Today's Video Update: Barbie Shows Her Age

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 22nd of July.

Has Barbie reached the age of retirement yet? Today we received a major cell signal in Mattel (NASDAQ:MAT), the makers of the Barbie doll. I will be analyzing this stock today and sharing with you just how low I think this stock can go. In addition to Mattel, I will also be analyzing the share price of Teva Pharmaceuticals (NYSE:TEVA) and Hess (NYSE:HES). Continue reading "Today's Video Update: Barbie Shows Her Age"

Gold Chart of The Week

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (July 22nd through July 31st)

Ben Bernanke remained in the spotlight last week when his testimony reminded global markets that FED tapering would not begin until unemployment is below 6.5% and inflation is moving above 2%. That was the third or fourth reminder of the outcome of the FOMC meeting that took place a few weeks ago. So just in case anyone forgot the message the first two times, he was sure to get the news to them from another platform.

The reminder kept most commodities nicely underpinned and  provided decent intraday volatility to trade throughout the week. Continue reading "Gold Chart of The Week"

Today's Video Update: Is the high price of crude oil going to torpedo the equity markets?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 19th of July.

One piece of financial news that doesn't seem to generate a lot of press is the high price of crude oil. The price of crude oil has been sneaking up for the past month and is now fast approaching $110 a barrel. That equates to a 15% price hike for anyone driving or using any kind of products that use petroleum, like plastics, paint, roof shingles, cosmetics, tires, asphalt and many many more products that we use on a daily basis.

It is interesting to note that the Fed does not include energy or food items in its inflation index.

The question has to be asked, "is the high price of crude oil going to torpedo the equity markets?"

At the moment, it would appear as though the markets are ignoring crude oil prices and focusing on earnings. If the high price of crude oil continues, I would expect it will eventually catch the eyes of smart traders and could act as a catalyst for a market break. At the moment the torpedoes are in there tubes waiting to be fired.

With a target zone of $110 per barrel for crude, I see no reason to abandon long positions and want to hold firm for longer term traders. This market could be a classic weekend play. Watch today's video and I'll explain why.

Detroit Goes Belly Up And Gold Goes Nowhere
Despite the news that the fourth largest city in the US just declared Chapter 9 bankruptcy, gold prices barely moved. In fact, gold has been moribund for the last four weeks with all our Trade Triangles still in a bear mode.

If You Do Nothing Else This Month, Watch This Video

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Have a great trading day,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Bloomberg BNN CNBC FOX

Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.

Chart to Watch - Cocoa

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Cocoa. (NYBOT_CC.U13.E).

I hope you are having a GREAT week !!!

This week let's take a look at the Cocoa futures chart.

With futures we use the weekly to tell the trend and the daily for timing the trade.

Right now Cocoa is on a monthly, weekly, and daily MarketClub green Trade Triangle. Having the monthly on a MarketClub green Trade Triangle is not necessary to take the trade, and it is bullish having the monthly Trade Triangle pointing up. Continue reading "Chart to Watch - Cocoa"

My Early Morning Appearance On CNBC Asia

MY EARLY MORNING APPEARANCE ON CNBC ASIA
I had the pleasure last night or I should say early this morning to be interviewed by the lovely Chloe Cho of CNBC ASIA in Singapore about my outlook on the markets.

I thought you might enjoy this clip watching this lively exchange on Chloe's "Capital Connection" show. The delightful Carolin Roth who also anchors the show out of London asked me a very interesting question, about a well known stock. My answer may surprise you just as it surprised Chloe and Carolin.

Here is the link it will take you to the clip I am talking about. You may have to view a brief commercial coming from CNBC (not us) before the clip plays.

Chloe Cho100014162-100014162-CNBCTV-BD-Capital-Connection.160x105Carolin Roth

You can also click on the images above they both take you to the same clip.

All the best,
Adam