Today Sterling moved over the key 1.50 level in interbank trading. We have been waiting for this to happen (see our video).
It appears that this market is headed higher against the dollar.
Watch this video again for target levels.
Adam Hewison
President, INO.com
Co-creator, MarketClub
Is the S&P 500 running out of gas?
After a spectacular rally from the lows seen last month, the S&P appears to be running into overhead resistance.
Is this the pause that refreshes, or is this the pause that reverses the market back towards the lows?
I have said for some time that I was not that confident that this rally would continue as our long-term "Trade Triangle" remained in a negative mode. In my new video I outline the key areas that I believe will shape this market in the coming weeks and months.
Evening doji star -- the same as an evening star except the middle candlestick (i.e., the star portion) is a doji instead of a small real body. Because there is a doji in this pattern, Marketclub considers this pattern to be more bearish than the regular evening star.
The market action for Apple on Tuesday created an Evening Doji Star. What this means is that Apple has put in a top.
Continue reading "Evening doji star on Apple ... not a good sign."
The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Moyers sits down with William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the bailout.
Can you imagine a chart that actually talks to you and tells exactly what's going on in any market you are looking at or following? Well, now you don't have to imagine anymore, Talking Charts ™ have arrived.
I think you'll be impressed. Please take a few minutes out of your day to see how this new technology works. I have just released a new video on this technology that will give you a whole new perspective on the markets.
As always, this video is with our compliments and there is no need to register to watch.
Thanks,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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