Tag: government spending

What A Difference A Day Makes...

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 Wednesday the 7th of September.

The song goes like this; "What a difference a day makes..."

Gold, sharply lower on heavy profit-taking and liquidation.

Equities, sharply higher as all the problems in the world are solved.

The U.S. dollar has a hiccup.

Crude oil up on new demand?

All this while the world waits for President Obama's speech tomorrow evening.

Here's a rhetorical question for you, how many cans can you kick down the road at the same time? Well, if you're a politician you become pretty adept at kicking as many cans as you want down the road.

Now, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "What A Difference A Day Makes..." →

It Never Seems To Go Away, Does It?

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 6th of September.

It never seems to go away, does it?

What I'm referring to is the problems with the economy and the sovereign debt problems in Europe. It would appear as though no politician wants to touch these major economic problems with a ten foot pole. Of course like everyone else on the planet they are concerned about protecting their own jobs and getting reelected.

The market action in the equity markets today can only be described as negative. Gold may be having a major reversal, and the dollar is soaring to its best levels in quite some time. Like I have said before, the markets are never boring.

Now, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "It Never Seems To Go Away, Does It?" →

Weekend Update ... not a great week for the equity bulls

Posted on by The INO.com Team

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 9/02/11.

Last week we saw the markets revert back to their major trends, with the reversal in the S&P 500 pushing this market down .4% from major resistance at 1230.

Gold and silver on the other hand moved higher with gold moving up over 3% for the week, and silver following suit with a gain of 4.5%. The closes this week on Friday, for both gold and silver, are all time high, week ending closes, and are very bullish.

Last week, we referred to the fact that Warren Buffett invested $5 billion into Bank of America, symbol BA. This week we saw the true colors of the banks and the fact that they are in deep trouble. For the week, Bank of America lost 6.3% and still has more to go according to our Trade Triangle Technology.

In today's weekend wrap, we are going to do something very special, and that is apply a long-term projection for the S&P 500. We will show you where we think it is headed, how long it's going to take, and where the ultimate target zone is.

Now please remember, these are projections and are based on classical technical analysis. Obviously if our Trade Triangle technology indicates otherwise we will respect that indicator as it is reflective of market conditions. We all know events can and do change and we are cognizant of that fact. I will be doing this analysis at the end of the video so please be patient.

Now  let's go to the weekly charts and see what happened last week in the major markets according to our Trade Triangle technology. Continue reading "Weekend Update ... not a great week for the equity bulls" →

So What About The Next Two Months?

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 Thursday, the 1st of September.

The old Wall Street adage is, "sell in May and go away."  Well, that proved to be very true this year.  So what about the next two months?

September and October are perhaps the two most treacherous and difficult months of the year in the stock market.  Stocks generally do not do well during these two months.

We are confident our Trade Triangles will tell us what to do, no matter what happens to the economy.  It doesn't matter how many jobs are lost or created.

Knowing what to do in the market because of our Trade Triangle signals can make a huge difference to you.  It will relieve your stress level, and will most likely add to your bottom line.

So let's look at the markets and see what's happening today. Continue reading "So What About The Next Two Months?" →

How's The Market Looking At The End Of August?

Posted on by The INO.com Team

Updated with video from Adam at 5:08 PM EST

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Wednesday, the 31st of August.

Here we are at the end of August, and the markets for the most part are still true to their trends. One of my routines that I religiously practice at the end of every month, is to look at the monthly charts. I like to see just how the various markets are closing for the month. If you don't already do this, I highly recommend that you give it a try, as it gives you a great feel for the various trends in the markets.

Let's start with the S&P 500 and work our way down to the Reuters/Jefferies CRB Commodity Index.

The S&P 500 closed out the month of July at 1292.28. It appears as though it is going to close lower for the month of August, unless we see a monumental rally that pushes up this index 70 or 80 points for the day. I don't think there is a remote chance of that happening.

Silver closed out July at $39.47 and is currently higher for the month. The same holds true for gold, which closed out last month at $1,613. Despite today's early pull back, gold is still $200 higher for the month and maintaining its upward trend.

Crude oil is in a downward trend and closed out the month of July at $97.37 a barrel, basis the October contract. This market is currently trading around the $88.80 level which is about $8.50 lower on the month. The trend in crude oil continues.

The dollar index which has been going nowhere for several months, repeated its performance in August. This index is practically flat from its July close of 73.87. This market is currently trading at 73.95 with no clear cut trend happening here.

The Reuters/Jefferies CRB Commodity Index also closed flat for the month of August. At the end of July, this index stood at 342.03 and is currently trading around the 342.03 area.

Now, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "How's The Market Looking At The End Of August?" →