You are moments away from viewing free trading videos on INO TV... Please sign up using the quick form to the right:
INO TV is designed to take your trading to the next level by providing you with educational resources to help you recognize and capitalize on these trends. To gain access to your educational videos, training resources, and recent market forecasts from Trading Advantage and INO.com, sign up now.
MarketClub's Mid-Day Update for 05/24/13
Adam Hewison - MarketClub
Sign up for instant access
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 24th of May. If The Economy Is So Good, Why Did This Happen? We have been talking about this all week... Why did these bedrock companies, Wal-Mart (NYSE:WMT), Target (NYSE:TGT) and Sears (NASDAQ:SHLD), all miss their earnings estimates? Is this an early warning signal that the economy is really not as healthy as the Fed and everyone else would like to see? We will be examining all three stocks today. Looks Like Stocks Are Closing Out The Week Lower As of this writing, it looks as though the stock market is going to close out the week lower. This is a first down week in four weeks and it's coming from a key level. If you have not watched our S&P 500 special video, I highly recommend that you take the time before the day is out to watch it. Is Gold Trying To Make A Base To Move Higher? There is a sense in the market that smart traders are getting just a little bit nervous about equities and money in general. Gold appears to be the beneficiary of this worry. Certainly, the $1,350 area on a close-only weekly basis is very important. Providing that level holds, I would not be surprised to see further sideways and perhaps some upside action in the gold market. Are Currencies The New "Hot" Market? You see the news, you hear about how Japan is basically devaluing its currency (Japanese Yen) which is proving to be a huge boom in the Forex markets which trade over $4 trillion every day! This huge worldwide market dwarfs every other market on the planet. More and more traders who have traditionally traded stocks are looking at Forex as an opportunity to make money. For example, if you have been following these updates for any length of time, you've seen me talk about the collapse of the Australian dollar and the Japanese Yen and both trades have been very successful. The Forex markets tend to trend and the trends tend to persist longer in Forex than they do in the stock market. Also, and this is the shocker, the Forex market can be less volatile than stocks. A 10% move in a currency over a year is considered a huge move. What makes Forex trading exciting is the leverage factor. You can leverage up to 50 to 1. Today we will be looking at the Yen, the Australian dollar and of course, the Euro.
Larry reveals techniques for traders like you to help you control your emotions and transform you into a disciplined, emotion-free trader. It is the most important concept you can learn in order to be a successful trader. +
If you can master this skill, you can be very successful in this business. If we can't control the market and what it will do, then the only thing that will make us successful is if we can control ourselves. And that's easier said than done. But it is the reality of successful trading.
Larry Levin reveals trending markets and shows techniques to help be more successful in the markets. Using examples and charting patterns, this video shows specific rules to help determine trends. +
Learn to trade the markets with MarketClub's daily market updates. The latest commentary and analysis of market action around the world. +
At MarketClub, our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals.no matter which way the markets move. MarketClub TV is an expansion of our ultimate goal.
Floor trader William Greenspan explains how he day trades and shares with you the system he uses everyday +
This same system has allowed Mr Greenspan to achieve 155 consecutive winning months
In this presentation, Mark Douglas explains the dynamics of the trader's "mindset" at a very fundamental level +
You will gain a comprehensive understanding of how you must first learn to think like a trader before you can fully utilize your technical or analytical abilities
Whether you are a novice or an experienced trader, sometimes the markets leave you feeling like either an idiot, a moron or both +
Trading professional Mark Cook shows you how to conquer trading mistakes and get back on the right track
About INO TV, INO.com, and Trading Advantage—In today’s fast-paced global economy, education is the key to gaining enhanced opportunity in the markets. INO.com and Trading Advantage have teamed together and are committed to providing traders with the tools and resources to do just that. INO TV provides users with educational resources and videos from INO and Trading Advantage’s market experts—showing detailed examples and trend trading strategies in real market scenarios. INO.com provides traders worldwide with a continuous information services of quotes, charts and news, and is the #1 internet site for futures and options traders worldwide.