Short-term traders exited long position on a RED Daily “Trade Triangle” @ $1,496.00 this evening and remain neutral for now. This short-term trade produced a Profit of $20.37 an ounce.
Intermediate and long-term traders hold long positions.
If you are not yet a member of MarketClub see what you are missing in 2011 with a 30 Day Risk Free trial and receive 3 valuable bonuses just for giving us a try.
I am sure we all want to hit the ground with our feet running after the long weekend. Although, as much as we like to "think" we know where the markets are headed, it is never a good idea to put your guard down. Get the reassurance you need from MarketClub's "Trade Triangle" technology.
In today's video I discuss which markets you may what to keep a close eye on. Find out what is hitting new highs, and what's reversing.
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Every success,
Adam
I hope everyone is enjoying their weekend. The action never stops at INO. I just finished this weekend's market update. I base this analysis off of our weekly charts and "Trade Triangle" technology.
I don't think it will be shocking to anyone that the dollar is continuing its downward plunge. You can almost see the invisible tax hitting the markets.
The S&P 500 is looking good for the long term, but short term traders should be out of this market (for now).
All indicators look positive for silver. It had an 8.7% gain last week alone, but can it go down?
Find out why I'm not too enthusiastic about gold.
Finally, crude oil continues its upward sprint...can it reach 120 a barrel?
Find out now...
Click here to view MarketClub’s full Livestream library
Every success,
Adam
First off, I want to congratulate Wayne Byron on his free one year membership to MarketClub. Although Wayne is already a current member, he will receive an additional year free to his membership.
Now down to business. The dollar hit a new low today. If you watched my afternoon update, you know that gold hit our predicted level of 1,500. Still not as strong as silver, but what's next for gold?
I also talk about "stops" in tonight's video. Whether it be in regards to percentage, the dollar, or our very own trade triangles, you don't want to miss it.
You may not want to rush into google, but you will have to tune in to find out why.
Also, Cal from Toronto has a great question that we discuss. I look forward to hearing your questions next Thursday on MarketClub TV!
Click here to view MarketClub’s full Livestream library
Every success,
Adam
I was so excited about the markets today that I decided to jump the gun and update you early! Did the dollar move down as predicted by our MarketClub trend lines? Did gold meet our target level of 1,500? You will have to tune in for the answers, folks. What I can tell you, is that the S&P is seeing some major resistance with its potential "reverse head and shoulders" trend lines.
With the long holiday weekend approaching, you do not want to miss today's final update. Join me LIVE at 7PM ET tonight and be ready for the post-holiday markets on Monday!
Click here to view MarketClub’s full Livestream library
Every success,
Adam
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