It's all toxic for the market!

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 21st of November.
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Moody's, France, the SUPERCOMMITEE, you name it!  It's all toxic for the market!

Traders looking for good news are going to be hard-pressed this week, as everything seems to be "hitting the fan" at the same time.

We have Moody's Investor Services warning about a possible downgrade to France's credit and it all seems to be feeding off itself.  Let's not forget the other credit bombs like Italy, Greece, Spain, Portugal and Ireland.  This is one mega-mess that is not going to be easily gotten out of. Continue reading "It's all toxic for the market!" →

It's more important to the market than Italy, Greece, Portugal, and Spain combined

Posted on by The INO.com Team

The trials and tribulations of these four countries (that have run up huge deficits) have been well known for quite some time. What is more important in my opinion is not the size of the debt, which is staggering, but rather what is going on with market perception.

Market perception trumps everything else out there. Market perception trumps market fundamentals every time. Market perception is the one card that the government cannot control. It is the card that can potentially give the individual trader an edge.
Continue reading "It's more important to the market than Italy, Greece, Portugal, and Spain combined" →

How my worst trade turned out to be my best trade ever!

Posted on by The INO.com Team

Today I’d like to share a hard, but important lesson I learned in my trading career. At the time I considered it my worst trade ever; in retrospect it turned out to be my best trade.

Here’s why…

I started in the commodities business as a broker for a company called Conti Commodity Services. Conti was a division of Continental Grain Co. one of the largest and oldest grain companies in the world. Back in the 70s, Conti was just starting a new division to handle customers in the brokerage business. I was lucky enough to have them hire me as I had no experience and very little education. But, I was enthusiastic and willing to learn.

So there I was at Conti Commodity Services dialing and smiling and looking to get business for myself and the company. All this was back in the 70s when grain prices were skyrocketing. After a brief time on the job I guess I thought I knew better than everybody else.

So here’s my worst trade… Continue reading "How my worst trade turned out to be my best trade ever!" →

Weekend Update: SUPERCOMMITTEE, EUROPE, and other big problems for the markets.

Posted on by The INO.com Team

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 11/18/11.

MarketClub members, this video is automatically inserted on your home page on the bottom right hand side.

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SUPERCOMMITTEE, EUROPE, and other big problems for the markets

This week I want to give credit where credit is due. One thing that Washington does really well, is they know how to name things, have you noticed that? Remember these names? The American Recovery and Reinvestment Act of 2009, Shovel Ready Jobs, or my favorite, "Cash for Clunkers" remember that one?

Now comes the SUPERCOMMITTEE, it's not just a committee, it's a SUPERCOMMITTEE with no space. I keep thinking to myself, what is a SUPERCOMMITTEE, how is it different from a committee? In fact, I was so intrigued that I looked up SUPERCOMMITTEE in the dictionary, the word doesn't even exist. Like a lot of things in Washington these days, it's all about smoke and mirrors, followed by no substance.

On the 23rd of this month, just before Thanksgiving, the so-called SUPERCOMMITTEE is going to come out with their recommendations, it's not going to happen. Chances are, the report/recommendations will be delayed until the following week. If anyone's good at kicking the can down the road, it's Washington.

Another fly in the ointment for the markets this coming week, is the Continue reading "Weekend Update: SUPERCOMMITTEE, EUROPE, and other big problems for the markets." →

What is happening to the world?

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 18th of November.
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IS PERSONAL MARKETCLUB COACHING RIGHT FOR YOU?
Free consultation. 877–219–1482
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It's Friday and we know what that means!

As we move into the trading day, the equity markets are all lower for the week.  Many of the markets came under pressure this past week, including crude oil which looks like it is going to close lower for the week after reaching a six month high earlier in the week.  This is not a particularly positive sign for this market. Continue reading "What is happening to the world?" →