Tag: debt

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 9th of November.
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MAMMA MIA! A Global Smash - As Italian Yields Skyrocket!

Italian bonds skyrocket as the Euro crashes. Today, we received a major sell signal on the Euro against the dollar. Today was a game changer, as we now have all our Trade Triangles in a sell mode versus the Euro. Next stop for the Euro is 1.3000 in the short term.

As discussed for quite some time, nothing has changed in Europe besides a lot of posturing and delay tactics. The bottom line is, Europe is in serious trouble and the man who got us into this mess, Jean-Claude Trichet, has retired and has hopefully left the world stage.

With soaring yields on Italian bonds, the euro crashing, it is only a matter of time before we see other fractures in the global financial system coming into focus.

For some time now, the gold market has been telling us to be very concerned about what is happening in Europe. Greece was just the first act, Italy is the main event. The final act will come next year in this three part tragedy.

One last thing... Don't bet on Berlusconi resigning. He didn't get to be an Italian billionaire by playing by the rules.

Now, let's go to the charts and the video and see how we can create and maintain your wealth in 2011. Continue reading "MAMMA MIA! A Global Smash - As Italian Yields Skyrocket!" →

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 8th of November.
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Tomorrow night at 5 PM EST we will be broadcasting our one hour MarketClub TV show. We will be taking your questions and calls, so be sure to watch!

Call in, or e-mail your questions for the show.
410 867-2100 x 129 -

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It's different this time...

There are so many negative reports about what's going on in the world, but the market seems to shrug it off like everything is hunky-dory.

I'm not so sure yet, as many of our longer-term indicators continue to resonate in a negative manner. That is not to say they can't or won't change eventually, but rather they serve as a reminder that we are not out of the woods yet. Continue reading "It's Different This Time..." →

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 4th of November.
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TGIF! Groupon goes public, Jon Corzine resigns and the money mystery goes on at MF GLOBAL.

I think many traders will agree this has been one heck of a week, with referendums coming and going.  If that was not enough, we had the G-20 meeting, John Corzine resigning and MF global going down the tubes, amongst a whole slew of other problems.

I think it's interesting to note that the sharp down move we witnessed in the markets on Monday and Tuesday, was followed by two sharp upward days which basically took the market back to a 61.8% Fibonacci retracement level.  We will discuss and illustrate that point in today's video. Continue reading "TGIF! What a week!" →