Make sure you join Adam every weekday at 1 P.M. EDT for MarketClub's market update.
View the LIVE 1 P.M. update HERE
Every Success,
The MarketClub Team
The Greatest Traders
Today we would like to introduce you to a good friend of INO.com Aamar Shehzad. Aamar is the Chief Technical Analyst and Managing Director of Pivotfarm.com. Prior to creating Pivotfarm.com Aamar worked as an independent trader and analyst, he's a regular speaker at trading seminars and expos. Today he going to talk about what separates the great traders from the pack. Continue reading "The Greatest Traders"
We Are Again Faced With the Question...
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 6th of October.
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WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A HP WiFi TABLET
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We are again faced with the question: Has the market bottomed out or is this just another dead cat bounce?
It's too early to tell.
Right now the major trends continue to be negative for equities, crude oil and some other markets we have identified in our videos.
No market goes straight up or straight down. You will always see counter-trend rallies. If you are familiar with the Elliott wave theory, you know that markets tend to go up in five waves, three with the trend and two against the trend. When a market is pulling back against the major trend, like we are seeing now, it can be an excellent opportunity to either exit a position if you are long or go short the market. It is definitely going to be important to see how we close out the week.
While the current rally looks exciting and may go higher, the bottom line is the trend is still down in the equity markets.
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3 STOCKS IN THE NEWS
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APPLE (Symbol AAPL) - Trade Triangle (Monthly) Long from $355.13 on 7/7/11.
Now trading @ $383.50
FIRST SOLAR (Symbol FSLR) - Trade Triangle (Monthly) short from $132.17 on 5/04/11.
Now trading @ $65.41
CONSTELLATION BRANDS (Symbol STZ) - Trade Triangle (Monthly) short from $20.19 on 7/29/11.
Now trading @ $20.47.
Now let's go to the 6 major markets we track and update every trading day and see how we can create and maintain your wealth in 2011. Continue reading "We Are Again Faced With the Question..."
Fundamental Analysis or Technical Analysis
Today's guest post is from our friends at the Benzinga News Desk. Today they are going to ponder the age old question of fundamental or technical analysis and discuss the Elliot Wave Principle. Be sure to comment below with your own thoughts and learn more about the Benzinga News Desk here.
Investors and traders have been arguing for the longest time about which overarching strategy is king: fundamental analysis or technical analysis. Long-term investors believe that technical analysis is trash and nothing more than lucky betting, while short-term traders think that fundamental aspects of companies and economies do not matter for short-term price movement. Continue reading "Fundamental Analysis or Technical Analysis"
"One last thing ...thank you, Steve Jobs"
It is so hard, but this is from the heart.
One of my heroes, a genuine American genius has passed away this evening. I am referring to Steve Jobs, who created so much of the technology and innovation that we enjoy and use everyday in our lives.
It was thanks to Steve, that I was able to write my book, "Right on the Money". It was thanks to Steve, and the technologies he created and championed, that I was able to make the successful transition to the digital world.
I'm not sure why I feel so sad, I never met Steve personally, but I felt, I knew him through the technologies he created. I'm not sure why, surrounded by my iPhone, iPad2 and my MacBook Pro, all of which are basically hardware and software, that I miss the heartbeat of Apple. Unless you are an Apple fan, you will not have the same feeling, I have this evening. Thanks to Steve, I feel a connection through the technology he created and believed in.
I feel an enormous loss and void this evening, but I'm not sure how I can explain that to you in words. I was not related to Steve, nor as I said earlier, did I know him personally. None the less there is a profound sense of loss and sadness that I feel for Steve and his family, and the technology world. Steve passed away at the top of his game, but too early.
I'm sure they're going to be a lot more eloquent tributes to Steve, but this one's from the heart. Thank you Steve, for all that you gave the world. You were the equivalent of a Einstein or a Henry Ford in my mind. You were a true American maverick, and I will miss, and forever treasure the technology you created and shared with the rest of the world.
As Steve would say, "One last thing ..."
Thank you,
Adam Hewison
President, INO.com
Cofounder MarketClub.com
