This is where the dollar is headed … fasten your seat belts
Hi, this is Adam Hewison. I have just finished creating a video on the dollar index that I am sure you’ll enjoy watching.
The short video quickly shares my through on the dollar and where this market may go. We’ve had a huge success in this market and would like to share with you our ideas on what we think will happen to a dollar when (and if) the bailout is voted into law by Congress.
You do not need any special software,and there is no charge to watch this video.
What happens to the dollar index will have a direct bearing on what happens to the stock market and the economy as a whole.
I’d strongly recommend that if you are concerned about the economy you take a few minutes of your time and watch this video. You will see how you can benefit from the scenario we envision for the future.
MarketClub Members: you can go to the bottom of your homepage above your portfolio and click the Members Videos link to watch this video and avoid the registration page. Please email support@ino.com if you have any issues with the video and our customer service representatives will help you out.
Good luck,
Adam Hewison
President, INO.com
Co-creator, MarketClub
No matter what anyone says or does, watch the market action.
No matter what anyone says or does, watch the market action. Only the market action tells you the true trend.
There is so much confusion in regards to the $700 billion bailout. Remember, that it’s not written in granite just yet.
Looking at the market action… I have to say that this market is still not healthy and looks as though it will continue to erode the equity markets.
Gold continues to consolidate and appears as though it wants to move higher in the near-term.
What always amazes me, and it shouldn’t amaze me anymore as I have seen enough screw-ups in the market, is the government’s inability to act before a major financial disaster takes place. This latest rescue plan is a perfect example. Everyone in the industry, and even people not involved in the investment industry knew all about the “garbage” that was going on. Everyone knew except Washington, and in classic Washington style the regulators buried their heads in the sand and just wanted it to go away.
I’m sure you knew folks in your own neighborhood who suddenly became mortgage brokers as that was the thing to do to make some fast money. I wonder what the qualifications were for that job?
I don’t want to be too cynical, even though this post will probably put me in that camp, but the facts are the facts… we had incredibly inexpensive money for several years thanks to Alan Greenspan. Interest rates were at 40 year lows and it was so inexpensive to borrow money and basically speculate in housing and stocks. Many uneducated people were sucked into speculating in stocks and real-estate based on cheap money. Imagine buying a house with no money down and no verifiable income. It defies commonsense and logic, yet this was common practice at the height of the market.
Wall Street dug itself into this disaster because of greed. The CDO’s and SIV’s were the brainchild of someone who had no clue as to what they were creating. These two non-exchange traded and non transparent investments could only spell disaster for the US in the long run. In the market there is no free lunch, and I think that this $700 billion lunch bill is the perfect example that will be taught in financial classes for the next five decades.
I am sure that after things settle down, Washington will once again hold their famous hearings about who did what, when, and who is to blame. While the blame has to go in my opinion, squarely on the SEC and the FED due to their lack of leadership and lack of rule enforcement. I would still love to know who pulled the strings to remove the uptick rule in 2007. I would also like to know why the 1-20 leverage rule was removed in 1999 under the Clinton administration. All these SEC rules were put in place to protect the public and to avoid bear raids on stocks.
Hopefully we can make some sense out of this and get back on our feet as a country and start building products and making things again to make America strong.
Okay, enough preaching… let’s look at a recent event in the marketplace.
We received a lot of e-mails yesterday based on the sharp run-up in October crude oil. The reason for this run up was a classic squeeze on the shorts.
We have always advocated you should not be trading in the lead month of any futures market, and certainly you should not be trading on the last trading day for any futures contract. This should be left to the professional institutions, who are either making delivery or taking delivery. This, the biggest one day move on crude oil, was a classic case of a tug and war between these institutions. Today’s pullback just shows you the true picture as to what’s really going on. I am sure the headlines on the crude oil today will not read … crude oil down $24 for the day.
Once again, if you are a speculator in futures, do not go into the lead month with a position. It just does not make sense, and the chances of you losing money are very high.
Thanks for taking the time to read this blog posting.
Every success in the future,
Adam Hewison
President, INO.com Co-creator, MarketClub
Where gold is headed in the next 6 months
We are the government, we’re here to help.
I believe the only help the government gave us last week was pushing gold prices higher. During last week’s massive bailout and intervention in the credit markets one of the few markets to close higher for the week was gold. This tells you a tremendous amount about how traders are thinking about the future.
These are extraordinary times we are living in, and we have to take advantage of what the markets are offering us at the moment. The fact that there was no follow-through today in the equity markets tells me that there’s so many questions about this bailout that are yet to be ironed out. That in turn creates more uneasiness in the marketplace.
I still believe that stocks are in a bear market and that we can see a trade down to the 10,000 level basis the DOW. Having said that, I would be trading gold from the long side until our “Trade Triangle” Technology points to a change in trend direction. With the technicals all in place, and the fundamentals certainly pointing to higher gold prices, I think traders should be looking at this market from the long side. Some of our cyclic work indicates that gold could be strong until February or March of 2009.
Enjoy the video. It’s short and it’s available now with our compliments.
Every success trading,
Adam Hewison
President, INO.com
Co Creator, MarketClub.com
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Time to laugh
A very successful stockbroker parked his brand-new Mercedes in front of his office, ready to show it off to his colleagues. As he got out, a truck passed too close and tore off the door on the driver’s side. The stockbroker immediately grabbed his cell phone, dialed 911, and within minutes a policeman pulled up. Before the officer had a chance to ask any questions, the stockbroker started screaming hysterically. His Mercedes, which he had just picked up the day before, was now completely ruined. When the stockbroker finally wound down from his ranting and raving, the officer shook his head in disgust and disbelief. “I can not believe how materialistic you stock brokers are,” the cop said. “You are so focused on your possessions that you don’t notice anything else.” “How can you say such a thing?” asked the stockbroker. The cop replied, “Don’t you know that your left arm is missing from the elbow down? It must have been torn off when the truck hit you.” “My God!” screamed the stockbroker. “My Rolex!”
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The joke while funny captures the what’s in it for me attitude that we have all been living with for the past several years/Adam.
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Is Starbucks beginning to perk?
It was just about a year ago when I wrote a blog titled, “Love the coffee … hate the stock.”
The analysis I posted turned out to be right on the money for that stock, and that stock was Starbucks. Well here we are, 21 months later and again looking at Starbucks, but from a different perspective. I was looking through some of our charts on MarketClub and Starbucks came to my attention as I noticed it had a break-out over a 21 month old trendline.
Now, it’s too early to say that Starbucks is shooting up to the moon. I don’t think that would be a likely scenario, but it does mean that we may have seen the worst for Starbucks at least in the short-term. For the past three months, Starbucks has been moving sideways unlike the stock indexes which have been going south. Sometimes it’s worthwhile looking at markets that are just a little bit different in their trend of the general market.
If you have a few minutes, check out my latest video on Starbucks. In this short video, I explain exactly what I’m looking at and how I think this market will act in the near future
The video is for educational purposes only and should not be construed as a recommendation to buy or sell Starbucks stock.
Enjoy the video and every success in trading.
Adam Hewison
President, INO.com
Co-Creator, MarketClub
Here’s a potential trade you might find interesting.
The Chinese say, “may you live in interesting times.” While we are certainly living through some interesting times in the financial markets, I think most traders and investor would agree that change brings opportunity.
By now we all know and have heard the horror stories about the problems in the financial markets, the AIG bailout by the government and SEC Chairman, Christopher Cox, changing the naked short role again. It boggles the mind as to what’s next?
I think it’s time to look at an interesting trading and chart pattern which I’m sure has been discovered by many MarketClub members. For those of you who are not familiar with this pattern, this short video should help you understand one of the principal trading patterns of the market.
After watching the video, I’m sure you agree that with current market movement, the potential to make in profit on this trade is very high. The purpose of this video is to educate, but certainly you can trade this pattern successfully in the future.
If you have any questions please don’t hesitate to call our offices and 1-800-538-7424. Remember, we are not brokers we are educators. Our goal is to help you achieve your maximum efficiency in the marketplace by making educated trading decision.
Thanks for watching the video,
Adam Hewison
President, INO.com
Co-Creator, MarketClub.com
Never get married to any stock because the divorce gets expensive.
Here’s a trading tip that you can use.
Never, repeat never, get married to a stock because the divorce is very expensive.
In this short video, we look at Apple, Inc. I have to admit I love Apple products. I have an iPhone, an iMac and an iPod touch, which by the way you can win one by entering the contest on our blog.
Apple stores are always packed when I go to the mall. But the stock action is terrible.The market action tells us that we’re headed lower, so what’s the deal? Why would you trade Apple based on stores that are full? You wouldn’t, you only want to trade based on market action.
The world has changed, it is not a buy and hold market anymore. You need to be nimble, trade with a game plan and be disciplined. Those are the keys to success in the marketplace today.
Thanks for stopping by and enjoy the video. I hope it helps you in your own trading.
Adam Hewison
Co-Creator, MarketClub
The poster child of the AIG disaster
Last night while sitting in my living room flipping through the TV channels I stumbled upon Jim Cramer’s Mad Money cable show. I had watched the show once or twice before and found Jim to be a great entertainer and faster than a speeding bullet with his quips. But what really got my attention last night wasn’t what stock he was pushing, but rather who he was ranting about. Cramer was ranting about SEC chairman Christopher Cox and his decision to remove the uptick rule on July 6th of last year.
Chris Cox what were you thinking??
So here is a picture of the poster child for the lack of regulation on Wall Street.
Christopher Cox is the 28th Chairman of the Securities and Exchange Commission. He was appointed by President Bush on June 2, 2005, and unanimously confirmed by the Senate on July 29, 2005. He was sworn in on August 3, 2005.
The SEC voted to remove the “short sale tick test”, Rule 17 CFR 240.10a-1 for all equity securities. Effective Friday, July 6, 2007 traders will be able to short all securities on an up, down, or zero tick.
RULE IMPLEMENTED: DOW July 6, 2007 13,611 - DOW September 16, 2007 11,059
Loss 2,552 Dow points
It’s not often that I agree with Cramer or his investment pics, but I have to admit that I agree 100% with what he said last night about Chris Cox. If you are as mad as Cramer is about Chris Cox then email him. chairmanoffice@sec.gov
I doubt that you’ll hear from Mr. Cox personally, but you will feel better that you did something about the lack of regulation on Wall Street.
Adam Hewison,
President INO.com
A perfect trading example …
Here is a perfect example of why you shouldn’t pay too much attention to the news.
This past weekend, hurricane IKE slammed into the Gulf Coast leaving death and destruction in its path.
One would think that an event like this would cause oil prices to skyrocket, right? Considering that the Gulf is home to major oil refineries, the functionality of these plants would have a direct impact on supply.
The reality of the situation is that crude oil prices plummeted on Monday morning, dropping dramatically below the $100 a barrel price range for the first time this year.
If you haven’t watched our trading video “How To Trade From A Desert Island,” here is the link. You’ll learn that listening to the market is more important than listening to the news.
You may also want to take a look at our “How To Trade Crude Oil In 90 Seconds” video. We have not changed our proven trading approach to this market. We are using the same technique that has shown such stellar returns over the past four quarters.
You can see our returns right here.
There are going to be some great trading opportunities for the balance of the year and particularly in Q4. If you would like to capitalize on the opportunities ahead, I strongly suggest you take our “30 Day Risk Free” trial to MarketClub. I personally use MarketClub to spot big move either up or down in stocks, futures and the forex markets.
Enjoy the videos and every success in your trading,
Adam Hewison
President, INO.com
Co-Creator of MarketClub.com
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Are you prepared for what is going on today??
This trading year is rapidly winding down and will soon go into the history trading books. Are you prepared for the last quarter?
There are going to be some phenomenal trading opportunities
in Q4, and those opportunities and profits are going to
go to the well prepared trader.
What is a well prepared trader?
A well prepared trader, has a game plan. A well prepared
trader, accepts losses and knows that it is part of the
business. A well prepared trader is disciplined.
These videos that can help you prepare.
The boy scout motto is “be prepared”.
It is a success motto every trader should have in their
arsenal of trading tools.
Have a great trading week, and an even better Q4 and ‘09.
Adam Hewison
President of INO.com
Adam Hewison is a former floor trader and past member of
several major exchanges, including the International
Monetary Market (IMM) a division of the Chicago Mercantile
Exchange in Chicago, Index and Options Market(IOM) Chicago,
New York Futures Exchange (NYFE) and The London Financial
Futures Exchange (LIFFE). Adam is the author of “Right on
the Money, The Definitive Guide to Forecasting Foreign
Exchange Rates” and numerous other financial ebooks and web
movies. His latest project, MarketClub is a new web site
dedicated to catching big moves in the markets using Adam’s
“Trade Triangle” approach.
