Kabuki theater and the raising the debt ceiling ...Weekend Video Wrap

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend trading update for the week ending on 7/22/11.

Out of the six markets we track every trading day, five markets were in positive territory for the week. The only market that did not end up in the plus column was the dollar index which fell 1.19%.

The percentage winner for the week was crude oil which moved up 2.32% and is on the verge of breaking out on the upside. The markets continue to wait and wonder as to what is going to happen with the debt ceiling talks.

It would seem like neither the democrats or the republicans give a hoot about the country, all they seem to be interested in is political gamesmanship and preserving their own power. We are as of today's taping no closer to getting a debt ceiling deal in place than we were a week ago. UGH!!!

Europe is still in a quandary even though the politicians are trying to save face and save the no win situation in Greece. Imagine the first bailout to Greece didn't work, so now we are going to loan Greece even more money to pay back. Does that make any sense to anyone?

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Watch The Close In Gold Today

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

As we go into this Friday, equities appear to be higher for the week as do gold and silver.  That is quite a conundrum!

The lack of any decision out of Washington DC continues to be an embarrassment for most US citizens.  It would appear the folks in Washington DC are more interested in keeping their jobs than doing what's right for the country.  I get the sense that there's a deep and growing anger across this great land that revolves around DC's failure to come to a debt resolution.

Never have so few ideologues been in control of the lives of so many people.  It is pathetic to see, in my humble opinion.

We will want to watch the close in gold today.  A close over $1,603 in spot gold would represent a new high close for this market, which would underscore the gravity of the financial system.

Now, let's go to the markets and see how we can protect and grow your money in 2011.

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Stocks Trading Higher Despite The Nagging Unemployment Problem

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

Stocks traded higher for the day despite the nagging unemployment problem here in the US.  This week marks the 15th week in a row that jobless claims for unemployment benefits have been over the 400,000 mark.  This is not exactly great news for the White House.

A second bailout for Greece seems to be finished and a done deal.  Does that mean the first bailout didn't work?  Does anyone in Europe really think that this second bailout is going to work?  There's no way the Greeks can or will  pay back these loans, of that I'm pretty certain.

Our Trade Triangle technology scores again as we have been long equities based on this technology for quite some time.  It proves that you don't have to read the news, you don't have to listen to news and you don't have to catch the latest rumor to be a winner in the market.  The market tells you what it wants to do, all you have to do is have a program like MarketClub's Trade Triangles to point the way!

Now, let's go to the markets and see how we can protect and grow your money in 2011.

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A Buying Opportunity For Gold and Silver?

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

Right after we had finished our 1 PM update, the President came on TV and indicated that the gang of six had come to some magical debt agreement.  That was all that was needed to rally the equity markets and push down the price of gold and silver.  Let me just say this, it's not a done deal until it's a done deal and I don't think this deal will get done.

The action in gold and silver today and the fact that they are both higher on the day right now, indicates that yesterday was probably a buying opportunity in both of these metals.

Let's just recap what has really happened.  Nothing has changed, we still have major, major debt problems ahead of us.  As I mentioned in yesterday's 1 PM update, I wanted to see how the markets closed for the day.  I think today is going to be even more important, as we are in the middle of the trading week and we still have the potential for a lot more news to come out.  Last week we closed at 1316 on the S&P 500 and for the month we closed around 1320.  We'll be watching to see if the S&P 500 will keep its upward momentum or have another push down to the 1300 level.

Now, let's go to the markets and see how we can protect and make your money grow in 2011.

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