Tag: s&P 500

Will September Be A Treacherous Month For Traders?

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 2nd of September.

It would look as though September is living up to its reputation as one of the most treacherous months in the stock market.

The S&P 500 has pulled back close to where it closed last week. The 1230 area is still acting as a key area of resistance for this market and happens to be a 50% Fibonacci retracement.

Gold and silver on the other hand are positive for the week, with gold being up approximately $50.

Crude oil dropped down to be practically unchanged and met the technical picture we were expecting for this market.

The same can be said for the dollar index, which rallied from the key support level of 7350 and the CRB index is up about $1.50 for the week.

We will be doing our weekend broadcast on Saturday, summing up how these six markets closed for the week. This is going to be a very important and perhaps pivotal week in the markets. So don't forget to catch our weekend update on Saturday!

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 "Will September Be A Treacherous Month For Traders?" →

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?" →

Is The Market Ready For A Rally?

Posted on by The INO.com Team

Updated with video from Adam at 5:16 EST.

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Tuesday, the 30th of August.

The equity markets put in a very strong performance yesterday, pushing to their best levels since August 5th.  We would not be surprised to see this very overbought market possibly rally to the 1230 area and 1250 zone.

The gold market once again bounced over the $1,800 an ounce hurdle and is currently trading at $1,822.  This market needs to regroup further if it is going to challenge the $2000 level.  The trend is in a positive mode despite the recent $200 pullback.

Crude oil is now very much overbought and approaching the upper levels of the Donchian trading channel.  We expect that this channel and the fact that this market is overbought will provide enough resistance to any halt any further upside action.

The dollar index continues to bounce off the support level of 73.50 which we have outlined on numerous occasions.  Currently this market is trading at 74.00.

The CRB index has rallied quite dramatically after making a low on August 9th.  This market is largely reflective of the move in crude oil.

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 "Is The Market Ready For A Rally?" →

It Has Been Quite A Week

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 26th of August.

It has been quite a week here in the Northeast, where MarketClub and INO.com are located.  We had an earthquake on Tuesday measuring 5.8, which by our standards is huge!  And if that were not enough, we are batting down the hatches as it looks like we are going to get slammed by hurricane Irene.

It makes the volatility in the markets look like a cake walk.

Let's see how the markets are playing out and go to the 6 major markets we track every day. Continue reading "It Has Been Quite A Week" →