Tag: dow

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 2nd of August.

July turned out to be a great month to be in stocks and our Trade Triangles caught many stocks that were headed higher last month. The question is, how will the month of August play out? Typically the month of August is a quiet month, as most traders and investors take off to enjoy the last days of summer. August could be a strong month for the stock market this year, as there are strong trends in place that are pushing stocks higher and no evidence to suggest these trends are going to reverse anytime soon.

With the Fed committed to talking the market up to the tune of $85 billion a month, I seen no change in this policy as Chairman Bernanke prepares to exit the stage in January. What will happen in 2014 is anyone's guess, as the new Fed chairperson is going to be faced with having to dig us out of the ditch that we put ourselves in. Continue reading "Today's Video Update: What's Ahead For August?" →

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 19th of July.

One piece of financial news that doesn't seem to generate a lot of press is the high price of crude oil. The price of crude oil has been sneaking up for the past month and is now fast approaching $110 a barrel. That equates to a 15% price hike for anyone driving or using any kind of products that use petroleum, like plastics, paint, roof shingles, cosmetics, tires, asphalt and many many more products that we use on a daily basis.

It is interesting to note that the Fed does not include energy or food items in its inflation index.

The question has to be asked, "is the high price of crude oil going to torpedo the equity markets?"

At the moment, it would appear as though the markets are ignoring crude oil prices and focusing on earnings. If the high price of crude oil continues, I would expect it will eventually catch the eyes of smart traders and could act as a catalyst for a market break. At the moment the torpedoes are in there tubes waiting to be fired.

With a target zone of $110 per barrel for crude, I see no reason to abandon long positions and want to hold firm for longer term traders. This market could be a classic weekend play. Watch today's video and I'll explain why.

Detroit Goes Belly Up And Gold Goes Nowhere
Despite the news that the fourth largest city in the US just declared Chapter 9 bankruptcy, gold prices barely moved. In fact, gold has been moribund for the last four weeks with all our Trade Triangles still in a bear mode.

If You Do Nothing Else This Month, Watch This Video

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Have a great trading day,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.