Target (TGT) and The Monthly Trade Triangles

There's no doubt that Target (TGT) has been one of the hottest stocks of the year capping off the year with a move to a record high of $125.32, gaining over +12% on the day. Target has gained +67% on the year. The question is, have you been in on this historic run? As a MarketClub member, did you use the monthly Trade Triangles to enter the Target trade?

Today I'm going to use Target (TGT) as an example of how you can use the monthly Trade Triangles to capture long-term profits while making minimum trades and letting your money do the work for you.

There were a total of seven trades dating back to 2/23/2012, 5 winning trades and two losing trades resulting in a profit of +$74.43 a share.


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First, let's review the rules for trading the Monthly Trade Triangles.

Monthly Trade Triangles determine the overall long-term trend and the entry points and exit points. Continue reading "Target (TGT) and The Monthly Trade Triangles"

Indexes Hit Record Highs On Trade Optimism

Hello traders everywhere. The DOW hit a record high Friday after White House economic adviser Larry Kudlow said China and the U.S. were getting close to reaching a trade deal trading 120 points higher. The S&P 500 and NASDAQ also hit all-time highs, climbing +0.6% and +0.7%, respectively.

Trade-sensitive names such as Caterpillar, Boeing, Apple, and Micron Technology all rose at least +0.5%. Gold, meanwhile, gained +.60% for the week trading at $1,472.10 per ounce. Crude oil, however, hasn't had the same fate losing -.35% on the week entering a sidelines position, much like gold.

The U.S. Dollar continues to trade right around the $98 level, and we're waiting on a breakout above $98.39 to give us a green weekly Trade Triangle, which would indicate a move to a long-term uptrend. On the flip side, Bitcoin continues to be stuck in a tight trading range, but we could get a move lower if it breaks below $8,363, triggering a red weekly Trade Triangle. Continue reading "Indexes Hit Record Highs On Trade Optimism"

Stocks Slump After Hitting Record Highs

Hello traders everywhere. Stocks wavered Friday after President Donald Trump threw cold water on recent U.S.-China trade optimism by saying he has not agreed to roll back existing tariffs.

President Trump made his comment Friday, noting Beijing would like him to scrap those levies. Those comments came after trade optimism earlier in the week, sparked a massive rotation out of bonds, and lifted equities to record levels.

The Dow Jones traded 55 points lower, while the S&P 500 and Nasdaq fluctuated around the flatline.

Entering Friday afternoon's run to the close, the DOW is up 1% for the week. The S&P 500 and Nasdaq are both up 0.6% and .8% for the week. It would be the third straight week of gains for the DOW while the S&P 500 headed for its fifth straight weekly gain. The Nasdaq was on pace for a six-week winning streak. Continue reading "Stocks Slump After Hitting Record Highs"

October Jobs Report Beats Expectations

Hello traders everywhere. As we head into the Friday close, the S&P 500 and NASDAQ are trading at record high levels and looking to close at record highs for the week getting a boost from a better than expected jobs number for October. The S&P, DOW, and NASDAQ will all post weekly gains over +1%.

The U.S. economy added 128,000 jobs in October, the Labor Department said Friday. Economists polled by Dow Jones expected a gain of 75,000 jobs for the previous month. October jobs growth easily beat estimates despite a decline of 42,000 jobs in the autos sector due to a General Motors strike that has now been settled.

Jobs growth data for September and August were also revised substantially higher. September's number was revised up to 180,000 from 136,000. August's job growth was revised to 219,000 from 168,000. Continue reading "October Jobs Report Beats Expectations"

S&P 500 Vies For Record Close

Hello traders everywhere. As we head into the Friday close, the S&P 500 is making a run at its intra-day record high of 3,027.98 by trading just shy of it hitting 3,027.39, which happens to be above its record close of 3,025.86 which was set on July 26th of this year. The move higher was bolstered by strong quarterly earnings from Intel along with apparent progress on the U.S.-China trade front.

On a weekly level, the S&P 500 will post a weekly gain of +1.2% while the DOW will check in with a weekly gain of +.8% and not too be outdone the NASDAQ is looking to close out the week with an increase of +1.8%, leading the pack. For the NASDAQ, this will be four straight weeks of gains, while the S&P 500 will have three weeks, and the DOW will have its second winning week out of the last three.

Crude oil spiked this week, gaining +4.7% for week triggering a new green weekly Trade Triangle. The spike is due to news that OPEC will consider instituting even deeper production cuts at its December meeting and a drop in the oil rig count. The US oil and gas rig count fell sharply this week, according to Baker Hughes, with a decline of 25 rigs for the week. This week marks nine decreases out of the last ten weeks. The total oil and gas rig count now stand at 830, or 238 down from this time last year. Continue reading "S&P 500 Vies For Record Close"