A Quick Update on the Crude Oil Market
I was just looking at the charts and they are beginning to look very, very bullish. The formation I show you in today's video is a classic continuation pattern to the upside. This pattern also confirms a Fibonacci target number we are looking at.
This video is short and to the point and I think it will get you thinking about this energy market.
"Research In Motion Ltd. (RIMM) will spend up to $1.2 billion to buy back about 21 million of its shares, or 3.6% of its total shares outstanding. The buyback will start Nov. 9 and last for up to one year."
That was the headline news today on Research in Motion symbol RIMM so I decided to look at the chart to see what was going on in the "real world". When I got to the chart, one thing immediately jumped out at me and that was the negative action that this market has shown in the past several weeks. Looking at this market a little closer I was able to see that our "Trade Triangle" technology was 100% negative and that our monthly "Trade Triangle" indicator had turned negative on October 28th at $63.38. This is a major negative in my mind for this market.
The Decoupling of Gold
With today's historic move into new high ground for gold against the dollar, has this market finally decoupled from the other markets?
In this short two minute video, I will share with you what I think the next major technical level is for this market. We will also be looking at an indicator that is close to kicking in that could sharply accelerate gold's upward move. Gold has an enormous energy field below it that is capable of pushing prices significantly higher in the months ahead.
In our last video on the S&P 500 (10/27), we indicated that this market may have topped out for the year. Today's action puts in place a weekly "Trade Triangle" which indicates that a temporary or a permanent top is now in place for this market.
In this latest video, I share with you some of the ideas that I think could potentially come into play for this market. Not only do I have some downside targets in mind, but I also see a pattern that could evolve in the next several weeks which will confirm that we've made a serious high in this market.
As always our videos are free to view and require no registration. I would really like to hear your thoughts on this market. Please feel free to leave your comments on the blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
5 ETFs That You Need to Look at Right Now
The five ETFs that we are referring to are going to play a major role in the 
future and you need to know about them today.
In this short video I show you the overriding trend and potential for each of these markets in the future.
As always our videos are free to watch and there is no need for registration. We would appreciate your valuable feedback on this posting and let us know whether you found it helpful or not.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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