S&P 500
2057.09
+5.27 +0.26%
Dow Indu
17678.70
+6.10 +0.03%
Nasdaq
4771.52
+13.64 +0.29%
Crude Oil
45.21
+0.06 +0.13%
Gold
1281.46
+3.71 +0.29%
Euro
1.131945
+0.007745 +0.69%
US Dollar
94.535
-0.390 -0.50%
Strong

Is This ETF Laying The Foundation For A Rally In Crude Oil?

Picking bottoms is not something one should do if you're going to be a successful trader. But looking at market that may be forming a bottom is a good exercise, and one that you should be doing on a regular basis.

I had done this before gold reversed to the upside traded over $1300 an ounce. Maybe it's time to look at crude oil and see if it's beginning to set itself up for a move to the upside.

Technically, the Trade Triangles remain negative on crude oil, so there is no reversal showing up with those technical tools.

The story is a little bit different with the RSI indicator. This particular indicator is showing that there is a big positive divergence on the Energy Select Sector SPDR ETF (PACF:XLE), and it is one that spans months.

Today I'm looking at the ETF XLE and the fact that if it closes higher for the week, it will be a positive sign. The previous week saw a very important Japanese candlestick formation call a "Dragon Fly Doji" this can be interpreted as a strong indication of reversal. It all depend's on how XLE closes this Friday. [Read more...]

How The Oscars May Affect The Way You Look At The Markets

This past weekend I saw a great movie titled, The Imitation Game starring Benedict Cumberbatch and Keira Knightley, both of whom are nominated for Academy Awards, as is the movie itself.

The Imitation Game chronicles the life of Alan Turing, who is largely credited with developing the computers we use today. The story revolves around the incredible work that was done at Bletchley Park in England to break the German Enigma code. At the time, the Enigma code and machine were thought to be unbreakable. The breaking of this code helped shorten and end the war. Otherwise, I would be writing this post in German and not English (I was born in England right after WW2).

If you haven't seen the movie, I highly recommend seeing it and witnessing the extraordinary genius of a remarkable man named Alan Turing.

Why would I discuss and recommend a movie when MarketClub and INO.com are financial websites dealing with stocks and futures? The reason I bring this up is because I wanted to share with you some math today that can help you in the market.

Now don't worry this is not high-level mathematics, it has more to do with a remarkable sequence of numbers known as the Fibonacci sequence. [Read more...]

Gold Is Sending A Very Strong Message, Are You Listening?

Hello MarketClub members and friends of MarketClub everywhere! Today, I have a brief market update on the general market and an in-depth analysis on gold.

2015 has not started off too well for the US equity markets, while the reverse seems to be true for the action in gold (FOREX:XAUUSDO). What's going on? Oil continues to slip, which most economists thought would be good for the economy, but it does not seem to be helping the market. This brings me to my next thought...

Do you know about the "January Barometer"? Since World War II, if the market closes down in January, the average price change was usually flat in the remaining 11 months. So while certain stocks may do very well overall if the market closes down this month, look for a less than stellar year.

As you can see, while stocks have been swooning, gold has actually been on the move to the upside. As I write this, gold is up almost 3% and we are only 6 days into January!

Take a look at the chart and you can see that gold has almost completed an important technical formation known as a "head and shoulders bottom", one of the most reliable formations in your technical arsenal.

A higher close today clearly breaks over the the all important "neckline" resistance level. Once over the "neckline," I can see gold moving based on the head-to-neckline measurement up to the $1,330 to $1,340 level.

Wishing you all the very best in 2015.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

The 5 Keys To Trading And The 1 Key To Your Success

Like life, there are certain trading rules that you have to follow if you want to be successful. The following 5 trading rules and the 1 key to success are used in one way or another by every professional trader I know.

For those members that have been with us for a while, you may have seen these rules before. For those members who have recently joined MarketClub, you will find these 5 trading rules and the 1 key to success to be an important building block to your future success.

Rule #1: Attitude

Attitude is so important in your approach to investing and trading.

Rule #2: Game Plan

Trading without a game plan is like crossing the ocean without a compass, you are going to get lost and run into a lot of problems without a game plan.

Rule #3: Trend

I'm sure you have heard the expression, "the trend is your friend." Well, truer words were never spoken in trading. This article will show you how to quickly determine the trend in any market. [Read more...]

Watch Big Lots, Inc. (NYSE:BIG) Today

Hello traders and MarketClub members everywhere. Just a quick update today on Big Lots, Inc. (NYSE:BIG). Should this stock close at or near its high for the day on Friday, you might want to go home long this stock based on our weekend rule.

BIG LOTS (NYSE : BIG)

If you are not familiar with "The 52-Week New Highs on Friday" rules, here they are again.

Rule #1: When a stock hits a new 52-week high on a Friday and closes at or close to its high for the day, go home long that stock for the weekend.

Rule #2: Exit this long position on the opening the following Tuesday.

Rule #3: If the stock opens sharply lower on Monday, exit this position immediately.

"The 52-Week New Highs on Friday" rules work extremely well in futures and in Forex.

Be sure to leave your comments below this post and have a great weekend.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

The Perfect ETF Portfolio

Hello traders and MarketClub members everywhere! Today, I'm going to be looking at the Perfect ETF Portfolio. This is a very simple portfolio to follow and track and we provide you with all the signals and turning points before they occur.

The Perfect ETF Portfolio was designed to track and take advantage of the major financial markets we have identified as being important in the long run, stocks, gold, the Dollar and crude oil. These four ETF instruments were chosen to give your 401(k) program or retirement program the broadest possible protection, no matter what happens in the world. After all, it is your retirement money and your nest egg, so this is not money you should be gambling with. [Read more...]

One Way To Take Advantage Of This Difficult Period

For some time now, I've been talking about the volatility of the markets and for the last three days, volatility has been front and center. So, what is an investor to make of this and what opportunities are there to make money?

One way to take advantage of this difficult period is to look at our Smart Scan technology. In today's graphic, you can see that the market is beginning to tilt more and more to the bearish side of the ledger.

You can see by the Smart Scan numbers, the "Long Term Down" stocks now exceed the "Long Term Up" stocks by almost 400. When you look at "Chart +100", which means there's a strong uptrend, you see just 140 stocks trending upward. The number of stocks trending down in "Chart -100" is over 1000!

There are many stocks that are close to or have just reversed to the downside and you should be either on the sidelines in these stocks or shorting them.

With this being the last day of a tumultuous week, I expect the market to be a little exhausted and do not expect to see a big move either way today. Having just made that statement, I'm going to hedge myself and say as this is Friday, markets can and do sometimes go into turmoil.

This could be a perfect weekend for utilizing the "52-Week rules". In this case, I would favor the "52-Week rules" on the downside of the market. If you are not familiar with the rules for shorting the market, here they are again. [Read more...]

How To Trade Like A Billionaire

Wouldn't it be nice if you could look over the shoulder of a billionaire to see exactly what they are doing to make the kind of profits they make?

Well, now you can.

It’s no secret we've had some fantastic moves in 2014. The question is, are they going to continue? The short answer is, some will and some won't. Today I want to share with how five well-known billionaires traded in one particular stock. I am going to put our Trade Triangles to the ultimate test to see how they performed against these billionaire traders.

The five billionaires are Jorge Lemann, Leon Cooperman, Ray Dalio, Daniel Loeb and David Einhorn. We know, thanks to SEC filings, that these five super traders hold positions in the stock of Andarko Petroleum Corp. (NYSE:APC).

I am going to show you about where they entered the market and their average price. I'm also going to show you where our Trade Triangles entered and exited the market. I believe the trend has changed for APC and while these billionaires are holding on, MarketClub's Trade Triangles are signaling a sidelines position.

Based on what we are seeing it is going to be an interesting fourth quarter.

This is where our five Billionaires are positioned right now: [Read more...]

Ouch, Yesterday Was An Expensive Day For Many Investors

Has the market topped out?

For the last couple weeks, I have been somewhat skeptical of this market and whether it could keep on moving higher. Yesterday, we witnessed a collapse of several major stocks that were pushing this market higher particularly in the NASDAQ sector.

According to our Trade Triangles, you should get out of the NASDAQ and S&P 500 as they both are showing weekly intermediate-term trends that have turned negative. The DOW is the only index that is holding up so far. The red line for the DOW this week is 16,937 and should the DOW break below that area, it would put all three major indices in an intermediate downtrend.

The following stocks show intermediate downtrends (red weekly Trade Triangles) and unless you are a long-term investor, you should be on the sidelines in these stocks.

Apple Inc. (NASDAQ:AAPL)
Amazon.com Inc. (NASDAQ:AMZN)
eBay Inc. (NASDAQ:EBAY)
Yelp Inc. (NYSE:YELP)
Tesla Motors Inc. (NASDAQ:TSLA)
Netflix Inc. (NASDAQ:NFLX)

To find out if your stock is in trouble, check out the talking chart symbol on the top of every chart. Learn more here.

Now is the time for caution and not bold moves, in my opinion.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Who Will Win The Next Big Financial Frontier?

There's something coming that is going to be very big and all the major companies, from Amazon (NASDAQ:AMZN) to Google (NASDAQ:GOOG) to Apple (NASDAQ:AAPL), are all vying to control and own this new frontier. This could be as big and as ubiquitous as the Internet.

Who among these three players is going to win?

On Tuesday, Apple rolled out its new iPhone, along with the new Apple Watch, and something that didn't get a lot of attention called Apple Pay. Now all of these same technologies exist with other companies in one form or another, but what I see as the next big thing for all of the above-mentioned companies is going to be mobile payments.

But what if none of these companies are successful on the upcoming financial frontier, who will take the prize? [Read more...]

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