Tag: Mid-Day Report

Repeat, The Trend Is Your Friend

Posted on by The INO.com Team

Throughout my trading career, two things of have stuck in my mind that I learned a long time ago on the floors of the Chicago Mercantile Exchange. I was trading for my own account and a select few customers in a space that was both hostile and friendly at the same time.

The first was, "the trend is your friend." Trends tend to persist longer than most people expect. Just look at the recent bullish trend in the equity markets that has been going on now for six years. By any mark in history this is an old and tired bull market. Only one time in history did a bull market trend ever extend to seven years. As they say when you climb Mount Everest, we are now in thin air.

"The trend is your friend" is an amazing thing to remember when you are trading because that is where the big money is made.

The next saying I learned as a young trader in the pits of Chicago was, Continue reading "Repeat, The Trend Is Your Friend" →

MarketClub Trumps The Billionaire Hedge Fund Managers Again

Posted on by The INO.com Team

"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime."

I'm sure you have heard that one before, right?

Okay, here at MarketClub I have my own version of that statement, and it goes like this.

"Give a man (or woman) a trade and he's a winner for a day. Teach a man (or woman) to trade with Trade Triangles and he (or she) is set for a lifetime of success."

I know that's a pretty big claim, but here is how I am going to prove it to you:

I have an app on my iPhone called iBillionaire and every once in a while this app shows you how the billionaire hedge fund managers are doing for the year. Most recently on September 13th, I noticed that even the billionaire hedge fund managers were having a hard time with the markets.

Looking at the top 10 billionaire hedge fund managers' performance, only four managed to be on the plus side for the year.

Here are the results of the top 5 billionaire hedge fund managers for 2015 ending on September 13th: Continue reading "MarketClub Trumps The Billionaire Hedge Fund Managers Again" →

It's Friday And Things Could Get Very Ugly

Posted on by The INO.com Team

Yesterday Janet Yellen, the head of the Federal Reserve Board, did exactly what I expected her to do and that was nothing. As I have said many times, the Fed is out of bullets and out of options.

If you have practically zero interest rates, how much lower can you go?

It's the end of the week and things could get very ugly in the market today. Earlier this week I talked about not getting suckered into the fake rally as the major trend in the indices was and still is on the downside. Today may prove that I was right and here's why. Continue reading "It's Friday And Things Could Get Very Ugly" →

Nobody Knows The Data We've Seen

Posted on by The INO.com Team

That could well be the Fed's dilemma as it wrestles with the problems it sees with its data series. It's Wednesday and no one has a clue as to what the Fed is going to do. More importantly, no one knows what the market is going to do in reaction to what the Fed may or may not do.

So as traders, what should we be doing?

The important thing to remember is that you have many days to trade the markets and put on new positions, you don't have to do it today or just before the Fed's big announcement. No one is saying that you have to trade today.

The move yesterday in the markets was somewhat surprising, but did not change the overall direction of the Dow or the S&P 500. In the case of the NASDAQ, yesterday's move did change things in terms of the Trade Triangles. The NASDAQ is officially on the sidelines based the new weekly green Trade Triangle. In regards to the other two major indices, everything remains the same, you should either be short or out of the market on the Dow and the S&P 500. Continue reading "Nobody Knows The Data We've Seen" →

Sorry Guys, I Am Not Drinking The Kool-Aid

Posted on by The INO.com Team

Yesterday, the market was remarkably quiet and lulled everybody into a sense of complacency. Well, I'm sorry I'm not going to drink the Kool-Aid because I still think we are going to see a push to the downside in the markets.

With all of the Trade Triangles in a negative mode and the weekly pattern indicating stocks should finish lower for the week, I see little to get excited about.

Everyone is waiting for Thursday and to see what the Fed is going to do. Even the best minds in the industry are split on what the Fed is likely to do on Thursday. My view is that they are just going to leave everything the way it is. The Fed is like a deer frozen in the headlights of a car and incapable of moving one way or another. What I suspect they will say is that they need more data, which I think is a cop out. Continue reading "Sorry Guys, I Am Not Drinking The Kool-Aid" →