Tag: Crude Oil

All Eyes Are On Greece

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 Tuesday the 21st of June.

All eyes are on Greece as the vote will be taken this afternoon at five o'clock Eastern standard Time. That is a vote of confidence on the last 30 measures and also on the government. As you know, the market has been in an oversold condition and I think today's rally was reflective of that move from an oversold condition. Crucial 5 PM Vote comes in when the markets are closed. If there is a vote that is negative then these markets will come crashing down tomorrow. This is just like gambling in that no one knows what's going to happen with the Greek government. My own view is if they do agree on what they're doing it will just be kicking the can down the road.

Now let's take a look at the markets.... Continue reading "All Eyes Are On Greece" →

More of the same, but are we starting to tip down?

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 15th of June.

Okay, now here's what's happening right now in the major markets (click to watch the video)...

SP 500: -70. The market action today can only be described as negative. A score is now -70 and our downside target for this market is 1250. Major downside support is at 1250.

Silver: -70. I would watch this market very carefully today as I feel that it is probably at the lower end of its range. We would use the Donchian Channels along with the fact that this market is oversold and expect to see a bounce from current levels. Major Support at 34.00.

Gold: +70. Gold is currently oversold and we expect to see this market balance sometime in the near future. We would not be surprised to see further sideways action but we want to be long this market as the Donchian channel comes in at 1503. Major support at 1,500. Continue reading "More of the same, but are we starting to tip down?" →

Gold and silver are oversold... time to buy?

Posted on by The INO.com Team

Adam's UpdateGood afternoon and thanks for stopping by for the 1PM Afternoon Update.

Hello traders everywhere!

Adam Hewison here, co-founder of MarketClub, with your 1 p.m. market update for Tuesday, the 14th of June.

Okay, here's what's happening right now in the major markets ...

SP 500: -60. This market remains in a broad trading range with resistance coming in beginning at 1296 and 1305 and finally 1315 which represents a 62% Fibonacci retracement. Major downside support is at 1250.

Silver:-60. Currently this market is oversold, however it is in the state of flux with no clear trend. Using the Donchian Channels and the fact that this market is oversold, expect to see a bounce from current levels. Major Support at $34.00. Continue reading "Gold and silver are oversold... time to buy?" →

Find winning trades in today's 1PM Update

Posted on by The INO.com Team

Adam's UpdateGood afternoon and thanks for stopping by for the 1PM Afternoon Update.

During today's update, we'll be looking at how the major markets are faring today, Monday, June 13th, 2011, but also looking at what the Trade Triangles are telling us are big movers are for this week.

Quick update:

S&P (-60) looking at support around 1250
Silver (-70) oversold
Crude Oil (+65) with choppy action
Dollar Index (-85) bearish
CRB Index (+90) with resistance at 350

Every success,

Adam Hewison
President of INO.com
Co-founder of MarketClub

** Note: All of the MarketClub updates will now be available through INO TV. Though you do have to register for INO TV, it is completely FREE and best of all, it will let you find all of MarketClub's videos in one place. You only need to register one time and then you have access forever!

MarketClub's weekend wrap for the trading week ending on 6/10/11

Posted on by The INO.com Team

Hello fellow traders everywhere. Adam Hewison here co founder of MarketClub with your weekend update for Saturday the 11th of June.

Here's what happened last week….

SP500:Down for the sixth week in a row with a loss of -2.25%

Silver continues sideways with a loss of -.11%

Gold finished the week with a loss of +1.6%

Oil closes with a loss of -.98%

The US dollar index rallied and posted a gain of +1.47%

Thomson Reuters/Jefferies CRB Commodity Index) finished the week flat -.09%