turkish New Lira, Chinese Yuan, South Korean Won, Indonesian Rupiah, Indian Rupee, Malaysian Ringgit, Philippine Peso and Thai Baht. Continue reading "The Dollar Takes 'EM Down"