Chart to Watch - Sugar

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the October Sugar (SB.V13.E).

I hope you are having a GREAT week !!!

This week let's take a look at October Sugar.

For futures we use the weekly MarketClub Trade Triangle for trend and the daily MarketClub Trade Triangle for timing.

Sugar has put in a weekly green MarketClub trade Triangle which means the weekly time frame is pointing up as of right now. Continue reading "Chart to Watch - Sugar"

Stocks extend slide as China adds to worries

There was no let-up in the flight from stocks and bonds Thursday as the Dow Jones industrial average plunged 353 points and wiped out almost two months of gains.

A day after the Federal Reserve roiled U.S financial markets when it said it could step back from its aggressive economic stimulus program later this year, financial markets continued to slide. A slowdown in Chinese manufacturing added to Wall Street's worries.

The breadth of the sell-off was seen across global financial markets, from sharply lower stock markets in Asia to falling government bond prices in Europe and the U.S. Gold also plunged.

The Dow's drop which knocked the average down 2.3 percent to 14,758.32 was its biggest since November 2011. It comes just three weeks after the blue-chip index reached an all-time high of 15,409. Continue reading "Stocks extend slide as China adds to worries"

Stocks edge lower as investors wait on Fed

The stock market is waiting on the Fed.

Major indexes drifted lower in midday trading Wednesday as traders wondered what the Federal Reserve will say about the U.S. economy and the central bank's huge stimulus program this afternoon.

The U.S. central bank will release its latest policy update at 2 p.m. Eastern Daylight Time and Bernanke will speak at a press conference thirty minutes later. Comments by Bernanke last month suggesting the central bank may soon ease that support unsettled investors and caused this year's rally in stocks to stall.

"All eyes are on Bernanke and markets are being held hostage until he speaks," said Joseph Tanious, Global Market Strategist at J.P. Morgan Funds.

The Fed has been buying $85 billion of bonds a month to support an economy that is still struggling to grow faster following the Great Recession.

The Dow Jones industrial average fell 19 points, or 0.1 percent, to 15,298 as of 12 p.m. Eastern Daylight time. Continue reading "Stocks edge lower as investors wait on Fed"

Crude Oil Breakout & Some Implications

At the moment, crude oil seems to be acting as a free agent instead of in concert with the commodity complex that would play a role in signaling the effects (or lack thereof) of the inflation to date.  The target off this formation, if it holds, is 110 or so.  But as noted in a previous post, a drive toward 110 would load a significantly higher target, which we have been charting in NFTRH over the last several weeks by monthly chart. Continue reading "Crude Oil Breakout & Some Implications"

Fundamentals Can Kill You If You're Not Careful!

Today we are going to be looking at two very different stocks. One stock had very bullish fundamentals and the other stock had bearish fundamentals. In today's video, I will show you what happened to each stock and why. I will also share with you why the fundamentals can really lag behind the real market action.

It's true, the fundamentals don't ring bells and tell you it's a top or bottom in the market. The fundamentals also don't tell you that they have changed and you should be locking in your profits. What if you had an early warning system in your back pocket that you know works? How valuable would this be to you and your portfolio?

It is unrealistic to think that you are going to sell at the top of every market and buy at the very bottom. That just doesn't happen, even for the most professional traders. During my career, it only happened to me once and I put that down to sheer luck.

Let's take a look at these two stocks now and get a feel for how they are trading.

The video runs just under 7 minutes and can change the way you look at the markets.

So what are you waiting for? Let's get started right away!

Enjoy the video, and every success in your trading.

Adam Hewison
President, INO.com
Co-Creator, MarketClub