Today we are looking at a January crude oil contract, but this can be any of the other contract months.
We've looked at this market before and were expecting it to go higher. It did not, however, fulfill that promise and with a red weekly “triangle” in place, it appears as though this market is heading down, but is it?
The response from Bill's blog post from yesterday was so positive, I asked if he would be so kind as to delve deeper into the topics of escaping dependency and dealing with information overload. Please enjoy the article and comment below and feel free to check out Bill's site here.
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I want to thank everyone who commented on the previous discussion about the challenges facing traders today, especially forex traders.
In that recent posting I was talking about the Black Hole of dependency that has a strong hold on forex traders right now – but I didn’t really take enough time to delve deeper into that subject and broaden it enough to help struggling traders.
Today, I want to follow along that path.
Continue reading "Three Step Plan for Escaping Dependency and Information Overload"
This week’s Mastering MarketClub Webinar will cover our short-term “Trade Triangle” strategy. Our MarketClub expert Jeremy Lutz will cover this short-term strategy looking at the symbol GLD, which covers the gold market, and also a crude oil futures contract.
We hope that you’ll be able to join us on Friday, December 4th at 4 p.m. EST. Please click here to register and we’ll see you there!
If you would like to be notified about future webinars, click here to sign-up.
Best,
Susan Jackson
Webinar Administrator
INO.com & MarketClub
The month of November proved to be the perfect month for the Perfect Portfolio.
Out of the four markets that we track in the Perfect Portfolio, we’ve made money in three of them. To put it another way, the Perfect Portfolio was 75% correct. The biggest winner was our GLD position that tracks gold which gained 12.77% for the month. The next winner was SPY, which tracks the S&P 500 index. It went up 6.06%. Next to that was our position in the FXE which tracks the euro. This market produced a positive gain of 1.99% from November. The only ETF that disappointed us was the crude oil market which we used the symbol USO to track. This produced a negative return of .45%.
All-in-all, the Perfect Portfolio outperformed most other diversified strategies.
For the month of November we saw a positive gain overall of 5.09%. If you haven't watched our Perfect Portfolio video you can watch it here.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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