Tag: CRB

Barrel of Monkeys?

Posted on by The INO.com Team

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?" →

All Eyes Are On Greece

Posted on by The INO.com Team

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

All eyes are on Greece as the vote will be taken this afternoon at five o'clock Eastern standard Time. That is a vote of confidence on the last 30 measures and also on the government. As you know, the market has been in an oversold condition and I think today's rally was reflective of that move from an oversold condition. Crucial 5 PM Vote comes in when the markets are closed. If there is a vote that is negative then these markets will come crashing down tomorrow. This is just like gambling in that no one knows what's going to happen with the Greek government. My own view is if they do agree on what they're doing it will just be kicking the can down the road.

Now let's take a look at the markets.... Continue reading "All Eyes Are On Greece" →

Bouncing back? See which markets may be headed back up.

Posted on by The INO.com Team

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Thursday the 16th of June.

I ask myself this question this morning, what is going to put this market higher? The market action itself is not positive and the confidence level to drive the markets higher doesn't appear to be there in any large measure. The markets are rapidly drawing a line in the sand and when that line is broken and if you watch this show, I will tell you when. It's going to be every man and woman for himself. Get prepared for some extraordinary trading opportunities in the not to distant future.

Okay, now here's what's happening right now in the major markets ... Continue reading "Bouncing back? See which markets may be headed back up." →

Find winning trades in today's 1PM Update

Posted on by The INO.com Team

Adam's UpdateGood afternoon and thanks for stopping by for the 1PM Afternoon Update.

During today's update, we'll be looking at how the major markets are faring today, Monday, June 13th, 2011, but also looking at what the Trade Triangles are telling us are big movers are for this week.

Quick update:

S&P (-60) looking at support around 1250
Silver (-70) oversold
Crude Oil (+65) with choppy action
Dollar Index (-85) bearish
CRB Index (+90) with resistance at 350

Every success,

Adam Hewison
President of INO.com
Co-founder of MarketClub

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