Tag: dow

MarketClub's Trade Triangles nailed this market when almost every hedge fund got it wrong

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 4th of December.

MARKETS WITH STRONG TRENDS: MARKETS WITH MIXED TRENDS:
COPPER (Dec): Higher for the week.
CLOSED LAST FRIDAY AT $3.6230		 S&P 500: Lower for the week.
CLOSED LAST FRIDAY AT $1,416.18
EURO (Spot): Higher for the week.
CLOSED LAST FRIDAY AT 1.2985		 CRUDE OIL (Jan): Lower for the week.
CLOSED LAST FRIDAY AT $88.94
GOLD (Spot): Lower for the week.
CLOSED LAST FRIDAY AT $1,714.19
SILVER (Spot): Lower for the week.
CLOSED LAST FRIDAY AT $33.36


SCORE ONE FOR THE TRADE TRIANGLES

The Euro against the Dollar is one market which has been moving steadily higher. This upward trend has been to the chagrin of many hedge funds who have been forced to cover their short Euro positions. The thinking among many hedge funds was with all the problems in Europe, the Euro was going to drop much lower against the Dollar. The reality of the market place had a very different idea as the Euro has moved to its best levels since the middle of October.

That is the principal danger of listening and relying on the fundamentals to justify your position. When you listen to the market with the help of our Trade Triangle technology, you get a very different story for the Euro/Dollar relationship. The Trade Triangles rely on market action, which in the case of this cross-rate, the trend was clearly in favor of the Euro. The bottom line and the lesson to learn here is that the market is the ultimate arbitrator of its own trends. It is of our opinion that it is best to trade with market action and leave the fundamentals to others. Continue reading "MarketClub's Trade Triangles nailed this market when almost every hedge fund got it wrong" →

3 ETFs that are in strong upward trends

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 30th of November.

THREE COUNTRY ETFs THAT ROCK!

I thought it was interesting to look at some country ETFs today and see what our Trade Triangle technology has to say about them.

The first country ETF that stands out and surprised us was the ETF for Mexico (symbol EWW). This ETF has been doing very well lately, and with a Chart Analysis Score of +100 this market is likely to continue higher.

Next is Spain, can you believe that? With all of the talk of problems in Europe, this ETF for Spain (symbol EWP) is doing very well with a +100 Score.

The ETF for Taiwan is also on our list (symbol EWT) and has also been trending well with a +100 Score. Continue reading "3 ETFs that are in strong upward trends" →

Consumer confidence jumps to best levels in 54 months … and why nobody wants to take a haircut

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 27th of November.

HOORAY FOR CONSUMER CONFIDENCE, BUT IS IT ENOUGH?

Consumer confidence jumped to its best levels in four and a half years. Is that going to be enough to save the economy? We still believe the stock market is in a negative mode, and it is certainly reflecting that today. The big dilemma in our minds is the "Fiscal Cliff". Is anyone, Republican and Democrat alike, willing to take haircut on their special exemptions? Fiscal matters like the proverbial "Fiscal Cliff" tend to get booted down the road. Just look at what's going on in Europe, they are the example we are unfortunately following.

MIXED PICTURE IN THE EQUITIES MARKETS

After last Friday's big jump in the equity markets, we are seeing a somewhat mixed picture for the last two days. Based on our Trade Triangles, we think we will see this market trade sideways before taking another downturn. Everything is going to be predicated on the rise and fall in optimism concerning the "Fiscal Cliff" conundrum. Continue reading "Consumer confidence jumps to best levels in 54 months … and why nobody wants to take a haircut" →

What's really going on in the markets?

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 26th of November.

EQUITIES EXPLODE TO THE UPSIDE, BUT IS THE MOVE FOR REAL?
Last Friday the equity markets jumped dramatically to the upside. Is this a turnaround reversal, or is just a dead cat bounce in a longer-term bear market? At the present time our Trade Triangles are in a negative mode indicating that it was a short covering rally in a bear market.

YES! GOLD EXPLODES TO THE UPSIDE
The Wednesday before Thanksgiving we said to watch gold, as a move over the $1,738 level basis spot gold would indicate that all is not well fiscally in the world. This level was breached last Friday in a shortened trading week. With all of our Trade Triangles in a positive mode, you should now be fully long gold to protect your purchasing power. Continue reading "What's really going on in the markets?" →

Slow trading before Thanksgiving, unless ...

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 21st of November.

SLOW TRADING, UNLESS ...

It is going to be slow trading today as many traders and investors have taken off for the Thanksgiving holiday. The only fly in the ointment that would spark a major move would be an escalation of conflict in the middle east.

We do however, expect the markets to remain on the quiet side for the balance of the day. With volume down for all asset classes for the year, we see little reason for anyone to jump into the market today and begin trading.

We will not have a broadcast on Friday the 23rd. Our next broadcast will be on Monday the 26th. To all of our American members and friends, we wish you a happy Thanksgiving!

FOR THOSE OF YOU WHO WILL BE CHECKING PRICES ON THE 22nd Continue reading "Slow trading before Thanksgiving, unless ..." →