Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 3rd of July.
As we go into the long July 4th holiday weekend, we thought it would be interesting just to look at some of the trends that are persisting in the markets right now.
So let's get started.
LOOKING AT TRENDS IN THE: Continue reading "Today's Video Update: Have a Safe and Happy Fourth of July"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 1st of July.
Apple Files For a iWatch Trademark in Japan!
Shares of Apple jumped almost 4% on news that it had filed for a trademark in Japan. This is the best upside performance for Apple in over a week. Apple inturn is helping the NASDAQ gain for the day as well as helping the other indices.
The Strong Trend For Crude Oil Persists
Crude oil moved to its best levels in eight days and it appears poised to challenge the $99 a barrel level. Should this market move over that resistance point I can easily see this market quickly move to the $100 a barrel level. Continue reading "Today's Video Update: Apple files for the iWatch trademark in Japan"
We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.
Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.
Grain Futures--- The grain market sold off sharply in the new crop grains with November soybeans down $.24 at 12.51 a bushel hitting new 4 week lows as outstanding weather in the Midwest is pressuring prices with the USDA crop report coming out stating that this is the 3rd highest acreage in history at 76.1 million acres up 1% from last year and as I’ve been recommending in many previous blogs to continue to sell the soybeans I do believe prices are headed sharply lower from these levels. Soybean prices in the November contract are trading below their 20 and 100 day moving average settling right at session lows this Friday afternoon in Chicago and I do believe you will see further weakness next week as generally the Fourth of July weekend is the top in the grain market. July soybeans hit a new contract high of 15.74 finishing up about $.16 as the spread between old crop and new crop hit a new high today as supplies are very small in the July contract and could be very large in the November contract in a couple of months. Continue reading "Weekly Futures Recap W/Mike Seery"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 28th of June.
Fibonacci Had It Right!
The recent recovery from the lows seen in the DOW at 14,548 retraced exactly to the Fibonacci points that I laid out in Wednesday's video. For the DOW that number was 15,041, the S&P retracement came in at 1,618 and the NASDAQ came in at 3,414. Continue reading "Today's Video Update: Fibonacci Had It Right!"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 24th of June.
Everyone Wanted To Buy A Dip In This Market, So Where Are The Buyers?
One of the most fascinating parts of the market in my mind is the psychology of price movement. You can talk all you want about the fundamentals of a stock, future earnings, takeovers, financial forecasts, but it really comes down to PERCEPTION!!
Remember not so long ago everybody wanted to buy a 5% pullback in the stock market? Well, where are those buyers today? They have all but disappeared from the financial landscape. The reality is, market perception has gripped investors and taken over their minds. What the market is trading now is not stocks, it's money pure and simple. I warned our members three weeks ago that our Trade Triangle technology had given early warning signals for the major stock indices. We will be covering all the indices in today's video, so please tune in to get my latest thoughts on today's market. Continue reading "Today's Video Update: Where Are The Buyers?"
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