Adam Hewison is a retired floor trader and past member of several major exchanges including the International Monetary Market (IMM) a division of the Chicago Mercantile Exchange in Chicago, Index and Options Market (IOM) Chicago, New York Futures Exchange (NYFE) and The London Financial Futures Exchange (LIFFE).
Adam is the author of "Right on the Money, The Definitive Guide to Forecasting Foreign Exchange Rates" and numerous other financial ebooks and web videos. Adam is frequently seen on CNBC and Bloomberg TV as the credible expert on the markets. Adam is sought after and interviewed by the financial press including the Wall Street Journal, Investors Business Daily, The Financial Times, Reuters, Dow Jones and Associated Press for his views on the market.
J. Adam Hewison is a retired founder of INO.com, Inc. Adam retired from INO in 2016, and on behalf of the entire staff, we wish him well.
i want to know the exact level of gold and silver and crude
Hi Jerry,
Your welcome - You'll notice this sort of action in a lot of things, even rate cuts are supposed to (and I say classic theory here), see the currency depreciate, but when it is highly anticipated, OR the market is already exhausted one way, news has no effect except to go the opposite way.
Another thing worth noting.
When analysts make predictions, look to see how concentrated those predictions are. For example, if 100 analysts have varying predictions, the number offered by Wal Street is an average, but in reality, that is just an average and not and indication at all of all analysts predictions.
For example the NFP last night - the consensus was -75,000 jobs, but was this a concentrated estimate (meaning all analysts surveyed were saying -75,000 +/- 5,000), or what is just an average of a massive spectrum of estimates ranging from +50,000 to -150,000.
The point is, if it was a concentrated estimate and the actual number is even slightly off, you'll see a market move and quite violently, however when the estimate is just an average the market has little reason to move anywhere, if the data comes out within that spectrum.
Last night in terms of USD, I did not see a move that was all that exceptional, considering it came in at -20,000 compared to -75,000
Dean thanks. I looked for other "bad news" and could not find any. Most of what I found should have made the stock trend up ... as well as the good earnings announcement. However, Mr. Market can act funny at times which is why I sometimes think any stock selection scheme is really nothing more than a WAG (if you know what I mean).
Thanks again!
Hi Jerry,
Often this occurs because the earnings announcement was highly anticipated, and if this is the case, everyone plays their hands (buys in), well before the announcement. What you have is an exhaustion of buyers, leaving only sellers at the door. What is normally the catalyst is the lack of any real movement upwards which starts to shkae out the weka hands, and the bulk then follow.
However there may also have been some other news and this may be the reason
Dean
I realized today that after great earnings announcement HOLX has fallen 26%. Does anyone know what is happening here?
I am learning to use market club. I would love to see the ability to have several portfolios ie stocks, futures, etfs, maybe industry groups also. Not a criticizem just an idea to make a great sight greater. BTW it seems that the mkt is so news fed, do you think news alerts would be valuable? Thank you Dean
Hi Dean,
I agree with your portfolio suggestion. Our technical team has placed this feature on their To-Do-List. I do not know when this new feature will be implemented, but it is a great idea and it is being worked on.
Also, have you seen the News Portfolio? It is a section in MarketClub that allows you to set news alerts for market you actually watch. Check out this video as well as our link in the help section.
http://club.ino.com/join/whatyouget/news/
http://club.ino.com/help/faq/category/10/news-scan.html
Best,
Lindsay