Morning Commentary for the Precious Metals

August gold closed higher due to short covering on Monday as it consolidated some of last Friday's decline. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If August renews the decline off June's high, May's low crossing at 1529.30 is the next downside target. If August renews the rally off June's low, June's high crossing at 1642.40 is the next upside target. First resistance is June's high crossing at 1642.40. Second resistance is reaction high crossing at 1674.30. First support is June's low crossing at 1547.60. Second support is May's low crossing at 1529.30. Continue reading "Morning Commentary for the Precious Metals"

Daily Video Update: Is Global Gloom Setting In?

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 9th of July.

This could be the start of a very interesting week, both in equities and in commodity prices. Earnings will be coming out this week on some major stocks and we will be on the lookout for more news from Europe. It would seem the global rate cuts last week did nada for the the markets so far.

TODAY'S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500 Continue reading "Daily Video Update: Is Global Gloom Setting In?"

Daily Video Update: Another Jobs Disaster Report …but will it translate into a loss of confidence in the stock market?

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 6th of July.

Here is where the markets stand: As of 11:30 7/06..... Continue reading "Daily Video Update: Another Jobs Disaster Report …but will it translate into a loss of confidence in the stock market?"

Daily Video Update: Happy 4th of July America and to all our American MarketClub Members enjoy the day.

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 3rd of July.

Today in honor of America's birthday, we will be looking at a red hot American market, corn. Corn has been on a tear lately! We will show you how the Trade Triangles coped with this amazing market.

3 STOCKS ON THE MOVE TODAY:
The following stocks had monthly BUY signals based on our Trade Triangle Technology and liquid volume of over one million shares traded daily Continue reading "Daily Video Update: Happy 4th of July America and to all our American MarketClub Members enjoy the day."

Daily Video Update: Wow!! I Guess Europe is not quite ready to roll over and play dead.

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 29th of June.

The devil is in the details and the situation in Europe has yet to be clarified. Let's see what happens when the details come out. At the moment, the markets are reacting positively to this quasi arrangement in Europe, but I believe it's too early to tell even looking at the markets. Continue reading "Daily Video Update: Wow!! I Guess Europe is not quite ready to roll over and play dead."