What's going on in the Markets... (5/18/11)

Hello, Adam Hewison here for MarketClub with your 1 p.m. market update for Wednesday the 18th of May.

Watch what's happening right now ...

S&P500: -60. Market very oversold. Long term uptrend remains intact. Market at the lower end of the Donchian Channel. Neutral - Trading range.

Silver: Score -60. possible bullish divergence on the Williams %R indicator. Major resistance at $39.50. Support at $32.00.

Gold: longer term trend still positive. Score +65. Support at $1,462.50. Resistance at $1,526.Trading Range

Crude Oil: +80 neutral Trading range. Long term indicator remains positive. Mid point on the Donchian Channel. Possible bullish divergence on the Williams %R indicator.

The Dollar Index: Score +55. In a trading range with the longer term outlook remaining negative. Possible negative divergence. Look for a pullback?? Major resistance remains at 77.50.Minor support at 74.00.

The Thomson Reuters/Jefferies CRB Commodity Index: Score -55. Near-term resistance at 348.50. Support at 333.50. Market very oversold on hedge fund liquidation. Bullish divergence on the Williams %R indicator.

All the best,

Adam Hewison
President of INO.com
Co-founder of MarketClub

1p.m. Market Update (5/17/11)

Hello, Adam Hewison here for MarketClub. Watch what's happening right now in the markets ...

S&P500: -70. Market very oversold. Long term uptrend remains intact. Market at the lower end of the Donchian Channel. Neutral - Trading range

Silver: Score -70. possible bullish divergence on the Williams %R indicator.Major resistance at $39.50.Support at $32.00.

Gold longer term trend still positive. Score +55. Support at $1,462.50. Resistance at $1,526.Trading Range

Crude Oil: +55 neutral Trading range. Long term indicator remains positive. Possible bullish divergence on the Williams %R indicator.

The Dollar Index: Score +70. In a trading range with the longer term outlook remaining negative.Possible negative divergence. Look for a pullback?? Major resistance remains at 77.50.

The Thomson Reuters/Jefferies CRB Commodity Index: Score -70. Near-term resistance at 348.50. Support at 333.50.Market very oversold on hedge fund liquidation.

All the best,

Adam Hewison
President of INO.com
Co-founder of MarketClub

I'M BACK!!!

Hello, Adam Hewison here for MarketClub. A lot has happened since I've been gone, but it's time to focus on what's happening right now! Here is a preview of what's ahead for your 1PM market update for Monday the 16th of May.

SP500 +65 and moving sideways. Up trend still intact. Market at the lower end of the Donchian Channel. Target remains at 1,4000.

Silver possible bullish divergence on the Williams %R indicator.Major resistance at $39.50.

Gold longer term trend still positive. Support at $1,462.50. Resistance at $1,526.

Crude Oil neutral with a + 65 reading. Long term indicator remains positive. Possible bullish divergence on the Williams %R indicator.

The Dollar Index is trapped in a trading range with the longer term outlook remaining negative. Major resistance at 77.50.

The Thomson Reuters/Jefferies CRB Commodity Index, is negative with a 60% reading. Near-term resistance at 348.50. Support at 333.50.

Join me at 1PM ET for your LIVE market update!

All the best,

Adam Hewison
President of INO.com
Co-founder of MarketClub

See How Your Fellow Traders Do It...

See how your peers are trading and which strategies work best for them! On last night's episode of MarketClub TV, Manisha, a MarketClub member, shared her tactics on how she manages successful trades using MarketClub's trade triangles and tools.

Also, we want to say congratulations to Rutherford P. from Hong Kong for winning a free one year membership for MarketClub.

Click here to view MarketClub’s full Livestream library

We hope you enjoy this and all of our videos, and that you leave your thoughts in our comment section. Also, Adam Hewison returns for next week's episode of MarketClub TV. Join him LIVE at 7pm ET next Thursday evening!

Best,
The MarketClub Team

MarketClub TV (5/5/11)

What is MarketClub? How do I use it? How do I implement strategy into my trading? Get the answers to all of these questions from last night's episode of MarketClub TV. Susan gets very in depth about everything you've ever wanted to know about MarketClub. Every member can benefit from this video. If you're not a member, this is a straight forward representation of MarketClub and what your missing out on by not using it!

Click here to view MarketClub’s full Livestream library

We hope you enjoy this and all of our videos, and always love feedback on how we can do better. Be sure to share your thoughts or suggestions in the comments section.

Best,
The MarketClub Team