It's A Leap Year So Watch Out!

In Ireland, February 29 is Bachelor's Day - a traditional holiday when women propose to men. Scotland began the tradition in 1288 by passing a law permitting women to propose and if refused, the man had to pay a fine. Only in Europe.

Leap years are also election years, as every politician knows, four years is just enough time for the electorate to forget all their broken promises from last time around. Plus, we all must take a giant leap of faith when you go to the polls.

Okay, back to the markets. It is hard to believe that we are rapidly coming to the end of the second full trading month of 2016. The first two months have been extraordinarily volatile with triple digit swings becoming the norm. As we move into March, I expect to see the markets begin to settle down somewhat.

So what's trending so far in 2016? Continue reading "It's A Leap Year So Watch Out!"

Crude Oil Crashes Through $30 And The Market Follows

This is turning out to be a very expensive week for investors who are still holding long positions in this market. As I warned late last year and all this year, I felt the market was and is going to be volatile and more than likely going lower.

Let's go back several years to the first quarter of 2009 when the equity markets bottomed out and began their six-year climb to the stars.

If you look at the S&P 500, you can see that it made a low on the week of March 2, 2009 at 683.38. Six years later on the week of July 13th it closed at a high of 2126.64. I want to look at the market using the Fibonacci tool and see potentially where this index might be headed on the downside. A classic 38.2% Fibonacci retracement takes this index back to 1,574, (it closed at 1,921.84 yesterday). A 50% retracement would bring the S&P 500 back down to 1405.51 and a 62% retracement would take it all the way back down to 1236.24.

The S&P 500 closed last Friday at 1922.03 Continue reading "Crude Oil Crashes Through $30 And The Market Follows"

Nine Sector Stocks You Won't Want To Miss

Today I'm going to be looking at nine major sectors and finding the strongest stocks in each sector. I will be using the Trade Triangle technology to determine which stock is the strongest in each sector.

Here are the stocks I will be looking at today: Continue reading "Nine Sector Stocks You Won't Want To Miss"

Friday's Winners and Losers

Hello traders everywhere! Adam Hewison here, President of and co-creator of MarketClub, with your video update for Friday, the 13th of December.

Every Friday, I go through the same ritual in the stocks I've been following for the last several months to see how they have performed for the week. Continue reading "Friday's Winners and Losers"

Game On! The Dow Closes Over 16,000

Hello traders everywhere! Adam Hewison here, President of and co-creator of MarketClub, with your video update for Friday, the 22nd of November.

With yesterday's record high close of 16,009.99 in the Dow (INDEX:DJI), it would appear as though the stage is set for further gains in this index. Many of the stocks that make up this index are doing very well, stocks like Intel (NASDAQ:INTC), American Express (NYSE:AXP), Bank of America (NYSE:BAC), Walt Disney (NYSE:DIS), Home Depot (NYSE:HD), JP Morgan (NYSE:JPM) and so on. Only one stock in the Dow 30 Index appears to be in a full negative trend according to the Trade Triangles and that stock is Cisco (NASDAQ:CSCO).

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Continue reading "Game On! The Dow Closes Over 16,000"