usd and usd: Today's Video Update: Where Are The Buyers?

Monday, June 24, 2013

Today's Video Update: Where Are The Buyers?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 24th of June.

Everyone Wanted To Buy A Dip In This Market, So Where Are The Buyers?

One of the most fascinating parts of the market in my mind is the psychology of price movement. You can talk all you want about the fundamentals of a stock, future earnings, takeovers, financial forecasts, but it really comes down to PERCEPTION!!

Remember not so long ago everybody wanted to buy a 5% pullback in the stock market? Well, where are those buyers today? They have all but disappeared from the financial landscape. The reality is, market perception has gripped investors and taken over their minds. What the market is trading now is not stocks, it's money pure and simple. I warned our members three weeks ago that our Trade Triangle technology had given early warning signals for the major stock indices. We will be covering all the indices in today's video, so please tune in to get my latest thoughts on today's market.

Bottom Pickers

Sometimes it's so tempting to buy a market because it looks cheap, but this is not the recommended way. Catching a falling knife is not smart idea, nor does it put the odds on your side. Tools like our Trade Triangles put the odds on your side and let you sleep better at night knowing that you will come out ahead of the game.

Longer term, the major indices are still in a bullish trend, however all intermediate-term trends remain negative and I believe a position on the sidelines is the safest place for your money at the moment.

The Trade Triangles Are Killing It In Gold

For some gold investors, is has been a terrible year to be invested in this once precious metal. But for every Yin, there is a Yang in the markets, and in 2013 our Trade Triangle signals have been making a killing in gold on the short side of the market. In fact, early returns suggest that we are having our second best year since 2008, when our Trade Triangles produced a return in excess of 500% for our World Cup Portfolio. Gold is one of the 6 markets that make up MarketClub's World Cup Portfolio.

This Little Stock Turned Up On Our Trade Triangles This Morning

NASDAQ:STEC. The last time we had a buy signal on this stock at these levels was back in February of 2009. The stock moved from $5.69 up to $40 in less than seven months. We just received a buy on STEC this morning at $5.61! Could the same thing happen again?

iPad Owners - Download My Latest Book

5 Professional Trading Rules That Will Make You Successful In Any Market - by Adam Hewison

Read It, Review It, Rate It!

Dont' Have An iPad? No Worries

5 Professional Trading Rules That Will Make You Successful In Any Market - by Adam Hewison

This PDF version does not include the video.

Watch Today's Video Update Here

There's More

In addition to looking at our normal markets, we will also be looking for stocks that are trending higher today. If you haven't watched any of my recent videos, you can watch them by clicking on the links below.

Recent Special Videos:

Gannett (NYSE:GCI)

Gold

Early Warning System

SodaStream (NASDAQ:SODA)

Apple (NASDAQ:APPL)

Yahoo (NASDAQ:YHOO)

S & P 500 (SP500)

Wal-Mart (NYSE:WMT)

Lululemon (NASDAQ:LULU)

Apple (NASDAQ:APPL)

Tesla (NASDAQ:TSLA)

Google (NASDAQ:GOOG)