Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 12th of November.
Europe remains a mess and it would appear as though the availability to kick the can down the road is becoming more difficult for countries like Greece and Spain. With 17 nations comprising the Euro Zone, we think it's going to be very difficult to catch all of these "knives" (countries) when they start falling.
In the past four or five weeks we have seen the major equity markets all pullback, with the NASDAQ reaching a 61.8% Fibonacci correction level. The Dow and the S&P 500 have both corrected by 50%, also a Fibonacci number, and we would not be surprised to see a bounce from current levels. Normally when you see corrections of this magnitude to key Fibonacci levels, you get a counter-trend bounce.
The one thing I love about the markets, is that they really do tell a true picture of what's going on. That is why we, along with thousands of our MarketClub members around the world, are so confident that our Trade Triangle technology will keep us on the right side of the market.
BE PREPARED:
Pay close attention to gold this week. A move over the $1,738 level will indicate that all is not well in the world, and that you should be buying gold to protect your purchasing power. This could be in the form of a futures contract, an ETF (GLD or IAU), or physical gold.
1 STOCK TO BUY TODAY:
TITANIUM METALS (TIE)
2 STOCKS TO EXIT TODAY:
AMERICAN ELECTRIC POWER (AEP)
SANDISK (SNDK)
Now, let's go to the markets and see what our Trade Triangles are indicating.
Have a great trading day,
Adam Hewison
Founder & President INO.com and co-founder of MarketClub.com.
.......the question with gold,silver is not if but when it starts its exponential trajectory.Don´t forgett it is the real money.Martin
KOL ETF is possibly basing now, and if it does not take out 22.73 on the weekly charts, it could make a nice run to the upside.
The key to our energy problems is Natural Gas. Not only is it cheap but two thirds of its emisions are water that will rain down and nourish our crops. We have so much of it as a result of American innovation that our biggest problem is transporting it to places like China where it sells for $17 per thousand cubic feet. In North Dakota it is less than 3 per KCF. So Nat Gas is a win-win in that it is the way out of our trade deficit and a partial solution to the Carbon problem.
Is there a study comparing Natural Gas and Coal on an equivalent energy basis? I would be interested in seeing that.
what would JESUS do? There is no reason that any person on earth should go hungry.............tanks can pull a plow.................more money has been spent on military than to supply all the farmers in the world to grow food. THIS SHOWS A CURSE ON MANKIND. ELOHIM is speaking, can't you hear him?
WE NEED ALL THE ENERGY FROM EVERY SOURCE TO KEEP COSTS DOWN ON EVERYONE FROM COMMON HOUSEHOLDS TO MANUFACTURING PLANTS. TO FAVOR ONE OVER THE OTHER ONLY ALLOWS CAPITALISTS TO MAKE MONEY FROM THE MISERIES OF OTHERS FALLING. THIS IS NOT GODLY. we need bipartisan loyalty in the world. not rich oligarchs of wealth and greed they don't need anyway.
Falling knives, kicking cans and countries running out of dough and cheap electricity.
With the Obama Energy Policy to hype green energy and beat the hell out of coal burning producers it wont be long before lack of electricity and and its escalating cost will shutter remaining manufacturing in the US.
About a third of Nuclear Power Plants may be forced into retirement in the next few years as a result of wear and tear and safety issues.
Wind Power use more fossil fuels than conventional power plants and solar panels are displacing carbon sequestering and oxygen producing trees and plant life (except in the desert where they belong).
What are you talking about with respect to the Coal industry? I haven't heard anything about this except for from a couple CEO's trying to politicize the situation.
Also, I haven't heard that about Wind. In fact, I heard that we are currently extracting oil through unconventional techniques that require a barrel of oil's worth of energy to extract 2 barrels, whereas Wind energy requires the energy of a barrel of oil to extract 15 barrels worth of energy. Do you have different numbers than I have?
In a very informative article published in the NEW YORK TIMES on August 17, 2012, http://online.wsj.com/article/SB10001424053111903285704576559103573673300.html , you will find some interesting facts about the cost of renewable energies from the US Energy Industry Administration (A US Government Agency). Further, the wind power being subject to windless conditions requires cycling of conventional power plants resulting in a net increase in the consumption of fossil fuels per Kilowatt Hour. This reportedly has been found in Germany, SW Kansas and the Texas Panhandle.
CORRECTION!
The above referenced article was published in the Online WALL STREET JOURNAL.
Also for government data go to http://www.eia.gov/ .
Oh, Earl. I hope these are only your political beliefs. If you invest this way, you will be one poor sumbeetch.
American manufacturing is resurgent due to abundant (translation cheap) and secure natural gas resources. Go check some facts. This resurgence is happening despite Obama's green energy "policy." True, unfettered Capitalism has a way of doing that....
Your statements about wind power and solar power are simply assinine. Solar makes no economic sense with current technology, and wind simply cannot produce enough power nor is it reliable. Stick to the facts, man.
Frick N' Frack, the EPA is everywhere. Coal is great for fueling stationary power plants, (the CO2 plant food and the global heating blanket is free). Natural Gas is good for Petrochemicals, space heating, replacing gas and diesel used in trucks, buses, trains and cars etc., etc.