Copper Eyes $3 Amid Upbeat Chinese Data

Aibek Burabayev - INO.com Contributor - Metals


Back in May, I posted an update for copper where I shared my concerns about the possible negative impacts of the cooling Chinese economy. At the same time the technical chart didn’t confirm those concerns and on the contrary, showed a possible upside move for the metal.

In this post, I would like to share some macro economic charts and an update of the technical chart.

Chart 1. Copper Vs China Industrial Production (Monthly)

China Industrial Production vs. Copper
Chart courtesy of tradingeconomics.com

I chose the period of the chart above from the start of 2016 intentionally to highlight the time when the metal began to consolidate after a huge drop down. Continue reading "Copper Eyes $3 Amid Upbeat Chinese Data"

We Hit The Exit Button On Apple

Hello MarketClub members everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 16th of April.

We Hit The Exit Button On Apple

Our weekly Trade Triangle kicked in today for AAPL, alerting intermediate traders to exit this amazing stock.

DailyXchange
Here is your opportunity to share charts, markets, and what you are seeing with our Trade Triangle technology or any other technical indicators with your fellow MarketClub members. So post and prosper! Continue reading "We Hit The Exit Button On Apple"

MarketClub's Weekly Wrapup for 3/23. This week's BIG Winner - MAKO + 13.67%

Hello fellow traders everywhere, Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 3/23/12.
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SECTOR SCORECARD  Weekly Changes

CONSUMER GOODS: +0.30%
SERVICES: +0.86%
HEALTHCARE: +0.20%  This week's big winner MAKO + 13.67%
ENERGY: -2.08%
TECHNOLOGY: +0.13%
FINANCIAL: -0.04%
INDUSTRIAL GOODS: -1.66%
MATERIALS: -0.40%
UTILITIES: +0.11%   This week's big loser DYN - 23.59% Continue reading "MarketClub's Weekly Wrapup for 3/23. This week's BIG Winner - MAKO + 13.67%"

Weekend Wrap Up: Apple hits $600 and the S&P500 index closes over 1,400. What's next?

Hello fellow traders everywhere, Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 3/16/12.

Last week was a strong move for the equity markets and gold slipped to ten week lows. Despite rumors of releasing strategic oil reserves the oil market closed practically unchanged for the week.  The metals were lower for the week and look to be on the Continue reading "Weekend Wrap Up: Apple hits $600 and the S&P500 index closes over 1,400. What's next?"

MarketClub's Weekend Update

Hello fellow traders everywhere, Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 3/09/12.

Last week was a choppy week for the equity markets and the official Greek default could be a whole new problem this comig week. Trends persisted in the energy markets while the metals were Continue reading "MarketClub's Weekend Update"