Tag: dollar

Here's your daily update direct from Starbucks, thanks to Irene

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 29th of August.

It is hard to believe, but I am actually sitting in a Starbucks coffee shop writing this report. Irene certainly did her damage on the East Coast, and we like millions of other folks are without power today.  It would appear that we were lucky with the hurricane, as many other folks were affected much more than us.

We are running on generator power at our headquarters in Maryland, however many of our staff on working from home today because of Irene.
Watch this weekends video here.
So let's look at the markets, and see what's going on.  The equity markets are now approaching the highs that they put in about a week ago and are quickly reaching an overbought condition. Continue reading "Here's your daily update direct from Starbucks, thanks to Irene" →

Weekend Update for 8/26 - Don't Worry Warren Buffett will lend you money at 11%

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 8/26/11.

The major spin last week was the fact that Warren Buffett lent Bank of America $5 billion. But Warren is no fool,  who wouldn't want to get 11% on their investment guaranteed. Well, that's pretty much what Warren got with Bank of America.

So what does that tell us, (1) that Warren is a very shrewd and hard nosed investor, and (2) Bank of America is in serious trouble, and is willing to pay that kind of interest for new funds. Just think about it, you only get 2% on a 10 year treasury.

It remains to be seen whether or not Bank of America is a good stock.  Right now our Trade Triangle technology still indicates that the trend is down and has been for quite some time. If you are a member of MarketClub you can clearly see this on the charts where our Trade Triangles indicate exits or short sales. Sorry Warren, as we do not yet have 5 billion dollars to invest, we are sticking with our tried and true Trade Triangle approach to the markets

So let's look at the markets and see what happened last week: Continue reading "Weekend Update for 8/26 - Don't Worry Warren Buffett will lend you money at 11%" →

It Has Been Quite A Week

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 26th of August.

It has been quite a week here in the Northeast, where MarketClub and INO.com are located.  We had an earthquake on Tuesday measuring 5.8, which by our standards is huge!  And if that were not enough, we are batting down the hatches as it looks like we are going to get slammed by hurricane Irene.

It makes the volatility in the markets look like a cake walk.

Let's see how the markets are playing out and go to the 6 major markets we track every day. Continue reading "It Has Been Quite A Week" →

Earthquake, Hurricane, and Warren Buffett

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 25th of August.

Boy what a week we are having!

First, Mother Nature sends an earthquake AND hurricane Irene to the east coast, then we get news that Warren Buffet is buying 5 billion dollars worth of Bank of America stock. The only thing that seems to be holding true is that the trend has remained our friend here at MarketClub!

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 "Earthquake, Hurricane, and Warren Buffett" →

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...." →