Daily Video Update: Stranded on a desert island with a major buy signal

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 11th of September.

On Wednesday, we have the German courts ruling on the Euro area's permanent bailout fund. On Thursday, we have the Fed possibly coming in with another QE to the rescue. But is this all really that important to the markets? The reality is the markets tell you what they want to do and right now they are telling us they want to go higher.

One of the very best traders I have ever had the good fortune to run into lived on a mountain in Switzerland. He didn't listen to news or market rumors, he simply went with the market. In other words, he traded the markets on a technical basis.

He could have been on a desert island, it didn't matter, he just didn't pay attention to the news or listen to the market rumors that fly around the trading floors everyday.

He relied purely on market action to make his decisions, and he made millions!

So let's keep it simple, or as my Swiss friend used to tell me, "they don't pay you anymore for making it complicated." It may be different in the government, but in trading, simpler is better.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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We Will Never Forget

Posted on by The INO.com Team

To all of the brave men and women that we lost on that fateful day in September....
We Will Never Forget.

What I remember most was the renewed sense of patriotism that followed that day. Nobody cared about religion, politics, or race. We were all focused on doing what needed to be done as Americans to heal our great nation. It was great to see and feel the nation act as one above all else.

All the best,
Jeremy

 

 

 

 

When an Over-Ripe Market is Ready to Spoil

Posted on by The INO.com Team

Anyone who enjoys eating fruit knows there's a fine line between ripe and over-ripe.

If it sits in the fruit bowl too long, over-ripe turns rotten.

As experienced investors know, the stock market goes through similar phases. An overbought, or over-ripe, market can spoil quickly.

Take a look at this chart for example (wave labels removed), and ask yourself, is the stock market on the verge of spoiling? Continue reading "When an Over-Ripe Market is Ready to Spoil" →

Morning Currency Commentary

Posted on by The INO.com Team

The September Dollar was lower overnight as it extends the decline below the 75% retracement level of the April-July rally crossing at 80.32. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off July's high, the 87% retracement level of the May-July rally crossing at 79.67 is the next downside target. Closes above the 20-day moving average crossing at 81.48 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 81.00. Second resistance is the 20-day moving average crossing at 81.48. First support is the 87% retracement level of the May-July rally crossing at 79.67. Second support is May's low crossing at 79.02. Continue reading "Morning Currency Commentary" →

Stocks end lower ahead of Fed meeting

Posted on by The INO.com Team

Stocks slipped on Wall Street as troubling economic news from China and the U.S. outweighed optimism about more stimulus from the Federal Reserve.

The Dow Jones industrial average fell 52.35 points to close at 13,254.29 on Monday. The Standard & Poor's 500 slipped 8.84 points to 1,429.08 and the Nasdaq composite fell 32.40 points to 3,104.02.

The stumble marks a pause in a rally last week that took the Dow and the S&P 500 to their highest levels in more than four years.

Stock markets rose around the world last week after the European Central Bank announced a long-anticipated plan to support struggling countries in the European Union. Continue reading "Stocks end lower ahead of Fed meeting" →