Author: The INO.com Team

One year later, reality sets in

Posted on by The INO.com Team

It's been just a little over a year since we had our first major buy signal for the S&P 500 at 888.70 on 5/4/09. Since that time, the S&P 500 has climbed approximately 61.8% from the lows that were seen in early March of '09 and the highs that were seen in October of '07.

We take our "Trade Triangle" technology very seriously and this signal today (5/25) at 1044.50 is our first major sell signal since 7/1/08 at 1,272.00 and should not be ignored.

There are a whole host of problems that are coming due around the world that will have negative consequences for the equity markets. The problems in Greece and Europe are well known and are likely to continue for the balance of the year. This is going to have a negative impact on markets in general. Continue reading "One year later, reality sets in" →

4 Steps to Mental Toughness for Short Term Traders

Posted on by The INO.com Team

As all MarketClub members know, psychology is a major factor in both investing and short term trading.  Chris Dunn, from the Emini Academy, is a major proponent of developing the proper mental mindset of a professional trader, and this week he’s contributing a helpful post on four steps you can take to have a strong trading mindset.
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In my opinion, day trading is top on the list of mentally stimulating professions.  It requires a mental toughness unparalleled by any other business.  For example, the influx of emotions and sensations felt by someone in a short-term trade can bring on fear stronger than that of certain death, or a euphoric sensation as if you just inherited a windfall of profits.

To become a professional trader with the ability to thrive in all market conditions, one must develop understanding and control over their personal psychological strengths and weaknesses.  In this article, we will talk about 4 steps that can help you develop a strong trading psychology and confidence to become a top-level day trader.

Step 1 – Build a Strong Foundation Continue reading "4 Steps to Mental Toughness for Short Term Traders" →

The Market Bulls Will Throw In The Towel At These Levels

Posted on by The INO.com Team

Down Chart

This month is shaping up to be a strong negative month for the global equity markets. The S&P 500 is down a whopping 11.34% for the month and 3.9% on the year. The DOW is a little better-down only 9.58% for the month and 3.45% for the year.

Despite today’s late covering rally, the bigger picture indicates that we are down overall on the week and the month.

Here are the levels that if, and it is an if, the markets break, then the stock market bulls will throw in the towel.

Here are the key levels of support for the month of May for the major indices:

SP500 - 1044
DOW - 9,835
NASDAQ - 2,100

Let's see how the markets act for the balance of the month. It will be interesting.

Every success,
Adam Hewison
President, INO.com
Co-creator, MarketClub