Hello fellow traders everywhere. Adam Hewison here, co-founder of MarketClub, with your weekend trading update for the week ending on 6/24/11.
Here's what happened last week in the major markets…. Continue reading "Weekend Update"
Category: MarketClub Techniques, Tips & Talk
Tips and trick from traders on how to become a better trader.
Trading on "Eggshells"
Hello traders everywhere. Adam Hewison here, co-founder of MarketClub, with your 1 p.m. market update for Friday the 24th of June.
It has been quite a week with the Greek problem still not out of the woods. Ben Bernanke indicated that the economy is not so good after all. Plus the release of 30 million barrels of oil just enough for the US to get through a day or two. How crazy is all of that.
Okay, here it is the end of the week and the markets are mixed at 1pm. The Dow is down for the week right now, the NASDAQ is on the plus side, and the S&P500 is stuck in the middle of the road and has barely changed this week.
Now let's take a look at what's happening in the markets today... Continue reading "Trading on "Eggshells""
Barrel of Monkeys?
Hello traders everywhere. Adam Hewison here, co-founder of MarketClub, with your 1 p.m. market update for Thursday the 23rd of June.
Choppy, choppy, markets. Today's action should be viewed as a test of the lower range in the S&P 500. This market is very close to breaking the 200 day moving average. Many traders consider this to be one of the most important long-term technical indicators for the equity markets. The exception to this is the NASDAQ that is already below the 200 day moving average and looks like we're going to see further downside action. The other big news was the sharp drop in precious metals. We were warning about this in our commentary yesterday as gold was grudgingly going up and up, popping above the upper levels of the Donchian channel. The release of 30 million barrels of crude oil will last about a day and a half in the US. This action can only be viewed in my mind as a desperate measure to win popularity for the current administration. I have seen many times in the past that when governments get involved in the markets, they never come out ahead. As we said in yesterday's video, a low risk entry point for short term traders should be around $90.07 at the bottom end of the Donchian channel.
Now let's take a look at the markets... Continue reading "Barrel of Monkeys?"
Traders Toolbox: Momentum Revisited...
MarketClub is known for our "Trade Triangle" technology. However, if you have used other technical analysis indicators previously, you can use a combination of the studies and other techniques in conjunction with the "Trade Triangles" to further confirm trends.
Momentum measures the change in a commodity's price with time. M = Pc-Pn where M = momentum, Pc = current period's price and Pn = price n periods ago.
The length of time used for the prior period is a matter of personal preference and time horizon of the trader. A narrow window of less than five periods back would be short-term in nature while six to nine periods would be considered intermediate; 10 or more would be a longer time perspective. Continue reading "Traders Toolbox: Momentum Revisited..."
1PM Market Recap
Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Friday the 10th of June.
It would appear as though the equity markets are continuing their losing streak with another negative week. the last time we saw equities lose six weeks in a row was back in 2002!
Yesterday's DEAD CAT bounce was just that, a DEAD CAT bounce.
Okay, now here's what's happening today in the major markets ... Continue reading "1PM Market Recap"
