Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 12th of February.
TONIGHT - STATE OF THE UNION
I will be a guest on CNBC Asia, live from Washington DC shortly after the State of the Union Address on "Cash Flow" around 10pm ET, tonight (Feb 12th). I will be discussing President Obama's speech and what effect it will have on the markets. I hope you have time to tune in and watch.
CURRENCY WARS
You have probably heard the terms "currency wars" and "race to the bottom" to describe what has been taking place in the world currency markets in the last few years. Today, we will be looking into a market that is bigger than all of the US equity markets combined and trades over four trillion dollars a day!
There are four ways you can participate in the forex markets:
(1) Trade in the Interbank Market (Flex trading amounts, usually start at 1 million dollars. Normally this market is for the pros)
(2) Trade in the futures markets (Fixed contract size. Designed for the public, began in 1972)
(3) Forex brokers (Designed for the public and smaller non-professional traders)
(4) Options of Currencies (Available on futures exchanges)
(5) ETFs (Pretty new, but very viable for trading. Designed for the public and trades like shares)
The good news about trading in the forex markets is that they all tend to trend in the same direction. No matter which trading platform you choose, it will generally follow the Interbank Spot market. Get the trend right in that market and all the other derivative forex markets follow along.
DID YOU DOWNLOAD "Right On The Money"?
As a member of MarketClub, you have free access to the book I wrote on the forex markets, "Right On The Money." If you haven't downloaded this book yet, please call Melissa in our Customer Service Dept. for your downloadable copy today. 1-800-538-7424, ext. 106
Please share your thoughts and comments with us on our blog.
QUOTE OF THE DAY
From Apple CEO, Tim Cook, this morning, "Apple does not have a depression-era mentality."
Tim also mentions that Apple buys one company every two months on average.
Does Apple need another hit product? Here is my advice, get into the smart watch business ASAP. Apple can then tap into their huge worldwide customer base of installed iPhone users. If six guys from Canada can sell 85,000 no-name Pebble smart watches from scratch, I am positive Apple could sell tens of millions of iWatches as a must-have add-on to their iPhone business. Do that and the sun will once again shine on your stock. That's a no-brainer in my book.
SIX STOCKS ON THE MOVE TODAY
ON THE UPSIDE:
AVON Products Inc (AVP), Masco Corp (MAS), Assurant Inc (AIZ)
ON THE DOWNSIDE:
Dun & Bradstreet Corp (DNB), Fidelity National Information (FIS), Marsh & McLennan Companies Inc (MMC)
NEW TRADE TRIANGLE COLUMN
You can now quickly view your Portfolio Manager and see the Trade Triangles for all of your portfolio holdings. With just a glance, you can view the new Trade Triangles for the day, which are now highlighted with a yellow box. We show you the date and price the Trade Triangle occurred by hovering over the Triangle with your mouse. We hope you will find these changes to be a huge benefit for your portfolios!
Have a great trading day, don't miss MarketClub TV tomorrow,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
