WORD OF THE DAY: CONTAGION

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your market update for Tuesday, the 12th of July.

WORD OF THE DAY: CONTAGION - the ready transmission or spread of an idea or emotion from person to person: a contagion of fear.

As we reported yesterday, this market is in a very choppy, emotional state and it is a battle between the Bulls and the Bears. Events outside of the control of the US in Europe and the contagion problems in Italy and Greece are all making this one financial mess.

Another disastrous trade deficit today of over $50.2 billion was not good news for the USA.

The debt ceiling talks continue between the Democrats and the Republicans with no apparent end in sight. Perhaps they should look up the word contagion, and relate it to how things can spiral so quickly out of control and take on a life of its own.

What is happening in Europe could very easily happen here in the US if we don't start addressing this problem. This is a real a crisis and Congress is treating it just like another minor problem we have to
solve. It has major implications for the US and it's standing in the world. Imagine if the dollar lost its reserve currency status! That would be catastrophic for this country and everybody who lives here. It would not be a pretty picture.

Let's go to the markets as they tell the real truth in what's unfolding in the financial world. Continue reading "WORD OF THE DAY: CONTAGION"

Kicking The Can Down The Road

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

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

Weekend Update --- 18,000 jobs are you kidding me?

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend trading update for the week ending on 7/08/11.

Despite a very scary jobs report last Friday the S&P managed to close out the week with a meager gain of .30%. The big star of the week had to be silver, which jumped 8.35% to its best levels in several weeks. Gold followed course with an impressive gain of 3.79%.

View video here

One market we closely watch and have talked about many times before, is the Reuters/Jeffries CRB Index. This Index is made up of raw commodity prices. Included in the index is crude oil which tacked onto last weeks gains with a solid 1.82% gain. However the overall index was up 2.16% and confirmed the bullish engulfing line we talked about in last weekend's report. An important low is now in place for this index.  The Reuters/Jeffries CRB Index is the best indicator we have for detecting signs of inflation. It is also Ben Bernanke's worst nightmare, its the one index he won't quote or even talk about. This is a critical week for this index and it should be watched closely.

Continue reading "Weekend Update --- 18,000 jobs are you kidding me?"