A Game of "Wait and See" Anyone?

Hello traders everywhere!  Jeremy Lutz here, filling in for Adam with your mid-day market update for Friday, the 28th of October.
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The major indices are nearly unchanged after moving moderately lower earlier in the session today.

It appears that traders are reluctant to make any significant moves following the substantial upward move Thursday.  That move was caused by news that European leaders finally made headway towards a potential deal to resolve the regional debt crisis.

Traders look to be taking a "wait and see" approach to this rally, wondering if there will be any follow through next week.

Now, let's go to the charts and see how we can create and maintain your wealth in 2011. Continue reading "A Game of "Wait and See" Anyone?"

Is This Rally For Real?

The Video has been updated to a new version. Thank you for your patience.

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 27th of October.
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Is this rally for real and should you trust it?

The Dow is shaping up to have its biggest ever monthly October gain in the history of the Dow.  The question traders have to ask themselves, is this for real and should I get long this market?

Everything was sparked off late last night when they thought they had an agreement with the banks to take a 50% haircut on their bond holdings. To put it in simple terms, if you have something worth $10 on your books, it was now only worth $5. And that's a relative term, as there is no real trading market for these bonds at the moment.

The sharp upward move in October came as a surprise to many professional traders, as well as hedge fund managers. Today's action was largely a squeeze play, with the shorts getting squeezed out of their positions forcing them to buy back at higher prices.

Now to get back to our initial question, should you trust this rally in the market? According to our Trade Triangle technology and the long-term trends, not at the moment. Our long-term Trade Triangles on all the indices are still in a negative mode. Somewhere along the line this will change and we will either get a signal to resume short positions or reverse and go long. We will wait and see the outcome of this current move and how it affects our strategy and Trade Triangle technology.

Now, let's go to the charts and see how we can create and maintain your wealth in 2011. Continue reading "Is This Rally For Real?"

Getting Technical To Find Potential Trades

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple and straight-to-the-point. If you like this article, Larry’s also agreed to give you free access to one of his top trading secrets.

Today he's going to talk about using technical indicators to find potential trading opportunities.

If you know your way around a price chart (Tip#5) then you are ready to learn a little more about technical analysis. This kind of analysis is defined as an attempt to try to forecast price movements based on patterns observed in price changes on charts, or other changes that are not rooted in fundamental observations. Continue reading "Getting Technical To Find Potential Trades"

Do You Know Which Way the Market Is Headed?

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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Don't miss MarketClub TV Tonight at 5pm EDT.
E-mail us your questions at marketclubtv@ino.com or call 410 867-2100 extension 129.
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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?"

How the Best Analyst In the World Nailed Netflix …

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 25th of October.
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Don't miss MarketClub TV this Wednesday at 5pm EDT.
E-mail us your questions at marketclubtv@ino.com or call 410 867-2100 extension 129.
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How the best analyst in the world nailed Netflix … And why Tuesdays are so important.

Most every day we interact with the best market analyst in the world. The problem is most traders don't even know it, or think about it. Continue reading "How the Best Analyst In the World Nailed Netflix …"