It's Friday... Are you in or out?

It's Friday* and a day when many traders are considering how to deal with their positions over the weekend. How comfortable or uncomfortable are you going home with a position? There are some strategies hinged on this notion, one of which we discussed in a very popular earlier video which you can click here to watch.

During the week you continually have rumors, reports, and market action as well as a host of other things that affect the market. I consider the close on Friday to be the most important close of the week. It provides invaluable insight into what is going on in the markets as well as an easy way to analyze the market.

This is what I do, I write down the previous Friday's close in the markets that I am interested in. For illustration purposes today I'm just going to include five markets. They are: S&P 500, Dow, NASDAQ, gold and crude oil.

Last week the closing numbers on Friday, June 4th were as follows: Continue reading "It's Friday... Are you in or out?"

We are back in the gold market

After exiting all long positions at 1217.72 on 5/18, we reinstated long gold positions seven days later on 5/25 at 1196.57.

As many of you know who watch my videos, we use our weekly "Trade Triangles" for trend direction and our daily "Trade Triangles" for timing entry and exit points. It was those daily "Trade Triangles" that flashed a buy signal on 5/25.

Given the chaotic state of the world and all the cross currents that are running in the banking system, we would not be surprised to see gold once again climb up and challenge the $1,250 level. All of our "Trade Triangles" are green and 100% to the upside. This indicates that a strong trend is once again in place for the gold market. Continue reading "We are back in the gold market"

Where to place your stops in gold

Gold is the most popular market that we cover, and whenever we write about it, or produce a video featuring this precious metal, unsurprisingly, it also tends to generate the most passion of any market that we cover. With gold making new highs recently, I thought it would be timely to put together a video showing you where we are placing our short-term stops. The video is about 90 seconds long and shows you in a very visual way, what we're looking at in this market.

The video is available for viewing now and there is no charge or registration requirement.

If you'd like to comment on this video, please visit our blog and make your views known.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

How to take money and emotion out of the gold market

Perhaps no other market in the world elicits such emotion and passion than the world's gold market. One only has to mention gold, and theories just come out of the woodwork in regards to conspiracy, market manipulation, and a host of other less than savory subjects.

So what's a trader to do?

Continue reading "How to take money and emotion out of the gold market"