Hi guys, just back from vacation in Canada, had a great time. If you ever have the opportunity to get up to see the Canadian Rockies or ride on the Rocky Mountaineer I highly recommend it. Lake Louise one of the most famous spots in the Rockies because of its natural beauty still was frozen on June 1st. We also ran into many closed roads because of the snow.
It is good to be back and while I was away and see some of the markets have reversed, and some stay strong. Looking at the markets, I see that the strong upward trends in equities are continuing, and that's something we've been following for quite some time.
It also looks like the Gold (FOREX:XAUUSDO) market is now mixed, and the same goes for the Dollar Euro market. Strong trends persist in the crude oil market and will you be following these and other trends in today's video.
So let's get started and see what's going on in the markets right now. I will analyze the markets major and minor trends and share with you what I think is going to happen next week.
Every success with MarketClub,
Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Friday, the 25th of April.
There's no question about it, these markets are in turmoil not knowing what to do. On one hand, the NASDAQ is showing a negative trend based on Trade Triangle technology, and the DOW and the S&P 500 are indicating a sideways trend at best.
Today I'm going to be looking at key areas to watch for in these markets and what to do if and when these levels are broken.
I still believe that the deal breaker in this whole equation is going to be what's happening in the Ukraine. With Putin flexing his muscles on the global stage and no one willing to stand up to him, he knows that he is going to win the game he is playing. Just yesterday, he indicated that sanctions mean nothing to him. That is the only weapon the west has or is willing to use against Russian domination of Europe. Like it or not, Putin’s aggression is going to cast a pall over all of Europe and a slowdown in business and the nascent recovery that was beginning to take place there. Continue reading "Proceed With Caution"
Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Thursday, the 3rd of April.
Major Trend : BULLISH
Intermediate Trend : BULLISH
One lesson I learned a long time ago in my trading career was to never fight the trend. Trends tend to persist longer and go further than most expect. Yesterday, the Dow 30 gave a signal that it was once again resuming its upward trend, joining the S&P 500 in a positive trend. The NASDAQ is in a neutral and sideways mode. Watch today’s video to see my upside target levels.
Continue reading "Why Major Trends Are Important"
Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Wednesday, the 26th of March.
It would appear as though most of the major indices have just been spinning their wheels and going nowhere fast in the past 4 to 5 weeks as they have all been in a broad trading range. This type of market action can lull investors to complacency, but for me it has always been a wake-up call to pay close attention to the market as something big is going to happen.
As I see it, the market is doing one of two things, it's either building a base to move higher or it's a distribution top – only time will tell which is the correct answer.
One of our members suggested that the Dow 30 could be making an inverse head and shoulders formation. Certainly this is possible, but I need to see a clear breakout to the upside to confirm this formation.
The other concern I have is the damage done to the NASDAQ earlier this week as it fell to a 6-week low. How this particular index closes on Friday is going to be very important in my mind. Again, I will be watching this market very closely for signs of either a continuation of the bullish trend or a top. Continue reading "Are The Markets Just Teasing Us?"
Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Thursday, the 20th of March.
If you have read my posts for any length of time, you will see that I frequently refer to the saying, "the trend is your friend." However in this case, there appear to be two developing trends that will offer some amazing opportunities, but at the same time create some very dangerous times for the planet.
I'm sure like many investors, you are tracking what is going on in the Ukraine and Crimea. I do not view this as a positive, in fact, I think this is a once-in-every-two-generations kind of event and a very negative trend not just for the US and Europe, but for the global community in general. Continue reading "2 Troubling Trends For Investors"