Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Friday, the 10th of January.
The market action yesterday was really a welcome to the real world, as more and more traders returned from their vacations. Yesterday saw many weekly Trade Triangles turn red, indicating that certain markets may be slowing down and moving into a transition period.
Both the S&P 500 and the NASDAQ displayed weekly red Trade Triangles, indicating for intermediate term traders that a sidelines position in both of these indices was warranted. This is not to say that the move to the upside is over, it is just an indication that for now the upward momentum has been blunted and the safest place to be is on the sidelines.
We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of March Coffee (NYBOT:KC.H14.E).
With futures you use the weekly MarketClub Trade Triangles to tell trend and the daily MarketClub Trade Triangles for timing the entry and exits to the trade.
Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Monday, the 23rd of December.
Apple Lands A Big One
Yesterday, China Mobile announced that it had finalized a deal with Apple (NASDAQ:AAPL). This deal has been 6 years in the making and earlier in the month it was rumored not to be doable which made the stock of Apple fall. So just how big is the market for Apple with China Mobile?
To put the Apple China Mobile deal in perspective, the number of subscribers that China Mobile has is twice the population of the US. I think that gives us an idea of just how big the potential market is for the Apple iPhone in China.
Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Wednesday, the 18th of December.
7 Days To Christmas
With just seven days to go before Christmas, I expect the trading volume in the markets to begin to taper to a trickle, as more and more traders disengage themselves for the year-end holiday season. I will be looking at all the major markets today and giving you my latest thoughts on current trends.