Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your market update for Friday, the 23rd of September.
I believe it has begun... A total loss of confidence in the markets and zero political leadership in the world.
So what's ahead?
For traders who are not in the loop, it's going to be rough ride! For traders who are informed, it's going to be a bonanza! We plan to make the most of it using both our experience and our market proven Trade Triangles.
It is impossible for any politicians to escape the reality of what we shared with you yesterday. The economic cycles that Kondratieff discovered and later wrote about, are the irrefutable laws of economic expansion (good times) and economic contraction (hard times) of a capitalistic economy. I don't have to remind you which part of the Kondratieff cycle we are in now.
Yesterday, markets around the world voted and the vote reflected a huge sign of no confidence for the global equity markets.
Are we all connected? The answer is yes, now more than ever.
Billy Joel sang in his 1982 hit Goodnight Saigon "… and we will all go down together". It looks to me like that's what is happening now in all the markets.
Key level to watch in the SP500 index today 1123.53. A close below that level should be a signal for aggressive traders to short this market for the weekend.
Now let's go to the 6 major markets we track and update every trading day and see how we can create and maintain your wealth in 2011. Continue reading "So What's Ahead?"