Which is more exciting: the market of late or a game of Pong? You choose.

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

I guess the most common expression I'm hearing is "kick the can down the road.". It would seem as though politicians the world over are pretty much the same. None of them wants to face the truth that there is no more money. So what do they do they, "kick the can down the road."

And once again the taxpayers have to come up with the money. Lending more money to Greece is the height of insanity in my opinion simply because how can they possibly pay back the first tranches of money that was already lent to them? But that's what's happened today; Merkle and Sarkozy  made concessions and basically declared that "happy days are here again," but are they really? I was talking to a good friend of mine this morning who is one of the smartest people I know and I asked him point-blank, what do you think of the global and US economy? Here is what he said to me, "It is a time to be cautious and guarded." Those were his exact words. I'll let you think about that.

So okay enough of what my smart friends think, let's look and see what the market thinks about everything.

Here's what's happening in the major markets right now ... Continue reading "Which is more exciting: the market of late or a game of Pong? You choose."

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"

How to trade the euro, regardless of what happens to Greece

Things have been bad in Europe recently. Between the travel restrictions due to the volcano and ash, as well as Greece not wanting to conform to strict fiscal policies, problems are adding up and adding weight onto the euro.

It is interesting to note that in the beginning of 2010, everyone was bearish on the dollar. Looking at the market action alone we could see that the dollar has done very well vis-à-vis the euro. This is where technical analysis shines as it is an unbiased viewpoint of the collective wisdom of all market participants.

In this new video I show you how you can trade the euro/USD cross using our "Trade Triangle" technology and come out of winner no matter what happens to Greece, Portugal, or Spain.

As always you can watch our videos without registration and there are no fees involved.

Enjoy the video.

If you have time please comment on this post,

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub