Tag: Crude Oil

So What About The Next Two Months?

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 1st of September.

The old Wall Street adage is, "sell in May and go away."  Well, that proved to be very true this year.  So what about the next two months?

September and October are perhaps the two most treacherous and difficult months of the year in the stock market.  Stocks generally do not do well during these two months.

We are confident our Trade Triangles will tell us what to do, no matter what happens to the economy.  It doesn't matter how many jobs are lost or created.

Knowing what to do in the market because of our Trade Triangle signals can make a huge difference to you.  It will relieve your stress level, and will most likely add to your bottom line.

So let's look at the markets and see what's happening today. Continue reading "So What About The Next Two Months?" →

How's The Market Looking At The End Of August?

Posted on by The INO.com Team

Updated with video from Adam at 5:08 PM EST

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Wednesday, the 31st of August.

Here we are at the end of August, and the markets for the most part are still true to their trends. One of my routines that I religiously practice at the end of every month, is to look at the monthly charts. I like to see just how the various markets are closing for the month. If you don't already do this, I highly recommend that you give it a try, as it gives you a great feel for the various trends in the markets.

Let's start with the S&P 500 and work our way down to the Reuters/Jefferies CRB Commodity Index.

The S&P 500 closed out the month of July at 1292.28. It appears as though it is going to close lower for the month of August, unless we see a monumental rally that pushes up this index 70 or 80 points for the day. I don't think there is a remote chance of that happening.

Silver closed out July at $39.47 and is currently higher for the month. The same holds true for gold, which closed out last month at $1,613. Despite today's early pull back, gold is still $200 higher for the month and maintaining its upward trend.

Crude oil is in a downward trend and closed out the month of July at $97.37 a barrel, basis the October contract. This market is currently trading around the $88.80 level which is about $8.50 lower on the month. The trend in crude oil continues.

The dollar index which has been going nowhere for several months, repeated its performance in August. This index is practically flat from its July close of 73.87. This market is currently trading at 73.95 with no clear cut trend happening here.

The Reuters/Jefferies CRB Commodity Index also closed flat for the month of August. At the end of July, this index stood at 342.03 and is currently trading around the 342.03 area.

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 "How's The Market Looking At The End Of August?" →

Is The Market Ready For A Rally?

Posted on by The INO.com Team

Updated with video from Adam at 5:16 EST.

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Tuesday, the 30th of August.

The equity markets put in a very strong performance yesterday, pushing to their best levels since August 5th.  We would not be surprised to see this very overbought market possibly rally to the 1230 area and 1250 zone.

The gold market once again bounced over the $1,800 an ounce hurdle and is currently trading at $1,822.  This market needs to regroup further if it is going to challenge the $2000 level.  The trend is in a positive mode despite the recent $200 pullback.

Crude oil is now very much overbought and approaching the upper levels of the Donchian trading channel.  We expect that this channel and the fact that this market is overbought will provide enough resistance to any halt any further upside action.

The dollar index continues to bounce off the support level of 73.50 which we have outlined on numerous occasions.  Currently this market is trading at 74.00.

The CRB index has rallied quite dramatically after making a low on August 9th.  This market is largely reflective of the move in crude oil.

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 "Is The Market Ready For A Rally?" →

Here's your daily update direct from Starbucks, thanks to Irene

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 29th of August.

It is hard to believe, but I am actually sitting in a Starbucks coffee shop writing this report. Irene certainly did her damage on the East Coast, and we like millions of other folks are without power today.  It would appear that we were lucky with the hurricane, as many other folks were affected much more than us.

We are running on generator power at our headquarters in Maryland, however many of our staff on working from home today because of Irene.
Watch this weekends video here.
So let's look at the markets, and see what's going on.  The equity markets are now approaching the highs that they put in about a week ago and are quickly reaching an overbought condition. Continue reading "Here's your daily update direct from Starbucks, thanks to Irene" →

Weekend Update for 8/26 - Don't Worry Warren Buffett will lend you money at 11%

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 8/26/11.

The major spin last week was the fact that Warren Buffett lent Bank of America $5 billion. But Warren is no fool,  who wouldn't want to get 11% on their investment guaranteed. Well, that's pretty much what Warren got with Bank of America.

So what does that tell us, (1) that Warren is a very shrewd and hard nosed investor, and (2) Bank of America is in serious trouble, and is willing to pay that kind of interest for new funds. Just think about it, you only get 2% on a 10 year treasury.

It remains to be seen whether or not Bank of America is a good stock.  Right now our Trade Triangle technology still indicates that the trend is down and has been for quite some time. If you are a member of MarketClub you can clearly see this on the charts where our Trade Triangles indicate exits or short sales. Sorry Warren, as we do not yet have 5 billion dollars to invest, we are sticking with our tried and true Trade Triangle approach to the markets

So let's look at the markets and see what happened last week: Continue reading "Weekend Update for 8/26 - Don't Worry Warren Buffett will lend you money at 11%" →