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+12.27 +0.95%
Dow Indu
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+83.59 +0.68%
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CRB Index
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US Dollar
81.186
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Strong

Barrel of Monkeys?

June 23, 2011 By

Hello traders everywhere. Adam Hewison here, co-founder of MarketClub, with your 1 p.m. market update for Thursday the 23rd of June.

Choppy, choppy, markets. Today’s action should be viewed as a test of the lower range in the S&P 500. This market is very close to breaking the 200 day moving average. Many traders consider this to be one of the most important long-term technical indicators for the equity markets. The exception to this is the NASDAQ that is already below the 200 day moving average and looks like we’re going to see further downside action. The other big news was the sharp drop in precious metals. We were warning about this in our commentary yesterday as gold was grudgingly going up and up, popping above the upper levels of the Donchian channel. The release of 30 million barrels of crude oil will last about a day and a half in the US. This action can only be viewed in my mind as a desperate measure to win popularity for the current administration. I have seen many times in the past that when governments get involved in the markets, they never come out ahead. As we said in yesterday’s video, a low risk entry point for short term traders should be around $90.07 at the bottom end of the Donchian channel.

 

Now let’s take a look at the markets… [Read more...]

Filed Under: General, MarketClub Techniques, Tips & Talk Tagged With: , , , , , , , , , , , , ,

Does Bernanke know best?

June 22, 2011 By

Hello traders everywhere.  Adam Hewison here, co-founder of MarketClub, with your 1 p.m. market update for Wednesday the 22nd of June.

Yesterday it was Greece, today it’s Ben Bernanke and the FED. What is really going on with the equity market is that no one has strong feelings either on the upside or downside . This neutrality is reflected in our +55 reading indicating that the market remains in a trading range. Today we want to do something a little bit different, I am going to go through each of the markets quickly, and  then zoom in and focus on two markets crude oil and silver. I think you’ll find our analysis quite interesting and informative.

Now let’s take a look at what’s happening in the markets… [Read more...]

Filed Under: General Tagged With: , , , , , , , , ,

All Eyes Are On Greece

June 21, 2011 By

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Tuesday the 21st of June.

All eyes are on Greece as the vote will be taken this afternoon at five o’clock Eastern standard Time. That is a vote of confidence on the last 30 measures and also on the government. As you know, the market has been in an oversold condition and I think today’s rally was reflective of that move from an oversold condition. Crucial 5 PM Vote comes in when the markets are closed. If there is a vote that is negative then these markets will come crashing down tomorrow. This is just like gambling in that no one knows what’s going to happen with the Greek government. My own view is if they do agree on what they’re doing it will just be kicking the can down the road.

Now let’s take a look at the markets.… [Read more...]

Filed Under: General Tagged With: , , , , , , , , ,

Would you have bet on the Malaysian Index?

June 20, 2011 By

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Monday the 20th of June.

The big news over the weekend was Greece and the 17 nations were unable to come to an agreement to put together a package for that beleaguered country. This agreement has been pushed off yet again until July. Markets both here and Europe initially reacted in a negative fashion but have come back and appear to be regrouping and rethinking the implications of this delay.

The bank stocks however still look sick and the trends are clearly down in this sector.

The Shanghai and Hong Kong indexes are also looking very negative as are most equity indexes around the world. The only index that is looking positive using our trade triangle technology is the Malaysian index.

Let’s take a look at the major markets now… [Read more...]

Filed Under: General

Traders Toolbox: Momentum Revisited…

June 20, 2011 By

MarketClub is known for our “Trade Triangle” technology. However, if you have used other technical analysis indicators previously, you can use a combination of the studies and other techniques in conjunction with the “Trade Triangles” to further confirm trends.

Momentum measures the change in a commodity’s price with time. M = Pc-Pn where M = momentum, Pc = current period’s price and Pn = price n periods ago.

The length of time used for the prior period is a matter of personal preference and time horizon of the trader. A narrow window of less than five periods back would be short-term in nature while six to nine periods would be considered intermediate; 10 or more would be a longer time perspective. [Read more...]

Filed Under: General, MarketClub Techniques, Tips & Talk Tagged With: , , , , , , , ,

MarketClub’s weekend update for the week ending on 6/17/11

June 18, 2011 By

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the week ending on 6/17/11.


MarketClub Weekend Update
Adam Hewison

The big news last week was the fall in crude oil which dropped 6.5%. This fall was reflected in a 3.56% drop in the CRB Index. The equity markets snapped there losing streak with a close that was barely higher for the week. This coming week should be very interesting and one that all traders should watch closely.

The problems with debt, Greece, and a host of other global challenges have not gone away and cannot be glossed over economically or politically. Any of these problems are potential economic time bombs that could blow up at anytime.

Here’s last week’s changes for  the major markets….

SP 500 +.04% Silver -.90% Gold +.48% Oil -6.5% $ Index +.22% CRB Index -3.56%

Watch the weekend update now. If you haven’t watched our 1 PM updates, I recommend you take a look on this blog at some of our earlier postings.

As always, we rely on our market proven Trade Triangle technology for catching the big moves.

Every Success,

Adam

Adam Hewison

Co-founder of MarketClub

Filed Under: Trading Videos

Which is more exciting: the market of late or a game of Pong? You choose.

June 17, 2011 By

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Friday the 17th of June.

I guess the most common expression I’m hearing is “kick the can down the road.”. It would seem as though politicians the world over are pretty much the same. None of them wants to face the truth that there is no more money. So what do they do they, “kick the can down the road.”

And once again the taxpayers have to come up with the money. Lending more money to Greece is the height of insanity in my opinion simply because how can they possibly pay back the first tranches of money that was already lent to them? But that’s what’s happened today; Merkle and Sarkozy  made concessions and basically declared that “happy days are here again,” but are they really? I was talking to a good friend of mine this morning who is one of the smartest people I know and I asked him point-blank, what do you think of the global and US economy? Here is what he said to me, “It is a time to be cautious and guarded.” Those were his exact words. I’ll let you think about that.

So okay enough of what my smart friends think, let’s look and see what the market thinks about everything.

Here’s what’s happening in the major markets right now … [Read more...]

Filed Under: Trading Videos Tagged With: , , , , , , , , , , ,

RIMM – From “CrackBerry” to oblivion in one fell swoop?

June 17, 2011 By

Research in Motion (NASDAQ:RIMM), the makers of the BlackBerry aka “CrackBerry,” is down more than 20% in trading today after some pretty bad earnings reports.

Now if you’re a trader that relies heavily on fundamentals, you may have been caught in this dive.

However, MarketClub members came out ahead of the game by simply following the “Trade Triangles” which had us out of RIMM in March at $64.25… a far cry from the high $20 range we’re currently trading at.

P.S. If you’re not a member, you might want to take advantage of our last chance deal of 2 free months on a year membership. Click here for more details!

Filed Under: General Tagged With: , , , ,

Bouncing back? See which markets may be headed back up.

June 16, 2011 By

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Thursday the 16th of June.

I ask myself this question this morning, what is going to put this market higher? The market action itself is not positive and the confidence level to drive the markets higher doesn’t appear to be there in any large measure. The markets are rapidly drawing a line in the sand and when that line is broken and if you watch this show, I will tell you when. It’s going to be every man and woman for himself. Get prepared for some extraordinary trading opportunities in the not to distant future.

Okay, now here’s what’s happening right now in the major markets … [Read more...]

Filed Under: Trading Videos Tagged With: , , , , , ,

More of the same, but are we starting to tip down?

June 15, 2011 By

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Wednesday the 15th of June.

Okay, now here’s what’s happening right now in the major markets (click to watch the video)…

SP 500: -70. The market action today can only be described as negative. A score is now -70 and our downside target for this market is 1250. Major downside support is at 1250.

Silver: -70. I would watch this market very carefully today as I feel that it is probably at the lower end of its range. We would use the Donchian Channels along with the fact that this market is oversold and expect to see a bounce from current levels. Major Support at 34.00.

Gold: +70. Gold is currently oversold and we expect to see this market balance sometime in the near future. We would not be surprised to see further sideways action but we want to be long this market as the Donchian channel comes in at 1503. Major support at 1,500. [Read more...]

Filed Under: Trading Videos Tagged With: , , , , ,
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