Short-term traders enter long on a GREEN Daily “Trade Triangle” @ $1,394.40 Intermediate and long-term traders continue to remain in long positions.
If you are not yet a member of MarketClub see what you are missing with our 30 Day Risk Free trial and receive 3 valuable bonuses just for giving us a try.
Earlier this week we talked about a little stock called Nuance (NASDAQ: NUAN). Well now today it looks like Nuance made a 52 week high and you know what that means, potential candidate for the 52 week high on Friday rule!
For more information on the 52 week high on Friday rule, click here.
Happy Trading!
The MarketClub Team
Excerpt from John Murphy's seminar, “Applying Technical Methods To Today's T
rading,” offered for on INO TV Free...
“For those of you that trade the futures markets, there are a lot of other things outside the future markets that you should be following. But, I guess my bigger message is... for those of you that aren't in the futures markets, whether you trade them or not, the futures markets have a tremendous impact on what happens in the other markets. Continue reading "Free Video Seminar - "Applying Technical Methods to Today's Trading""
Short-term traders exit long position on a RED Daily “Trade Triangle” @ $1,388.26 today and remain neutral for now. This short-term trade produced a profit of $15.49 an ounce.
Intermediate and long-term traders hold long positions.
If you are not yet a member of MarketClub see what you are missing with our 30 Day Risk Free trial and receive 3 valuable bonuses just for giving us a try.
There's no question about it, 2010 has been pretty difficult for most traders in the crude oil market. This year has produced no discernible, lasting trends in this market. The trends it has produced have lasted little more than just 3 or 4 weeks at best.
So what's ahead for this market?
In today's short video we examine the fact that crude oil briefly traded over $90 a barrel before falling back. So what made the crude oil market reverse course and fall back? Was it selling, was it profit taking, a technical point, or something else? Continue reading "What's ahead for crude oil?"
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