It's Friday... Are you in or out?

It’s Friday* and a day when many traders are considering how to deal with their positions over the weekend. How comfortable or uncomfortable are you going home with a position this weekend?

I consider the close on Friday to be the most important close of the week. It provides invaluable insight into what is going on in the markets as well as an easy way to analyze the market.

This is what I do, I write down the previous Friday’s close in the markets that I am interested in. For illustration purposes today I’m just going to include five markets. They are: S&P 500, Dow, NASDAQ, gold and crude oil.
Continue reading "It's Friday... Are you in or out?"

Did the "Death Cross" die, or is it still live in the S&P 500?

The sharp upward rally in the S&P 500 surprised many people, myself included. However, the rally did not change the "Death Cross" which we pointed out as being a negative and significant market event that does not occur very often.

This market's rally also did not change our weekly and monthly "Trade Triangles" which are still red and indicating that the trend is headed lower.

In this short two minute video, I show you some other aspects of the S&P 500 that I think you should be watching.

As always our videos are free to watch and there are no registration requirements.

I would love to hear your comments on our blog about this or any of our other market videos.

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

Reminder: Intro to MarketClub Webinar

Don't forget to join MarketClub experts Susan Jackson & Jeremy Lutz  help you understand the basics of MarketClub such as: navigating the charts, “Trade Triangle” strategies, email alerts, and scanning capabilities today at 4pm EDT (8pm GMT).

Whether you're on a trial, already a member, or interested in learning more about our premium advisory service and our "Trade Triangle" buy and sell signals, we encourage you to join and sign-up today.

Click here to register for today's Intro to MarketClub Webinar at 4pm EDT / 8pm GMT

We look forward to seeing you there,

The MarketClub Team

10 Steps to Becoming a Trader

Today's guest is Mark Hodge of Rockwell Trading. The very basics of trading are often overlooked by new traders and I think we all can agree that you need a solid foundation to prosper in today's markets. Mark decided to write a post on what, in his experience, makes a successful trader. Be sure to comment and feel free to share your success (and horror) stories of becoming a trader. Also, don't forget to visit Mark at Rockwell Trading.

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With the way the markets have been behaving these days, it’s no surprise that more and more people are interested in trading. If you’re new to trading, you’re probably attracted to the potential to make money, but you’ve heard horror stories about traders that have lost money in the markets as well. If you’ve been trading for awhile, you probably have a horror story or two of your own. These stories and experiences are important to share, but it’s unfortunate when many of these horror stories could have been avoided by understanding what it takes to become a trader, and by having direction early on.

The following “10 Steps to Becoming a Trader” provide a structured and systematic approach to becoming the trader you want to be. By following these “10 steps” you will be in the best position possible to achieve your goals as a trader:

Step 1 – Determine the type of trader that you want to be.

Sounds simple enough, but if you don’t address this key step it will be difficult to progress as a trader. What markets and time-frame will you trade? You’ll discover that your situation and goals will have a direct impact on the type of trader you decide to be. So ask yourself, what type of trader will you be? Continue reading "10 Steps to Becoming a Trader"

Here's an ETF that you may want to take a look at...

I just finished a new short video on an ETF that's looking very interesting. The video runs a little over two minutes and gets right to the meat and potatoes of this market.

This particular ETF is leveraged and trades almost 2,000,000 shares a day, so it is nice and liquid. What makes this ETF so interesting, is that it plays such a big part on the financial world stage.

As always our videos are free to watch and there are no registration requirements.

We do ask, however, that if you have thoughts on this market or this video, that you make a comment on our blog.

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