New Video: What are you doing for "Silly Season"

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 14th of December.

WHAT ARE YOU DOING THE SILLY SEASON?
Well silly season officially starts tomorrow and goes through to the first week of January. This is when the markets become unpredictable and very thinly traded as most professional traders have left to go on vacation or to enjoy the season with their families. As for myself I'm off on a cruise over silly season and what I consider a well-deserved break from the markets. Every year it's good to have a solid break from the markets and come back refreshed.

What do you have planned for silly season? If you haven't voted already please vote on our poll. It's so was interesting to see what everyone is doing. As for the markets I expect them to get quieter and thinner until the second week in January when market action and volume begins to pick up. If you're following any one of our three portfolios you'll simply stick with the game plan as it has been proven time and time again that this strategy works.

VOTE IN OUR "SILLY SEASON" POLL HERE … Continue reading "New Video: What are you doing for "Silly Season"" →

Is the unthinkable thinkable?

Posted on by The INO.com Team

Can Apple (AAPL) possibly close unchanged or even lower for the year? As Apple goes, so goes the NASDAQ. Today we received another sell signal in Apple at 518.63. Watch today's mid-day update video and see how we have fared so far in 2012.

Watch our video from a week ago where Adam gives you his thoughts on Apple (AAPL) Here.

Cheers,
Adam Hewison
Co-founder of MarketClub.com

Poll: Silly Season starts today, so be prepared

Posted on by The INO.com Team

About a year ago I wrote a blog on the "silly season," as I call it. The silly season starts on December 15 and extends through the first week of January. The silly season has nothing to do with telling jokes and laughing at funny things, but everything to do with trading.

Trading is a serious business. If you want to be successful you have to practice, just like an athlete would. I don't think there is an athlete out there who just woke up and said I'm going to be a world-class athlete and achieved that goal without practicing.

After December 15 most successful traders who made their money during the year are headed to either Florida, Palm Springs, or just taking a break to spend time with family.

What makes the silly season, silly?

It has everything to do with the lack of volume in trading. When you have very little volume it is easy for markets to be, forgive me because I am about to say the M word - manipulated - by just a few traders. You do not want to be ending your year at the mercy of markets that are erratic at best. You may as well just head out to Las Vegas and take a shot at the roulette wheel.

So how can you avoid this trading trap? Here's what I do every year: Continue reading "Poll: Silly Season starts today, so be prepared" →

Gold falls on uncertainty over U.S. budget talks

Posted on by The INO.com Team

Investors are selling gold as the end of the year draws closer without a compromise in hand for the U.S. budget.

Gold for February delivery dropped $21.10 to finish Thursday at $1,696.80 per ounce.

Investors are uncertain about what's ahead for the economy if Republicans and President Barack Obama fail to agree on a new budget. Without an agreement in place, tax increases and spending cuts will occur Jan. 1 that many economists believe could send the U.S. into a recession.

The Federal Reserve has announced measures to support the economy, which typically benefit gold and other commodities. But the Fed also predicted growth will be no more than 3 percent in 2013. It also expects the unemployment rate to remain at higher levels until late 2015. The unemployment rate was 7.7 percent in November. Continue reading "Gold falls on uncertainty over U.S. budget talks" →

New Video: Don't you wish you had a printing press?

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 13th of December.

DON'T YOU WISH YOU HAD A PRINTING PRESS?

Once again Chairman Bernanke comes to the rescue by stating that he wants to keep interest rates low forever. Not a problem Ben, just keep printing money until it's worthless. As a private citizen of the U.S. you're not allowed to have a printing press to print money, there's a reason for that, it's against the law. It seems to me that Bernanke and the Fed are pretty much doing what they want, and who cares if the money just keeps going down and down and down. The government has been pushing the dollar lower for years. One major concern I have is that you cannot remain a superpower for long with a fiat currency.

Fiat money originated in 11th century China, and its use became widespread during the Yuan and Ming dynasties.The Nixon Shock of 1971 ended the direct convertibility of the United States dollar to gold. Since then all reserve currencies have been fiat currencies, including the U.S. dollar and the Euro.

Next challenge … Continue reading "New Video: Don't you wish you had a printing press?" →