Dave and Adam, co-founders of MarketClub, celebrate America's birthday with an unusual rap video with America's founding fathers. No disrespect intended. We are just happy to celebrate the 4th with a little humor.
POLL: Who saw this coming?!
Did anyone see this week’s reversal coming?! After about 6 straight weeks of a downtrend, the DOW alone went up 600 points!
Loading ...Weekend Update for 7/02. Plus what's with BARRON'S ... $150 OIL!!
Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend trading update for the week ending on 7/01/11.
This past week was one to remember.
The equity markets rallied 5.6% for their biggest one week move since 2009.
Also on the move was crude oil which rallied back to a point higher than when President Obama released the 30 million barrels of oil. The cover of BARRON'S had one of the biggest headlines I have seen recently saying "READY FOR $150 OIL?" Sound's like a game changer to me.
Closely following the move in oil was the CRB Index which jumped 2.39%.
One of several things that stand out to us this week was the potential creation of a "bullish engulfing line" in crude oil. A higher close this week in crude will confirm that this market has found a bottom
Here's what happened last week in the major markets….
Click on the image to watch the weekend update.
S&P500 +5.61%
Silver -1.23%
Gold -.97%
Oil +4.06%
$ Index -1.79%
CRB Index +2.39%
If you haven't watch our 1 PM updates, I recommend you take a look on this blog at some of our earlier postings.
As always, we rely on our market proven Trade Triangle technology for catching the big moves.
Have A great 4th of July !
Contest Winners…Trillionaires…and the smartest men in the universe!
Congratulations to our contest winners in their close predictions of the DJI and DX closing positions ending QE2 on June 30th, 2011.
Here is a little bit about our winners:
Andrew G.from PA- Winning guess for the DX: 74.377
We asked Andrew to tell us a little bit about himself and this is what he shared:
“I am a happily married 55 year old. We have two sons, one 24 and the other 22. Both graduated recently from UPenn, My oldest son is a bio-engineer, working at a medical device company, the younger one a Wharton graduate working in the financial field. I consider myself a long time student of the market and primarily, a long term investor. Having said that, over the last few years, I have concentrated my efforts on the charts, and technicals, believing that they play an exponentially larger role in the shorter term direction market. That it why I religiously follow the Market Club. It is one of the best top-grade tools for traders and helps to provide great insight as to where we go from here. It has been a great help with my shorter term trading strategies, as I continue to seek more consistency with both intraday and swing trading.”
Our other winner is:
John Hoffman from FL- Winning guess for the DJI: 12,432.39
Here is what John told us about himself:
“I am semi-retired and up until about two years ago I was helping a friend manage the administrative duties of his hedge fund (now closed). I am currently trading in my own accounts.”
All of us here at MarketClub would like to thank everyone for their participation in this fun-spirited contest…hopefully we can get another one together soon!
Congratulations again John and Andrew, enjoy your new Wi-Fi tablets!
Best,
The MarketClub Team
It's good to be back!
Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Friday the 1st of July.
I just got back from a business trip to Utah I will tell you all about that trip in a later broadcast. But right now all I can say is what a difference a week makes.
This week on Wednesday to be precise the S&P 500 gave you a strong buy signal with our weekly green trade triangle. Since that time it has done nothing but go higher.
Before I left I underscored how several markets were heavily oversold and at the lower levels of the Donchian trade channels. What this meant was that there was a strong probability that we would see a bounce in both the equity crude oil, and CRB index. That rally took place in the past few days. So what is going to happen now?
Let's go to the markets right now and see what is happening today. Continue reading "It's good to be back!"
