Tag: 52 week high

Today's Video Newsletter: Now it's getting personal - and what's going on in GOLD!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 15th of February.

Click Here to view today's video

CARL ICHAN VS BILL ACKMAN, NOW IT'S PERSONAL
One of the biggest mistakes you can make in trading is getting personal with the market. That is why it's amazing to me to see Carl Ichan and Bill Ackman act like two school kids with this very public fight over HERBALIFE. The one-on-one animosity and hatred they have for each other is now in the public arena. Basically, they both want to win on HERBALIFE and the reality is it's going to cost one of their hedge fund clients a lot of money. After the close in after hours trading, Carl Ichan announced that he had purchased 14 million shares, effectively giving him a 12.98 percent stake in HERBALIFE. This was enough to push shares of HERBALIFE up 20% in after hours trading. Continue reading "Today's Video Newsletter: Now it's getting personal - and what's going on in GOLD!" →

Kicking The Can Down The Road

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your market update for Monday, the 11th of July.

Last week, the standout story was the disastrous jobs report.  As this week unfolds, we are faced with more problems such as the debt ceiling and the total lack of cooperation between the Democrats and the Republicans.  It seems as though both parties are firmly entrenched in their own party lines and are failing to see just what it's doing to the country.

We have talked about this before, and the fact that the politicians both in Europe and here in the United States really don't want to face the truth has created the current mess over the last 20-30 years. It is always same old story of "kick the can down the road" and let somebody else take care of it.

Well, it's showtime or should I say it's a showdown now!  We need to get serious about getting this right in this country.  I believe that we got into this together and now we should get out of it together.

Now let's see how we can protect and make your money grow. Continue reading "Kicking The Can Down The Road" →

No "Plan B"

Posted on by The INO.com Team

Hello, traders everywhere. Adam Hewison here, co-founder of MarketClub, with your market update for Friday the 8th of July.

It was a shocker. We only created 18,000 jobs and unemployment jumped up to 9.2% - how can we say things are getting better when here we are basically two years after the low in the equity markets with unemployment still stubbornly stuck over 9% and probably going back over 10%.

Folks, there is no "Plan B". For the past two years, this administration has declared warfare on business, particularly small businesses - the folks who actually create jobs in this country!

It is amazing to me that they could be so blinded with their political philosophy that they have actually forgotten that there are real people out of work that need jobs.  Small businesses - the very people who create 70% of all jobs in America, are being punished as the current administration wants to tax them more. How stupid can things get. Oh, they can get pretty stupid.

As I mentioned yesterday in my 1 p.m. update, I felt that the S&P was in thin air and also as cyclic high. I think we could be seeing the start of a 15 to 20 day correction. We also recommended taking some money off the table in our crude oil trade which also went very well.

As mentioned earlier I'm doing this report a little bit earlier as I feel today could be an important turning point in the markets.

Now let's see how we can protect and make your money grow. Click here to watch the video. Continue reading "No "Plan B"" →

The Bullish Markets

Posted on by The INO.com Team

Here is your 1p.m. update for Thursday, June 30th. Today Susan reviews the very bullish market that we seem to be trading in this week. Susan also gives you some pointers on how to follow the "52-week new highs on Friday rule." If you have forgotten what those rules are, we have posted them here as a refresher. Watch today's update now!

These are the only three rules you need to trade with “The 52-week new highs on a Friday rule” successfully.

  1. On a new 52-week high, when the market closes at or close to its high on a Friday, buy long and go home long for the weekend.
  2. Exit the long position on the opening of the following Tuesday.
  3. If the market opens sharply lower on Monday, exit the position immediately.

“The 52-week new highs on a Friday rule” works extremely well in futures and in the Forex markets. This rule can be reversed for “The 52-week new lows on a Friday rule” if you are so inclined to trade the short side of the market. The same rules apply.

So, there you have it!

Did we miss a symbol you would like current analysis on? Get current analysis on over 230 symbols emailed to you for free!

Best,
The MarketClub Team