1PM Update (5/23/11)

Hello, Adam Hewison here for MarketClub. I hope you were able to join me for today's market update. If not, all is not lost. Watch the video below to get caught up!

Here's what we covered in the major markets ...

S&P 500: -70. Only the longer-term monthly Trade Triangle remains intact at this time. Short-term market trend is down. Market at the lower end of the Donchian Channel. Neutral - Major Support at 1,295-1,300.

Silver: Score -55. Stuck at -55 as it continues to move sideways. Spot market needs to move over 36.00 to give this market upward momentum.Bullish divergence on the Williams %R indicator. Near term support at 34.25.Major Support at $32.00. Major resistance at $39.50.

Gold: Score +70. Longer term trend remains positive. All eyes are on $1,520 0n the upside. A close over this level propels market higher. Support at $1,490, $1,475 and $1,462.50. Resistance at $1,526. Market Trending higher.

Crude Oil: +70 Trading range. Long term indicator remains positive. Resistance at 100.80 basis July. Choppy market. Possible bullish divergence on the Williams %R indicator.SUPPORT AT $96.00 for the July contract.

The Dollar Index: Score +70. In a very broad trading range with the longer term Trade Triangle remaining in a negative position. Minor resistance at 76.50 and major resistance remains at 77.50. Minor support at 75.00

The Thomson Reuters/Jefferies CRB Commodity Index: Score +55. Near-term resistance at 344.00. Support at 327.50. Market oversold. Bullish divergence building on the Williams %R indicator. Trade Triangles are negative on this market.

Join me again tomorrow at 1:00p.m. ET for your LIVE and actionable update!

All the best,

Adam Hewison
President of INO.com
Co-founder of MarketClub

Weekend Update: 5/21/11

I just finished your weekend update. Watch now to analyze the trends from the week!

Click here to view MarketClub’s full Livestream library

We hope you enjoy the weekend update, and that you leave your thoughts in our comment section. See you Monday (5/23/11) at 1pm ET!

All the best,

Adam Hewison
President of INO.com
Co-founder of MarketClub

Your 1PM Update and the "52-week new highs on Friday rule"

Hello, Adam Hewison here for MarketClub with your 1 p.m. market update for Friday the 20th of May.

Watch what's happening right now ...

As of noon today there were only two stocks we are looking at in regards to the 52-week high rule. The first was on the NYSE and it is Sprint Nextel Symbol S. The next stock was on the NASDAQ and that is Amarin Symbol AMRN. In order to qualify for the 52 week rule the stocks have to close at or close to their highs for the day. If the market closes around its midpoint it does not qualify.

Now for the 52 week short rule; we have five stocks in this category as of noon (ET) today. This of course can change before the closing bell at four o’clock (ET). Here are the stocks we’re looking at: SVNT,NBG,OMX, RDN and PMI.

These are all below $10 and should provide a nice % gain if they follow through on Monday.

Be sure to watch all of these markets at or near the close.

Here are the three rules you need to trade "The 52-week new highs on Friday rule." These are the exact rules that Bill used to make millions!

  1. On a new 52-week high, when the market closes at or close to its high on a Friday, buy long and go home long for the weekend.
  2. Exit the long position on the opening of the following Tuesday.
  3. If the market opens sharply lower on Monday, exit the position immediately.

There you have it. These are the only three rules you need to trade with "The 52-week new highs on a Friday rule" successfully.

"The 52-week new highs on a Friday rule" works extremely well in futures and in the Forex markets. This rule can be reversed for "The 52-week new lows on a Friday rule" if you are so inclined to trade the short side of the market. The same rules apply.

Now it's business as usual:

SP500: -55. Long term uptrend remains intact. Trading Range Neutral - Resistance at 1360

Silver: Score +55. possible bullish divergence on the Williams %R indicator.Major resistance at $39.50.Support at $32.00.

Gold: Score +80. Longer term trend remains positive. Support at $1.475 and$1,462.50. Resistance at $1,526.Buy signal today at $1,499.83

Crude Oil: +70 Trading range. Long term indicator remains positive. Resistance at 100.80 basis June.Choppy market.

The Dollar Index: Score +55. In a trading range with the longer term outlook remaining negative. Minor resistance at 76.00 and major resistance remains at 77.50. Minor support at 74.00

The Thomson Reuters/Jefferies CRB Commodity Index: Score -55. Near-term resistance at 348.50. Support at 333.50. Bullish divergence on the Williams %R indicator.

Get a more in depth presentation HERE!

All the best,

Adam Hewison
President of INO.com
Co-founder of MarketClub

MarketClub TV 5/19/11

Did you miss last night's live episode of MarketClub TV? No problem. Watch it now!

Last night we welcomed Adam back to discuss some of the big moves that took place while he was gone. Get updates on all of the hot markets, and find out who the largest commodity firm is.

We would like to congratulate Michael P. from Las Vegas, Nevada on being selected for a one year FREE membership to MarketClub. Find out how you can enter to win in last night's episode!

Click here to view MarketClub’s full Livestream library

We hope you enjoy last night's episode, and that you leave your thoughts in our comment section. See you next Thursday (5/26/11) at 7pm ET!

Best,
The MarketClub Team

What's going on in the Markets... (5/18/11)

Hello, Adam Hewison here for MarketClub with your 1 p.m. market update for Wednesday the 18th of May.

Watch what's happening right now ...

S&P500: -60. Market very oversold. Long term uptrend remains intact. Market at the lower end of the Donchian Channel. Neutral - Trading range.

Silver: Score -60. possible bullish divergence on the Williams %R indicator. Major resistance at $39.50. Support at $32.00.

Gold: longer term trend still positive. Score +65. Support at $1,462.50. Resistance at $1,526.Trading Range

Crude Oil: +80 neutral Trading range. Long term indicator remains positive. Mid point on the Donchian Channel. Possible bullish divergence on the Williams %R indicator.

The Dollar Index: Score +55. In a trading range with the longer term outlook remaining negative. Possible negative divergence. Look for a pullback?? Major resistance remains at 77.50.Minor support at 74.00.

The Thomson Reuters/Jefferies CRB Commodity Index: Score -55. Near-term resistance at 348.50. Support at 333.50. Market very oversold on hedge fund liquidation. Bullish divergence on the Williams %R indicator.

All the best,

Adam Hewison
President of INO.com
Co-founder of MarketClub