Tag: Crude Oil

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" →

The Trend is Your Friend

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 Thursday, the 18th of August.

The Trend is Your Friend - How true those word are today!

We have been on the right side of the markets for quite some time now.  It is in times like these when technical analysis really shines.  It doesn't matter if you have a strong upward trend in gold or a downward spiraling trend in stocks, technical analysis works.

In case you missed last night's MarketClubTV show, please check it out HERE and see what we were saying about bank stocks and the market as a whole.

We feel we have a target rich area for trading opportunities right now.  Some of the best money can be made during periods just like this.  A key to being successful in markets that are having large moves is to be disciplined and follow MarketClub's Trade Triangles.

So 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 "The Trend is Your Friend" →

So Here We Are....In The Middle

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 17th of August.

So here we are... We're in the middle of the month, it's the middle of the week, and the markets are stuck in the middle.  Stocks rallied early today, but they look like they are failing now.

Gold rallied again to test the $1,800 an ounce level.  It has now fallen back and looks to be on the defensive.  Crude oil has also rallied and is now faltering from a key resistance area.  Once again bank stocks look to be on the defensive.  I'll also share a chart pattern in the bank stocks with you that does not look good.

So 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 "So Here We Are....In The Middle" →

Obama's Magical Mystery Tour

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 16th of August.

Obama's Magical Mystery Tour

Like a lot of folks, I enjoy the music of the Beatles.  While watching the news this morning, it struck me that President Obama's bus tour was not unlike the Beatles "Magical Mystery Tour" album of 1967.

Let me explain... Here we have a President who is so out of touch with what this country is going through, he finds it necessary to go out on a three day bus tour at tax payers expense and announce that he has a job plan.  But wait, this is the magical part: he's not going to announce this plan until after his vacation!  And the mystery part: if he has a plan, why didn't he announce it!  Did America really need to hear him announce that he has a plan, then not announce what the plan is?  I think not.  If you are unemployed, I'm sure the last thing you want to hear is that your president, the leader of these United States, has a job plan but his vacation is far more important than every day American jobs.  Talk about self centered.  There I said it, the king has no clothes.

By the way, one of my favorite track from the Beatles "Magical Mystery Tour" album is, wait for it, "The Fool on the Hill" written by Paul McCartney, sort of fits the times don't you think?

So 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 "Obama's Magical Mystery Tour" →