Tag: precious metals

Daily Video Update: Black Monday or a Buying Opportunity?

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 23rd of July.

With all eyes on Spain and the dismal performance in Europe this morning, US equities are under heavy pressure. The question is, is this a buying opportunity? We don't think so. As we were saying all last week, the equity markets are coming off a cyclic high period and should be on the defensive for most of this week.

Many companies will be reporting earnings this week, including Apple and Facebook. Continue reading "Daily Video Update: Black Monday or a Buying Opportunity?" →

Daily Video Update: What is more important for America, Romney's tax returns or a stronger economy?

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 19th of July.

That is the question we posed on our Members Blog today. Please feel free to vote and share your thoughts with us. Continue reading "Daily Video Update: What is more important for America, Romney's tax returns or a stronger economy?" →

Daily Video Update: Are we in a bull or bear stock market right now ?

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 18th of July.

Depending on who you speak to, the stock market is either going to fall off a fiscal cliff or the stock market is going to make new highs.

The truth lies somewhere in between. Right now, the markets are in very broad trading range without any clear-cut trend. The intermediate-term trend is positive, however that trend is tempered by the longer term trend that we follow. The long-term trend indicates that the stock market remains in a bear market and that the current rally is just a counter-trend rally in a bear market.

So who is right? Well, the one thing I can guarantee is that the market is always right eventually. Continue reading "Daily Video Update: Are we in a bull or bear stock market right now ?" →

Daily Video Update: Like an addict, the market needs another fix!

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 17th of July.

Like an addict, the market needs another fix and the drug pusher of choice is, of course, Ben Bernanke and his QE pills. The question on trader's minds these days: is the market going to receive another QE3 fix soon? Or are the markets just going to get the shakes and move back to the downside? A QE3 pill is needed if this market is going to get high again, on the upside.

It's very debatable as to whether the Fed and Bernanke have any more pills to sell. If Bernanke is out of pills, then this market will have to go cold turkey. The market will have to survive on its own strength and weaknesses and not some drug induced quantitative easing.

As for MarketClub, we will let the markets and our Trade Triangles do the talking. Continue reading "Daily Video Update: Like an addict, the market needs another fix!" →

Daily Video Update: New week, same old problems

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 16th of July.

As we start this new trading week, we still have a myriad of problems that haven't gone away. This morning, Citi Bank announced their earnings for the second quarter. Earnings exceeded expectations, but fell short on revenue.

Technically, the banks are locked in a broad trading range and we are at the upper levels of that range at the moment.

Disappointing retail sales this morning underscore the still fragile psyche of the American consumer. Consumers continue to struggle with the uncertainty of the upcoming elections. At the same time, the world economy continues to muddle through fiscal austerity that is going to infect Europe and the markets for sometime to come. Continue reading "Daily Video Update: New week, same old problems" →