Tag: Donchian Channel

Forget The News If You Want To Trade Successfully!

Posted on by The INO.com Team

Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Monday the 22th of August.

Forget the news, if you want to trade successfully.

Many news stories, particularly when it comes to the markets, are basically fed to reporters by folks who have a vested interest in that particular market. I've seen this happen time and time again, when information is given to an online anchor or someone else who is on air and reading the latest news. The information that they report, may be not accurate. In the competitive rush to get news online, and be the 1st to break a story, very few stories are ever checked and triple checked.

So we wake up this morning with the potential conflict in Libya over, and Libya's Colonel Qaddafi's 42-year reign of insanity has maybe come to an end. Based on that news, the Dow rallies up over 200 points. Let's see, that little conflict cost the US about 1 trillion dollars, money we don't have. How could that be good for the market? Now we are tying the news in Libya to the markets here and the terrible economic conditions that exist - it is a stretch by anyone's imagination. The truth is, that the markets probably rallied based on a short covering. Many active traders went home with short positions over the weekend. When the markets did not follow through to the downside they quickly covered their short positions and pushed the market higher.

So here's my advice, do not pay too much attention to the news. Let the market, and the price action give you all the direction you need. Market action is the # 1 item to watch to be a successful trader.

Now, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "Forget The News If You Want To Trade Successfully!" →

Weekend Update...The Tail That Wags The Dog

Posted on by The INO.com Team

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 8/19/11.

The tail that wags the dog

Once again, the problems with sovereign debt in Europe  spilled over into the global equity markets,  and in particular the bank stocks. Europe is "the tail that wags the dog", and in this case,  it's the world.

Video update here.

For the 4th straight week, US equities closed lower and under heavy selling pressure.  Gold on the other hand soared to new highs, on fears that the sovereign debt crisis is escalating and getting totally out of hand. (It's already out of hand).

With world equities coming under pressure crude oil was not immune to the potential of less demand for this commodity. With that in mind crude oil slipped 3.6% for the week.

So there you have it, the trends continue,  and these trends are likely to continue in the near future.

Now,  let's go to the weekly charts and see what happened last week in the major markets according to our Trade Triangle technology. Continue reading "Weekend Update...The Tail That Wags The Dog" →

They Slide Faster Than They Glide

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Friday, the 19th of August.

"They slide faster than they glide"

I learned that rule more than 30 years ago when I was trading in the pits as a member of the CME.  Translated it means, markets go down faster than they go up.  We only have to look at the last two or three weeks to see how true that saying is.

It's Friday!  It's the end of the week and investors are shell shocked and for the most part very nervous.  A weekly close today in the S&P500 below 1,178.81 reinforces the bearish outlook for equities in general.

In contrast, gold is up over $100 for the week and looks like it is getting pulled closer and closer to the magical $2,000 level.  If the chaos in Europe continues, gold will continue to benefit.

The trend in crude oil continues to be on a negative track and is down about $3 for the week, at the time of this writing.

Enough analysis, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "They Slide Faster Than They Glide" →

The Trend is Your Friend

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Thursday, the 18th of August.

The Trend is Your Friend - How true those word are today!

We have been on the right side of the markets for quite some time now.  It is in times like these when technical analysis really shines.  It doesn't matter if you have a strong upward trend in gold or a downward spiraling trend in stocks, technical analysis works.

In case you missed last night's MarketClubTV show, please check it out HERE and see what we were saying about bank stocks and the market as a whole.

We feel we have a target rich area for trading opportunities right now.  Some of the best money can be made during periods just like this.  A key to being successful in markets that are having large moves is to be disciplined and follow MarketClub's Trade Triangles.

So let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "The Trend is Your Friend" →

So Here We Are....In The Middle

Posted on by The INO.com Team

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Wednesday, the 17th of August.

So here we are... We're in the middle of the month, it's the middle of the week, and the markets are stuck in the middle.  Stocks rallied early today, but they look like they are failing now.

Gold rallied again to test the $1,800 an ounce level.  It has now fallen back and looks to be on the defensive.  Crude oil has also rallied and is now faltering from a key resistance area.  Once again bank stocks look to be on the defensive.  I'll also share a chart pattern in the bank stocks with you that does not look good.

So let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "So Here We Are....In The Middle" →