Luck Of The Irish & The Indices

I wanted to make this video as the indices are getting a little St. Patrick's Day luck. Like a great many traders; I am a great believer in getting all the luck I can get. Hopefully, the luck of the Irish will roll off on you and you remain lucky all year.

Today we're going to be looking at the three major indices here in the U.S. The first one will be the Dow Jones, followed by S&P 500, and the NASDAQ. All three indices have had remarkable moves since their original buy signals that were generated in 2009.

In 2009 we had the following signals using our monthly Trade Triangle technology. If you have been following my videos for any length of time, you know that we use our monthly Trade Triangles for the major trend in the indices. Starting with the DOW, we had a signal that the trend has reversed to the upside on May 4, 2009 at 8315.07. The S&P 500 also gave a trend reversal signal on that day at 888.70. The NASDAQ was the last to join the party as it gave a buy signal on April 16 at 1665.63.

In this new video, I share with you some of the ideas I have on where we are in market terms in all three indices.

As always, our videos are free to watch and there are no registration requirements. I would really like to hear back from you in regards to your thoughts on this video. Watch this video.

Your comments are welcome.

All the best,

Adam Hewison
Co-creator, MarketClub

14 thoughts on “Luck Of The Irish & The Indices

  1. Hi

    I was wondering I bought lots of EUR/USD and did not want to sell, so I would not loose money. But now the Euro is down to 1.3528, how long do you suggest it wil ltake unitil it gous back up to 1.3697 or close to it. Shoul i just buy more now and even it out, or sell, I am new at this and learning now, to make stops at all times!
    Thanks Adam

    1. Susy,

      Thank you for your feedback.

      One of the five keys to trading is having a game plan and using stops. When you do that you avoid second guessing yourself.

      Give our office a call and we will send you a PDF that contains a template for helping you develop a workable game plan.


      All the best,

  2. Thank you Adam,i have benn learned this strategy,it's great!
    Glad all is well with you and yours!

  3. You mention tight stops in all of the markets. Could you expound more on how you would go about determining the dollar level for your stops.


  4. Vinayak,

    Thank you for your feedback. What I said was that the DOW and the S&P 500 bottomed out earlier in March of 2009 and then the NASDAQ followed in April.

    I hope this clears up any confusion that you might have about the video.

    All the best,
    Adam we

  5. Hey Adam,

    The dates in the article don't seem to make sense. You mention here that the DOW gave the signal first on May 4th. And strangely, you also mention here that the NASDAQ followed last - but on April 16th. Am I interpreting something wrongly here, or are the dates mentioned here wrong?



  6. Thank you Adam.
    As I have been learning these past few months on these indices ( a little) your comments are really welcome. I would be interested in your views re stop levels after last week's unexpected selloff and swift recovery.
    Best wishes from NZ
    Dr Ian Ball

  7. Adam,

    Just listened to your post re: luck of the Irish.

    Please explain your system as your historial charts all had buy signals but the markets crashed. What do you use to confirm them as they seem to have a low probablility of success. Please clearify your methodology.

    Greatly appreciated.

  8. Your video removes an anxiety state I have over my investment strategies as it gives me a sense of where the market is heading. Thank you for reminding me of having tight stop losses as we approach the 61.8 Fib.
    Warm regards

  9. After watching the videos you mention several times that if you are long you should have very tight stops. Could you give a more in depth explanation on how you would determine your stops for these markets.



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