Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 28th of June.
Fibonacci Had It Right!
The recent recovery from the lows seen in the DOW at 14,548 retraced exactly to the Fibonacci points that I laid out in Wednesday's video. For the DOW that number was 15,041, the S&P retracement came in at 1,618 and the NASDAQ came in at 3,414. Continue reading "Today's Video Update: Fibonacci Had It Right!"
We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of the Intevac Inc. (NASDAQ_IVAC).
I hope you are having a GREAT week !!!
This week let's take a look at a low priced stock that looks to have a good chance of turning into a high priced stock. Continue reading "Chart to Watch - IVAC"
In today's video, I'd like to share with you the five core trading principles that you need to use if you're going to be successful in the markets.
Over my four decade career, there was not one single successful professional trader who didn't use some form of these trading rules.
Like all worthwhile concepts, this video is short, simple and to the point. I also have a special gift for you some thought I was crazy for giving away for free.
If you have never seen any of my trading videos, this is the one you don't want to miss.
So what are you waiting for? Let's get started right away!
Enjoy the video and your free gift and every success in your trading.
Adam Hewison
President, INO.com
Co-Creator, MarketClub
The Gold Report: On April 15, the gold price plunged about 9%the biggest one-day loss ever for the yellow metal. Many gold investors got "murdered" that day. Has your personal investigation revealed any suspects?
Ian Gordon: I suspect it was akin to what happened in 1999. The then-governor of the Bank of England, Edward George, supposedly said that "any further rise in the gold price would take down one or more trading houses." He said the rising price of gold was curtailed through the work of the Federal Reserve and the Bank of England. It appears that a bullion bank was caught offside on the short side and they had to take the price of gold down quite dramatically to allow it to cover.
I think something similar happened in April. I think it was manipulated to the downside. Goldman, Sachs Co. encouraged its clients to short sell gold two days before this occurred.
TGR: Could it have just been an error?
The price of oil rose above $97 a barrel Thursday, as the latest U.S. economic data raised hopes for an increase in gasoline demand but suggested the Federal Reserve can wait to pull back on its current stimulus measures.
Meanwhile, the price of natural gas fell to nearly a 4-month low, and the cost of filling up the family car dropped again as the July Fourth holiday approaches.
The number of Americans seeking unemployment benefits fell by 9,000 to a seasonally adjusted 346,000 last week, evidence that the job market is still improving modestly. Steady job gains could help the economy expand later this year, and would mean more people driving to work. Continue reading "Oil price rises above $97 as Fed fears ease"
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