Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 6th of July.
Here is where the markets stand: As of 11:30 7/06..... Continue reading "Daily Video Update: Another Jobs Disaster Report …but will it translate into a loss of confidence in the stock market?"
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 29th of June.
The devil is in the details and the situation in Europe has yet to be clarified. Let's see what happens when the details come out. At the moment, the markets are reacting positively to this quasi arrangement in Europe, but I believe it's too early to tell even looking at the markets. Continue reading "Daily Video Update: Wow!! I Guess Europe is not quite ready to roll over and play dead."
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 28th of June.
Forget the news, forget the political pundits. Let the market decide what's going to happen. The decision by the Supreme Court today on ObamaCare, was met with a decided negative vote from the market.
The bottom line is and always will be, the market. It tells you what is really going on with the smart money, and what they are doing with their money. Aren't they the ones that you want to follow? Continue reading "Daily Video Update: ObamaCare, the European Summit, the end of the month and Q2, what's there to worry about?"
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 25th of June.
Let's get serious... Spain is the fourth largest economy in Europe and it is asking for a 100+ billion Euros to bailout the banks. That's got me really concerned and I don't believe the politicians have an answer that they can live with and stay in office. All politicians have done for the last 2 1/2 years is kick the can down the road and there's no indication that is going to change anytime soon.
Now look at Greece, a small economy compared to Spain, but here you have the prime minister and his finance minister suddenly ill and not able to attend the 14th summit meeting on the European problems on the 28th. What does that mean? Well, it's a delay tactic and once again kicking the can down the road. No politician wants to face the inevitable. I think there's going to be a lot of pain and some major haircuts involved, it's impossible to avoid that. If you did not see my video this past weekend on the S&P 500, I strongly recommend you watch it and see the conclusions I draw from an amazing recurrent pattern. Continue reading "Daily Video Update: Psst, brother can you spare 100 Billion Euros for Spain?"
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 22nd of June.
Make no mistake about it, Thursday was a disaster for the bulls in the equity markets. Watching crude oil fall below $80 a barrel and seeing gold crashing down, it was difficult to see what was going to keep stocks higher for the day. Yesterday's stock crash was a huge blow to the bullish case for stocks. As you know, our long-term monthly Trade Triangle has stayed negative on the equity markets and remains negative. We are now lower for the week in the S&P 500, the DOW and the NASDAQ. A flat to mediocre close today will be indicative of more pressure on the equity markets next week.
Gold is flat for the year and shows no indication of turning around anytime soon. Crude oil is also down on the year and is not closing well on the weekly charts. Continue reading "Daily Video Update: Thursday was a disaster for the bulls"
You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.
