Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 26th of October.
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It's Wednesday, do you know which way the market is headed?
What is gold telling us?
Do you think there is going to be a resolution to the crisis that continues to fester and grow in Europe?
I think everyone is pondering if the European problem is ever going to be fixed. I for one, don't believe it is going to be fixed. Now we hear that Italy is going to up the retirement age from 65 to 67, but it won't be going into effect in 2026. Who are they kidding?
If you think Greece was bad, Italy is going to be another big problem waiting to happen. Then we have Spain, Ireland and who knows who else is going to bite the dust...
These are interesting times, and they do lend themselves really well to making money. If you are watching the markets and are nimble in your choice of markets to trade, both from the long and short side, you will do very well.
Don't forget to watch MarketClub TV tonight, our one-hour show on the market. We go live at 5pm EDT, and if you can't make that time, we rebroadcast the show throughout the day on demand. That gives you the option of watching it when you have time. We will be covering some pretty interesting action on the markets that we are seeing today.
Now, let's go to the charts and see how we can create and maintain your wealth in 2011. Continue reading "Do You Know Which Way the Market Is Headed?"