{"id":17005,"date":"2012-11-15T12:53:14","date_gmt":"2012-11-15T17:53:14","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=17005"},"modified":"2012-11-15T12:53:14","modified_gmt":"2012-11-15T17:53:14","slug":"when-you-read-about-it-its-too-late","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2012\/11\/when-you-read-about-it-its-too-late\/","title":{"rendered":"When you read about it, it's too late!!"},"content":{"rendered":"

\"\"<\/a>Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 15th of November.<\/p>\n

It's too late!<\/p>\n

All we have been hearing about lately is the infamous \"Fiscal Cliff\". The \"Fiscal Cliff\" has become an obsession with the financial press and you cannot turn on a financial cable news show or read news on the web without the \"Fiscal Cliff\" looming over us like a big storm cloud.<\/p>\n

Here's a reality check: Long before you could read about the \"Fiscal Cliff\" problem, the markets were telling you in no uncertain terms that things were not rosy for the economy. We're not saying the markets knew that Gov. Romney was not going to get elected, that the \"Fiscal Cliff\" was about to hit us like a rogue asteroid, and that Europe was about to implode. The reason doesn't matter, the markets started heading south over a month ago!<\/p>\n

The first warning signal came on October 9th for the NASDAQ. That signal kicked in at 3,080.28, almost 250 points ago. The very next day on the 10th of October, the DOW capitulated with an exit signal at 13,367.27. That was some 800 points ago!<\/p>\n

The S&P 500 index was a little late to the party as an exit signal came in on the 12th of October at 1,430.53. That was some 75 point higher from where we are trading now.<\/p>\n

The point I want to make in this posting is not to show you how good our Trade Triangles are, but rather to say that the markets always show you the way they want to go before the news comes out. Usually when the news comes out the move is well underway. Remember, all the exit signals occurred three weeks before the general election, and a month before all the news on the \"Fiscal Cliff\" became front and center in every investors' mind.<\/p>\n

BE PREPARED:<\/span>
\nPay close attention to gold, we have seen some profit taking today. The key level we are watching is the $1,738 level on spot gold. Should that level give way, it will indicate that all is not well in the world and that you should be buying gold. This could be in the form of a futures contract, an ETF (GLD or IAU), or physical gold.<\/p>\n

STOCKS TO BUY TODAY:<\/span>
\nNONE<\/p>\n

STOCKS TO EXIT TODAY:<\/span>
\nCOSTCO WHOLESALE (COST)<\/a>
\nSTARWOOD HOTELS & RESORTS (HOT)<\/a>
\nMERCK (MRK)<\/a>
\nRIVERBED TECH (RVBD)<\/a>
\nALCOA (AA)<\/a><\/p>\n

Now, let's go to the markets and see what our Trade Triangles are indicating.<\/p>\n

Have a great trading day,
\nAdam Hewison
\nFounder & President INO.com and co-founder of MarketClub.com.<\/p>\n

Click Here to view today's video<\/a>
\n<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 15th of November. It's too late! All we have been hearing about lately is the infamous \"Fiscal Cliff\". 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