Has Unemployment Started a Long Term Trend?

Stocks are on the rise today due to a better than expected report on February hiring from the Jobs Report. We talk a lot about trading with trend here at MarketClub and it seems that the unemployment rate has established a trend. However it doesn't appear to be trending up or down, but rather sideways. The unemployment rate has remained virtually unchanged for the last three months. So we want to know....

What's ahead for the unemployment rate?

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As always we would love to hear your opinion on the matter. Please leave a comment below.

Every Success,

The MarketClub Team

How To Be A Trader - Part 3

Today’s guest is Markus Heitkoetter, CEO of Rockwell Trading and author of “The Complete Guide to Day Trading.”  Today Markus is going to share with you Part 1 in a series of articles on what he believes it takes to be a trader. We already talked about it in the previous article: Being able to determine the direction of  the market is one of the most important skills of a trader, because it dictates the type you trading strategy you use. In a trending market, you want to use a trend-following strategy. And in a sideways market, you want to use a trend-fading strategy. For more information on this topic please read the previous article "How To Be A Trader - Part 2"

How To Identify The Direction of The Market

Way back in the 90s I used fundamental analysis to try and predict the market. Long story short, it didn't work for me. Continue reading "How To Be A Trader - Part 3"

3 ways to the use the 200 day moving average

Today we welcome Michele Schneider to the Trader's Blog. Michele is going to share with you how she uses the 200 day moving average to trade. Michele "Mish" Schneider is the Director of Trading Education & Research for MarketGauge. She provides in-depth trader training as the market analyst, writer and host of Mish's Market Minute, contributes to several online trading publications a series of trading strategy articles called Taking Stock, and serves as a regular contributor to MarketGauge's free newsletter Market Outlook.

The 200 day moving average may be the granddaddy of moving averages. Simply put, a financial instrument that is trading above it is healthy; below it, anemic. The 200 day moving average measures the sentiment of the market on a longer term basis. This is where major players like pension plans and hedge funds need to look in order to move a large amount of stocks. I display it on all my workspaces proudly, formatted in emerald green and real thick so I can't help but notice. Continue reading "3 ways to the use the 200 day moving average"

Higher Gas Prices?

The hot topic this week is the possibility of $5.00 gas here in the US. With tensions in the Middle East and inflation on the rise we want to pose this question to our readers.

Would higher gas prices have a negative effect on the economy?

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As always, we would love to hear what you have to say on this topic. Please leave a comment below.

Every Success,

The MarketClub Team

How To Be A Trader - Part 2

Today’s guest is Markus Heitkoetter, CEO of Rockwell Trading and author of “The Complete Guide to Day Trading.”  Today Markus is going to share with you Part 1 in a series of articles on what he believes it takes to be a trader.

In the first article of the series "How To Be A Trader" we talked about the mindset of a trader and the importance of having realistic goals. You have learned that consistency is more important than windfall profits every now and then, and that a weekly target of only $100 - $200 can compound to very nice yearly returns. If you haven't had a chance to read the first article of this series, click here to read "How To Be A Trader - Part 1"

Today we will talk about the most important skill of a trader. And it doesn't matter whether you are day trading or swing trading. It doesn't matter whether you are trading stocks, forex, options or futures. It doesn't matter whether you are new to trading or have been trading for a while. The skill I am going to talk about in this article is the foundation that EVERY TRADER needs. If you cannot master THIS, your chances of making money with trading are slim to none.

So here is the most important skill of a trader: Continue reading "How To Be A Trader - Part 2"