Tag: DX

Record-High Prices For Gold!

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1pm market update for Wednesday, the 13th of July.

The big news today has got to be record-high prices for gold.  As you know we've been very positive on this market longer term and we believe that the market was going to make its highs at the end of Q3.  Today's action certainly confirms that this market is moving from a very powerful energy field, which we have explained in many of our previous videos.  Silver followed suit, but has not made an all time high.  Percentage wise today's move in silver is beating out the move in gold.

The rally in the equity markets is not as unexpected, as we thought that we would see a bump up as we described in our previous videos earlier this week. We expect that the current rally in the S&P will run out of steam right around 1333 to 1338.

We also suspect that this market is building the right shoulder of a massive head and shoulders top.  It seems hard to believe that the precious metals and the equity markets are all going up at the same time, but that's what's happening right now.

Now, let's see how we can protect and make your money grow.    Continue reading "Record-High Prices For Gold!" →

WORD OF THE DAY: CONTAGION

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your market update for Tuesday, the 12th of July.

WORD OF THE DAY: CONTAGION - the ready transmission or spread of an idea or emotion from person to person: a contagion of fear.

As we reported yesterday, this market is in a very choppy, emotional state and it is a battle between the Bulls and the Bears. Events outside of the control of the US in Europe and the contagion problems in Italy and Greece are all making this one financial mess.

Another disastrous trade deficit today of over $50.2 billion was not good news for the USA.

The debt ceiling talks continue between the Democrats and the Republicans with no apparent end in sight. Perhaps they should look up the word contagion, and relate it to how things can spiral so quickly out of control and take on a life of its own.

What is happening in Europe could very easily happen here in the US if we don't start addressing this problem. This is a real a crisis and Congress is treating it just like another minor problem we have to
solve. It has major implications for the US and it's standing in the world. Imagine if the dollar lost its reserve currency status! That would be catastrophic for this country and everybody who lives here. It would not be a pretty picture.

Let's go to the markets as they tell the real truth in what's unfolding in the financial world. Continue reading "WORD OF THE DAY: CONTAGION" →

Indexes are high

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 7th of July.

The indexes are all higher for the day and are now close to major resistance basis the S&P 500. Our trade triangle technology has been bullish on the S&P 500 since $1,300 and we are sitting on some nice profits. However I do believe that we are close to a cycle high period and that we could see some profit-taking coming into the index markets next week. The current rally has been on extremely light volume even for summer trading.

Crude oil pushed upwards to the $100 a barrel range today and I think perhaps we are close to seeing this market peter out and take a rest in the short term. Technically, the market is fast approaching the upward level of its Donchian trade channel. I expect that we will see some profit taking coming in around current levels.

Other markets were generally quiet so far today.

Now let's see how we can protect and make your money grow. Click here to watch the video. Continue reading "Indexes are high" →

Crude Oil + Precious Metals = Strong Moves

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 5th of July.

The big story today has to be the moves in both crude oil and precious metals. Both of these markets have made strong upward moves. The crude oil dump of 30 million barrels is history and it underscores just how little influence anyone has over what is arguably the most precious commodity for any industrialized country.

Is it just me or is there a whole lot of smoke and mirrors going on in the political/financial world today. It seems that politicians continue to kick the can down the road when no politician either here in the states or anywhere else for that matter wants to say there is no more money!

Is there a chance that Germany wants out of the euro? I believe there is. I also think that German citizens will ultimately become enraged at having to bail out weaker countries like Greece, Spain, Portugal. France of course has a huge risk as they have the most exposure to Greece. Continue reading "Crude Oil + Precious Metals = Strong Moves" →

Contest Winners…Trillionaires…and the smartest men in the universe!

Posted on by The INO.com Team

Congratulations to our contest winners in their close predictions of the DJI and DX closing positions ending QE2 on June 30th, 2011.

Here is a little bit about our winners:

Andrew G.from PA- Winning guess for the DX: 74.377

We asked Andrew to tell us a little bit about himself and this is what he shared:

“I am a happily married 55 year old. We have two sons, one 24 and the other 22. Both graduated recently from UPenn, My oldest son is a bio-engineer, working at a medical device company, the younger one a Wharton graduate working in the financial field. I consider myself a long time student of the market and primarily, a long term investor. Having said that, over the last few years, I have concentrated my efforts on the charts, and technicals, believing that they play an exponentially larger role in the shorter term direction market. That it why I religiously follow the Market Club. It is one of the best top-grade tools for traders and helps to provide great insight as to where we go from here. It has been a great help with my shorter term trading strategies, as I continue to seek more consistency with both intraday and swing trading.”

Our other winner is:

John Hoffman from FL- Winning guess for the DJI: 12,432.39

Here is what John told us about himself:

“I am semi-retired and up until about two years ago I was helping a friend manage the administrative duties of his hedge fund (now closed). I am currently trading in my own accounts.”

All of us here at MarketClub would like to thank everyone for their participation in this fun-spirited contest…hopefully we can get another one together soon!

Congratulations again John and Andrew, enjoy your new Wi-Fi tablets!

Best,
The MarketClub Team