Today's Video Update: I have never been called a "chart monkey" before on live television

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 17th of January.

I just got back from New York late last night after doing some guest appearances on CNBC and Bloomberg television. It was in the latter show on Bloomberg TV doing a "Street Fighters" segment that Marshall Auerbach called technical traders "chart following monkeys". That's when all H*LL broke loose. Watch the video segment here.

Do you remember last week on MarketClub TV we were talking about the potential set up in crude oil? Well it looks like all systems are go this morning. The down trend line has been broken to the upside and our Trade Triangles are +100, indicating a strong trend to the upside for this commodity. Continue reading "Today's Video Update: I have never been called a "chart monkey" before on live television" →

Find Your Sweet Spot - Emini Trading 101

Posted on by The INO.com Team

You decided to become a trader. Put some money in an account, got a few indicators, read a couple of old wive's tales on a forum that sounded pretty solid, you're good to go right?

Well... let me ask, "How's that working for you?"

You don't need to answer, it was rhetorical. Besides, I  know the answer.

I interviewed Max Lucado back in the early days of CFRN. He had just published his umpteenth book -

Let me tell you, I was as excited as any cub reporter has ever been. This guy was my hero. I read his books as fast as he could write them and to actually meet him after all this time...... you would have thought he was Jesus.

Silly excited. Jimmy Olson-itis is what I had.

Turns out, guy couldn't even fly. Couldn't fly? He didn't even have a cape.

Shucks, this guy was offering the Cure For The Common Life and it was starting to sound like his life was more common than most.

Lesson #1 - Never meet your hero in person.

Lesson #2 - Find your sweet spot.

You see, aside from my personal misguided hero complex, Max had done it again. Here's a brief overview of the book if you haven't read it.  Continue reading "Find Your Sweet Spot - Emini Trading 101" →

CCI-Gold Ratio Will Tell the Story

Posted on by The INO.com Team

The story referenced in the title being whether or not global policy makers can cook up an inflationary up phase in the global economy.  I had used the term ‘i2k12′ early last year referring to the prospects for what might ultimately be an inflationary 2012.  Well, they came with the QE at year-end and now the theme shifts forward to the prospects for i2k13.

A subscriber forwarded to me an audio of Don Coxe talking about the changes coming out of Global Policy Central in “Basel Greenlights Banks Big Time” and it turned out to be a good starter for a post in which I would like to try to delineate some things.

You may have heard me belly ache in the past about the raving inflation bulls who lump gold and gold stocks in with the entire inflation trade?  Gold is copper is oil is hogs?

No, gold is counter cyclical in its relative strength to these other things.  Ironically, when gold is being out performed by silver and a whole host of commodities in an inflationary phase, it can rise (sometimes handsomely) in nominal terms but its producers will suffer. Continue reading "CCI-Gold Ratio Will Tell the Story" →

Today's Video Update: The Global Economy Comes Into Focus

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Wednesday, the 16th of January.

Concerns about the global economy are weighing on the markets after the World Bank cut its forecast for global economic growth in 2013.

The World Bank said it now expects the global economy to expand by 2.4 percent in 2013 compared to its June forecast for 3 percent growth. Estimates suggest the global economy grew 2.3 in 2012.

On a positive note, a report from the Federal Reserve showed a slightly bigger than expected increase in U.S. industrial production in the month of December.

The report showed that industrial production increased by 0.3 percent in December following a revised 1.0 percent jump in November. Economists had expected production to edge up by 0.2 percent. Continue reading "Today's Video Update: The Global Economy Comes Into Focus" →