How to Determine Where the Real Support and Resistance is Everyday

Posted on by The INO.com Team

Larry Levin is no novice to the markets, in fact he's a pretty well-known by traders worldwide. We've asked Larry to give Trader's Blog readers some tips he uses to find daily support and resistance levels and he gladly agreed. Be sure to comment and let us know what you think and some things you use to find key market levels.

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Secret Trading Tip #29
From the Desk of S&P Trader Larry Levin, President of Trading Advantage LLC

How to Determine Where the Real Support and Resistance is Everyday

Understanding support and resistance levels is an extremely important skill in any market, and it's absolutely critical if you plan on trading the S&P and NASDAQ E-Mini markets. Professional floor traders are aware of an entire range of major and minor support and resistance levels before the market opens each day. They also know how to calculate new levels as the trading day progresses. Continue reading "How to Determine Where the Real Support and Resistance is Everyday" →

GOLD! Where will it close?

Posted on by The INO.com Team

This week has been all about gold, gold, and more gold around the Trader's Blog and MarketClub. If you attended yesterday's webinar - and close to 1,000 of you did, you heard us talking about how interested we are to see where gold will close today.

With that in mind, we've decided to put a little something on the line. Simply leave us a comment below telling us where you think spot gold will close at today when the US markets close at 4pm EST and you have a chance to win a quarterly membership to MarketClub that you can keep for yourself or give as a gift for the upcoming holiday season.

Contest Rules

1. This contest is open until 3:30 PM (Eastern) on December 3rd, 2010.

2. The closest guess wins.

3. One entry per email address. Any duplicate entries will be disqualified.

4. Prize Winner will be contacted on Monday, December 6th, 2010 via email.

GOOD LUCK!

The MarketClub Team

Update 3:49 PM EST: Voting closed at 3:30 PM EST. All votes after that time are ineligible to win. Good luck to all those who guessed!

Gold Webinar: RSVP Today

Posted on by The INO.com Team

We're expecting space to be tight for this week's upcoming gold webinar. Have you reserved your seat yet? If not, we're extending a last minute invitation to all of our lurkers out there.

Save your seat by registering today and find out what MarketClub co-founder and former floor trader Adam Hewison will be sharing about this ever-popular precious metal. Adam will show you how this market can be traded, what the pros and cons are, and how you can analyze all the ways to trade it with MarketClub's "Trade Triangles."

Click here to attend MarketClub's "5 Ways to Tackle the Gold Market" Webinar to be presented live on Thursday, December 2nd at 4pm EST/9pm GMT.

We promise that you won't be disappointed so register today!

The MarketClub Team

GOLD Alert this morning

Posted on by The INO.com Team

Short-term traders went long on a GREEN Daily “Trade Triangle” @ $1,372.77 today.

Intermediate and long-term traders continue to remain in  long positions.

If you are not yet a member of MarketClub see what you are missing with our  30 Day Risk Free trial and receive 3 valuable bonuses just for giving us a try.