Tag: CRB

Yesterday, We Posed The Question....

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Wednesday, the 24th of August.

Yesterday we posed the questions: Has the Gold and Silver market topped out? And have we seen the bottom in the Equity markets?

Today, Gold and Silver confirmed that they have topped out for the time being. The Equity markets are another story, and I'm not quite sure that we have seen a bottom put in place for those markets.

Be sure to catch tomorrow morning's post! Most markets go through seven distinguishable steps and it would appear that Gold has met all those criteria. This post will be invaluable, in my opinion, for any serious trader. I think you'll find it very timely and interesting. You should make yourself aware of these seven steps so you can recognize them in the future.

Now, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "Yesterday, We Posed The Question...." →

Has The Gold and Silver Market Topped out?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Tuesday, the 23rd of August.

Has the Gold and Silver market topped out? Have we seen the bottom in the equity markets?

I'm sure these are questions traders are asking themselves as we are halfway through the trading day.

It would appear that the downward momentum in the equity markets has abated for the moment and we should expect to see more of a two-way market. However that does not change the overall bearish longer-term trend.

The Gold market traded over the $1,900 level, before dropping dramatically and creating what could potentially be a negative engulfing line for the Gold and Silver markets. If this is confirmed on Wednesday, it would mean that gold prices have topped out for the short term and the $2000 level for Gold will have to be put on hold for the time being.

The Crude Oil market continues to be in a negative trend, and the Dollar Index and the CRB index are generally in a sideways mode.

Now, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "Has The Gold and Silver Market Topped out?" →

Forget The News If You Want To Trade Successfully!

Posted on by The INO.com Team

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Monday the 22th of August.

Forget the news, if you want to trade successfully.

Many news stories, particularly when it comes to the markets, are basically fed to reporters by folks who have a vested interest in that particular market. I've seen this happen time and time again, when information is given to an online anchor or someone else who is on air and reading the latest news. The information that they report, may be not accurate. In the competitive rush to get news online, and be the 1st to break a story, very few stories are ever checked and triple checked.

So we wake up this morning with the potential conflict in Libya over, and Libya's Colonel Qaddafi's 42-year reign of insanity has maybe come to an end. Based on that news, the Dow rallies up over 200 points. Let's see, that little conflict cost the US about 1 trillion dollars, money we don't have. How could that be good for the market? Now we are tying the news in Libya to the markets here and the terrible economic conditions that exist - it is a stretch by anyone's imagination. The truth is, that the markets probably rallied based on a short covering. Many active traders went home with short positions over the weekend. When the markets did not follow through to the downside they quickly covered their short positions and pushed the market higher.

So here's my advice, do not pay too much attention to the news. Let the market, and the price action give you all the direction you need. Market action is the # 1 item to watch to be a successful trader.

Now, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "Forget The News If You Want To Trade Successfully!" →

Weekend Update...The Tail That Wags The Dog

Posted on by The INO.com Team

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 8/19/11.

The tail that wags the dog

Once again, the problems with sovereign debt in Europe  spilled over into the global equity markets,  and in particular the bank stocks. Europe is "the tail that wags the dog", and in this case,  it's the world.

Video update here.

For the 4th straight week, US equities closed lower and under heavy selling pressure.  Gold on the other hand soared to new highs, on fears that the sovereign debt crisis is escalating and getting totally out of hand. (It's already out of hand).

With world equities coming under pressure crude oil was not immune to the potential of less demand for this commodity. With that in mind crude oil slipped 3.6% for the week.

So there you have it, the trends continue,  and these trends are likely to continue in the near future.

Now,  let's go to the weekly charts and see what happened last week in the major markets according to our Trade Triangle technology. Continue reading "Weekend Update...The Tail That Wags The Dog" →

They Slide Faster Than They Glide

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Friday, the 19th of August.

"They slide faster than they glide"

I learned that rule more than 30 years ago when I was trading in the pits as a member of the CME.  Translated it means, markets go down faster than they go up.  We only have to look at the last two or three weeks to see how true that saying is.

It's Friday!  It's the end of the week and investors are shell shocked and for the most part very nervous.  A weekly close today in the S&P500 below 1,178.81 reinforces the bearish outlook for equities in general.

In contrast, gold is up over $100 for the week and looks like it is getting pulled closer and closer to the magical $2,000 level.  If the chaos in Europe continues, gold will continue to benefit.

The trend in crude oil continues to be on a negative track and is down about $3 for the week, at the time of this writing.

Enough analysis, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "They Slide Faster Than They Glide" →