Tag: fibonacci resistance

Daily Video Update: Thin AIR - are stocks going to need an oxygen mask to keep going?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 7th of August.

Despite all the problems in Europe, the US stock market seems to be going it alone, at least for the moment. Readers of this blog know that we have not been excited about the broad US equity markets, as our long-term indicator continues to remain in a negative mode. On the other hand, individual stocks are a different matter, as they can rally for technical and fundamental reasons.

Members only have to look at the Trade Triangles to see which stocks are trending higher and which stocks are headed for the basement. The S&P 500 is based on 500 individual stocks, and our Trade Triangle technology remains negative on that index. Eventually this impasse will be resolved one way or another and a strong trend, either on the upside or the downside, will ensue. Only time will resolve deadlock for this market. Till then, we remain stuck in a broad trading range.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Daily Video Update: Did you know about the Himalayan Happiness Index?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 6th of August.

Now we have chairman Ben Bernanke, the same "Helicopter Ben", quoting the Himalayan Happiness Index. Is it just me, or does this sound crazy to anyone else?

If that was not enough, Italian Prime Minister Monti in an article published in Der Spiegel magazine says the Eurozone is facing "psychological dissolution". What the heck does that mean?

I have to give Monti and Bernanke credit, that is the first time I've heard a Fed Chairman citing the Himalayan kingdom of Bhutan Gross National Happiness Index and a politician using the phrase "psychological dissolution" in a sentence or anywhere else for that matter.

No matter what they say, the second half of the year should provide a silver lining for traders everywhere.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video

Daily Video Update: Positive jobs number boost the market today

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Friday, the 3rd of August.

The market is off to the races today on a surprisingly strong July jobs report. Will it last?

The Labor Department's monthly jobs report gave investors assurance that the U.S. economy may be doing better all on its own. U.S. employers added 163,000 jobs last month, a sharp turnaround following months of sluggish hiring.

Oil prices have also made a jump on the jobs news today.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video

Daily Video Update: Nothing but talk from Mario Draghi tanks the markets!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 2nd of August.

As we mentioned on the MarketClub TV show yesterday, no word from the ECB or Mario Draghi spells doom and gloom for the markets. Talk is cheap and the market wants to see concrete action, not talk.

Remember Italy, Spain, Greece, and others owe a boat load of money. We do not believe there is any plan in action and politicians are just thinking of more and more ways to kick the can down the road.

We expect the market to be on the defensive for the balance of the week.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video

Daily Update: FED showdown at 2:15 today and it looks like Knight Capital pushed the wrong button!

Posted on by The INO.com Team

Tune in tonight for the video presentation on MarketClub TV.

Hello MarketClub members everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 1st of August.

Happy first of August. We start off the new month with a potential game changer and a potential bang from the Fed today at 2:15. By the time you're reading this report, news will probably be out. I am not sure much is going to happen as the markets are fairly high considering what's going on in the rest of the world.

Pandemonium hit the floor the New York Stock Exchange first thing this morning as it would appear as though volume just jumped off the charts. For example, Molycorp was shown trading more than 5.7 million shares in the first 45 minutes of trading. That stock usually averages about 2.6 million shares daily. Did someone press the wrong button at Knight Capital? Continue reading "Daily Update: FED showdown at 2:15 today and it looks like Knight Capital pushed the wrong button!" →