Is The NASDAQ Now In Thin Air?

Posted on by The INO.com Team

Of the three major indexes we track: DOW, NASDAQ and the S&P 500, only the NASDAQ is in thin air.

What do I mean by thin air? So far the NASDAQ is the only index to make it past the 50% Fibonacci retracement levels as measured from the highs seen in 2007 and the lows that were made in March of this year.
Both the Dow and the S&P 500 have rallied strongly from their March lows but have not made it over the 50% retracement level.

Many professional traders - myself included - are looking at the NASDAQ's Fibonacci retracement as it represents a potentially key turning point for this year's market.

Continue reading "Is The NASDAQ Now In Thin Air?" →

An Old Fashioned View...

Posted on by The INO.com Team

With the Dow back over 10,000, I like a few other people have been considering a taking a few more positions, sticking my neck back out if you will. This got me thinking about the very basic principles of the market. I wanted to share with you a brief list put together by my friend Hale of Bonddad Blog. These are a few basic points that still resonate with him while trading. What do you think, what are some of the basics that you'll never loose? Leave us a comment and be sure to visit Hale at Bonddad blog.

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For a guy who lives in the 21st century I have a remarkably old fashioned view of the market.  My favorite technical analysts -- Gartley, Murphy, Gann and Schabacker -- are some of the earliest practitioners of the art.  There are a few basic points from these people that still stand out for me.

First, you can make money on both sides of the markets – going long and going short.  This means we can always be invested so long as we know the market’s direction.  To know the market’s direction we need to know how the fundamentals of the US economy are doing – is the economy expanding or contracting?  This requires basic knowledge about the economy.  If you don’t know it, learn it. Continue reading "An Old Fashioned View..." →

Here's Your 6th Trading Secret

Posted on by The INO.com Team

Trading Secret #6 is an important one as I believe it's a secret that most traders - expert and self directed - both fail to properly understand. Watch the lesson and hopefully I can count you as someone who DOES understand this important secret!

Trading Secret #6 is here:

Enjoy this Trading Secret. Your final Trading Secret will be published on October 23rd at 9 a.m. EST.

Adam Hewison
President, INO.com
Co-creator, MarketClub

7 Secrets to Successful Trading

Are You Laughing or Crying About the Markets?

Posted on by The INO.com Team

Are You Laughing or Crying About the Markets?

There's no question about it, the markets can be very difficult at times. On the other hand, you can laugh all the way to the bank if you approach the markets in a systematic way.

I was looking once again at the S&P 500 and many people have said the market has gone up, not on the fundamentals, but on the perception that things are going to be better. Perception is one of the most powerful elements of the market. I would say that perception trumps both the fundamental and technical.

So what's going to happen to the S&P 500? Is it going to continue going higher for the rest of the year, or are we close to a turning point?

Continue reading "Are You Laughing or Crying About the Markets?" →

Traders Toolbox: Psychology Of A Bottom Revisited...

Posted on by lindsay

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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"As bull markets roar to a top, it is relatively easy to see the emotional or psychological signs of an impending top. Virtually every source of news will provide coverage of the seemingly endless climb towards higher levels. Greed infests the public as the inexperienced flock to get a piece of the action. Finally, when it is “impossible” for a market to decline and everyone who wants to buy is in, the top will be struck. Buyers become sellers and a downmove ensues.
To an extent, the same sort of pattern unfolds at major bottoms. However, since the events surrounding the decline are not as exciting or newsworthy as those in a bull market, the signs are harder to see. Instead of greed permeating the atmosphere, fear becomes the emotion of significance. As the news becomes per- ceived as increasingly bearish, traders who had been bullish give up. The emotional stress of margin calls and “bad” news finally forces long liquidation..."

Revisit the Trader's Toolbox Post: "Psychology Of A Bottom" here.