S&P 500
1864.85
+2.54 +0.14%
Dow Indu
16408.54
-16.31 -0.10%
Nasdaq
4096.78
+10.55 +0.26%
Crude Oil
103.37
+0.55 +0.53%
Gold
1295.200
-0.085 -0.01%
Euro
1.38135
0.00000 0.00%
US Dollar
79.875
+0.009 +0.01%
Strong

Welcome To April Trading And Some Amazing Markets

Hello fellow traders everywhere! Adam Hewison here, just back from our recent MarketClub Summit in Salt Lake City. Here is your mid-day market update for Monday, the 2nd of April.

Crude oil reverses from our Fibonacci target.

Crude oil rallys as downward pressure from long liquidation is over.

Coty wants to buy AVON, but what does that mean for AVON?

We show you where we think this market is headed in today's video.

TODAY'S MARKET MOVING SECTORS:
CONSUMER GOODS:  +0.24%
SERVICES:  -0.03%
HEALTHCARE:  +0.18%
ENERGY:  +0.01%
TECHNOLOGY:  -0.52%
FINANCIAL:  -0.19%
INDUSTRIAL GOODS:  -0.30%
MATERIALS:  +0.63%
UTILITIES:  -0.19%

3 Stocks on the move today:
AVON (AVP), ABERCROMBIE & FITCH CO (ANF), and EXPRESS SCRIPTS INC (ESRX).
Did MarketClub's Trade Triangle technology get it right on these three stocks?

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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S&P 500 INDEX

BIG PICTURE:  Strong Trend  +100
TRADE TRIANGLES: Monthly = Bullish | Weekly = Bullish | Daily = Bullish

This index continues to march higher, and with today's market action we have the chance to close at a new high for the move. With a Score of +100 this market remains in a strong trend to the upside.  Long-term and intermediate term traders should remain positive on this index. Longer-term we expect this market to move up to the $1,550 to $1,600 level by late May, early June based on our cyclic work. With all of our Trade Triangles green, we are in full bullish mode.
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See suggested S&P 500 trading instruments HERE.
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PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at: 1-877-219-1482
International: 1-801-341-3981
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SILVER (SPOT)

BIG PICTURE:  Emerging Trend  +75
TRADE TRIANGLES: Monthly = Bullish | Weekly = Bearish | Daily = Bullish

Today's market action in silver can only be viewed as positive, in our opinion. With a Score of +75, the silver market is now in an emerging trend to the upside. Our long-term monthly and short-term daily Trade Triangles remain positive on silver. Long term traders should be holding long positions in silver with appropriate money management stops.
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See suggested SILVER trading instruments HERE.
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GOLD (SPOT)

BIG PICTURE:  Trading Range  -55
TRADE TRIANGLES: Monthly = Bearish | Weekly = Bearish | Daily = Bullish

With a Score of -55, the gold  market is in a broad trading range. Look for resistance to come in at the $1,700 level. With two of our Trade Triangles negative, we expect this market to remain on the defensive. Long-term and intermediate-term traders should be in short positions in gold with appropriate money management.
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See suggested GOLD trading instruments HERE.
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COPPER (MAY 2012)
BIG PICTURE:
  Emerging Trend  +75
TRADE TRIANGLES: Monthly = Bullish | Weekly = Bearish | Daily = Bullish

Since late January, the copper market has been moving sideways in a broad trading range defined by $3.70 on the downside and $3.95 on the upside. A move out of this range is needed to develop a strong trend. A close in copper this week over the $3.95 level sets this market up to challenge the $4.25 to $4.30 areas. We continue to view the longer-term trend in copper as positive. The market action looks as though it has created a large base to move higher in the future. Long term traders should be holding long positions in this index with appropriate money management stops.
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See suggested COPPER trading instruments HERE.
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CRUDE OIL (MAY 2012)
BIG PICTURE:  Trading Range  -60
TRADE TRIANGLES: Monthly = Bullish | Weekly = Bearish | Daily = Bearish

We continue to like the long-term chart formation, which we believe will eventually push this market higher until early April. We are looking for crude oil to make its highs probably somewhere in the April-May period.  With a Score of -60, this commodity is currently in a trading range.  With our monthly Trade Triangle in a positive mode, we expect that the downside pressure in this market has come to an end. Long term traders should remain long this market with appropriate money management stops.
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See suggested CRUDE OIL trading instruments HERE.
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DOLLAR INDEX
BIG PICTURE:  Emerging Trend  -70
TRADE TRIANGLES: Monthly = Bullish | Weekly = Bearish | Daily = Bearish

This index is beginning to find support around current levels at $78.50 to $79.00. A Score of -70 indicates that this index has once again that moved into an emerging trend to the downside. Long term traders using our Trade Triangle technology should maintain long positions with the appropriate stops in place.
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See suggested DOLLAR INDEX trading instruments HERE.
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REUTERS/JEFFERIES CRB COMMODITY INDEX

BIG PICTURE:  Trading Range  -60
TRADE TRIANGLES: Monthly = Bullish | Weekly = Bearish | Daily = Bearish

Should this index close over $311.25 today, it will indicate that a bottom has been put in place around the $306.00- $307.00 levels. A close this week over the $320 level is needed to reignite this market to the upside and would be a strong bullish signal for inflation. We believe the driver of this inflationary trend will be crude oil. Long-term traders should hold long positions in this index with appropriate money management stops.
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See suggested REUTERS/JEFFERIES CRB COMMODITY INDEX trading instruments HERE.
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PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at: 1-877-219-1482
International: 1-801-341-3981

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This is Adam Hewison for MarketClub, wishing you every success in trading.

Adam Hewison
President INO.com and co-founder of MarketClub.com

Comments

  1. William Comer says:

    I'm still a student, but AVP is not ready for entry yet. My weekly and daily charts show it overbought. It just gapped up and is showing signs of retrace. Watchlist for now...

  2. Daniel Cecile says:

    Nice to read the daily updates while we are in Vegas on holidays. Things are looking good.

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