Italy and Greece Pass the Baton

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 14th of November.
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Italy and Greece pass the baton to the technocrats, but does it really matter at this point?

As we start this trading week, we've seen a change in the governments of both Greece and Italy, as the rule of the technocrats is now upon us. They can make the hard decisions that politicians can't seem to, but it is a bitter pill for the citizens of those countries to swallow. The bigger problem, and one that is complex and not easy to solve, will be social unrest.

No matter how things are sliced and diced in Europe, there is still a mega amount of money owed to banks that needs to be reconciled. The way the markets are opening today, it would appear as though no one is easy with the current changes. It may just be a case of "buy the rumor and sell the news." Continue reading "Italy and Greece Pass the Baton"

The Trend Trade & Breakout Strategy – Part 2

From time to time, we here at the Traders Blog will feature a person or product that stands out in the trading world. Today that trader is Alan Knuckman of the Wizard.com. Alan will be sharing part of his Trend Trade and break out trading strategy. Be sure to comment below with your thoughts and questions.

Hello traders I’m Alan Knuckman, Senior Market Strategist. I can be seen every week on financial television networks such as CNBC, Bloomberg, FOX Business and Reuters. I’m blogging today about my favorite trading strategy and my weekly trend breakouts for the week of November 14th. This week I’m also going to discuss how I use options to trade this strategy.

As I mentioned last week, with over 20 years plus experience in the markets, it has been proven to me that the real money is made on trading breakouts candidates that are going in the same direction as established trends. There are two parts to this established trading strategy. Continue reading "The Trend Trade & Breakout Strategy – Part 2"

Here's a legal way to trade on inside information

Should our elected officials be able to use inside information to pad their own pockets? Members of Congress and their aides have regular access to powerful political intelligence, and many have made well-timed stock market trades in the very industries they regulate. Is the practice legal and do you approve of it?

Watch this 60 Minute video before you vote.

Do you approve of Members of Congress being able to legally trade on inside information?

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First it was Greece, then it was Italy, now it's ...Weekend Update

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

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First it was Greece, then it was Italy, now it's the Super Committee

Last week it was all about Greece and Italy, and while those two countries are not off our radar screen by a long shot, along comes the Super Committee. This closed door, 12 member committee, made up of members of the House and Senate could give the markets a Super Headache.

Investors are concerned about how this super committee is going to cut 1.2 trillion dollars in Continue reading "First it was Greece, then it was Italy, now it's ...Weekend Update"

Can Three Big Changes In Europe, Solve the Sovereign Debt Problem?

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 P.M. market update for  Friday the 11th of November, Veteran's Day.
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IS PERSONAL MARKETCLUB COACHING RIGHT FOR YOU?
Free consultation. 877–219–1482
-------------
CAN THREE BIG CHANGES IN EUROPE, SOLVE THE SOVEREIGN DEBT PROBLEM?

Greece's swearing-in of new Prime Minister Lucas Papademos is one change. The second change is a new president of the European Central Bank, Mario Draghi. The third change, and this is a big one, and has not taken place yet, is when and if Silvio Berlusconi resigns from office. Mario Monti, is apparently the front-runner for the job. Not a big deal for Italy to change governments as they have had over 60 new ones since 1948.

With all the changes taking place in Europe, it isn't going to change the overall dire financial picture overnight. Changing governments is one thing, that easy, getting the citizens of that country to accept draconian austerity measures is a totally different can of worms. Continue reading "Can Three Big Changes In Europe, Solve the Sovereign Debt Problem?"