Are Rome and Athens Rearranging the Deck Chairs?

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 7th of November.
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Are Rome and Athens rearranging the deck chairs?

Changing the leadership in Europe is sort of like rearranging the deck chairs on the Titanic, as we steam forward to meet that big financial iceberg.

Talk that Berlusconi is going to resign and that the present Greek Prime Minister Papandreou is going to resign when the new coalition government is formed, is all about delaying the inevitable. Continue reading "Are Rome and Athens Rearranging the Deck Chairs?"

The Trend Trade & Breakout Strategy - Two Parts of the Trading Plan

From time to time, we here at the Traders Blog will feature a person or product that stands out in the trading world. Today that trader is Alan Knuckman of the Wizard.com. Alan will be sharing part of his Trend Trade and break out trading strategy. Be sure to comment below with your thoughts and questions.

Hello traders I’m Alan Knuckman, Senior Market Strategist. I can be seen every week on financial television networks such as CNBC, Bloomberg, FOX Business and Reuters. I’m blogging today about my favorite trading strategy and my weekly trend breakouts for the week of November 7th.

With over 20 years plus experience in the markets, it has been proven to me that the real money is made on established trends.  Chasing turns and trying to pick tops or bottoms is extremely dangerous and only a gamble at best.  Financial success on the other hand is about repeatedly identifying high probability candidates and taking a chunk out of the proven market momentum. Continue reading "The Trend Trade & Breakout Strategy - Two Parts of the Trading Plan"

Weekend Update: THE GREEK MINDSET ROCKS THE MARKETS!

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 11/04/11.
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THE GREEK MINDSET ROCKS THE MARKETS

One of my favorite musical pieces, is the music from Zorba the Greek. If you haven't heard the music, or  if you were too young to have seen the movie (1964), starring Anthony Quinn and Alan Bates, you might want to watch it. The movie captures the Greek mindset perfectly, and that mindset is still in place almost 50 years later. Zorba the movie is available on Netflix to those of you who still use that service. Continue reading "Weekend Update: THE GREEK MINDSET ROCKS THE MARKETS!"

TGIF! What a week!

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 4th of November.
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TGIF! Groupon goes public, Jon Corzine resigns and the money mystery goes on at MF GLOBAL.

I think many traders will agree this has been one heck of a week, with referendums coming and going.  If that was not enough, we had the G-20 meeting, John Corzine resigning and MF global going down the tubes, amongst a whole slew of other problems.

I think it's interesting to note that the sharp down move we witnessed in the markets on Monday and Tuesday, was followed by two sharp upward days which basically took the market back to a 61.8% Fibonacci retracement level.  We will discuss and illustrate that point in today's video. Continue reading "TGIF! What a week!"

Why Is Today's Market Close Important?

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

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Europe cuts rates … and what happened to that missing $600 million?

Europe cuts rates by .50 basis points. New guy, new rules. Jean-Claude Trichet is out and Mario Draghi is in. Now, US regulators are wondering what happened to $600 million in customer funds under MF Global's care. I am sure there is more to come on that front.

It's Thursday and how the market closes today is going to be very important in my mind. If we see the S&P 500 close lower, I think that will be a negative vote for the stock market. Additionally, if we see the bank stocks close lower on the day, I believe that's a negative vote for the banks. Continue reading "Why Is Today's Market Close Important?"