Category: General

Kicking The Can Down The Road

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your market update for Monday, the 11th of July.

Last week, the standout story was the disastrous jobs report.  As this week unfolds, we are faced with more problems such as the debt ceiling and the total lack of cooperation between the Democrats and the Republicans.  It seems as though both parties are firmly entrenched in their own party lines and are failing to see just what it's doing to the country.

We have talked about this before, and the fact that the politicians both in Europe and here in the United States really don't want to face the truth has created the current mess over the last 20-30 years. It is always same old story of "kick the can down the road" and let somebody else take care of it.

Well, it's showtime or should I say it's a showdown now!  We need to get serious about getting this right in this country.  I believe that we got into this together and now we should get out of it together.

Now let's see how we can protect and make your money grow. Continue reading "Kicking The Can Down The Road" →

Advanced Trading Applications of Candlestick Charting

Posted on by The INO.com Team

Candlesticks; used by many...truly understood by few. As a special treat to Trader's Blog readers, Gary Wagner is offering you an in-depth look into candlestick charting. Join co-founder of Wagner Financial Group. and acclaimed author as he walks you through set ups in ways you can take your candlestick charting to a new level.

In this video workshop you'll discover the crucial chart patterns that candlesticks reveal - how to interpret them and how to use them to pinpoint market turns. You'll also learn how to use candlesticks in combination with familiar technical indicators like Stochastics, %R, Relative Strength Index and Moving Averages to create a dynamic, synergistic and extremely successful trading system.

WATCH NOW: Advanced Trading Applications of Candlestick Charting

Best,
The MarketClub Team

POLL: "Stock," Drop, and Roll..

Posted on by The INO.com Team

I don't think anyone was surprised to see that America's unemployment rate has hit new highs last month (since last September). What may have surprised some, though, was the almost immediate drop in stocks that followed. Here is a statistical chart posted by CNN Money...

 

So, what we want to know is...

Are you pulling out of trading stocks because of the current unemployment rate?

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As always, we would love to hear your thoughts on this current situation or even where you think things may go from here. Be sure to share in our comments section!

Best,
The MarketClub Team

No "Plan B"

Posted on by The INO.com Team

Hello, traders everywhere. Adam Hewison here, co-founder of MarketClub, with your market update for Friday the 8th of July.

It was a shocker. We only created 18,000 jobs and unemployment jumped up to 9.2% - how can we say things are getting better when here we are basically two years after the low in the equity markets with unemployment still stubbornly stuck over 9% and probably going back over 10%.

Folks, there is no "Plan B". For the past two years, this administration has declared warfare on business, particularly small businesses - the folks who actually create jobs in this country!

It is amazing to me that they could be so blinded with their political philosophy that they have actually forgotten that there are real people out of work that need jobs.  Small businesses - the very people who create 70% of all jobs in America, are being punished as the current administration wants to tax them more. How stupid can things get. Oh, they can get pretty stupid.

As I mentioned yesterday in my 1 p.m. update, I felt that the S&P was in thin air and also as cyclic high. I think we could be seeing the start of a 15 to 20 day correction. We also recommended taking some money off the table in our crude oil trade which also went very well.

As mentioned earlier I'm doing this report a little bit earlier as I feel today could be an important turning point in the markets.

Now let's see how we can protect and make your money grow. Click here to watch the video. Continue reading "No "Plan B"" →

Indexes are high

Posted on by The INO.com Team

Hello traders everywhere. Adam Hewison here, co-founder of MarketClub, with your 1 p.m. market update for Thursday the 7th of July.

The indexes are all higher for the day and are now close to major resistance basis the S&P 500. Our trade triangle technology has been bullish on the S&P 500 since $1,300 and we are sitting on some nice profits. However I do believe that we are close to a cycle high period and that we could see some profit-taking coming into the index markets next week. The current rally has been on extremely light volume even for summer trading.

Crude oil pushed upwards to the $100 a barrel range today and I think perhaps we are close to seeing this market peter out and take a rest in the short term. Technically, the market is fast approaching the upward level of its Donchian trade channel. I expect that we will see some profit taking coming in around current levels.

Other markets were generally quiet so far today.

Now let's see how we can protect and make your money grow. Click here to watch the video. Continue reading "Indexes are high" →