The sharp rally we saw on Friday followed through on Monday, but appears to have run out of steam. In this new short video, I show you what you should be looking at in this market and how I think it should be played.
Markets can get oversold, but when is a market really oversold?
In my new video I show you a specific example of how markets can become oversold, stay that way, and why sometimes a relief rally doesn't change anything.
This is a short video and it's one I highly recommend watching as it will help you in the future to be aware of the oversold phenomenon.
The battle between the Bulls and Bears continues with very choppy trading action. The rally from a potential double bottom is cause for concern for the Bears, however the Bulls are in a similar situation as they have to prove their case with sustained market action.
In my new video, I outline some of the key levels that I think are important in the S&P 500 market. Volume continues to to be light and that is why the markets are moving around and are so volatile at the moment.
This is my first video since returning from holiday in France, but expect many more as the market rotates.
If you'd like to comment on this video, please visit our blog and make your views known.
All the best, Adam Hewison
President, INO.com
Co-creator, MarketClub
I just returned from a trip to the south of France where I was on vacation with my wife. There are a number of highlights from our trip, including great French food and wonderful wines, but one that stands out in my mind was the dinner we had in Marseille with MarketClub member Loic de Cupper.
Loic has been, and continues to be, a successful trader and MarketClub member. Recently, Susan who is in charge of our educational programs here at MarketClub, invited Loic to do a webinar where he shared the trading ideas and strategies that have made him successful.
I must say it was a delight and a pleasure to sit down and have a leisurely dinner with Loic in Marseille; not only was the scenery spectacular, but the conversation was invigorating and informative. After dinner, Loic agreed to sit down for a chat at our hotel overlooking the old harbor of Marseille. As many of you know, I am a huge Apple fan and so I recorded this interview on my iPhone to share with all of our Trader's Blog readers.
I thought you would enjoy hearing what a successful trader in Europe has to say about the US markets.
Thanks go to Loic for his friendship and the wonderful hospitality he showed my wife and I while we where in Marseille.
Enjoy the video,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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The sharp rally we saw on Friday followed through on Monday, but appears to have run out of steam. In this new short video, I show you what you should be looking at in this market and how I think it should be played.
