Tag: dollar

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Thursday, the 4th of August.

Happy Birthday, Mr. President.

Well, we are a couple of percentage points lower today in the equity markets and unfortunately your administration points the finger at the tsunami in Japan and other external issues that are stifling the economy. It is always someone else's fault and not your administration.

It doesn't matter if you are a Republican or a Democrat, this is YOUR economy and YOUR administration has to accept responsibility for it. You have spent trillions of tax payer's money on unneeded and unwanted legislation, and it is never going to help the country or create jobs.

You came into office on "Hope and Change"... America got neither.

Do you really want to help the country and ensure your reelection? I think you should turn over the billion dollars you are amassing for your reelection campaign to the treasury. I would see that as a very positive gesture and it would likely get you reelected.

You were recommended to lower the corporate tax rate from 34% down to about 27%, earlier in you administration. What happened to that idea? That would mean that millions of small companies could hire more people, plan more and do more. The program was rapidly shelved because it didn't help everybody. Mr. President corporations employ people. Corporations pay taxes. Corporations and the lack of government regulations and interference are what made America run and be a great country.

I think you're probably a very smart man and you should recognize it's time to change course on this spend, spend, spend attitude. You wouldn't do it with your own checkbook, but it seems to be okay to borrow more money and spend more money for the country under the guise that it's all going to work out.

Mr. President, it is not working out.

It's about 16 months before the election and one promise I will make… If there are no radical changes in your policies, with unemployment at 9.2% officially and unofficially closer to 16%, then your chances of getting reelected are going to be ZERO.

P.S. Please don't come on TV again to tell us your latest plan as it will probably send the markets further into a tailspin.

P.P.S. Where's Hillary?

Continue reading "Are External Issues Stifling The Economy?" →

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Wednesday, the 3rd of August.

As you have heard me say many times before... They slide faster than they glide! This is true in the futures markets, the metals, currency and of course, the equity markets. Yesterday we saw the S&P 500 close dramatically below its 200 day moving average. We also had a sell signal on our Monthly Trade Triangle indicator. Today we saw the S&P 500 index break below the recent lows seen in March of this year. The S&P is now lower for the year and looks like it wants to go lower.

Metals on the other hand rose dramatically as everyone jumped at the same market at the same time. Gold traded to new highs, with silver lagging behind. These are volatile times in the markets and perhaps we've seen the thrust of the first wave today.

With the apparent slowdown in the economy reflected by the equity markets, the CRB index and crude oil were pushed to the downside.

We have some very exciting markets right now. These are the type of markets you can both lose and make a lot of money in. Once again we are relying on our proven Trade Triangle Technology which always catches the big moves.

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

Continue reading "They Slide Faster Than They Glide!" →

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?" →