Are You Buying This Pullback In Stocks?

After hitting the magical 17,000 level just around the time America was celebrating our country's 238th birthday, stocks and indexes have seen a pullback on quiet volume. The question is, are you seeing this as a buying opportunity?

In today's video, I will be looking at the major markets, a couple of stocks, and gold (FOREX:XAUUSDO), which I still believe is going to move higher. I will also be examining what's going on in crude oil and the Dollar.

If you missed my post yesterday on our two winning portfolios, you may want to check it out.

As always, we welcome your feedback on this video or any markets that you are following.

Have a great trading day everyone,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

The Clock Is Ticking On Gold

Hello traders and MarketClub members everywhere! Adam Hewison here and today's focus is gold (FOREX:XAUUSDO). It would appear that we are getting very close to seeing a significant reversal in the this market to the upside.

In this short video, I will be looking at a major trend line that has been in place since October 5, 2012. I will also be measuring some important 25 to 26 week cycles that are just kicking in. These cycles have been the driving force in gold over the past 12 months, so you need to pay attention to them.

Sometimes it's not obvious what drives prices and markets. It could be uncertainty or in gold's case, it could be the Ukraine, Syria, or the Dollar potentially losing its reserve status. Or, it could be something completely off the charts, no pun intended. We live in a world now where things can just show up out of the blue with no warning. Continue reading "The Clock Is Ticking On Gold"

Can The Relative Strength Index (RSI) Improve Your Trading?

Today's video is on the Relative Strength Index (RSI). This widely-used momentum oscillator measures the strength and speed of a market's price movement by comparing the current price of the security against its past performance. Developed by J. Welles Wilder in the 1970s, the RSI can be used to identify overbought and oversold areas, support and resistance levels, and potential entry and exit signals.

The RSI indicator is shown on a scale of 0 to 100, with levels marked at 70 and 30, and a midline at 50. Wilder recommended a calculation based on a 14 day period, but this can be adjusted to change the sensitivity of the indicator.

Learn more here

Forget Iraq, Here's What You Should Be Doing Today

So it's Friday and we have come to the end of another trading week and the question is, what positions will you be comfortable holding this weekend? Yes, I know there are lots of problems in Iraq and other parts of the world that can weigh on stock prices, but the reality is, there are always some stocks that are moving up in the world.

In today's video, I show you how to apply our "52-Week New Highs on Friday" Rules and how you can make money in the very short-term using this simple strategy.

We have had a number of members use this strategy successfully and it is one that you should definitely look into. I will show you the exact steps that you want to take to make this happen for your own account. It's not complicated, it simply is a way to look at the market and determine whether you should be long a stock or short a stock over the weekend.

Every success this weekend with this technique,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Crude Oil, Iraq and The Economy – Are We On A Collision Course?

Hello traders everywhere! Adam Hewison here, discussing the situation in Iraq and how it could possibly affect the US and world economy.

After spending over $1 trillion and having lost the lives of over 4,500 brave Americans in Iraq, the country has once again imploded. I don't have to reiterate what is going on with Muslim extremists, but it seems they are hellbent to take over Baghdad, the capital of Iraq, and the rest of the country. It would appear now, Muslim extremists feel empowered to push their views to the max.

The Middle East has always been a problem waiting to happen, ever since the British left in the 50s. Arab unity seems to be the major problem in this area and one that's been going on perhaps for centuries.

I've always believed that the west's principal interest in that region was because of the crude oil (NYMEX:CL.N14.E) under the sand. I'm positive we would not even be there if they did not have vast resources of energy that the world is addicted to. The question now is, what is going to happen if Iraq and the oil fields are taken over by Muslim extremists and Iran? Should that happen, and the odds are becoming more and more likely that it will, it will produce a world that is totally different from what we know now.

I have been positive on crude oil (NYMEX:CL.N14.E) since May 19th at the $101.98 level (currently trading at $106.98). This market has the potential to continue in a very positive manner and move substantially higher, possibly to the $120 to $125 a barrel area. Continue reading "Crude Oil, Iraq and The Economy – Are We On A Collision Course?"