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.
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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?"
Here is an interesting little stock that could get a lot bigger
Here's a little something to consider: the next big battle between Google and Apple in the smart phone arena could very well be voice recognition.
Two weeks ago Google purchased Phonetic Arts who develop speech synthesis technology designed to improve the quality of spoken language. They purchased it to basically beef up their Android OS for smart phones.
Continue reading "This little stock could get a lot bigger"
There is a lot of interesting commentary happening over on MarketClub's Facebook page, but if you haven't decided to "Like" us yet, you're missing out.
On MarketClub's Facebook page you can keep up with market changing news and see what investor's like yourself have to say about them.
Recent conversations:
12/6: Do you think that Google will be its own demise? As they are continually reinventing themselves and their brand some people feel like it is a bit much. Do we need constant "did you mean?" feedback from the search giant? Do we want Google to know what we mean? Request analysis of GOOG.
12/6: Do you think that Bank of America is out of the woods? They have raised their capital, met the conditions of the TARP program and now they are supposed to be moving forward without having to issue more stocks. In 2009 their repayment of government funds yielded a profit on the taxpayers investment - so...is the bail out of BOA a success? Request free analysis of BOA.
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The MarketClub Team
Its easy to over-think a trade or completely miss profitable trades because you are looking for complex setups. We here at the INO.com like to keep things as simple and profitable as possible. Today we have asked Brian Heyliger of SixFigureTrader.com to share one of his favorite setups with us, its simple and effective. Be sure to comment and let us know what you think.
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For you swing trade traders out there, I like to share with you my most valuable setup in emini S&P 500.
The setup is fresh in my mind because just last week my subscribers and I used the setup to take a 28-point profit in the S&P 500.
I call it the ‘box trade.’ Continue reading "My Most Profitable Swing Trading Setup"
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