Daily Video Update: You must work 6 days a week now … that's an order!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 5th of September.

In a leaked letter, the European Commission, European Central Bank, and International Monetary Fund are calling for Athens to implement a six day work week as part of a bailout agreement. Sounds great on paper, but how would you like to be the people of Greece? No country, including Greece, enjoys being dictated to by an outside power. Make no mistake about it, Greece is going to have to drop out of the Eurozone.

Tomorrow all eyes will be on the ECB chairman, Mario Draghi, as he announces the details of his bond buying program. If it is deemed not enough, the markets will tank.

More bad news for the US, the World Economic Forum (WEF) released on Wednesday that the US had slipped two spots in global competitiveness. This marks the fourth year in a row that the US has moved down. Last year, the US was ranked fifth in the world and now it is ranked seventh in terms of global competitiveness. Not good news!

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Caution Ahead Of ECB

Posted on by The INO.com Team

(RTTNews) - After turning mixed over the course of the previous session, stocks may move to the downside in early trading on Wednesday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 17 points.

Uncertainty about tomorrow's European Central Bank meeting may weigh on stocks along with caution ahead of Friday's monthly U.S. jobs report.

Bloomberg News recently reported that ECB President Mario Draghi's bond-buying proposal involves unlimited purchases of government debt but will refrain from setting a public cap on yields.

Traders have also reacted negatively to news that delivery giant FedEx (FDX) lowered its first quarter earnings guidance due to weakness in the global economy. Continue reading "Caution Ahead Of ECB" →

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Review (09-04-2012)

 As anticipated, last week began with a choppy-to-lower trade in the Gold market after the prior week’s strength. It was expected that there would be an early hangover in the trade after Gold futures broke above the second wedge pattern (as seen on the chart provided) and awaited news from the Jackson Hole Symposium. While the last two years provided dependable, long term programs to base trades from (QE2 in 2010 and Operation Twist in 2011), this year was far less exciting.

Any trader that was involved in the markets last week, especially in the Precious Metals, has already read through Ben Bernanke’s speech, so there is no reason to repeat every word in this article. In short, there were no major changes in policy announced from Jackson Hole, but the FED continues to monitor the markets and stands ready to act if deemed necessary. Sound familiar? Continue reading "Gold Chart of the Week" →

Stocks waver on weak construction, factory reports

Posted on by The INO.com Team

Stocks are wavering between losses and gains after reports that the U.S. economy is weakening at a time when China and Europe are also slowing.

The Dow Jones industrial average was down 27 points at 13,064 at 3 p.m. Eastern time on Tuesday. The broader S&P 500 index recovered from a loss earlier in the day and was up less than a point to 1,407. The Nasdaq composite rose 12 points to 3,079. The U.S. stock market was closed Monday for Labor Day. Continue reading "Stocks waver on weak construction, factory reports" →

Daily Video Update: Welcome to September -- Game on!

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 4th of September.

This week should be quite a week. We have Merkle, Monti and the ECB stepping up and coming into focus this week. ECB Bank Pres. Mario Draghi is quoted as saying that he is comfortable helping to buy three-year government bonds to help struggling nations help fund themselves.

But guess what, it all gets down to market perception. Perception is something that politicians have not quite mastered. It is important to understand traders perception and what traders expect will happen in the future.

The perception in the precious metal markets is indicating that inflation is on its way and both the price of silver and gold should climb climb substantially in the weeks and months ahead. Technically that is what the markets are also telling us.

As we mentioned earlier, it all gets down to perception.

Perception is a powerful market force and is difficult to measure and track on a chart. However, it is a force that must be reckoned with by traders and politicians everywhere.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video