Today, 11/12/09, the gold market took its first corrective action on the downside. The question many traders will have now is, have we hit the high end for gold this year?
In my latest video I examine that question in some of the internals that I see and feel are important in this market.
As always our videos are free to watch and there is no need to register. Please feel free to share your comment regarding the gold market on our blog.
Adam Hewison
President, INO.com
Co-creator, MarketClub
On Wednesday, 11/11/09, the Dow Jones Industrial Index rallied to a 50% retracement level based on MarketClub's Fibonacci measuring tool. The action today indicates that this level is very important and that it could be an important top for this market.
In my latest video I cover both the Dow and the S&P 500 and tell you what I think is going to happen to both of these markets in the near and intermediate term.
Continue reading "Two Major Forces Collide in the Index Markets"
A common question asked by new MarketClub members is, “where do I start?” While we’re always happy to answer that question for anyone who calls or emails, we knew there had to be a better way to reach members on a larger scale. That being said, we’re excited to announce the start of weekly “Introduction to MarketClub” webinars for MarketClub customers.
During these weekly webinars we will cover: an overview of the program, our “Trade Triangle” trading strategy, and frequently asked questions as well as user submitted questions. For those who are not able to be present during the live webinar, we will post recorded versions of the webinar on our site.
If you’re not familiar with the term, a webinar is a web-based seminar which allows attendees to dial into a conference call and also view the presenter’s screen from any computer. You only need to download a quick applet to join in.
Our first webinar will be this Friday, November 13th at 4pm EST hosted by our resident MarketClub expert, Jeremy Lutz. To help us work out all of the bugs, we are extending an open invitation to a small group of current MarketClub members for “beta” testing on a first-come, first-serve basis.
If you’d like to attend, just email us at
we*****@in*.com
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with your username to reserve a spot.
Today's invited guest blogger is "Forex" Joe Atkins the Chief Strategist of OU Forex Trading. Joe is mainly focusing on forex in this article, but the principals can be applied to all markets. Please check out the article today. Feel free to comment below, and see a preview of the Forex project Joe's been working on for the past three months.
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Our self-esteem, or self-worth, is often based on our failures and successes in life. I challenge each of you to generate an honest appraisal of yourself before making a commitment to take back full responsibility of your financial affairs.
Some people have faced a few key failures in life and have never recovered, while it seems that people with high self-esteem take pride in how they have faced adversity and lived through adversity.
How did you fare in 2008 both financially and personally?
How have you faced adversity in 2009 both financially and personally?
Continue reading "Preparing for 2010 Demands Reviewing 2009"
After hitting our first upside target of $1,110 two days ago, gold prices backed off but still managed to close at their best levels today for a new record high close in New York basis the spot gold.
The question now is, what's going to happen to gold after it hit our first target level?
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