Predictive Highs and Lows

After Adam revisited the rules of the "52-week new highs on Friday rule," we convinced Darrell Jobman to share one of his related webinars as a special treat to out Trader's Blog viewers. In this webinar, he shares specific examples on how to use indicators to trade your favorite global markets. Darrell has been writing about financial markets for more than 35 years and has become an acknowledged authority on derivative markets, technical analysis and various trading techniques.

WATCH NOW: Strategy Trading Using Next Day Predictive Highs and Lows

Best,
The MarketClub Team

Trading on "Eggshells"

Hello traders everywhere. Adam Hewison here, co-founder of MarketClub, with your 1 p.m. market update for Friday the 24th of June.

It has been quite a week with the Greek problem still not out of the woods. Ben Bernanke indicated that the economy is not so good after all. Plus the release of 30 million barrels of oil just enough for the US to get through a day or two. How crazy is all of that.

Okay, here it is the end of the week and the markets are mixed at 1pm. The Dow is down for the week right now, the NASDAQ is on the plus side, and the S&P500 is stuck in the middle of the road and has barely changed this week.

Now let's take a look at what's happening in the markets today... Continue reading "Trading on "Eggshells""

Bernanke Approval Rating

Bernanke gave his second speech last Wednesday voicing his pessimism regarding the state of the U.S. economy. After his speech, people were left with mixed emotions on whether there is any worth to his words and if he (and the FED) will ever make this attempted recovery successful. So we are taking our own approval rating...

Are Bernanke's tactics right for this economic state?

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Barrel of Monkeys?

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... Continue reading "Barrel of Monkeys?"