Category: MarketClub Techniques, Tips & Talk

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Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 27th of October.
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Is this rally for real and should you trust it?

The Dow is shaping up to have its biggest ever monthly October gain in the history of the Dow.  The question traders have to ask themselves, is this for real and should I get long this market?

Everything was sparked off late last night when they thought they had an agreement with the banks to take a 50% haircut on their bond holdings. To put it in simple terms, if you have something worth $10 on your books, it was now only worth $5. And that's a relative term, as there is no real trading market for these bonds at the moment.

The sharp upward move in October came as a surprise to many professional traders, as well as hedge fund managers. Today's action was largely a squeeze play, with the shorts getting squeezed out of their positions forcing them to buy back at higher prices.

Now to get back to our initial question, should you trust this rally in the market? According to our Trade Triangle technology and the long-term trends, not at the moment. Our long-term Trade Triangles on all the indices are still in a negative mode. Somewhere along the line this will change and we will either get a signal to resume short positions or reverse and go long. We will wait and see the outcome of this current move and how it affects our strategy and Trade Triangle technology.

Now, let's go to the charts and see how we can create and maintain your wealth in 2011. Continue reading "Is This Rally For Real?" →

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 26th of October.
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It's Wednesday, do you know which way the market is headed?

What is gold telling us?

Do you think there is going to be a resolution to the crisis that continues to fester and grow in Europe?

I think everyone is pondering if the European problem is ever going to be fixed.  I for one, don't believe it is going to be fixed.  Now we hear that Italy is going to up the retirement age from 65 to 67, but it won't be going into effect in 2026.  Who are they kidding?

If you think Greece was bad, Italy is going to be another big problem waiting to happen.  Then we have Spain, Ireland and who knows who else is going to bite the dust...

These are interesting times, and they do lend themselves really well to making money.  If you are watching the markets and are nimble in your choice of markets to trade, both from the long and short side, you will do very well.

Don't forget to watch MarketClub TV tonight, our one-hour show on the market.  We go live at 5pm EDT, and if you can't make that time, we rebroadcast the show throughout the day on demand.  That gives you the option of watching it when you have time.  We will be covering some pretty interesting action on the markets that we are seeing today.

Now, let's go to the charts and see how we can create and maintain your wealth in 2011. Continue reading "Do You Know Which Way the Market Is Headed?" →

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 24th of October.
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As we begin the trading week, I want you to ask yourself this question. IS PERSONAL COACHING RIGHT FOR ME?
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Is it reversal time for the markets?

At the start of a new week, have we turned around or is this just a correction in a larger bear market?

I think you'll find today's video interesting as the S&P 500 has made a remarkable recovery. However, it is back at a crucial Fibonacci retracement level which could present major problems for this index.

In our recent survey we asked traders if they were concerned about what is going on in Europe. A remarkable majority, over 75% said they were, and they do watch events in Europe very closely.

At this point, Europe is really the tail that wags the dog and we are not optimistic that things are going to work out in a positive fashion. They have had a total of 13 summits in a period of 20 months trying to solve this problem. With the likes of Berlusconi, can you imagine telling him what to do? And other players like Nicholas Sarkozy shouting to Brian Cameron of Great Britain to shut up and butt out. And that's the stuff we hear about!

Imagine the stuff we don't heard about.

Now, let's go to the charts and see some of those important retracement levels, and let's see how we can create and maintain your wealth in 2011. Continue reading "Is It Reversal Time For the Markets?" →

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 20th of October.
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Will Europe ever make up it's mind?

The continuing back and forth squabbling going on in Europe continues to be a real problem for the markets.

The risk on, risk off trade is becoming a daily ritual for many traders. We want to refer to our long term Trade Triangles to continue to keep us on the right course.

If you didn't have a chance to watch our MarketClub TV show last night, you may want to take some time and look at what we were saying and what the markets are doing today.

We want to be very watchful of the S&P 500 Index, as a move and close below the 1200 level should be viewed as topping action for this index.

It is all going to come down to tomorrow, and how we close in the markets. I believe that the politicians in Europe are really no different from the politicians on this side of the pond. They do not want to make a decision that would cost them their job. We have said from the beginning that we thought Europe was a disaster, as you have many different countries pulled together in alliance called the euro. Every country in Europe is going to hunker down in their own sovereignty.

Greece is going to default and probably fall into chaos. It is unavoidable at this stage of the game. Let's hope things remain a little calmer here in the United States.

Now, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "Will Europe Ever Make Up Its Mind?" →