Bottom-line you are supposed to make money in the market not lose it. Watch this video to see how it's done.
Chart of the Week
Each week Lo
ngleaftrading.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.
Gold Market for the Week of August 6
If ever there were a week for traders to be excited about a directional move in global markets it should have come last week. Leading up to last week's news, markets finished strong in anticipation of favorable news from multiple central banks, most importantly the United States and the ECB. Mario Draghi released a statement suggesting he would take any and all measures necessary to protect the Euro, and his statements were later Continue reading "Chart of the Week"
Daily Video Update: Did you know about the Himalayan Happiness Index?
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 6th of August.
Now we have chairman Ben Bernanke, the same "Helicopter Ben", quoting the Himalayan Happiness Index. Is it just me, or does this sound crazy to anyone else?
If that was not enough, Italian Prime Minister Monti in an article published in Der Spiegel magazine says the Eurozone is facing "psychological dissolution". What the heck does that mean?
I have to give Monti and Bernanke credit, that is the first time I've heard a Fed Chairman citing the Himalayan kingdom of Bhutan Gross National Happiness Index and a politician using the phrase "psychological dissolution" in a sentence or anywhere else for that matter.
No matter what they say, the second half of the year should provide a silver lining for traders 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
Monday Morning Index Commentary
The September NASDAQ 100 was higher overnight after Greece and its creditors agreed on the need to strengthen policy efforts to support growth. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off July's low, the May 4th gap crossing at 2686.50 is the next upside target. Closes below the 20-day moving average crossing at 2602.66 would signal that a short-term top has been posted. Continue reading "Monday Morning Index Commentary"
Stocks May Move Modestly Higher In Early Trading
(RTTNews) - After ending last Friday's trading sharply higher, stocks could see some further upside in early trading on Monday. The major index futures are currently pointing to a slightly higher open for the markets, with the Dow futures up by 11 points.
The markets may continue to benefit from the positive reaction to last week's monthly jobs report, which showed much stronger than expected job growth in the month of July. Continue reading "Stocks May Move Modestly Higher In Early Trading"
