Forget The News If You Want To Trade Successfully!

Posted on by The INO.com Team

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Monday the 22th of August.

Forget the news, if you want to trade successfully.

Many news stories, particularly when it comes to the markets, are basically fed to reporters by folks who have a vested interest in that particular market. I've seen this happen time and time again, when information is given to an online anchor or someone else who is on air and reading the latest news. The information that they report, may be not accurate. In the competitive rush to get news online, and be the 1st to break a story, very few stories are ever checked and triple checked.

So we wake up this morning with the potential conflict in Libya over, and Libya's Colonel Qaddafi's 42-year reign of insanity has maybe come to an end. Based on that news, the Dow rallies up over 200 points. Let's see, that little conflict cost the US about 1 trillion dollars, money we don't have. How could that be good for the market? Now we are tying the news in Libya to the markets here and the terrible economic conditions that exist - it is a stretch by anyone's imagination. The truth is, that the markets probably rallied based on a short covering. Many active traders went home with short positions over the weekend. When the markets did not follow through to the downside they quickly covered their short positions and pushed the market higher.

So here's my advice, do not pay too much attention to the news. Let the market, and the price action give you all the direction you need. Market action is the # 1 item to watch to be a successful trader.

Now, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "Forget The News If You Want To Trade Successfully!" →

HP - Fire sale or long time coming?

Posted on by The INO.com Team

Late last week Hewlett-Packard announced that it would no longer be making the very products that made them a household name since the explosion of home PCs. Then came the fire sale of their HP TouchPads for only $99.

I don't think anyone was surprised when HP stock prices took a nose dive, however, MarketClub members have been short this market since March.

The trend is your friend, and so are MarketClub's "Trade Triangles."

Every success,

Susan Jackson and The MarketClub Team

P.S. To learn more about the club Where Members Profit, click here.

Weekend Update...The Tail That Wags The Dog

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 8/19/11.

The tail that wags the dog

Once again, the problems with sovereign debt in Europe  spilled over into the global equity markets,  and in particular the bank stocks. Europe is "the tail that wags the dog", and in this case,  it's the world.

Video update here.

For the 4th straight week, US equities closed lower and under heavy selling pressure.  Gold on the other hand soared to new highs, on fears that the sovereign debt crisis is escalating and getting totally out of hand. (It's already out of hand).

With world equities coming under pressure crude oil was not immune to the potential of less demand for this commodity. With that in mind crude oil slipped 3.6% for the week.

So there you have it, the trends continue,  and these trends are likely to continue in the near future.

Now,  let's go to the weekly charts and see what happened last week in the major markets according to our Trade Triangle technology. Continue reading "Weekend Update...The Tail That Wags The Dog" →

They Slide Faster Than They Glide

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Friday, the 19th of August.

"They slide faster than they glide"

I learned that rule more than 30 years ago when I was trading in the pits as a member of the CME.  Translated it means, markets go down faster than they go up.  We only have to look at the last two or three weeks to see how true that saying is.

It's Friday!  It's the end of the week and investors are shell shocked and for the most part very nervous.  A weekly close today in the S&P500 below 1,178.81 reinforces the bearish outlook for equities in general.

In contrast, gold is up over $100 for the week and looks like it is getting pulled closer and closer to the magical $2,000 level.  If the chaos in Europe continues, gold will continue to benefit.

The trend in crude oil continues to be on a negative track and is down about $3 for the week, at the time of this writing.

Enough analysis, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "They Slide Faster Than They Glide" →

SKF, the banks, Fibonacci trading, and why the markets crashed

Posted on by The INO.com Team

Last night on MarketClub TV, Susan and I discussed what we and the “Triangles” saw in the markets in the days to come and well, it didn’t even take days. In a little more than 12 hours, the markets showed us that we were dead on.

SKF discussed in the above video recorded on Wednesday is up + 9.8% today!

Of course, even we know that we can’t be right all the time, but more often than not MarketClub has put us on the right side of many markets. Want to see for yourself? For the first time ever, we’re offering you a MarketClub membership at a price you’d be crazy to refuse. Click here to find out more.

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub