Tag: CRB

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 14th of November.
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Italy and Greece pass the baton to the technocrats, but does it really matter at this point?

As we start this trading week, we've seen a change in the governments of both Greece and Italy, as the rule of the technocrats is now upon us. They can make the hard decisions that politicians can't seem to, but it is a bitter pill for the citizens of those countries to swallow. The bigger problem, and one that is complex and not easy to solve, will be social unrest.

No matter how things are sliced and diced in Europe, there is still a mega amount of money owed to banks that needs to be reconciled. The way the markets are opening today, it would appear as though no one is easy with the current changes. It may just be a case of "buy the rumor and sell the news." Continue reading "Italy and Greece Pass the Baton" →

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 P.M. market update for  Friday the 11th of November, Veteran's Day.
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IS PERSONAL MARKETCLUB COACHING RIGHT FOR YOU?
Free consultation. 877–219–1482
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CAN THREE BIG CHANGES IN EUROPE, SOLVE THE SOVEREIGN DEBT PROBLEM?

Greece's swearing-in of new Prime Minister Lucas Papademos is one change. The second change is a new president of the European Central Bank, Mario Draghi. The third change, and this is a big one, and has not taken place yet, is when and if Silvio Berlusconi resigns from office. Mario Monti, is apparently the front-runner for the job. Not a big deal for Italy to change governments as they have had over 60 new ones since 1948.

With all the changes taking place in Europe, it isn't going to change the overall dire financial picture overnight. Changing governments is one thing, that easy, getting the citizens of that country to accept draconian austerity measures is a totally different can of worms. Continue reading "Can Three Big Changes In Europe, Solve the Sovereign Debt Problem?" →

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 10th of November.
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IS PERSONAL MARKETCLUB COACHING RIGHT FOR YOU?
Free consultation. 877–219–1482
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Don't Underestimate Yesterday's Market Action

Yesterday's action in the equity markets is a grim reminder of just how fragile the economic and financial system is globally. We would not dismiss the market action as just another pullback in the market.

The sharp down move should not be ignored, in my opinion. We are looking at a key support level on the S&P 500 at $1220. A close below that level will accelerate the decline to the next key level of support, which is $1180. That move may have to wait until Friday as traders jockey for positions today.

For the year, the S&P at the moment is down, the NASDAQ is flat, and the DOW is barely higher with gain of 3%.

The copper market gave a pretty strong negative signal yesterday, as it moved below the $3.50 level. The copper market is telling us that demand is just not there for this industrial metal. Continue reading "Don't Underestimate Yesterday's Market Action" →

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 9th of November.
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Don't miss MarketClub TV tonight at 5 P.M. EST!
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MAMMA MIA! A Global Smash - As Italian Yields Skyrocket!

Italian bonds skyrocket as the Euro crashes. Today, we received a major sell signal on the Euro against the dollar. Today was a game changer, as we now have all our Trade Triangles in a sell mode versus the Euro. Next stop for the Euro is 1.3000 in the short term.

As discussed for quite some time, nothing has changed in Europe besides a lot of posturing and delay tactics. The bottom line is, Europe is in serious trouble and the man who got us into this mess, Jean-Claude Trichet, has retired and has hopefully left the world stage.

With soaring yields on Italian bonds, the euro crashing, it is only a matter of time before we see other fractures in the global financial system coming into focus.

For some time now, the gold market has been telling us to be very concerned about what is happening in Europe. Greece was just the first act, Italy is the main event. The final act will come next year in this three part tragedy.

One last thing... Don't bet on Berlusconi resigning. He didn't get to be an Italian billionaire by playing by the rules.

Now, let's go to the charts and the video and see how we can create and maintain your wealth in 2011. Continue reading "MAMMA MIA! A Global Smash - As Italian Yields Skyrocket!" →

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 8th of November.
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Tomorrow night at 5 PM EST we will be broadcasting our one hour MarketClub TV show. We will be taking your questions and calls, so be sure to watch!

Call in, or e-mail your questions for the show.
410 867-2100 x 129 -

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It's different this time...

There are so many negative reports about what's going on in the world, but the market seems to shrug it off like everything is hunky-dory.

I'm not so sure yet, as many of our longer-term indicators continue to resonate in a negative manner. That is not to say they can't or won't change eventually, but rather they serve as a reminder that we are not out of the woods yet. Continue reading "It's Different This Time..." →