Have a Happy Holidays, Merry Christmas and a Happy New Year. I hope that the web links of free education, trading tools, and videos helped someone this year in their investing/trading endeavor. More to come next year and hopefully I can start posting trading strategies I like and/or developed.
So, keep your risks low, probabilities high, rewards high, and emotions low and may 2010 be a prosperous one for all.
MyTrader's Ed :)
Thursday, December 24, 2009
What's ahead for the Dow and Nasdaq?
The Dow has managed to claw back 50% of the losses that occurred in 2007 and 2008. The question now is, what’s ahead?
In my new video I share with you some of the ideas that I’m looking at for this index. I believe we are at a very important crossroads and would not be surprised to see this market lose ground in the next 3 to 6 months. In the video I also show you exactly what I’m looking at that will confirm a major top for this index.
As always our videos are free to watch and there is no need to register.
http://www.ino.com/info/496/CD3393/&dp=0&l=0&campaignid=3
Unlike the Dow and the S&P 500, the NASDAQ index has reached unsustainable levels. This is a dangerous area for this index to be in and we would not be surprised to see downward pressure coming into this market later this year or into 2010.
http://www.ino.com/info/497/CD3393/&dp=0&l=0&campaignid=3
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
In my new video I share with you some of the ideas that I’m looking at for this index. I believe we are at a very important crossroads and would not be surprised to see this market lose ground in the next 3 to 6 months. In the video I also show you exactly what I’m looking at that will confirm a major top for this index.
As always our videos are free to watch and there is no need to register.
http://www.ino.com/info/496/CD3393/&dp=0&l=0&campaignid=3
Unlike the Dow and the S&P 500, the NASDAQ index has reached unsustainable levels. This is a dangerous area for this index to be in and we would not be surprised to see downward pressure coming into this market later this year or into 2010.
http://www.ino.com/info/497/CD3393/&dp=0&l=0&campaignid=3
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Sunday, December 13, 2009
Is the S&P 500 Going Up or Down?
Really, no one can say what the S&P is going to do now or in the next coming weeks but what we do know is that it is setup for something to happen. Adam Hewison of Market Club has a new free video where he explains some of the technicals we are seeing now in the S&P from which we can decipher some key levels that if broken can decide the direction of the index.
From an educational side of things, there are some important things to notice in how Adam approached his analysis.
Firstly, using a daily chart of the S&P 500, Adam looks at the big picture going back a year or more.
Secondly, He looks at where price came from. In doing such, you identify key turning points, and support and resistance levels.
Thirdly, he uses fibonacci retracement. Now everyone dont draw fibs the same way but when it's obvious where the highs and lows are, rest assure everyone is thinking and seeing the same thing. Thus it becomes a "self fulfilling prophecy" and the levels seems to be good.
Fourthly, He uses a momentum indicator (MACD) and explains what he is seeing. He noted that the indicator has been losing momentum. History teaches us that price usually (not all the time) follow momentum.
Fifthly, He recognizes that price has been ranging or trading sideways for the past few weeks. It's always important to know if price is ranging or trending in order to determine the strategy you will use to trade the market.
So watch the video to get an in depth explanation of Adam's analysis.
Click Here to see the video and Enjoy.
:)
From an educational side of things, there are some important things to notice in how Adam approached his analysis.
Firstly, using a daily chart of the S&P 500, Adam looks at the big picture going back a year or more.
Secondly, He looks at where price came from. In doing such, you identify key turning points, and support and resistance levels.
Thirdly, he uses fibonacci retracement. Now everyone dont draw fibs the same way but when it's obvious where the highs and lows are, rest assure everyone is thinking and seeing the same thing. Thus it becomes a "self fulfilling prophecy" and the levels seems to be good.
Fourthly, He uses a momentum indicator (MACD) and explains what he is seeing. He noted that the indicator has been losing momentum. History teaches us that price usually (not all the time) follow momentum.
Fifthly, He recognizes that price has been ranging or trading sideways for the past few weeks. It's always important to know if price is ranging or trending in order to determine the strategy you will use to trade the market.
So watch the video to get an in depth explanation of Adam's analysis.
Click Here to see the video and Enjoy.
:)
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