Daily Video Update: Super Mario to the rescue!

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 6th of September.

Now that Mario Draghi, the head of the ECB, has spoken we will let the market decide how it wants to interpret his language. Early indications show the market liked what it heard from "Super Mario" and the shorts are getting squeezed out of the major index markets again.

Of the three equity markets we track in this report, only the DOW has not confirmed itself to be in a bull market.

Earlier today the gold market shot over the psychological $1,700 an ounce level based on concerns that the ECB would be printing more money. That coupled with the Fed printing dollars would lead to inflation worldwide. It was exactly one year ago today that gold made its all-time high of $1,920.26 an ounce. We have been, and continue to be bullish on gold and silver.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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6 thoughts on “Daily Video Update: Super Mario to the rescue!

  1. Just what the world needs? Another (desiring to be) independent Central Bank to bail out the so called "too big to fail" financial institutions at future taxpayers expense.

      1. Yes Sir. They will soon learn that investors are too important to fail (greatly more important than destitutions too big to fail).

  2. The trade triangles of s&P showed bearish last summer, and the S&P has pretty much gone up since...then a few weeks ago after huge gains since the bear signal we get a monthly buy signal... this doesn't look to good from where I am observing things!

  3. I am shocked, shocked, the Fed and Europe print more money? Who woulda thought it? Like when have they stopped lately? And how much good is it doing?

    All these "events" like Bernanke and Draghi making some grand, meaningless announcement, will mean nothing in terms of the plunge over the economic cliff that is now taking place. It just gives the plunge protection team a way to justify the latest intervention.

    It will be harder to continue along these lines as the fabled "recovery" is seen to be just that. Even harder when the big banks start going down the tubes.

  4. Oh great! Now Europe has it's own clone of Ben Bernanke to inflate the Euro. Printing money is like crystal meth, a powerful rush followed by a crash and need for more of the same.

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