The Big Story Today is MF Global's Bankruptcy

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 31st of October.
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Ex-governor Corzine bets big on sovereign debt and loses.

The big story today: Is MF Global declaring bankruptcy based on their sovereign debt exposure? How can one brokerage company, which MF Global was basically spun off from, become a sovereign debt player to the tune of $50 billion? Well, it's all about leverage and huge egos, in this case Corzine's ego. Former governer of New Jersey, Jon Corzine essentially made a huge bet at the derivatives tables and lost! This is what happens when you let egos get involved in the markets over common sense.

In today's video, we're going to look at MF Global and show you just how our Trade Triangles were giving clear and concise signals that all was not well. These signals happened months ago as I will show you in today's video.

As many of you know, we have been criticized for not getting super bullish on the financials, as it looked as though they had broken out. We stuck to our basic beliefs and according to our Trade Triangle technology, the financials hadn't broken out to the upside. Having a disciplined approach by far and away is the winning strategy to have in today's markets.

You may recall our comments about how we go from "the world that is coming to an end", to instant euphoria. Things don't change quite that fast in the real world of trading. The overall trend continues to be negative in the equity markets. The overall trend in the gold market continues to be positive.

Okay, now let's go to the charts and see how we can create and maintain your wealth in 2011. Continue reading "The Big Story Today is MF Global's Bankruptcy" →

The week that was ... and what a week! Weekend Video Update

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 10/28/11.
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BIG MOVES IN ALL THE MARKETS
Last week we saw the markets have massive gains both on the upside in the case of equities, gold, silver and crude oil. The US dollar came under pressure losing 1.6% on its index.

 

You have to be impressed with the market action and certainly this is a classic example of markets not following the fundamentals. I think everyone can agree that the fundamentals in Europe are not good and they are not particularly great here in the United States.

A quick look at the changes for last week:

S&P 500 Index: – up a positive 3.78% * Spot Silver:– up double digits with a gain of 12.64% * Spot Gold: - up 6.15% * Crude Oil (December): - up 7.05% * Dollar Index: - down 1.6% * Reuters/Jefferies CRB Index: - up 3.9%

So let's go look at the charts and see what to expect for this coming trading week and find out how we can create can maintain your wealth in 2011.

Continue reading "The week that was ... and what a week! Weekend Video Update" →

A Game of "Wait and See" Anyone?

Posted on by The INO.com Team

Hello traders everywhere!  Jeremy Lutz here, filling in for Adam with your mid-day market update for Friday, the 28th of October.
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The major indices are nearly unchanged after moving moderately lower earlier in the session today.

It appears that traders are reluctant to make any significant moves following the substantial upward move Thursday.  That move was caused by news that European leaders finally made headway towards a potential deal to resolve the regional debt crisis.

Traders look to be taking a "wait and see" approach to this rally, wondering if there will be any follow through next week.

Now, let's go to the charts and see how we can create and maintain your wealth in 2011. Continue reading "A Game of "Wait and See" Anyone?" →

Is This Rally For Real?

Posted on by The INO.com Team

The Video has been updated to a new version. Thank you for your patience.

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 27th of October.
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Is this rally for real and should you trust it?

The Dow is shaping up to have its biggest ever monthly October gain in the history of the Dow.  The question traders have to ask themselves, is this for real and should I get long this market?

Everything was sparked off late last night when they thought they had an agreement with the banks to take a 50% haircut on their bond holdings. To put it in simple terms, if you have something worth $10 on your books, it was now only worth $5. And that's a relative term, as there is no real trading market for these bonds at the moment.

The sharp upward move in October came as a surprise to many professional traders, as well as hedge fund managers. Today's action was largely a squeeze play, with the shorts getting squeezed out of their positions forcing them to buy back at higher prices.

Now to get back to our initial question, should you trust this rally in the market? According to our Trade Triangle technology and the long-term trends, not at the moment. Our long-term Trade Triangles on all the indices are still in a negative mode. Somewhere along the line this will change and we will either get a signal to resume short positions or reverse and go long. We will wait and see the outcome of this current move and how it affects our strategy and Trade Triangle technology.

Now, let's go to the charts and see how we can create and maintain your wealth in 2011. Continue reading "Is This Rally For Real?" →