Wednesday, June 22, 2011

Hello traders! Adam Hewison co-founder of MarketClub has just released his 1 p.m. market update for Tuesday the 21st of June.

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All eyes are on Greece as the vote will be taken this afternoon at five o’clock Eastern standard Time. That is a vote of confidence on the last 30 measures and also on the government. As you know, the market has been in an oversold condition and I think today’s rally was reflective of that move from an oversold condition. Crucial 5 PM Vote comes in when the markets are closed. If there is a vote that is negative then these markets will come crashing down tomorrow. This is just like gambling in that no one knows what’s going to happen with the Greek government. My own view is if they do agree on what they’re doing it will just be kicking the can down the road.

Here's some of the analysis you will find in Adam's video:
S&P 500: +55. The market action continues to reflect a trading range. Yesterday we mentioned that this market was at the lower range of the channel and expected amounts. Today is that bounce. Major downside support is at $1,250.

Silver: +55. This market continues to contract and it does look like it is getting ready for a move one way or the other. We would wait for our trade triangles to kick in to give us that direction. Market is oversold and expect to see a bounce from current levels. Near term resistance at $39.00. Support at $34.00.

Gold: +100. All systems are go for gold and we expect this market to do better. The Donchian channel has resistance at $1,353 today. Major support at $1,513.
Crude Oil: -100. Today’s action in crude oil is very negative. The trend in crude oil is clearly down with all of our Trade Triangles in a negative position. The market did bounce as we expected from the lower levels of the Donchian channel. Look for more two-way action in this market.

The Dollar Index: -80. Our indicators are still negative longer-term for the dollar. Minor support at $74.00. Major support at $73.00. Look for a test of the lower line of the Donchian channel which comes in at $73.54.

The Thomson Reuters/Jefferies CRB Commodity Index: +55. We are at the lower end of the Donchian channel and the market is oversold. We would not rule out some sort of bounce from current levels. Market still appears to be in a broad trading range.

Libra - Daily stars for today 22 June 2011 - www.shelleyvonstrunckel.com

It was beginning to look like certain individuals would never forget about things which, in reality, you aren't to blame for. Now, not only have they decided these are part of the past, they've moved on to other far more optimistic matters. In time you'll learn why. But for now, don't ask.

not your star sign? then click here - www.shelleyvonstrunckel.com

Russell Grant's Daily Horoscopes: Wednesday 22nd June 2011

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Aries (Mar21/Apr20) Boring jobs can be made more interesting by using your imagination. Talking to others in the same situation can make waiting for appointments or interviews more entertaining. Especially if these are slightly delayed. Get people talking and you could learn more about what you are letting yourself in for! Your advice might please others too. It will become apparent someone has picked up something wrongly and their mistaken beliefs could have gone against them had they revealed this to the wrong person.
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Taurus (Apr21/May21) A speculative venture could be fun to enter providing you're aware of all possible consequences. As long as you understand there is no guarantee there will be any profit, there's no harm in having a small flutter. The excitement comes through the hope of predicting the correct outcome. If you do manage to make a little money out of it, this will be the icing on top of the cake. Enjoy these exciting opportunities but keep your feet firmly on the ground.
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Gemini (May22/June21) Anyone who has been feeling bored with your usual routines won't be so miserable with you around. Your cheerful spirits and witty humour will help keep others amused no matter who they are or what your relationship with them happens to be. Even your most serious colleagues will be impressed by the sunshine you bring into everyone else's life. Your positive outlook will rub off on someone you're currently interested in. You're certainly making the right impression!
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Cancer (June22/July23) Life can become what you can envision; use your wonderful imagination to visualise a better future for yourself. Never give up hope, no matter what your situation. Remember today's dreams and visions will form the tomorrow you can build. Even if other people hint you're being too forceful in your aims, ignore them. It will be a direct and confident approach that will get results. Business and domestic matters will move forward thanks to your renewed enthusiasm.
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Leo (July24/Aug23) You're ready to tackle problems head on; once you've made your mind up, nothing is going to stop you. You are no longer clutching at every straw in an effort to settle this issue. You are in the fortunate position now of having access to confidential information that could be enormously helpful. This is how your current efforts differ from past ones and this is why your current endeavours will bring more positive results.
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Virgo (Aug24/Sept23) Disagreements are due to misunderstandings; there is a lack of respect within a team because of individual differences. Instead of arguing, if others were willing to listen to other people and learn from them, life would be easier for you. You're dealing with prejudice or jealousy amongst a group who should know better. What started as an easy rapport could fizzle out completely and you're left with the dilemma of having to divide your interests between two opposing factions.
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Libra (Sept24/Oct23) You will please and delight others by giving them what they want but what's all this doing to you? Sacrificing your own hopes to help family or friends achieve theirs leaves you feeling as dissatisfied as they are fulfilled. Don't ignore your inner commotions and don't think your needs aren't important. If accepting what's on offer in any relationship means giving without getting anything back in return, these are friendships you could do without. Do not compromise your ideals.
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Scorpio (Oct24/Nov22) Your boss or some other bigwigs exude power making you feel vulnerable and intimidated. You have the potential to do anything they can do and even more. What you may not realise is you could be more experienced or qualified than those who use their position to belittle or coerce others into doing their bidding. If you're being asked to take on new responsibilities, those who request this of you should prove they are also willing to do their fair share.
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Sagittarius (Nov23/Dec21) The poise, elegance and speed in which you carry out activities will amaze those around you. From modest beginnings, a group project has become a fantastic opportunity for you to put your creative ideas to work. Quite a bit of work is necessary before you start seeing the results you envisage. This is a sacrifice worth making. If there are any long term plans you're uncertain about, talking this over with a wise friend will help eliminate your confusion.
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Capricorn (Dec22/Jan20) It could be a good move if you enter into a business partnership with a woman. You both need to sign agreements to set this up on a formal basis and you will both prefer to have everything legal from the start. Equally, you could turn a creative hobby or other talent into a money making venture. If you're good at knitting, sewing or woodwork this is the time to widen your vision. There are demands out there for your talents; put them to use in a business venture and it could go extremely well.
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Aquarius (Jan21/Feb19) You'll be straining at the bit and desperate to escape if you are surrounded by people who have no imagination. Your hopes to experiment with new ideas are being dashed by those who want you to agree to their less exciting plans. You need to consider the possibility that you have gone as far as you can in a group venture. For you to be able to follow your vision, you need to break out of this confining situation. Either strike out on your own or find other more compatible people to join up with.
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Pisces (Feb20/Mar20) Assess work you have just completed before deciding what to do next. You might still want to continue along similar lines but you're more aware now of areas that could do with improving. A slight change in direction could work out very well for you now. You will be able to base new decisions on past experience. Take the chance to do something different while using your existing skills. A change can often be as good as a rest!
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