Tag: dow
The Market Bulls Will Throw In The Towel At These Levels
This month is shaping up to be a strong negative month for the global equity markets. The S&P 500 is down a whopping 11.34% for the month and 3.9% on the year. The DOW is a little better-down only 9.58% for the month and 3.45% for the year.
Despite today’s late covering rally, the bigger picture indicates that we are down overall on the week and the month.
Here are the levels that if, and it is an if, the markets break, then the stock market bulls will throw in the towel.
Here are the key levels of support for the month of May for the major indices:
SP500 - 1044
DOW - 9,835
NASDAQ - 2,100
Let's see how the markets act for the balance of the month. It will be interesting.
Every success,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Is It Déjà Vu All Over Again for the Dow?
FIRST PUBLISHED ON 2/10/2010
In today's video we examine the crash of 1929 and the similarities to Dow 2010. This video is not meant to scare anyone, but to educate investors and traders of the possibilities that may exist in today's market.
We could be, repeat, could be very close to a tipping point similar to that of 1930 when the Dow had ended a 50% correction to the upside. This years Dow pattern was a 62% correction (see current chart on Dow). I invite you to watch this video and see if it makes sense to you.
Continue reading "Is It Déjà Vu All Over Again for the Dow?"
Has the S&P 500 topped out?
This past wee
kend I visited some friends in Texas. The reason I bring this up, is that these folks are very worldly and very smart. During my visit, the conversation naturally turned to the market and what is going on.
Here is what I took away with me when I left Texas: There are a lot of very nervous people in the market. I think this nervousness has been obvious in much of the market action, and it is not likely to go away anytime soon.
One of the great things about our "Trade Triangle" technology is that it both takes emotion out of the market and gives you a game plan to be successful. In this short video you will see exactly what I mean.
We're always interested in your views and comments and encourage you to visit our blog to let us know what you think.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
After yesterday, you need this to survive the future
It is always interesting to live through history. However, I think many traders, or should say investors would probably like to forget about the history making market action on Thursday.
I just wanted to write a short post and show you where we stand with our "Trade Triangle" technology.
One of the advantages of using MarketClub's "Trade Triangles" is that you don't have to worry about the problems in Greece, nor do you have to worry about earnings reports, downgrades, supply and demand statistics, and all of the millions of other things that make up the price of a stock or a commodity.
An inescapable reality of the market, that effects all of us, is perception. This one characteristic can trump earnings reports, good news, and any other market changing force that comes out. For the last 12 months, the perception has been that things are getting better, and that pushed the market higher. Perception may have changed yesterday as investors are now once again beginning to worry about the euro, sovereign debt, and the value of paper currencies.
So here is how we stand in the major markets with our "Trade Triangle" technology: Continue reading "After yesterday, you need this to survive the future"
