What do you think? Leave a comment, I want to know how you feel.
Every Success,
Adam
Author: The INO.com Team
Advanced Trading Applications of Candlestick Charting
Candlesticks; used by many...truly understood by few. As a special treat to Trader's Blog readers, Gary Wagner is offering you an in-depth look into candlestick charting. Join co-founder of Wagner Financial Group. and acclaimed author as he walks you through set ups in ways you can take your candlestick charting to a new level.
In this video workshop you'll discover the crucial chart patterns that candlesticks reveal - how to interpret them and how to use them to pinpoint market turns. You'll also learn how to use candlesticks in combination with familiar technical indicators like Stochastics, %R, Relative Strength Index and Moving Averages to create a dynamic, synergistic and extremely successful trading system.
WATCH NOW: Advanced Trading Applications of Candlestick Charting
Best,
The MarketClub Team
Weekend Update --- 18,000 jobs are you kidding me?
Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend trading update for the week ending on 7/08/11.
Despite a very scary jobs report last Friday the S&P managed to close out the week with a meager gain of .30%. The big star of the week had to be silver, which jumped 8.35% to its best levels in several weeks. Gold followed course with an impressive gain of 3.79%.
One market we closely watch and have talked about many times before, is the Reuters/Jeffries CRB Index. This Index is made up of raw commodity prices. Included in the index is crude oil which tacked onto last weeks gains with a solid 1.82% gain. However the overall index was up 2.16% and confirmed the bullish engulfing line we talked about in last weekend's report. An important low is now in place for this index. The Reuters/Jeffries CRB Index is the best indicator we have for detecting signs of inflation. It is also Ben Bernanke's worst nightmare, its the one index he won't quote or even talk about. This is a critical week for this index and it should be watched closely.
Continue reading "Weekend Update --- 18,000 jobs are you kidding me?"
POLL: "Stock," Drop, and Roll..
I don't think anyone was surprised to see that America's unemployment rate has hit new highs last month (since last September). What may have surprised some, though, was the almost immediate drop in stocks that followed. Here is a statistical chart posted by CNN Money...
So, what we want to know is...
Loading ...As always, we would love to hear your thoughts on this current situation or even where you think things may go from here. Be sure to share in our comments section!
Best,
The MarketClub Team
No "Plan B"
Hello, traders everywhere. Adam Hewison here, co-founder of MarketClub, with your market update for Friday the 8th of July.
It was a shocker. We only created 18,000 jobs and unemployment jumped up to 9.2% - how can we say things are getting better when here we are basically two years after the low in the equity markets with unemployment still stubbornly stuck over 9% and probably going back over 10%.
Folks, there is no "Plan B". For the past two years, this administration has declared warfare on business, particularly small businesses - the folks who actually create jobs in this country!
It is amazing to me that they could be so blinded with their political philosophy that they have actually forgotten that there are real people out of work that need jobs. Small businesses - the very people who create 70% of all jobs in America, are being punished as the current administration wants to tax them more. How stupid can things get. Oh, they can get pretty stupid.
As I mentioned yesterday in my 1 p.m. update, I felt that the S&P was in thin air and also as cyclic high. I think we could be seeing the start of a 15 to 20 day correction. We also recommended taking some money off the table in our crude oil trade which also went very well.
As mentioned earlier I'm doing this report a little bit earlier as I feel today could be an important turning point in the markets.
Now let's see how we can protect and make your money grow. Click here to watch the video. Continue reading "No "Plan B""
