When you read about it, it's too late!!

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 15th of November.

It's too late!

All we have been hearing about lately is the infamous "Fiscal Cliff". The "Fiscal Cliff" has become an obsession with the financial press and you cannot turn on a financial cable news show or read news on the web without the "Fiscal Cliff" looming over us like a big storm cloud.

Here's a reality check: Long before you could read about the "Fiscal Cliff" problem, the markets were telling you in no uncertain terms that things were not rosy for the economy. We're not saying the markets knew that Gov. Romney was not going to get elected, that the "Fiscal Cliff" was about to hit us like a rogue asteroid, and that Europe was about to implode. The reason doesn't matter, the markets started heading south over a month ago! Continue reading "When you read about it, it's too late!!"

MarketClub TV: My biggest concern, and it's a wild card, is …

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 14th of November.

My biggest concern, and it's a wildcard, is the Middle East and not the fabled "Fiscal Cliff". Today we heard about an Israeli airstrike that killed a top Hamas commander. The Hamas military wing said that the assassination "opened gates to Hell". The rhetoric as always, was over-the-top, but it underscores just how volatile and fragile the whole Mid East region is. The markets immediately reacted with oil moving up almost a dollar and gold shooting up higher in a knee-jerk reaction. Continue reading "MarketClub TV: My biggest concern, and it's a wild card, is …"

Forget about the Fiscal Cliff and Europe

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 13th of November.

Forget about the Fiscal Cliff and all of the problems in Europe. At the moment the complexity of the different economic forces is more convoluted than any one brain can figure out. The good news is, the reality of the market will tell you what it wants to do longer term, and that as a trader is what's important and the one message to listen to.

Some of the best paid minds in the business are paid to figure out this problem for you. All you have to do is listen to what the market is telling you through our Trade Triangle technology.

The theory and the reality of Trade Triangle technology is that big money must make a move in order to protect and grow its own capital. That means that big money, i.e. big positions, have to move in or out of a market, and that's where our Trade Triangles shine. Big money has to make its footprint known in the market, it cannot avoid this one simple fact because of its size. Price action is the number one indicator of trends in big liquid markets. Continue reading "Forget about the Fiscal Cliff and Europe"

Catching 17 falling knives is not a smart idea!

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 12th of November.

Europe remains a mess and it would appear as though the availability to kick the can down the road is becoming more difficult for countries like Greece and Spain. With 17 nations comprising the Euro Zone, we think it's going to be very difficult to catch all of these "knives" (countries) when they start falling.

In the past four or five weeks we have seen the major equity markets all pullback, with the NASDAQ reaching a 61.8% Fibonacci correction level. The Dow and the S&P 500 have both corrected by 50%, also a Fibonacci number, and we would not be surprised to see a bounce from current levels. Normally when you see corrections of this magnitude to key Fibonacci levels, you get a counter-trend bounce.

The one thing I love about the markets, is that they really do tell a true picture of what's going on. That is why we, along with thousands of our MarketClub members around the world, are so confident that our Trade Triangle technology will keep us on the right side of the market. Continue reading "Catching 17 falling knives is not a smart idea!"

OMG the Fiscal Cliff is coming!

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 9th of November.
Suprise, suprise the "Fiscal Cliff" is almost upon us. Is it just me or is the world just bouncing from one crisis to another crisis where nothing gets done?

We have been discussing the "Fiscal Cliff" for well over a year that I can recall, and nothing has been accomplished. Over the pond in Europe, Greece, Spain, Italy and France all have major problems yet not one of these countries has addressed their problems. Politicians first and foremost want to keep their own jobs and are loath to make hard decisions.

I am not sure if the art of kicking the can down the road was perfected here in the US or in Europe, but we certainly now have a bunch of global politicians who are very adept at kicking the can down the road. Continue reading "OMG the Fiscal Cliff is coming!"