Tag: Crude Oil

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Tuesday, the 2nd of August.

A lower close in the S&P 500 today would mark the 7th day in a row that this index has closed lower. This would be very unusual and probably set the market up for a rally or a dead cat bounce in the next day or two. This market is now trading well below its 200 day moving average. However, the same cannot be said for the Dow Jones index which is just above its 200 day moving average.

Gold moved to new highs today, and it is in an area that we feel is an intermediate target zone between $1,640 and $1,650. We would recommend taking partial profits on long positions, but not getting out of all positions.

Crude oil and the CRB index continue to move back and forth without any real direction at this time.

Now, let's go to the markets and see how we can protect and grow your money in 2011.
Continue reading "Will The S&P 500 Close Lower For The 7th Day In A Row?" →

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

As we start off this first day of August and first trading day of the week the cat is out of the bag, and the market doesn't like what it sees.  The S&P 500 is now trading below its 200 day moving average as of this writing, which indicates further weakness ahead.

The equity markets started out strong, as did crude oil and the dollar.  All that has changed now when the manufacturing sector came out and said that things were slowing down quite dramatically. In fact new orders grew at their slowest pace in 2 years in July, with new orders contracting, it represents a troubling development for the economy and the stock market.

Viewers of this report will note that we have been very cautious on the stock market as we felt it was rolling over to the downside based on technical analysis.  A close today below the 200 day moving average which comes in at 1285 will be viewed as a negative for the S&P 500.

At this point, the greatest fear is a potential downgrade by one of the rating agencies.  Should that happen, more pressure will be put on this market.  Many investors have become complacent and this is a real danger in my view.  I think there's a major opportunity to make money in this market as I see the S&P 500 slipping to the 1265 level before any kind of bounce.

Now, let's go to the markets and see how we can protect and grow your money in 2011.

Continue reading "What Will August Bring?" →

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Friday, the 29th of July.

Just four more days to the debt deadline.  I'm guessing that it is an artificial deadline made up for political reasons.  I am positive that this is just an arbitrary date that some policy wonk came up with to get everyone up in arms about doing something with the debt.

I believe Warren Buffett had the best idea on how to end our debt problems.  Here is what Warren had to say:

"I could end the deficit in five minutes.  You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election."

Way to go Warren!!!

Well, we have made it to the last day of the trading week and the last day of the trading month.  The equity markets are, as of this writing, sharply lower for the week and also the month.  Gold and Silver on the other hand, are sharply higher for the week and the month.

As we have been indicating, we felt the equity markets were rolling over to the downside.  Technically we are getting closer to pulling the trigger on our major monthly Trade Triangle which sets the trend for the equity markets.

Now let's take a look at what the markets are telling us and the direction they're taking on this last trading day of the month.

Continue reading "Just Four More Days To The Debt Deadline" →