How’s The Market Looking At The End Of August?
Filed under: General, MarketClub Techniques, Tips & Talk, MarketClub Webinars, Trading Videos
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. Read more
Here’s A Couple Of Stocks I’m Looking At
Filed under: General, MarketClub Techniques, Tips & Talk, MarketClub Webinars, Trading Videos
uple of stocks I’m looking at that I think represent fairly low risk. I expect both of them to resume their downward trends as their technical picture is not a positive one longer-term. The first one is Citigroup, symbol C and the next stock is Hewlett-Packard, symbol HPQ.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Advanced Technical Indicators – Bollinger Bands
If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple. If you like this article, Larry’s also agreed to give you free access to his favorite technique.
Let’s take another look at a more advanced technical tool – Bollinger Bands. These were developed by John Bollinger in the 1980s. In simple terms, they use a simple moving average and standard deviations to give a different perspective on potential highs and lows. Read more
Is The Market Ready For A Rally?
Filed under: General, MarketClub Techniques, Tips & Talk
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. Read more
Here’s your daily update direct from Starbucks, thanks to Irene
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Monday, the 29th of August.
It is hard to believe, but I am actually sitting in a Starbucks coffee shop writing this report. Irene certainly did her damage on the East Coast, and we like millions of other folks are without power today. It would appear that we were lucky with the hurricane, as many other folks were affected much more than us.
We are running on generator power at our headquarters in Maryland, however many of our staff on working from home today because of Irene.
Watch this weekends video here.
So let’s look at the markets, and see what’s going on. The equity markets are now approaching the highs that they put in about a week ago and are quickly reaching an overbought condition. Read more
Weekend Update for 8/26 – Don’t Worry Warren Buffett will lend you money at 11%
Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 8/26/11.
The major spin last week was the fact that Warren Buffett lent Bank of America $5 billion. But Warren is no fool, who wouldn’t want to get 11% on their investment guaranteed. Well, that’s pretty much what Warren got with Bank of America.
So what does that tell us, (1) that Warren is a very shrewd and hard nosed investor, and (2) Bank of America is in serious trouble, and is willing to pay that kind of interest for new funds. Just think about it, you only get 2% on a 10 year treasury.
It remains to be seen whether or not Bank of America is a good stock. Right now our Trade Triangle technology still indicates that the trend is down and has been for quite some time. If you are a member of MarketClub you can clearly see this on the charts where our Trade Triangles indicate exits or short sales. Sorry Warren, as we do not yet have 5 billion dollars to invest, we are sticking with our tried and true Trade Triangle approach to the markets
So let’s look at the markets and see what happened last week: Read more
It Has Been Quite A Week
Filed under: General, MarketClub Techniques, Tips & Talk, MarketClub Webinars, Trading Videos
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. Read more
Earthquake, Hurricane, and Warren Buffett
Filed under: General, MarketClub Techniques, Tips & Talk, MarketClub Webinars, Trading Videos
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Thursday, the 25th of August.
Boy what a week we are having!
First, Mother Nature sends an earthquake AND hurricane Irene to the east coast, then we get news that Warren Buffet is buying 5 billion dollars worth of Bank of America stock. The only thing that seems to be holding true is that the trend has remained our friend here at MarketClub!
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. Read more
The 7 Steps Of Every Market – Ignore Them At Your Own Peril
The SEVEN STEPS that every trader needs to know to succeed in trading.
Step 1: A move begins with the sponsors (smart traders) who have insider knowledge as it relates to a particular stock or market. This information will move a market up or down depending on the insiders’ information. These buyers are smart, very smart, and recognize trading/investment opportunities very early in the markup cycle.
Yesterday, We Posed The Question….
Filed under: General, MarketClub Techniques, Tips & Talk, MarketClub Webinars, Trading Videos
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Wednesday, the 24th of August.
Yesterday we posed the questions: Has the Gold and Silver market topped out? And have we seen the bottom in the Equity markets?
Today, Gold and Silver confirmed that they have topped out for the time being. The Equity markets are another story, and I’m not quite sure that we have seen a bottom put in place for those markets.
Be sure to catch tomorrow morning’s post! Most markets go through seven distinguishable steps and it would appear that Gold has met all those criteria. This post will be invaluable, in my opinion, for any serious trader. I think you’ll find it very timely and interesting. You should make yourself aware of these seven steps so you can recognize them in the future.
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. Read more
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