Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Thursday, the 24th of May.
While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.
DailyXchange
Post and prosper with other MarketClub members everyday.
Stocks on the move: LUV ( Southwest Airlines ) and KO ( Coca-Cola )
DON'T FIGHT THE MARKET … MOVE WITH THE MARKET!
TODAY'S MARKET MOVING SECTORS:
Percentage changes in stocks are relative to the S&P 500
| CONSUMER GOODS: +0.13% | Top Stock PVH +6.92% |
| SERVICES: +0.36% | Top Stock DAL +6.11% |
| HEALTHCARE: +0.52% | Top Stock ONXX +4.36% |
| ENERGY: -0.63% | Top Stock CPNO +2.10% |
| TECHNOLOGY: -0.77% | Top Stock SNPS +4.75% |
| FINANCIAL: -0.20% | Top Stock COF +2.12% |
| INDUSTRIAL GOODS: -0.38% | Top Stock TTC +5.88% |
| BASIC MATERIALS: -0.06% | Top Stock HL +4.61% |
| UTILITIES: +0.19% | Top Stock GRH +3.50% |
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
Monthly Long-Term Trend = Bearish
Weekly Intermediate Term Trend = Bearish
Daily Short-Term Trend = Bullish
With a Score of -85, this index is in a strong downtrend. With our long-term monthly Trade Triangle switching to red, we are now short this market for both long-term and intermediate-term traders. Short-term traders have moved to a sidelines position on the recent green daily Trade Triangle.
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See suggested S&P 500 trading instruments HERE.
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SILVER (SPOT)
Monthly Long-Term Trend = Bearish
Weekly Intermediate Term Trend = Bearish
Daily Short-Term Trend = Bearish
With a Score of -100, silver is in a strong downtrend. Long-term, intermediate-term, and short-term traders are in short positions in silver with appropriate money management stops.
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See suggested SILVER trading instruments HERE.
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GOLD (SPOT)
Monthly Long-Term Trend = Bearish
Weekly Intermediate Term Trend = Bearish
Daily Short-Term Trend = Bearish
With a Score of -100, the gold market is in a strong downtrend. Long-term, intermediate-term, and short-term traders are in short positions in gold with appropriate money management stops.
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See suggested GOLD trading instruments HERE.
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COPPER (July 2012)
Monthly Long-Term Trend = Bearish
Weekly Intermediate Term Trend = Bearish
Daily Short-Term Trend = Bearish
With a Score of -100, this market is in a strong downtrend. Long-term, intermediate-term and short-term traders are in short positions in copper with appropriate money management stops.
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See suggested COPPER trading instruments HERE.
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CRUDE OIL (July 2012)
Monthly Long-Term Trend = Bearish
Weekly Intermediate Term Trend = Bearish
Daily Short-Term Trend = Bearish
With a Score of -90, this market is in a strong trend to the downside. Long-term, intermediate-term, and short-term traders are in short positions in crude oil with appropriate money management stops.
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See suggested CRUDE OIL trading instruments HERE.
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EURO vs USD (SPOT)
Monthly Long-Term Trend = Bearish
Weekly Intermediate Term Trend = Bearish
Daily Short-Term Trend = Bearish
With a Score of -90, the Euro is in a strong downtrend. Long-term, intermediate-term, and short-term traders are in short Euro positions with appropriate money management stops.
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See suggested EURUSD trading instruments HERE.
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REUTERS/JEFFERIES CRB COMMODITY INDEX
Monthly Long-Term Trend = Bearish
Weekly Intermediate Term Trend = Bearish
Daily Short-Term Trend = Bearish
With a Score of -90, this market is in a strong downtrend. Long-term, intermediate-term, and short-term traders are in short 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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This is Jeremy Lutz for MarketClub, wishing you every success in trading. Be sure to post on the "DailyXchange" on your new Members Blog.
Jeremy Lutz
MarketClub.com
