Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Monday, the 17th of September.
While some traders are taking profits from the recent gains, others are looking to hold positions to maximize future returns.
This is leading to uncertainty about the near-term outlook for the markets following its recent strength. This begs the question... is the rally over?
Now, let’s go to the charts and our Trade Triangles and see what’s happening.
Every Success,
Jeremy Lutz
Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Monday, the 17th of September.
Looks like it's the same ole news coming out of Europe.
A meeting of European Union finance ministers in Cyprus over the weekend resulted in a deadlock over how the region plans to combat the debt crisis, with leaders unable to work past their differences on a banking union, the role of the European Central Bank and the conditions of bailout requests.
Corporate earnings are also weighing on the markets today. Earnings are expected to fall short of expectations in the third quarter and then stage a a fairly dramatic turnaround the rest of this year. Some analysts believe the rebound will last into 2013.
Now, let’s go to the charts and our Trade Triangles and see what’s happening.
Every Success,
Jeremy Lutz
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 14th of September.
The older I get, the more I realize that there are no new fiscal ideas. The Fed is basically recycling an old inflationary idea to try and get us out of the current mess. They are cloaking this in job creation, but what it tells me is that the US is in a far more serious economic condition than possibly any other time in history, including the great depression.
As for reducing the unemployment levels, that is going to be a much more difficult challenge as unemployment is going to remain stubbornly high. We are losing manufacturing jobs in the US and everything is turning or has turned to high tech and the Internet.
Take a company like Facebook, it runs on just three or four thousand employees. How are the Facebook's, Amazon's, and Google's of the world going to reduce unemployment? They cannot reduce their labor force and skill sets change in the blink of a nano second. A labor force that is uneducated, not online or too old, is going to have a tough time in the new online world. I know this sounds harsh, but that's the reality of today.
Back to the markets, as we go into this weekend it could be an excellent time to look for new 52-week highs in commodities, stocks, and any other market that is making a 52-week high.
Our Trade Triangles have been telling you that the equity markets and commodity markets were headed higher and that inflation was on the way for quite some time.
I will be out cruising in the Gulf of Maine aboard a three masted schooner for the next four days and will be pretty much out of touch. Jeremy will be doing the daily update for me until I return. Have a great weekend and every success trading these inflationary markets.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 13th of September.
Did Apple deliver? Is the glass half full or half empty? Now that the iPhone5 is out, the question becomes did Apple deliver a superior product and a new game changer for the industry? Only time and the market can answer those questions.
Apple and the German courts have all made their announcements this week. That info has been talked about and digested and is now off the table. The market is now waiting for the Fed, which will announce their decision and view on the economy at 12:30 today. The FED seems to have done a better job than Apple in keeping their cards close to their vest on this announcement.
The market is divided in terms of whether the FED is going to give us another QE3, an ongoing QE program, or do nothing. A small minority think there will be nothing announced today and the Fed will continue to watch their data for more signs of a recession.
We know what the charts are saying and prefer to go with that sentiment over all others.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 12th of September.
The big news today is Apple and the possible launch of the new iPhone5. Is this going to be enough to spark the GDP as some have suggested? And in turn, propel the NASDAQ, the DOW and the S&P 500 to new highs?
In other big news today, the German court allowed ratification of the bailout fund with conditions. That positive news out of Germany was enough to raise European shares to 14-month highs.
We still believe that Greece is going to exit the Euro and we still believe that Spain and Italy have problems that have yet to be faced. If interest rates are held down, perhaps they can squeeze by, but the austerity measures are going to be hard to live with for some of these countries.
Are Ben Bernanke and the Federal Reserve going to begin inflating the economy again with another QE program? This would be QE3, and the market seems to be banking on that possibility and more positive news out of the Fed. As we mentioned yesterday, the charts are telling us that something big and positive is going to happen, it's only a question of when. If the third stimulus is approved, that's what is going to propel the markets to move to new highs.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video
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