Can History Predict the Future?

Cycles, rhythms, patterns, and seasons...no matter what you call them they are there in the markets. One market in particular is the Nasdaq and today I've invited Steve Hoven from NasdaqProfits.com to give us his insight into the patterns of the Nasdaq. If you have any other patterns you'd like to share please do so in the comment section and be sure and visit NasdaqProfits.com to check in on what he does!

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The Nasdaq Index is over 30+ years old.

Yet did you know that over those 30+ years on the date July 9th, the Nasdaq finishes the day UP over 85% of the time.  That is right- since the early 1970's when the Nasdaq began, it has been open 27 times on date July 9th and out of those 27 times, the Nasdaq has finished in the Positive 23 times and DOWN only 4 times.
(of course July 9th sometimes falls on a Saturday/Sunday when the markets aren't open so that is why you only see 27 trades instead of 30+)

Continue reading "Can History Predict the Future?"

The Decoupling of Gold

The Decoupling of Gold

With today's historic move into new high ground for gold against the dollar, has this market finally decoupled from the other markets?

Watch the video here.

In this short two minute video, I will share with you what I think the next major technical level is for this market. We will also be looking at an indicator that is close to kicking in that could sharply accelerate gold's upward move. Gold has an enormous energy field below it that is capable of pushing prices significantly higher in the months ahead.

Continue reading "The Decoupling of Gold"

Weekly Trade Triangle Indicates Exit All Long SP 500 Positions

In our last video on the S&P 500 (10/27), we indicated that this market may have topped out for the year. Today's action puts in place a weekly "Trade Triangle" which indicates that a temporary or a permanent top is now in place for this market.

In this latest video, I share with you some of the ideas that I think could potentially come into play for this market. Not only do I have some downside targets in mind, but I also see a pattern that could evolve in the next several weeks which will confirm that we've made a serious high in this market.

As always our videos are free to view and require no registration. I would really like to hear your thoughts on this market. Please feel free to leave your comments on the blog.

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

Traders Toolbox: Reversals Revisited...

Trader's Toolbox

At MarketClub our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals -- no matter which way the markets move -- with objective and unbiased recommendations not available from brokers.

The Trader's Toolbox posts are just another free resource from MarketClub.

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Image Reactions Within A Downtrend

"Reversals In my opinion, one of the most misused and abused terms in technical analysis is the reversal or key reversal. I often get calls from both new and experienced traders who are excited about a market because it has just posted a “key reversal.” While the action these traders point to often marks a reversal day, such a day (week or month) by itself actually has little significance. There is research which indicates single period reversals mark a turn only about 50% of the time. Which gives about the same odds of indicating a turn using a coin flip..."

Revisit the Trader's Toolbox Post: "Reversals" here.

Q3 Results ... Best Of The Year So Far

We've had numerous requests for our Q3 numbers and we apologize for getting them published so late. It's not that they are bad, in fact, they are our best quarterly numbers so far for the year. Q4 looks to be stellar and we're looking forward to sharing those numbers with you in the early part of 2010.

So how do we do in Q3?

As you may or may not know we track six markets and have been doing this since Q3 of 2007. The six markets are: corn, wheat, soybeans, crude oil, gold and the dollar index.

Continue reading "Q3 Results ... Best Of The Year So Far"