Tag: euro

Today's Video Update: Goodbye Yellow Gold, Hello Black Gold

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 26th of March.

Goodbye Yellow Gold, Hello Black Gold
The gold market continues to frustrate the bulls and confound conventional wisdom. The market action yesterday and early today can only be seen as negative. With both our weekly and monthly Trade Triangles red, we see no reason to get excited about gold moving higher at the moment, so for now say goodbye to yellow gold.

On the other side of the ledger, say hello to black gold. Yesterday our weekly green Trade Triangle kicked in and gave a buy signal in the crude oil market. Yesterday's buy signal was in line with the longer-term monthly Trade Triangle, which has been bullish and in place for quite some time. We see the renewed bull market in crude oil continuing from here based on our Trade Triangle technology. With gasoline and crude oil prices moving higher, it does raise concerns about gas prices. If gas prices become so expensive, is that going to derail the economy? Continue reading "Today's Video Update: Goodbye Yellow Gold, Hello Black Gold" →

Today's Video Update: Cyprus puts lipstick on a pig

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 25th of March.

CYPRUS PUTS LIPSTICK ON A PIG
As the world waited with baited breath this past weekend, the powers that be put together an agreement so Cyprus would not fall out of the Euro and off the face of the earth. I say, it's like putting lipstick on a pig, it still doesn't change the fact that it's a pig. The banks have serious problems in Cyprus and potentially in other countries and "putting lipstick" on the situation may look pretty, but it does not alter the real core problems with the banks. Continue reading "Today's Video Update: Cyprus puts lipstick on a pig" →

Today's Video Update: Z10, Tiffany, Gold and the Weekend Worry, Cyprus

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 22nd of March.

Z10 - Does BlackBerry Have The Magic To Come Back?
Today's the day that BlackBerry begins to market its Z10 smartphone in the US. It's interesting that BlackBerry chose today, as it is the 50th anniversary of the Beatles and the first James Bond movie. Both the Beatles and the Bond franchises have performed extremely well over the years. The question now is can Blackberry resurrect itself as a leading contender in the smartphone market? The US accounts for 20% of BlackBerry sales and this number either has to stay or grow from here. The key to BlackBerry stock is holding onto and growing its customer base. I think that's going to be an awfully hard challenge given the Android and Apple's iOS stranglehold on the US markets. Today we will be looking at the stock of BlackBerry to see just how well our Trade Triangle technology did in capturing the moves so far in this once shining star. Continue reading "Today's Video Update: Z10, Tiffany, Gold and the Weekend Worry, Cyprus" →

Today's Video Update: March Madness may not be about basketball this year

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 21st of March.

March Madness, May Really Be, March Madness
The NCAA basketball "March Madness" season starts today at noon, ET, however the March madness I am referring to has nothing to do with basketball.

The events in Cyprus and the ramifications it could have for the rest of the EU could be chaotic. Suddenly, there are no adults in the room, and once again we are seeing Russia jump into the fray with all kinds of loan deals, gas deals and donkey deals. How does all this Russian input complicate Cyprus? In my opinion, it presents a massive complication as Russia is not part of the EU and yet they are in the thick of things meddling in what is majorly an EU problem. The Russian interest is from all the money that's deposited from Russia in the banks of Cyprus. This saga has a lot more room to play out and if it is not contained, it has the potential to create a real ripple effect through Europe. Continue reading "Today's Video Update: March Madness may not be about basketball this year" →

Today's Video Newsletter: The Fed meets today and tomorrow … what to expect

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 19th of March.

What Will The Fed Do?
The Fed will be meeting today and tomorrow to decide the future course of action for interest rates. I suspect the blowup in Cyprus, which could be the tip of the iceberg, will be weighing on policy makers' minds and that the Fed will hold steady. The Fed is on a tricky course to try to juice up the market and the economy with low interest rates. The strategy of keeping interest rates low and pumping money into the system to the tune of $4 billion every trading day has many detractors, who claim the cost of doing this is just too expensive and the nation cannot afford it. It would seem to this market observer that the Fed and the market are both addicted to cheap money. When interest rates begin to rise, and they will, expect to see a radical change in sentiment towards the equity markets as inflation will once again rear its value robbing head to a whole new generation of investors. Continue reading "Today's Video Newsletter: The Fed meets today and tomorrow … what to expect" →