Hello MarketClub members everywhere. We have come to the end of the week and it has been a welcome relief to see a little less volatility in the marketplace.
Looking through my Trade Triangles alerts last night, I noticed this one stock that has many of the winning characteristics I like to see in an individual stock. Let's go through them one by one: Continue reading "5 Reasons To Like This Stock"
Hello MarketClub members everywhere. I thought this would be a good time to review the events of the last seven trading days. First, we had Great Britain’s historic exit from the EU on July 23rd which immediately sent the markets of the world into a chaotic downward spiral with the DOW (INDEX:DJI) losing over 5% in just over 48 hours! After hitting a low of 17,063, the DOW abruptly reversed course in what I mistakenly labeled a “Dead cat bounce”. It was more like “Who let the cat out of the bag” as the markets proceeded to go up just as fast as they went down catching many traders on the wrong side of the market.
If you follow the Trade Triangles and I hope you do, you know that they were on the sidelines during this epic battle between the bulls and the bears where both sides were badly mauled and bruised. Having a position on the sidelines is a position - make no mistake about it. It's just as important as being long or short the market. If the market is undecided as to which direction it is headed why take a position in the market. Isn't it best just to stay on the sidelines until a trend develops that you can latch onto and make some big profits? Continue reading "This Is A Short But Important Trading Week"
Hello MarketClub members everywhere. The question today is, are you one board the gold train?
According to the Trade Triangle technology the gold train left the station on January 5th of this year at $1081.55. Since that time the gold market has steadily moved higher reaching its highest levels this past weekend as America celebrated its birthday.
The next question is, how many stops is the train going to make before it gets to its ultimate destination?
That's a tricky one to answer. However, I strongly believe that gold (NYMEX:GC.Q16.E) is going to continue higher for the better part of the year.
In today's video I will be looking at some specific target zones I have for this precious metal. In addition to looking at the gold market, I'll analyze the volatile nature of the major indices last week. I'm going to see if we can make some sense of the dramatic reversal both on the downside and upside.
Crude oil (NYMEX:CL.Q16.E) is under pressure this morning falling about 3%. I'll discuss the next support area for this market and share with you what I see in the future for this market.
Stay focused and disciplined.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
Hello MarketClub members everywhere! The votes are counted and almost everyone got this one wrong, including the British betting shops. It's official - England is leaving the EU after 43 years.
I guess I was in the right camp when I posted this on June 14th.
The early reaction was the British Pound falling to its lowest levels since 1985 and stock markets around the world crashing. The one bright spot was the rush into gold which once again shot up over the $1300 level and seems poised to move to the $1400 level.
Indices: Looking at the major indices here in the U.S. this morning they are all going to be sharply lower and under pressure. Continue reading "See EU Later - Brexit is for Real"
Hello MarketClub members everywhere!
Make no mistake about it; the markets will all be obsessing about whether or not Great Britain will stay or leave the EU.
This morning all the markets are thinking happy thoughts and are rising as they think that Britain is going to stay in the EU.
The bottom line is no one has a clue if Great Britain will stay or leave the EU. The other crazy thing is no one has a clue as to what will happen if Great Britain leaves. As you can see, there is no clear cut path or idea as to what's ahead.
So here is what to do - I call it the "Desert Island" approach to trading. Let's say you were trapped on a desert island with plenty of food and water but with no news of any kind. The only news you could receive is stock and futures prices - could you trade on just that information? Before I answer that question, ask yourself this question, if you were looking back at a stock chart and back testing would you be looking at the news? The answer is probably not, you would be looking at price action and that is exactly what the market proven Trade Triangle's do every day.
The bottom line is price action make market trends.
One caveat - Black Swan Events Continue reading "All Eyes On Brexit"
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