Tag: adam hewison

Daily Video Update: Is QE3 the next rocket that propels the SP500 Index to $1,550?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 7th of September.

Back in late August, we suggested that the markets would return to a more normal state with more trading volume and activity when traders returned from their summer vacations. Well, the comment out of Europe from Mario Draghi, head of the ECB, certainly propelled the dart of September to a quick start!

Yesterday's market action was a combination of new buying, and a large part of the move higher in the equity markets was short covering, as shorts scrambled to cover positions.

Another big call out yesterday was the move in the precious metals markets. Today we are seeing follow-through buying in gold, silver, and copper. Make no mistake about it, we are in bull markets in these metals. We are looking for all these markets to be strong for the next six months.

Look for the markets to close well today, as traders will be wary of taking home any short positions over the weekend.

This maybe a perfect weekend to employ our 52-week high rule to any market that is making new 52-week highs on the close.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Daily Video Update: Super Mario to the rescue!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 6th of September.

Now that Mario Draghi, the head of the ECB, has spoken we will let the market decide how it wants to interpret his language. Early indications show the market liked what it heard from "Super Mario" and the shorts are getting squeezed out of the major index markets again.

Of the three equity markets we track in this report, only the DOW has not confirmed itself to be in a bull market.

Earlier today the gold market shot over the psychological $1,700 an ounce level based on concerns that the ECB would be printing more money. That coupled with the Fed printing dollars would lead to inflation worldwide. It was exactly one year ago today that gold made its all-time high of $1,920.26 an ounce. We have been, and continue to be bullish on gold and silver.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video

Daily Video Update: Like an addict, the market needs another fix!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 17th of July.

Like an addict, the market needs another fix and the drug pusher of choice is, of course, Ben Bernanke and his QE pills. The question on trader's minds these days: is the market going to receive another QE3 fix soon? Or are the markets just going to get the shakes and move back to the downside? A QE3 pill is needed if this market is going to get high again, on the upside.

It's very debatable as to whether the Fed and Bernanke have any more pills to sell. If Bernanke is out of pills, then this market will have to go cold turkey. The market will have to survive on its own strength and weaknesses and not some drug induced quantitative easing.

As for MarketClub, we will let the markets and our Trade Triangles do the talking. Continue reading "Daily Video Update: Like an addict, the market needs another fix!" →

Where's The Regulation? - Part 2

Posted on by The INO.com Team

Last week, I ranted about regulation and the folks who regulate. This week, I would like to follow up on that rant.

As many of you may know by now, PFG founder and CEO Russell Wasendorf Sr. was arrested last Friday. He admitted to making false statements to the Commodity Futures Trading Commission relating to the value of customers segregated funds at PFG. He even said, "I have committed fraud".

According to his own attempted suicide note, he's been embezzling money from the company for the past 20 years. He also stated that all the bank accounts came to him directly, and that it was easy for him to forge those bank statements over that time. Continue reading "Where's The Regulation? - Part 2" →