Tag: government spending

No End In Sight

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Monday, the 25th of July.

Well, here we are again with no end in the debt ceiling problem.  I think the markets are just waiting to get this thing resolved one way or another.

When this problem was not resolved over the weekend, the Gold market acted in dramatic fashion and jumped to $1,624 in the Asia.  Not exactly a resounding vote of confidence for the US markets or the government.

This is a "flip a coin" type market where whatever comes out of Washington will have an effect on markets.  However having said that, we may be coming to an area in the S&P where we are going to have natural technical problems.  The S&P 500, in my humble opinion, needs to move over the highs around the 1370 level to really get going on the upside.  I am not so sure that's going to happen.  Let's see how the market performs today and how Gold and Silver close.

Now, let's go to the markets and see how we can protect and grow your money in 2011.

Continue reading "No End In Sight" →

Big Week Ahead ... Be Prepared For A Lot of Volatility

Posted on by The INO.com Team

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend trading update for the week ending on 7/15/11.

The precious metals markets continue to be on fire with silver jumping another 7% on top of a 8.35% gain the previous week. Gold closed the week on an all-time high on Friday. Both gold and silver are reflecting the general fear that is prevalent in the markets. For the week gold put in a solid + 3.19% performance. You should be long one trading unit of gold based on our 52-week, weekend trading rule. We're expecting this market to open higher on Sunday in the Far East, and also on Monday when the markets open here in the States.

The S&P 500 was not blessed with gains for the past week and dropped just over 2% for the week. We now have very clear battle lines drawn between the Bulls and the Bears. The 1276 level on the S&P 500 is where the 200 day moving average comes in this week. In addition to the 200 day moving average, we also have a long-term trend-line going all the way back to March of 2009. These are two key levels to watch this coming week.

In other markets the CRB and dollar index showed very little movement as they continue to be range bound. Crude oil appears to be treading water  at the moment and has significant resistance overhead at $99.50 basis the August contract.

Watch video here

Continue reading "Big Week Ahead ... Be Prepared For A Lot of Volatility" →

The Beat Goes On And On And On...

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Friday, the 15th of July.

The beat goes on and on and on. I am of course talking about the debt ceiling talks which are absolutely imperative to the U.S. I think that most Americans are just getting disgusted with both parties and I think come election time we will see some major changes.

This should be a very interesting Friday with Gold at or close to its highs and Silver higher for the day so far. The equity markets just seem to be hanging on by their fingernails now and I expect we will see further pressure on the markets as the day wears on. Unless there's some major news that comes out I can't imagine these markets rallying from their current levels.

The opportunities to make money right now are huge. We've outlined clearly in our past reports the line in the sand for the S&P 500 and of course we remain positive on the precious metals. One trade you might want to consider this weekend is Gold. If Gold closes at or close to its highs for the day we want to go home with an additional trading unit. If this happens it will qualify as a 52 week high trade rule which means you go home long Gold and take profits on Monday or Tuesday. Use tight money management stops on this position.

Now, let's go to the markets and see how we can protect and make your money grow.  Continue reading "The Beat Goes On And On And On..." →

Judgement Day For Investors?

Posted on by The INO.com Team

It's time for the U.S. Government to sit down and get serious about the Debt Ceiling, but we want to know....

If Obama and the Party Leaders fail to raise the legal limit on government borrowing, will it be catastrophic and lead to financial ruin?

View Results

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As always, we would love to hear your thoughts on this or even where you think things may go from here. Be sure to share your thoughts in our comments section!

Best,
The MarketClub Team

Trader's Blog Contest For March

Posted on by lindsay

"Is The Government's Spending Out Of Control?"

Yes, No... Don't Care? The new administration is tossing around billions of dollars, but are the allocations justified? Do you think that the proposed stimulus package is money worth spending, or do you think that things have gotten out of hand?

Just answer... Yes, No, or Don't Care (specific opinions optional)  to be entered in a drawing for the prize below.

Prize

Winner will receive 3 DVD workshops on Taxes & Trading from our authors in INO TV and a hardback copy of "Trade Your Way To Wealth" by Bill Kraft. If your comment is drawn, your prize will be mailed to you courtesy of INO TV. No shipping, no handling, no catches.

How To Enter:

Comment on this post telling us if you think that the government's spending is out of control. Just write YES or NO, but feel free to voice your opinion... just keep it clean!

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Rules

1. This contest is open until 11:59 PM on March 31st, 2009.

2. No wrong answers, any participation counts as an entry.

3. One entry per email address.

4. Winner will be picked by random integer software.

5. Winner will be contacted on Thursday, April 2nd, 2009 via email.

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Good luck!