Saturday Success Story - Dave, Tennessee
At MarketClub, our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals—no matter which way the markets move—we promise objective and unbiased recommendations not available from brokers.
Here’s great news from a member…
“I’m new to MarketClub. I sold DAL at a -100 signal to preserve a nice profit. I am mostly using the site thus far to learn about fibonacci lines, MACD, trading techniques, etc. So far I like what I see at MarketClub.” ~ Dave C., Tennessee
To send your own success story, please email blog@ino.com. We wish all of our members the best and we look forward to hearing your success story.
Video Archive
Just a friendly reminder to MarketClub members and Trader’s Blog guests alike, we archive all of our Analysis Videos on the “Bonuses & Videos” page in our Help Section. If you are trying to find a video that was previously posted, you can quickly find it our video archive. Also, please feel free to share our videos with your trading buddies by using the “Share it Icon” that is at the bottom of all
posts.
Have a great weekend!
The MarketClub Team
Crude Oil … Going Higher?
A Quick Update on the Crude Oil Market
I was just looking at the charts and they are beginning to look very, very bullish. The formation I show you in today’s video is a classic continuation pattern to the upside. This pattern also confirms a Fibonacci target number we are looking at.
This video is short and to the point and I think it will get you thinking about this energy market.
RIMM’s …Big Bet!
“Research In Motion Ltd. (RIMM) will spend up to $1.2 billion to buy back about 21 million of its shares, or 3.6% of its total shares outstanding. The buyback will start Nov. 9 and last for up to one year.”
That was the headline news today on Research in Motion symbol RIMM so I decided to look at the chart to see what was going on in the “real world”. When I got to the chart, one thing immediately jumped out at me and that was the negative action that this market has shown in the past several weeks. Looking at this market a little closer I was able to see that our “Trade Triangle” technology was 100% negative and that our monthly “Trade Triangle” indicator had turned negative on October 28th at $63.38. This is a major negative in my mind for this market.
Good Luck Stevenson High School’s Economics Club
About a month ago, we received a passionate email from an economics teacher at Adlai E. Stevenson High School in Lincolnshire, Illinois. He informed us that he had created an Economics club at his school to increase financial literacy and show students how technical analysis can interface with their financial future. His club also participates in “The Stock Market Game” (a program of the SIFMA) to compete with other schools, both locally and nationally. After a request to have a discounted MarketClub subscription rate for his students, we decided that MarketClub would go ahead and sponsor his 6 student groups.
We were even more excited after researching this high school’s impressive reputation in the academic community. This ‘Blue Ribbon’ school (as awarded by the US Department of Education), has been listed for the last three years in Newsweeks, US News and World Report’s list of America’s best public high schools.This school boosts a 96.3% graduation rate, with 98% of those graduated students attending a 2 or 4 year college. How could you not have have great students, when you have teachers that reach out for the greater benefit of their students.
We would like to wish the 6 groups of Stevenson’s economic club to best of luck as they start to participate in the stock game. We know that with the support of their teacher and with the added analytical tool of MarketClub, they will do great. We’ll keep our Trader’s Blog community abreast of this economic team’s accomplishments.
Thanks for reaching out to us,
The MarketClub Team
Can History Predict the Future?
Cycles, rhythms, patterns, and seasons…no matter what you call them they are there in the markets. One market in particular is the Nasdaq and today I’ve invited Steve Hoven from NasdaqProfits.com to give us his insight into the patterns of the Nasdaq. If you have any other patterns you’d like to share please do so in the comment section and be sure and visit NasdaqProfits.com to check in on what he does!
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The Nasdaq Index is over 30+ years old.
Yet did you know that over those 30+ years on the date July 9th, the Nasdaq finishes the day UP over 85% of the time. That is right- since the early 1970’s when the Nasdaq began, it has been open 27 times on date July 9th and out of those 27 times, the Nasdaq has finished in the Positive 23 times and DOWN only 4 times.
(of course July 9th sometimes falls on a Saturday/Sunday when the markets aren’t open so that is why you only see 27 trades instead of 30+)
The Decoupling of Gold
The Decoupling of Gold
With today’s historic move into new high ground for gold against the dollar, has this market finally decoupled from the other markets?
In this short two minute video, I will share with you what I think the next major technical level is for this market. We will also be looking at an indicator that is close to kicking in that could sharply accelerate gold’s upward move. Gold has an enormous energy field below it that is capable of pushing prices significantly higher in the months ahead.
Weekly Trade Triangle Indicates Exit All Long SP 500 Positions
In our last video on the S&P 500 (10/27), we indicated that this market may have topped out for the year. Today’s action puts in place a weekly “Trade Triangle” which indicates that a temporary or a permanent top is now in place for this market.
In this latest video, I share with you some of the ideas that I think could potentially come into play for this market. Not only do I have some downside targets in mind, but I also see a pattern that could evolve in the next several weeks which will confirm that we’ve made a serious high in this market.
As always our videos are free to view and require no registration. I would really like to hear your thoughts on this market. Please feel free to leave your comments on the blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Traders Toolbox: Reversals Revisited…
At MarketClub our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals — no matter which way the markets move — with objective and unbiased recommendations not available from brokers.
The Trader’s Toolbox posts are just another free resource from MarketClub.
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“Reversals In my opinion, one of the most misused and abused terms in technical analysis is the reversal or key reversal. I often get calls from both new and experienced traders who are excited about a market because it has just posted a “key reversal.” While the action these traders point to often marks a reversal day, such a day (week or month) by itself actually has little significance. There is research which indicates single period reversals mark a turn only about 50% of the time. Which gives about the same odds of indicating a turn using a coin flip…”
Revisit the Trader’s Toolbox Post: “Reversals” here.
Q3 Results … Best Of The Year So Far
We’ve had numerous requests for our Q3 numbers and we apologize for getting them published so late. It’s not that they are bad, in fact, they are our best quarterly numbers so far for the year. Q4 looks to be stellar and we’re looking forward to sharing those numbers with you in the early part of 2010.
So how do we do in Q3?
As you may or may not know we track six markets and have been doing this since Q3 of 2007. The six markets are: corn, wheat, soybeans, crude oil, gold and the dollar index.
