Our Stand In Key Markets at the End of February

I thought that our Trader's Blog readers would like to know where we stand at the end of February in some of the key markets that we track with MarketClub's Trade Triangle Technology.

Gold -- neutral

Crude Oil futures -- long

Indices -- long the Dow, SP500 and NASDAQ

Euro -- short Euro, long dollar

As we head into March and the beginning of the end of Q1, I believe we'll see some interesting moves in the above markets.

We have discussed this before, but I would like to again touch on market perception. If you remember, the US dollar was going to continue to trade down. That did not happen as events in Europe drove the euro down and the dollar was once again perceived as a safe haven. Once again perception trumps over the market.

The equity markets continue to remain in a positive trend, however the seesaw action of the last week or two in February indicates that there is a tremendous amount of jousting between the bulls and bears.

Crude oil remains positive based on our "Trade Triangle" technology, whereas gold at the moment is neutral.

It is going to be an interesting month in all four of these markets.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

P.S. The above positions are based on our Trade Triangle Technology and  can change and should not be perceived as written in granite.

Beautiful Ladies Dancing On Tables

(Originally published one year ago on 2/25/09)

Imagine you're in your favorite restaurant enjoying a nice dinner. All of a sudden a beautiful young lady jumps up on the table and starts dancing even though there is no music.

Would that get your attention?

I know it would get my attention, not because it was a beautiful lady, but because it is out of the realm of normalcy for this restaurant to have anyone dancing on their tables.

The point I am making is this... sometimes markets act a little out of the ordinary despite what everyone is saying and thinking about them. When this happens you need to pay close attention to that market.

Why? Because that market maybe getting ready to do something totally contrary to prevailing sentiment.

Continue reading "Beautiful Ladies Dancing On Tables"

Let's Make Some Sense of Today's Gold Market

It's been about eight days since we did a video on gold, and given the market action today I thought I would look at what is causing the downward pressure in this market.

If you did not watch my last video on gold, I strongly recommend you click here to watch the video titled "Five Reasons Why Gold Will Not Make a New High This Time" as it will give you a bigger picture of how we see this market playing out in the next 12 months.

In today's short video we look at an indicator that we have not talked about before in any of our videos. The indicator, which is an overlay on top of the chart, is called the Donchian Channel Indicator. Continue reading "Let's Make Some Sense of Today's Gold Market"

Looking At Silver for All the Wrong Reasons

Late in 2009 a lot of folks began asking us about buying silver instead of gold. At the time, we stated exactly how we felt, in that, why would you try to buy something that is not in the same league as gold? The two markets are completely different and are driven by a different set of emotions and fundamentals.

This is the first video that I've done on silver in quite some time, but I think it's an important one for you to see.

One of the standout features that I noticed was the fact that when gold was making new all-time highs in early December, silver failed to take out the March 2008 high. I consider this to be a negative.

Continue reading "Looking At Silver for All the Wrong Reasons"