There is a fascinating cycle at work. If this cycle remains in effect, we could be looking at the beginning of a turn-down for this index. Click on the chart to view the video
Market Videos
Is the S&P about to fall out of bed or is it headed higher?
A close look at the Dow and NASDAQ
It may surprise you as to which indices have had the most comeback from the lows seen in March. In today’s video we take a close look at both the Dow and NASDAQ indices. Click on the chart to view the video
The gold market continues to steam roll ahead!
The gold market continues to steam roll ahead as it gets closer to our $1,300 target zone.
As we have stated before, gold is in a fully fledged bull market and sharp pullbacks are to be expected. This is not to say the bull market is over; it is more to say that pullbacks should be looked upon as opportunities to add to or initiate new positions. Click on the chart to view the video
What’s Gold’s Next Stop?
After hitting our first upside target of $1,110 two days ago, gold prices backed off but still managed to close at their best levels today for a new record high close in New York basis the spot gold.
The question now is, what’s going to happen to gold after it hit our first target level?
RIMM’s Big Buyback Bet:
“Research In Motion Ltd. (RIMM) will spend up to $1.2 billion to buy back about 21 million of its shares, or 3.6% of its total shares outstanding. The buyback will start Nov. 9 and last for up to one year.”
That was the headline news today on Research in Motion symbol RIMM so I decided to look at the chart to see what was going on in the “real world”. When I got to the chart, one thing immediately jumped out at me and that was the negative action that this market has shown in the past several weeks. Looking at this market a little closer I was able to see that our “Trade Triangle” technology was 100% negative and that our monthly “Trade Triangle” indicator had turned negative on October 28th at $63.38. This is a major negative in my mind for this market. Click The Chart to view the video below
Has the S&P broken final support?
In our last video on the S&P 500 (10/27), we indicated that this market may have topped out for the year. Today’s action puts in place a weekly “Trade Triangle” which indicates that a temporary or a permanent top is now in place for this market. Watch the video below
The Decoupling of Gold
Yesterday Gold finally broke free from the dollar and other indicators. Watch the video below to see where Gold is headed next.
What’s funny about the S&P? (Video Chart)
There’s no question about it, the markets can be very difficult at times. On the other hand, you can laugh all the way to the bank if you approach the markets in a systematic way.
I was looking once again at the S&P 500 and many people have said the market has gone up, not on the fundamentals, but on the perception that things are going to be better. Perception is one of the most powerful elements of the market. I would say that perception trumps both the fundamental and technical.
So what’s going to happen to the S&P 500? Is it going to continue going higher for the rest of the year, or are we close to a turning point?
In my new short video, I outline several key areas that this market is fast approaching. These levels could be the Achilles heel for this market and potentially set the direction for the rest of the year. Click The Chart To View The Video
Checkout what these Market Club users have to say about the technology. Click Here.
As always, the videos are free to watch and there is no need to register.
Enjoy the video, all the best.
Adam Hewison
President, INO.com
Co-founder, MarketClub
What’s the latest with Crude Oil? (Video)
I’ve had a number of requests from MarketClub members to produce another video on crude oil. Part of that may have come from the crude oil alert that we put on our blog on October 12.
What is interesting about crude oil is the fact that seasonally, it should be going down. However, the market appears to be doing just the opposite. We have written about this before and when something is supposed to happen and the opposite occurs, it’s time to pay attention.
What was also interesting in crude oil is the fact that all of our “Trade Triangles” are all green giving a perfect 100% Chart Analysis score. This indicates that there are some strong trends in place and the odds are that the market should go higher. However, this is not a guarantee and all trades should be managed with stops.
In my new short video, I show some levels that crude oil could potentially go to. I also indicate a key level that many professional traders are watching and if this level is broken, it will certainly be a game changer. Click The Chart to view the video
All the best,
Adam Hewison
President of INO.com, Inc.
Co-creator of MarketClub.com
New Video: ETF GLD is analyzed
There is no doubt about it – Gold is getting a lot of press and media attention lately. So the question is, is the move in Gold over or is it just beginning?
I don’t believe the move is over on the upside for Gold, but in Adam’s new two-minute video he is going to share with you an alternative to Gold that should do just as well for many of the same reasons. This is a big liquid market and has great upside potential and is less volatile than Gold. Click The Chart To View The Video
