I Was Thinking This Weekend...

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 18th of July.

Well, Monday is here and we are no closer to solving the debt problem than we were last week. Europe is still a disaster and that's been reflected in the bank stocks today.

I was thinking this weekend... If everybody moved out of Greece, what would happen to the debt and who would pay it? I know it sounds weird to say, but the reality is with the euro zone you do have the freedom to work in other countries.

The world has changed, yet the politicians still think it's the same game. In the world of the Internet you can be based practically anywhere that's advantageous to you. In an example like Greece, which is so far underwater it seems they are never going to be able to bail themselves out... Why not just walk away from the debt? One could stand to reason that most well educated Greeks have the mobility and the language power to move to other countries in the euro zone and work.

Today's markets reflect what I was saying all last week in regards to the bank stocks which are under tremendous pressure today. BAC is down over 3% and other bank stocks don't look much better.

Gold and silver moved dramatically high today with gold topping the $1,600 an ounce level before some profit taking came in to the market. Silver is up close to 3% as I write this, and is moving higher and faster than gold percentage wise. So let's take a look at these markets in more detail and workout some target zones for gold and silver, as well as the banks.

Now, let's go to the markets and see how we can protect and make your money grow.

Continue reading "I Was Thinking This Weekend..." →

Big Week Ahead ... Be Prepared For A Lot of Volatility

Posted on by The INO.com Team

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend trading update for the week ending on 7/15/11.

The precious metals markets continue to be on fire with silver jumping another 7% on top of a 8.35% gain the previous week. Gold closed the week on an all-time high on Friday. Both gold and silver are reflecting the general fear that is prevalent in the markets. For the week gold put in a solid + 3.19% performance. You should be long one trading unit of gold based on our 52-week, weekend trading rule. We're expecting this market to open higher on Sunday in the Far East, and also on Monday when the markets open here in the States.

The S&P 500 was not blessed with gains for the past week and dropped just over 2% for the week. We now have very clear battle lines drawn between the Bulls and the Bears. The 1276 level on the S&P 500 is where the 200 day moving average comes in this week. In addition to the 200 day moving average, we also have a long-term trend-line going all the way back to March of 2009. These are two key levels to watch this coming week.

In other markets the CRB and dollar index showed very little movement as they continue to be range bound. Crude oil appears to be treading water  at the moment and has significant resistance overhead at $99.50 basis the August contract.

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Continue reading "Big Week Ahead ... Be Prepared For A Lot of Volatility" →

The Beat Goes On And On And On...

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 15th of July.

The beat goes on and on and on. I am of course talking about the debt ceiling talks which are absolutely imperative to the U.S. I think that most Americans are just getting disgusted with both parties and I think come election time we will see some major changes.

This should be a very interesting Friday with Gold at or close to its highs and Silver higher for the day so far. The equity markets just seem to be hanging on by their fingernails now and I expect we will see further pressure on the markets as the day wears on. Unless there's some major news that comes out I can't imagine these markets rallying from their current levels.

The opportunities to make money right now are huge. We've outlined clearly in our past reports the line in the sand for the S&P 500 and of course we remain positive on the precious metals. One trade you might want to consider this weekend is Gold. If Gold closes at or close to its highs for the day we want to go home with an additional trading unit. If this happens it will qualify as a 52 week high trade rule which means you go home long Gold and take profits on Monday or Tuesday. Use tight money management stops on this position.

Now, let's go to the markets and see how we can protect and make your money grow.  Continue reading "The Beat Goes On And On And On..." →

Judgement Day For Investors?

Posted on by The INO.com Team

It's time for the U.S. Government to sit down and get serious about the Debt Ceiling, but we want to know....

If Obama and the Party Leaders fail to raise the legal limit on government borrowing, will it be catastrophic and lead to financial ruin?

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As always, we would love to hear your thoughts on this or even where you think things may go from here. Be sure to share your thoughts in our comments section!

Best,
The MarketClub Team

Will He Or Won't He Implement QE3?

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 Thursday, the 14th of July.

Will he or won't he implement QE3?  That is the question on everyone's lips.  I am of course talking about the Federal Reserve chairman, Ben Bernanke.  I don't think it's going to matter too much because the market is acting exactly how we expected it to act.  The market action for the past three days has very negative connotations in my opinion.

The plain truth is the market has been unable to hold or sustain any rallies after its big down day on Monday.  I think tomorrow, being Friday, a lot of traders will be very nervous about holding long positions based on what may or may not happen with the debt ceiling over the weekend.

Gold and silver continue to move to the upside and are in strong hands.  This weekend could be the perfect weekend trade for these two markets.  Target zones are higher than current levels for both gold and silver.

Another concern we have are bank stocks, which continue to look weak.  Bank of America, symbol BAC, could be a perfect candidate for a 52 week rule trade on Friday.  Watch that stock carefully on Friday.

Now, let's go to the markets and see how we can protect and make your money grow.    Continue reading "Will He Or Won't He Implement QE3?" →