Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the week ending on 6/17/11.
The big news last week was the fall in crude oil which dropped 6.5%. This fall was reflected in a 3.56% drop in the CRB Index. The equity markets snapped there losing streak with a close that was barely higher for the week. This coming week should be very interesting and one that all traders should watch closely.
The problems with debt, Greece, and a host of other global challenges have not gone away and cannot be glossed over economically or politically. Any of these problems are potential economic time bombs that could blow up at anytime.
Here's last week's changes for the major markets….
SP 500 +.04% Silver -.90% Gold +.48% Oil -6.5% $ Index +.22% CRB Index -3.56%
Watch the weekend update now. If you haven't watched our 1 PM updates, I recommend you take a look on this blog at some of our earlier postings.
As always, we rely on our market proven Trade Triangle technology for catching the big moves.
Every Success,
Adam
Adam Hewison
Co-founder of MarketClub
sir,
contact me about trading oil future contract. thank you
all about sovereign debt
I need your help . My system crashed and I lost all my favorites I had stored. One of the most important ones was your website for customizing stock portfolio tracking. Would you please send me your website where I can search for stocks by their symbol and add them to my stock picks to tract.
Thanks,
James King
Hi James,
Sorry to here you are having technical difficulties! I think you are referring to our Trend Analysis tool...http://quotes.ino.com/analysis/trend
Let me know if you were referring to something else...
Jennifer
HI There,
I'm a member and while I enjoy the service -- I have a question. Will I always have to 'sign in' in order to access the Weekend Update?? Am I missing a simple 'link' in which I could just click on ??
I look forward to your feedback. Thanks...
John...
Hi John,
If you are already a member, the videos automatically update to your MarketClub home page. You will see it on the right hand side of your screen.
Cheers,
Jennifer
Im not a day trader but I do refer to the few stocks I can track on your INO site. I think your club is geared to day traders.
Paul
Adam, Firefox whisked my last comment away before I was finished, I hope it made sense...
Adam, Time Bomb is the right metaphor, I would extend and say Global Time Bomb. In fact I would borrow from Yogi Berra: It's deja vu all over again!
Even Aussie Banks will get whacked if this happens again, though we have little exposure to EU banks. When one bank is in the glue, they all are!
If credit between banks freeze up due to cost to insure credit swaps as per 2008-2009 will the trade triangle react fast enough? Or should we be working on tighter than usual stops if we are in this market?
Great Video, S