Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 25th of February.
In addition to the markets we normally report on, we will also be looking at the following markets using our Trade Triangle technology.
#1 MAJOR CONCERN
My number one concern, much like everyone else here in America, is the sequester on March 1st. This date is rapidly approaching and neither the Democrats nor the Republicans seem ready to compromise on this major challenge. The game of political chicken has been lifted to a whole new level of brinkmanship here the US. I am not sure that is in the best interest of the markets or the country. With the DOW and the NASDAQ indecisive at the moment, investors are losing confidence as they still feel shaky and have strong memories of 2008. Only the S&P remains in a positive mode and this is the one to watch carefully, in my opinion. Should this index breakdown and start moving lower, investors are likely to bolt for the exit doors. Continue reading "Today's Video Newsletter: I have two major concerns today"