Gold and silver are oversold... time to buy?

Adam's UpdateGood afternoon and thanks for stopping by for the 1PM Afternoon Update.

Hello traders everywhere!

Adam Hewison here, co-founder of MarketClub, with your 1 p.m. market update for Tuesday, the 14th of June.

Okay, here's what's happening right now in the major markets ...

SP 500: -60. This market remains in a broad trading range with resistance coming in beginning at 1296 and 1305 and finally 1315 which represents a 62% Fibonacci retracement. Major downside support is at 1250.

Silver:-60. Currently this market is oversold, however it is in the state of flux with no clear trend. Using the Donchian Channels and the fact that this market is oversold, expect to see a bounce from current levels. Major Support at $34.00. Continue reading "Gold and silver are oversold... time to buy?"

Find winning trades in today's 1PM Update

Adam's UpdateGood afternoon and thanks for stopping by for the 1PM Afternoon Update.

During today's update, we'll be looking at how the major markets are faring today, Monday, June 13th, 2011, but also looking at what the Trade Triangles are telling us are big movers are for this week.

Quick update:

S&P (-60) looking at support around 1250
Silver (-70) oversold
Crude Oil (+65) with choppy action
Dollar Index (-85) bearish
CRB Index (+90) with resistance at 350

Every success,

Adam Hewison
President of INO.com
Co-founder of MarketClub

** Note: All of the MarketClub updates will now be available through INO TV. Though you do have to register for INO TV, it is completely FREE and best of all, it will let you find all of MarketClub's videos in one place. You only need to register one time and then you have access forever!

See How Your Fellow Traders Do It...

See how your peers are trading and which strategies work best for them! On last night's episode of MarketClub TV, Manisha, a MarketClub member, shared her tactics on how she manages successful trades using MarketClub's trade triangles and tools.

Also, we want to say congratulations to Rutherford P. from Hong Kong for winning a free one year membership for MarketClub.

Click here to view MarketClub’s full Livestream library

We hope you enjoy this and all of our videos, and that you leave your thoughts in our comment section. Also, Adam Hewison returns for next week's episode of MarketClub TV. Join him LIVE at 7pm ET next Thursday evening!

Best,
The MarketClub Team

MarketClub TV (5/5/11)

What is MarketClub? How do I use it? How do I implement strategy into my trading? Get the answers to all of these questions from last night's episode of MarketClub TV. Susan gets very in depth about everything you've ever wanted to know about MarketClub. Every member can benefit from this video. If you're not a member, this is a straight forward representation of MarketClub and what your missing out on by not using it!

Click here to view MarketClub’s full Livestream library

We hope you enjoy this and all of our videos, and always love feedback on how we can do better. Be sure to share your thoughts or suggestions in the comments section.

Best,
The MarketClub Team

MarketClub TV - Making the most out of your Portfolio Manager

Just because Adam is out of the office, doesn't mean that the work stops. Tonight Susan and Jeremy will be conducting MarketClub TV (LIVE) from the studios of MarketClub. They will be doing something a little different that we think you are sure to appreciate. Susan will show you how to navigate through MarketClub with ease and make the most out of our "Trade Triangles" and charts using MarketClub's Portfolio Manager. Whether you are new to MarketClub, or a long time veteran, you don't want to miss this.

Tune in at 5:00 p.m. ET tonight to learn the tricks of the trade!

-The MarketClub Team