Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 28th of June.
Fibonacci Had It Right!
The recent recovery from the lows seen in the DOW at 14,548 retraced exactly to the Fibonacci points that I laid out in Wednesday's video. For the DOW that number was 15,041, the S&P retracement came in at 1,618 and the NASDAQ came in at 3,414. Continue reading "Today's Video Update: Fibonacci Had It Right!"
The price of oil rose above $97 a barrel Thursday, as the latest U.S. economic data raised hopes for an increase in gasoline demand but suggested the Federal Reserve can wait to pull back on its current stimulus measures.
Meanwhile, the price of natural gas fell to nearly a 4-month low, and the cost of filling up the family car dropped again as the July Fourth holiday approaches.
The number of Americans seeking unemployment benefits fell by 9,000 to a seasonally adjusted 346,000 last week, evidence that the job market is still improving modestly. Steady job gains could help the economy expand later this year, and would mean more people driving to work. Continue reading "Oil price rises above $97 as Fed fears ease"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 26th of June.
Is The Correction Over For The Market, Or Are We Headed Lower?
A revision in the first quarter GDP from 2.42% to 1.8% did nothing to stop this market moving higher this morning. Once again, this proves that the fundamentals tend to lag the market by a country mile. I will be covering all of the indices in today's update. Continue reading "Today's Video Update: Is The Correction Over?"
The Energy Report: What have been the most important changes in the oil and gas markets since your last interview in February?
Chen Lin: Yes, there has been a major change: I turned bearish on China, and I warned my subscribers about that in Q1/13. I shorted copper, the Australian dollar and U.S. government bonds and I just booked a nice profit after the Fed decision. I also shorted oil as a hedge. I have short positions in both copper and oil.
TER: Where's the downside risk? Continue reading "Are You Protected from Oil Price Downside?"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 24th of June.
Everyone Wanted To Buy A Dip In This Market, So Where Are The Buyers?
One of the most fascinating parts of the market in my mind is the psychology of price movement. You can talk all you want about the fundamentals of a stock, future earnings, takeovers, financial forecasts, but it really comes down to PERCEPTION!!
Remember not so long ago everybody wanted to buy a 5% pullback in the stock market? Well, where are those buyers today? They have all but disappeared from the financial landscape. The reality is, market perception has gripped investors and taken over their minds. What the market is trading now is not stocks, it's money pure and simple. I warned our members three weeks ago that our Trade Triangle technology had given early warning signals for the major stock indices. We will be covering all the indices in today's video, so please tune in to get my latest thoughts on today's market. Continue reading "Today's Video Update: Where Are The Buyers?"
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