Tag: Crude Oil

Oil falls to lowest level since July

Posted on by The INO.com Team

The price of oil tumbled nearly 5 percent Wednesday, its biggest decline of the year, as traders shifted their focus back to the struggles of the global economy.

Benchmark oil fell $4.27 to finish at $84.44 per barrel in New York. It was the lowest price since July 10.

Hours after President Barack Obama won re-election, concerns about global economic growth re-emerged to dominate the oil market.

European leaders offered more warnings about the region's economy, which has been saddled with a debt crisis for more than three years.

The European Union's executive arm predicted economic growth across the 27-country region would shrink 0.3 percent this year. In the 17 countries that use the euro, growth was expected to contract 0.4 percent. Unemployment is predicted to remain high into 2014. Continue reading "Oil falls to lowest level since July" →

Say Goodbye to the Election and Hello to Inflation

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednessday, the 7th of November.

The election is over and one half the country is happy and the other half of the country is unhappy. It's time to move on and focus on the markets and what we do best here at MarketClub, catching the big moves in stocks, futures, Forex and the futures markets.

If we continue down the same economic path of the last four years, stimulus after stimulus, inflation is going to come roaring back in a vengeful way. That is going to be a positive for gold and other raw commodities and real estate.

In regards to all the markets, we are going to rely on our winning Trade Triangles as they will show us the path to profits.

Now, let's go to the markets and see what our Trade Triangles are indicating.

Have a great trading day,
Adam Hewison
Founder & President INO.com and co-founder of MarketClub.com.

Click Here to view today's video

Left or right it all comes down to today - Election day in America

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 6th of November.

Yesterday, we invited users to vote on our own poll on who is going to win the 2012 presidential election. The poll  is presently indicating 54% for Romney and 46% Obama, a Romney win.

The poll on our MarketClub.com website currently shows Governor Romney with 50% and President Obama with 50%, a dead heat.

What do you think?

The markets are not indicating one way or another who is going to win the election. The equity markets are trading higher for the week, as is crude oil, gold, and silver, while the dollar remains on the defensive. Continue reading "Left or right it all comes down to today - Election day in America" →

Are the markets predicting an Obama win or a Romney win?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 5th of November.

Make no mistake about it, the markets will likely be quiet for today and tomorrow. When the eventual President is announced, perhaps on Wednesday or Thursday, the markets will decide which way they want to move.

Here's what the markets are telling us right now:

Equities: Mixed picture
Metals: Mixed picture
Dollar: Mixed picture
Crude Oil: Negative trend Continue reading "Are the markets predicting an Obama win or a Romney win?" →

Is the Glass Half Full or Half Empty?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 2nd of November.

This past week has been one of the most extraordinary weeks that I can remember. The markets were closed for two days and we had a historic storm cause significant destruction in New Jersey, New York, and much of the east coast. Today, BLS released the unemployment numbers showing that unemployment stands at 7.9%, which begs the question is the glass half full or half empty? You could argue both ways... Is employment improving? Or has it not improved in 4 years?

This is the last weekend that both Pres. Obama and Gov. Romney have to convince an already exhausted population to buy into their vision of the future for America. I think we are all exhausted by both candidates and the endless bickering, which is not helping the economy or the jobs picture.

Personally, I think campaigning for office should be no longer than 3 to 6 months and not several years. These two gentlemen have spent a billion dollars each on their campaigns, what a waste of money and resources. Continue reading "Is the Glass Half Full or Half Empty?" →