Category: Trading Videos

MarketClub's weekend update for the week ending on 6/17/11

Posted on by The INO.com Team

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the week ending on 6/17/11.


MarketClub Weekend Update
Adam Hewison

The big news last week was the fall in crude oil which dropped 6.5%. This fall was reflected in a 3.56% drop in the CRB Index. The equity markets snapped there losing streak with a close that was barely higher for the week. This coming week should be very interesting and one that all traders should watch closely.

The problems with debt, Greece, and a host of other global challenges have not gone away and cannot be glossed over economically or politically. Any of these problems are potential economic time bombs that could blow up at anytime.

Here's last week's changes for  the major markets….

SP 500 +.04% Silver -.90% Gold +.48% Oil -6.5% $ Index +.22% CRB Index -3.56%

Watch the weekend update now. If you haven't watched our 1 PM updates, I recommend you take a look on this blog at some of our earlier postings.

As always, we rely on our market proven Trade Triangle technology for catching the big moves.

Every Success,

Adam

Adam Hewison

Co-founder of MarketClub

Which is more exciting: the market of late or a game of Pong? You choose.

Posted on by The INO.com Team

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Friday the 17th of June.

I guess the most common expression I'm hearing is "kick the can down the road.". It would seem as though politicians the world over are pretty much the same. None of them wants to face the truth that there is no more money. So what do they do they, "kick the can down the road."

And once again the taxpayers have to come up with the money. Lending more money to Greece is the height of insanity in my opinion simply because how can they possibly pay back the first tranches of money that was already lent to them? But that's what's happened today; Merkle and Sarkozy  made concessions and basically declared that "happy days are here again," but are they really? I was talking to a good friend of mine this morning who is one of the smartest people I know and I asked him point-blank, what do you think of the global and US economy? Here is what he said to me, "It is a time to be cautious and guarded." Those were his exact words. I'll let you think about that.

So okay enough of what my smart friends think, let's look and see what the market thinks about everything.

Here's what's happening in the major markets right now ... Continue reading "Which is more exciting: the market of late or a game of Pong? You choose." →