Category: Trading Videos

As We Discussed Yesterday, Has This Market Put In a Bottom?

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday the 7th of October.
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It's Friday, the end of the week, and the markets have made some remarkable recoveries in the last several days.  As we discussed yesterday, has this market put in a bottom?  Unless it's a complete breakdown this afternoon, it would appear the markets are going to close higher for the week.

Cyclically if we close lower today in the equity markets and in crude oil, it would appear we have put in an interim top in both those markets.

Let's do a reality check...  Have any of the problems in Europe gone away?  Has all the uncertainty and doubt surrounding the banks in this country with the foreclosure and mortgage problems gone away?  No, they all still exist and that is why the longer-term trends in these markets continue to be negative.

I would say if the markets close lower today, you will want to maintain any short positions you have, and possibly add to those positions.  We will be looking at the charts to get a clear picture to see exactly what is going on.

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2 STOCKS THAT ARE MAKING 52 WEEK HIGHS:
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CEPHALON (Symbol CEPH) - Trade Triangle (Monthly) Long from $80.80 on 9/08/11.

SEATTLE GENETICS (Symbol SGEN) - Trade Triangle (Monthly) short from $21.15 on 10/05/11.
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2 STOCKS THAT ARE MAKING 52 WEEK LOWS:
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UNITED STATES NATURAL GAS (Symbol UNG) - Trade Triangle (Monthly) Long from $80.80 on 9/08/11.

ILLUMINA (Symbol ILMN) - Trade Triangle (Monthly) short from $65.41 on 7/27/11.

HOW TO TRADE THE 52 WEEK FRIDAY RULE:

Here are the three rules you need to trade "The 52-week new highs on Friday rule"

These are the exact rules that Bill used to make millions

Rule number 1: On a new 52-week high, when the market closes at or close to its high on a Friday, buy long and go home long for the weekend.

Rule number 2: Exit the long position on the opening the following Tuesday.

Rule number 3: If the market opens sharply lower on Monday, exit the position immediately.

There you have it. These are the only three rules you need to trade with "The 52-week new highs on a Friday rule" successfully.

"The 52-week new highs on a Friday rule" works extremely well in futures and in the Forex markets. This rule can be reversed for "The 52-week new lows on a Friday rule" if you are so inclined to trade the short side of the market. The same rules apply.

Now let's go to the 6 major markets we track and update every trading day and see how we can create and maintain your wealth in 2011. Continue reading "As We Discussed Yesterday, Has This Market Put In a Bottom?" →

We Are Again Faced With the Question...

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 6th of October.
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We are again faced with the question: Has the market bottomed out or is this just another dead cat bounce?

It's too early to tell.

Right now the major trends continue to be negative for equities, crude oil and some other markets we have identified in our videos.

No market goes straight up or straight down. You will always see counter-trend rallies. If you are familiar with the Elliott wave theory, you know that markets tend to go up in five waves, three with the trend and two against the trend. When a market is pulling back against the major trend, like we are seeing now, it can be an excellent opportunity to either exit a position if you are long or go short the market. It is definitely going to be important to see how we close out the week.

While the current rally looks exciting and may go higher, the bottom line is the trend is still down in the equity markets.

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3 STOCKS IN THE NEWS
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APPLE (Symbol AAPL) - Trade Triangle (Monthly) Long from $355.13 on 7/7/11.
Now trading @ $383.50

FIRST SOLAR (Symbol FSLR) - Trade Triangle (Monthly) short from $132.17 on 5/04/11.
Now trading @ $65.41

CONSTELLATION BRANDS (Symbol STZ) - Trade Triangle (Monthly) short from $20.19 on 7/29/11.
Now trading @ $20.47.

Now let's go to the 6 major markets we track and update every trading day and see how we can create and maintain your wealth in 2011. Continue reading "We Are Again Faced With the Question..." →

"One last thing ...thank you, Steve Jobs"

Posted on by The INO.com Team

It is so hard, but this is from the heart.

One of my heroes, a genuine American genius has passed away this evening. I am referring to  Steve  Jobs,  who created so much of the technology and innovation that we enjoy and use everyday in our lives.

It was thanks to Steve, that I was able to write my book,  "Right on the Money".  It was thanks to Steve, and the technologies he created and championed, that I was able to make the successful  transition to the digital world.

I'm not sure why I feel so sad, I never met Steve personally, but I felt, I knew him through the technologies he created.  I'm not sure why, surrounded by my iPhone, iPad2 and my MacBook Pro,  all of which  are basically hardware and software, that I miss the heartbeat of Apple. Unless you are an Apple fan, you will not have the same feeling, I have this evening. Thanks to Steve, I feel a connection through the technology he created and believed in.

I feel an enormous loss and void this evening, but I'm not sure how I can explain that to you in words. I was not related to Steve, nor as I said earlier, did I know him personally.  None the less there is a profound sense of loss and sadness that I feel  for Steve and his family,  and the technology world.  Steve passed away at the top of his game, but too early.

I'm sure they're going to be a lot more eloquent tributes to Steve, but this one's from the heart. Thank you Steve, for all that you gave the world. You were the equivalent of a Einstein or a Henry Ford in my mind.  You were a true American maverick, and I will miss,  and forever treasure the technology you created and shared with the rest of the world.

As Steve would say, "One last thing ..."

Thank you,
Adam Hewison
President, INO.com
Cofounder MarketClub.com

Beware of Mob Madness

Posted on by The INO.com Team

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Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 5th of October.
Beware of Mob Madness!

What is it about mobs that make them so dangerous? The problem is mob mentality. Here you have a group of people who individually are regular folks, but put them in a crowd and they lose all sense of what is right and wrong. They justify their actions because of what they see other people doing.

Using social media sites like Twitter and Facebook, mobs were getting together for the Arab spring in the Middle East. Now we have mobs getting together in Greece and other parts of Europe, even my homeland, England! And we have the same problem here in major cities in the United States. This is what I call the dark side of social media, and one that I believe is so very dangerous.

Is it healthy? Is it good for America, or any country? Absolutely not!

One of the most fascinating books I have ever read about the market is Charles Mackay's, "Extraordinary Popular Delusions and the Madness of Crowds." It is a history of popular folly, first published in 1841. The book chronicles its subjects in three parts: "National Delusions", "Peculiar Follies", and "Philosophical Delusions". This book has gathered a body of academic support as a work of considerable importance in the history of social psychology and psychopathology. I highly recommend that you pick up a copy.

As you see, 170 years later we haven't changed very much as human beings. Understanding this mob phenomenon can be a huge advantage and is going to be one of the keys to being successful in the next 12 months. As always, we will do our best to keep you informed and on the right track.

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3 STOCKS IN THE NEWS
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COSTCO (Symbol COST) - Trade Triangle (Monthly) Long from $83.45 on 9/16/11.
Now trading @ $81.50

MORGAN STANLEY (Symbol MS) - Trade Triangle (Monthly) short from $26.70 on 4/12/11.
Now trading @ $13.89.

RESEARCH IN MOTION (Symbol RIMM) - Trade Triangle (Monthly) short from $57.48 on 3/25/11.
Now trading @ $23.55.

Now let's go to the 6 major markets we track and update every trading day and see how we can create and maintain your wealth in 2011. Continue reading "Beware of Mob Madness" →