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Learn more about MarketClub or just chat with our staff...we would love to talk! Give us a call (toll free) at 1-800-538-7424 Mon.-Fri. 9am-5pm.
Best,
The MarketClub Team
It is hard not to be a sore loser in today’s economy. We pay more money for less gas. The prices on groceries have risen, while the value of the dollar has fallen. The unemployment rate is still high, and many of us owe more on our homes than they are worth.
So, how do you think we can turn this economy around? Perhaps we would all like to believe in Bernanke’s theory of Wealth Effect. (“Higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion.”) However, that doesn’t seem to be happening. So, when do we stop trying to help the economy by buying, buying, buying, and start keeping ourselves safe by saving?
Loading ...As usual, we would love your feedback and insight. Let us know where your money is going in the comments section.
Best,
The MarketClub Team
First off, I want to congratulate Wayne Byron on his free one year membership to MarketClub. Although Wayne is already a current member, he will receive an additional year free to his membership.
Now down to business. The dollar hit a new low today. If you watched my afternoon update, you know that gold hit our predicted level of 1,500. Still not as strong as silver, but what's next for gold?
I also talk about "stops" in tonight's video. Whether it be in regards to percentage, the dollar, or our very own trade triangles, you don't want to miss it.
You may not want to rush into google, but you will have to tune in to find out why.
Also, Cal from Toronto has a great question that we discuss. I look forward to hearing your questions next Thursday on MarketClub TV!
Click here to view MarketClub’s full Livestream library
Every success,
Adam
I was so excited about the markets today that I decided to jump the gun and update you early! Did the dollar move down as predicted by our MarketClub trend lines? Did gold meet our target level of 1,500? You will have to tune in for the answers, folks. What I can tell you, is that the S&P is seeing some major resistance with its potential "reverse head and shoulders" trend lines.
With the long holiday weekend approaching, you do not want to miss today's final update. Join me LIVE at 7PM ET tonight and be ready for the post-holiday markets on Monday!
Click here to view MarketClub’s full Livestream library
Every success,
Adam
Last time Larry Levin was a guest on the Traders Blog, we received a ton of great feedback. So, we decided to ask Larry if he'd be interested in sharing another one of his trading tips. Of course, he was happy to send over another. Today' tip is on engulfing patterns, a commonly found candle-stick setup. Be sure to comment with your thoughts and visit Larry for more trading pointers.
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Candlestick charts have all kinds of potential patterns that technicians are watchful for. One of the easiest to spot is an engulfing pattern. This set-up consists of two candlesticks, one of which is “engulfing” the previous one. That means the body of the second candlestick is longer than the first one. It doesn’t have to extend beyond the wicks of that first candlestick, just the real body.
Spot an engulfing candlestick and you might be seeing a reversal signal Continue reading "Secret Trading Tip #19 Candlesticks & Engulfing"
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