Tag: Crude Oil

Today's Daily Update: Is Gold Indicating Trouble Ahead?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 16th of August.

As another trading week comes to a close, it is worth noting that gold is closing at a nine week high for a Friday. I believe that this is a significant event, and believe that gold has now put in a base to move higher later this year and next year.

It's a little ironic that hedge fund traders, like George Soros, recently divested themselves of their long gold positions, as it now appears that the market has put in a major base and wants to move higher. Continue reading "Today's Daily Update: Is Gold Indicating Trouble Ahead?" →

Today's Daily Update: George Soros Jumps On The Apple Bandwagon

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Thursday, the 15th of August.

First, Carl Icahn tweeted that Apple shares were "undervalued" and shortly after, George Soros disclosed he was accumulating more shares of Apple, while at the same time dumping his gold ETF shares.

Here we have two Wall Street titans whose average age is 80 years old. You have to love that these two guys are really shaking up the tech world showing traders around the world how it is still possible to trade at their age. Now, I'm sure they don't actually make the trades themselves, but like many traders they have others to pull the trigger. They are both doing a great job and I congratulate them both for showing the world that life begins at 80! Continue reading "Today's Daily Update: George Soros Jumps On The Apple Bandwagon" →

Today's Video Update: Never Do What This Once Smart Hedge Fund Manager Did

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Tuesday, the 13th of August.

Never Do What This Once Smart Hedge Fund Manager Did - Not Once, But Twice!
Oh my, where do I start? This once smart hedge fund manager used to be good, so why did they make some unbelievable rookie mistakes?

What were these rookie mistakes?
1. No money management.
2. Picking a very public argument with someone in the business who is bigger, more powerful and swings a bigger axe. Continue reading "Today's Video Update: Never Do What This Once Smart Hedge Fund Manager Did" →

Today's Video Update: Is this the top of the market?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Tuesday, the 6th of August.

Every Market Deserves To Rest Once In A While
The indices appear to be on the defensive today, however that's not say we have reached a top or that the trend has changed from positive to negative. Trend changes tend to take time and usually don't happen overnight. For myself, the "line in the sand" on the DOW (INDEX:DJI) is the 15,400 level. It is at that level where I would exit my long position and move to the sidelines and await the next signal. Moving to the sidelines does not change the bigger trend picture for the DOW. I still remain long-term bullish, providing that the monthly Trade Triangle remains in the green column. Continue reading "Today's Video Update: Is this the top of the market?" →

Today's Video Update: All The Trade Triangles Turn Green For Apple

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 5th of August.

All The Trade Triangles Turn Green For Apple
This morning, Apple (NASDAQ:AAPL) moved to a five month high and completed a major base. Apple has, without too much fanfare, rallied from a recent low around $390 and triggered a major monthly Trade Triangle this morning with its move over $466. I can see a move for Apple to the $550 to $575 area.

Lots Of Green Trade Triangles Continue reading "Today's Video Update: All The Trade Triangles Turn Green For Apple" →