Tag: Crude Oil

For the First Time Since 2002....

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 19th of October.
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First time since 2002, and the last time since 1987.

For the first time since 2002, Apple missed its projected earnings. This came as a shock to many traders, as Apple has notoriously underplayed its estimates for earnings. So what does this all mean? Is the Android platform going to marginalize Apple, just like the Windows platform did to Apple in the 80s and 90s? That may be too complicated to answer for this blogger, but as always we will rely on Trade Triangle technology to get it right for us.

Many traders who were trading in 1987 can still remember the days between October 14th and October 19th, when major indices in the United States dropped 30 percent or more. Let's hope we don't see a replay of that today.

The major indices lack any real direction for the moment. However, there are a number of markets that look good to us. Tune in to MarketClub TV tonight at 5pm EDT and we will be uncovering some of these markets that have clear-cut trends both on the upside and the downside.

The problems in Greece continue to escalate with more violent behavior. We predict the protests in Greece are going to get a lot worse before they get better. The question now is, when will the "Occupy Wall Street" crowd turn to violence?

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 "For the First Time Since 2002...." →

Is the Market A Buy or Short Sale?

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 18th of October.
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Is the market a buy or short sale?

That's the question that is going through many trader's minds this week. Should I buy this market, or should I go short this market? At the moment, this market is being driven by perception and sentiment. Eventually that will change and the market will become driven by the direction of the major trend.

Our major trend indicators remain negative on the equity markets. We are also looking at the S&P 500 at the top of the Donchian trading channel. I believe that was the reason for yesterday's sharp move down.

In order for this market to really get going on the upside it needs to clear the highs of 1230 on the S&P 500 in a convincing fashion.

There is so much confusion in the marketplace right now... Interest rates, mortgage foreclosures, contagion in Europe and the occupation of Wall Street. The markets always have numerous conflicting thoughts, but eventually the market figures it out and goes the way it wants to go. Our job here at MarketClub is to recognize those changes and alert you to what we are witnessing.

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 "Is the Market A Buy or Short Sale?" →

Was Last Week's Market Rally a Head Fake?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 17th of October.
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Was last week's market rally a head fake?

Last week, the equity markets rallied along with many other markets. We felt at the time this was a counter trend rally and with today's action we have probably put in an interim top. We also expressed the feeling that professional traders would be selling against the recent highs around 1220 to 1230 basis the S&P 500 index.

The rally was pretty unusual in the fact that it was on very light volume and it took off to the upside very quickly without any kind of market consolidation.

This is going to be a big week! Are we going to continue going up? Or are we going to see the longer term downtrend kick in? A downside reversal could be quite dramatic. This also holds true for the crude oil market, which has been mirroring the US equity markets.

The problems in Europe remain and we see little reason to celebrate any victories on that front. Greece will eventually default, and it remains to be seen if Ireland, Spain and Italy will dodge a bullet.

Every week it seems we go from "the world is coming to an end" to euphoria. Eventually the markets will sort out this conundrum. Our view longer-term remains with our Trade Triangle technology which remains negative on the equity markets indicating long-term weakness.

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 "Was Last Week's Market Rally a Head Fake?" →

This is going to be a BIG WEEK...Weekend Video Update

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 10/14/11.

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The occupation of Wall Street continues, this rag tag movement has grown to include other cities and has now spread itself around the world. However, this unforeseen danger was not enough to dampen the spirits of Wall Street, as the equity markets put in one of their best weekly performances for the year.

So how can we best characterized last week's trading. What stands out in my mind, it was one of the lowest volume weeks in the equity markets for the year. Having said that we saw the DOW move up 4.87%, the NASDAQ jump 7.58% and finally the S&P 500 gained 5.98%.

The clear leader was the NASDAQ which was led by big gains in the stock of Apple (AAPL) and Google (GOOG).

The metal markets also moved higher with gold up a positive 2.61%, and silver scratching out a modest gain of 1.03% for the week.

Last week the dollar took it on the chin, dropping 2.72%. The move reflected thoughts that Europe was finally getting its act together. Europe continues to be a big question mark in my mind. It remains to be seen, if this is just the opening act, or the final act.

Crude oil prices jumped 4.85%, which in turn pulled the Reuters/Jefferies CRB Commodity Index into positive territory with an impressive gain of 4.41% for the week.

The big news for this week at least on Monday, will be the earnings announcement from Citi (C)and Wells Fargo & Co (WFC). This could really set the trend for the financial markets for the rest of the week. Bank of America  (BAC) and Goldman Sachs (GS) report on Tuesday and Morgan Stanley (MS) is expected to give its quarterly report on Wednesday.

It's going to be an interesting week. Oh, and let's not forget that Apple (AAPL) reports quarterly earnings after the close on Tuesday.

So stay tuned.

Now let's go to the 6 major markets we track and update every trading day and see how we can create and maintain your wealth in 2011.

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S&P500 INDEX
Change for the week: + 5.98%
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 70
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Suggested Trading Instruments for this INDEX
Non Leveraged ETF's: (Long SPY) (Short SH)
2 x Leveraged ETF's: (Long SSO)(Short SDS)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.

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SILVER (SPOT)
Change for the week: + 1.03%
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trend = Negative
Daily Trade Triangles for Short-Term Trends = Negative
Combined Strength of Trend Score = - 100
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Suggested Trading Instruments for SILVER
Non Leveraged ETF's: (Long SLV) (Short the ETF SLV)
Leveraged ETF's: (Long AQG) (Short ZSL)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.

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GOLD (SPOT)
Change for the week: + 2.61%
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Monthly Trade Triangles for Long-Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 65
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Suggested Trading Instruments for GOLD
Non Leveraged ETF's: (Long GLD) (Short the ETF GLD)
Leveraged ETF's:(Long UGL) (Short GLL)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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CRUDE OIL (December)
Change for the week: + 5.06%
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 55
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Suggested Trading Instruments for CRUDE OIL
Non Leveraged ETF's: (Long USO) (Short the ETF USO)
Leveraged ETF's: (Long UCO) (Short DTO)
Futures: Call your broker
Options: Call your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.

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US DOLLAR INDEX (SPOT)
Change for the week: - 2.72%
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Monthly Trade Triangles for Long-Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 100
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Suggested Trading Instruments for the US DOLLAR INDEX
Non Leveraged ETF's: (Long UUP) (Short UDN)
Non Available Leveraged ETF's: (Long -) (Short -)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.

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REUTERS/JEFFRIES CRB COMMODITY INDEX (SPOT)
Change for the week: + 4.41%
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 55
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Suggested Trading Instruments for the REUTER/JEFFRIES CRB COMMODITY INDEX
Non Leveraged ETF's: (Long CRBQ) (Short the ETF CRBQ)
Leveraged ETF's: (Long UCO) (Short CMD)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.

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MARKETCLUB ONE-ON-ONE PERSONAL COACHING

This weekend, I would like you to ask yourself this question, IS PERSONAL COACHING RIGHT FOR ME?

Give us a call at 877–219–1482 for a free consultation and find out if personal coaching is right for you.
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This is  Adam Hewison for MarketClub.

See you Monday,  have a great weekend.

 

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Is This Rally For Real?

Posted on by The INO.com Team

Due to Technical issues with the video we will be updating this post with the video later this afternoon. You can still read Adam's thoughts on the markets below.

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 14th of October.
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Is this rally for real?

What is behind this market's rally?  The market has been going higher on light volume and admittedly to an area that has presented problems for the S&P 500 in the past - the 1220 area.

It is an important policy to respect market action, as we believe that trumps everything in the long run.  The market is at some very crucial levels.   Looking back at the past two months, you can see we have just been in a very broad trading range.  I believe that professional traders will be shorting the S&P 500 against the highs that were seen just recently.  The risk is maybe 10 or 15 points and the downside is maybe 200 points.  So the risk-reward ratio is really quite attractive from a trading standpoint.

There are "two flies in the ointment" we see right now.   First, the S&P 500 is heavily overbought on the Williams% R indicator and at resistance.  Secondly, our monthly Trade Triangle continues to be negative for this market.  I believe that this combination will begin to put this market on the defensive, perhaps even later today and next week.

It has been an interesting week and it would appear that all of the markets we track are closing against the major trends.  This is not to say the markets have reversed course, rather we are seeing a counter trend rally against the bigger trends.

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 "Is This Rally For Real?" →