Tag: Crude Oil

President Obama's Job Is On The Line

Posted on by The INO.com Team

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Thursday the 8th of September.

It's showtime.

Tonight at 7 PM (EST), all eyes will be focused on President Obama and his speech on creating new jobs in America. This is probably one of the most important speeches he will ever give and could mean the difference between keeping or losing his job in November.

So what will this mean to the markets?

So far, President Obama's words have not helped the markets in the past. It remains to be seen what is going to happen to gold, the equity and futures markets after the president's speech.

We will get an early indication as to how the markets interpret President Obama's make or break speech during after hours trading and in the futures markets.

As always, we will rely on our Trade Triangle technology.

Now, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "President Obama's Job Is On The Line" →

What A Difference A Day Makes...

Posted on by The INO.com Team

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Wednesday the 7th of September.

The song goes like this; "What a difference a day makes..."

Gold, sharply lower on heavy profit-taking and liquidation.

Equities, sharply higher as all the problems in the world are solved.

The U.S. dollar has a hiccup.

Crude oil up on new demand?

All this while the world waits for President Obama's speech tomorrow evening.

Here's a rhetorical question for you, how many cans can you kick down the road at the same time? Well, if you're a politician you become pretty adept at kicking as many cans as you want down the road.

Now, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "What A Difference A Day Makes..." →

It Never Seems To Go Away, Does It?

Posted on by The INO.com Team

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Monday the 6th of September.

It never seems to go away, does it?

What I'm referring to is the problems with the economy and the sovereign debt problems in Europe. It would appear as though no politician wants to touch these major economic problems with a ten foot pole. Of course like everyone else on the planet they are concerned about protecting their own jobs and getting reelected.

The market action in the equity markets today can only be described as negative. Gold may be having a major reversal, and the dollar is soaring to its best levels in quite some time. Like I have said before, the markets are never boring.

Now, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "It Never Seems To Go Away, Does It?" →

Weekend Update ... not a great week for the equity bulls

Posted on by The INO.com Team

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 9/02/11.

Last week we saw the markets revert back to their major trends, with the reversal in the S&P 500 pushing this market down .4% from major resistance at 1230.

Gold and silver on the other hand moved higher with gold moving up over 3% for the week, and silver following suit with a gain of 4.5%. The closes this week on Friday, for both gold and silver, are all time high, week ending closes, and are very bullish.

Last week, we referred to the fact that Warren Buffett invested $5 billion into Bank of America, symbol BA. This week we saw the true colors of the banks and the fact that they are in deep trouble. For the week, Bank of America lost 6.3% and still has more to go according to our Trade Triangle Technology.

In today's weekend wrap, we are going to do something very special, and that is apply a long-term projection for the S&P 500. We will show you where we think it is headed, how long it's going to take, and where the ultimate target zone is.

Now please remember, these are projections and are based on classical technical analysis. Obviously if our Trade Triangle technology indicates otherwise we will respect that indicator as it is reflective of market conditions. We all know events can and do change and we are cognizant of that fact. I will be doing this analysis at the end of the video so please be patient.

Now  let's go to the weekly charts and see what happened last week in the major markets according to our Trade Triangle technology. Continue reading "Weekend Update ... not a great week for the equity bulls" →

Will September Be A Treacherous Month For Traders?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Friday, the 2nd of September.

It would look as though September is living up to its reputation as one of the most treacherous months in the stock market.

The S&P 500 has pulled back close to where it closed last week. The 1230 area is still acting as a key area of resistance for this market and happens to be a 50% Fibonacci retracement.

Gold and silver on the other hand are positive for the week, with gold being up approximately $50.

Crude oil dropped down to be practically unchanged and met the technical picture we were expecting for this market.

The same can be said for the dollar index, which rallied from the key support level of 7350 and the CRB index is up about $1.50 for the week.

We will be doing our weekend broadcast on Saturday, summing up how these six markets closed for the week. This is going to be a very important and perhaps pivotal week in the markets. So don't forget to catch our weekend update on Saturday!

Now, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "Will September Be A Treacherous Month For Traders?" →