Tag: Donchian Channel

Daily Video Update: Stranded on a desert island with a major buy signal

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 11th of September.

On Wednesday, we have the German courts ruling on the Euro area's permanent bailout fund. On Thursday, we have the Fed possibly coming in with another QE to the rescue. But is this all really that important to the markets? The reality is the markets tell you what they want to do and right now they are telling us they want to go higher.

One of the very best traders I have ever had the good fortune to run into lived on a mountain in Switzerland. He didn't listen to news or market rumors, he simply went with the market. In other words, he traded the markets on a technical basis.

He could have been on a desert island, it didn't matter, he just didn't pay attention to the news or listen to the market rumors that fly around the trading floors everyday.

He relied purely on market action to make his decisions, and he made millions!

So let's keep it simple, or as my Swiss friend used to tell me, "they don't pay you anymore for making it complicated." It may be different in the government, but in trading, simpler is better.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Daily Video Update: 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 Monday, the 10th of September.

My question has always been, who is the glass maker? ( China? )

Over the weekend the legendary currency speculator, George Soros, shared with everyone his ideas on the Euro crisis. Mr. Soros indicated that Germany is the problem and needs to compromise big time with its Euro partners. That remains to be seen, as the German court will vote on Wednesday on what Germany can and cannot do.

This week should be packed with news coming out of Europe, and we could have the Fed making a QE decision later this week.

One thing is clear, INFLATION is on its way. That is the reason gold, silver, and copper are all headed higher and in the early stages of a bull market.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Daily Video Update: Is QE3 the next rocket that propels the SP500 Index to $1,550?

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 7th of September.

Back in late August, we suggested that the markets would return to a more normal state with more trading volume and activity when traders returned from their summer vacations. Well, the comment out of Europe from Mario Draghi, head of the ECB, certainly propelled the dart of September to a quick start!

Yesterday's market action was a combination of new buying, and a large part of the move higher in the equity markets was short covering, as shorts scrambled to cover positions.

Another big call out yesterday was the move in the precious metals markets. Today we are seeing follow-through buying in gold, silver, and copper. Make no mistake about it, we are in bull markets in these metals. We are looking for all these markets to be strong for the next six months.

Look for the markets to close well today, as traders will be wary of taking home any short positions over the weekend.

This maybe a perfect weekend to employ our 52-week high rule to any market that is making new 52-week highs on the close.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Daily Video Update: Super Mario to the rescue!

Posted on by The INO.com Team

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

Now that Mario Draghi, the head of the ECB, has spoken we will let the market decide how it wants to interpret his language. Early indications show the market liked what it heard from "Super Mario" and the shorts are getting squeezed out of the major index markets again.

Of the three equity markets we track in this report, only the DOW has not confirmed itself to be in a bull market.

Earlier today the gold market shot over the psychological $1,700 an ounce level based on concerns that the ECB would be printing more money. That coupled with the Fed printing dollars would lead to inflation worldwide. It was exactly one year ago today that gold made its all-time high of $1,920.26 an ounce. We have been, and continue to be bullish on gold and silver.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Daily Video Update: You must work 6 days a week now … that's an order!

Posted on by The INO.com Team

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

In a leaked letter, the European Commission, European Central Bank, and International Monetary Fund are calling for Athens to implement a six day work week as part of a bailout agreement. Sounds great on paper, but how would you like to be the people of Greece? No country, including Greece, enjoys being dictated to by an outside power. Make no mistake about it, Greece is going to have to drop out of the Eurozone.

Tomorrow all eyes will be on the ECB chairman, Mario Draghi, as he announces the details of his bond buying program. If it is deemed not enough, the markets will tank.

More bad news for the US, the World Economic Forum (WEF) released on Wednesday that the US had slipped two spots in global competitiveness. This marks the fourth year in a row that the US has moved down. Last year, the US was ranked fifth in the world and now it is ranked seventh in terms of global competitiveness. Not good news!

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