Daily Video Update: Like an addict, the market needs another fix!

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 17th of July.

Like an addict, the market needs another fix and the drug pusher of choice is, of course, Ben Bernanke and his QE pills. The question on trader's minds these days: is the market going to receive another QE3 fix soon? Or are the markets just going to get the shakes and move back to the downside? A QE3 pill is needed if this market is going to get high again, on the upside.

It's very debatable as to whether the Fed and Bernanke have any more pills to sell. If Bernanke is out of pills, then this market will have to go cold turkey. The market will have to survive on its own strength and weaknesses and not some drug induced quantitative easing.

As for MarketClub, we will let the markets and our Trade Triangles do the talking. Continue reading "Daily Video Update: Like an addict, the market needs another fix!" →

Bernanke: Fed Ready To Act, But No Mention Of QE3

Posted on by The INO.com Team

(RTTNews) - The Federal Reserve is prepared to take further action to jump start the sluggish U.S. recovery, the nation's top central banker told lawmakers Tuesday morning.

However, Fed Chairman Ben Bernanke offered no hints that the central bank is specifically planning another round of quantitative easing.

"Reflecting its concerns about the slow pace of progress in reducing unemployment and the downside risks to the economic outlook, Continue reading "Bernanke: Fed Ready To Act, But No Mention Of QE3" →

Energy Market Commentary

Posted on by The INO.com Team

August crude oil was higher overnight and poised to renew the rally off June's low. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If August renews the rally off June's low, the 38% retracement level of this year's decline crossing at 90.43 is the next upside target. Closes below the 20-day moving average crossing at 83.70 would temper the near-term friendly outlook in August crude oil. Continue reading "Energy Market Commentary" →

Chart of the Week - Gold

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.

August Gold Futures This Week

 As last week inched up onto Friday the 13th, even the traders that do not consider themselves superstitious were feeling a bit apprehensive about market direction. Many of the major global markets traded in ranges, but overall did not show much promise for anyone hoping to confidently commit to a buy or a sell. Continue reading "Chart of the Week - Gold" →

You Can't Handle the Truth

Posted on by The INO.com Team

As a result of the fallout of the Barclay's Libor scandal and resignation of its Chairman and CEO, it was further revealed that the Federal Reserve was aware of this fraud and manipulation for years. What's a trader or investor to do with such information and any other information reported by governments, central banks, and corporations? The message is loud and clear: if we don't think you can handle the truth, we are not giving it to you. The obvious next question is- What other reports might the powers that be, cooking? And this beat goes on, and on, and on... Continue reading "You Can't Handle the Truth" →