A battle royal in the S&P 500

Posted on by The INO.com Team

The battle between the bulls and the bears continues in the S&P 500 with neither side able to gain the upper hand. This choppy trading action will eventually lead to a large move one way or the other. The bulls are betting that we are headed higher and the bears are betting that the economy is going tank.

In my latest video, I share with you some of the key technical points that are still in play and where the market needs to go in order to break out of the current logjam that it's in.

As always our videos are free to watch and there is no need for registration.

Please let us know your thoughts on our blog.

All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub

9 thoughts on “A battle royal in the S&P 500”

  1. I am tracking the S&P 500 index through $INX. Five of the six trade triangles have moved to positive. The last trade triangle is "New 3 month low in July". Are there any events, other than the passage of time, that will cause this triangle to change from negative to positive?
    JohnZ

    1. Hi JohnZ,

      As you said, the red monthly "Trade Triangle" was reaffirmed this month. There was also a new green weekly "Triangle" just this week, but at a -60 Chart Analysis score, we are in a very weak uptrend in this market. A recent green weekly could mean that a monthly turnaround is on the way, but until the market shows signs of a long-term uptrend and triggers our proprietary "Trade Triangle" algorithm, we're still looking at an overall downtrend in the S&P.

      If you have other questions, please let us know.

      Best,
      The MarketClub Team
      800-538-7424

  2. I am hoping we made it. The enemy is probably too curious about the leaked information and is now preoccupied reading Wikileaks.

  4. Adam,
    Wouldn't it be more profitable to trade based on the weekly triangles alone? On this
    latest S&P rally from 3/09 it would have been far more profitable. Would like to know why you don't recommend that.
    Thanks
    Tom O'Boyle

    1. Tom,

      Here is the problem as I see it. Yes, your are correct if you just look at the past few months trading. The key is to look at the bigger picture and find out what works over a longer period of time.

      Here are the rules again for our Trade Triangles.

      How "Trade Triangles" work in stocks.
      The major "Trade Triangle" to watch in trading stocks is the monthly "Trade Triangle" as this triangle determines the trend. We use the weekly "Trade Triangles" for timing purposes. Let me give you an example, if the last monthly "Trade Triangle" is green this indicates that the major trend is up for that stock. You would then use the initial monthly "Trade Triangle" as an entry point and use the weekly red "Trade Triangle" as a stop out point. You would only reenter a long position if and when a green "Trade Triangle" kicked in. You would then use a weekly red "Trade Triangle" as a stop out point. Providing that a monthly green "Trade Triangle" is in place the trend is positive for the stock. The reverse is true if a red monthly "Trade Triangle" shows that the trend is down. You would then use the weekly "Trade Triangle" for entering and exiting the market.

      All the best,

      Adam

  5. Please mention the date of the video recorded. In the above video, it seems like that it was reorded on JULY 23, where it is an OLD. The chart could be set to updated so that exact numbers to-date can be seen.

    1. Hi Chand,

      The dates of our videos can always be found below the text on the video page.

      I hope this helps, but please let us know if you have any other questions.

      Best,
      The MarketClub Team
      800-538-7424

  6. Has everyone got their A-shelter, rations, and iodine tablets ready for early Monday morning?

    What effect will a nuclear war attack by N Korea on the US and South Korea have on
    1 the S&P
    2 the metals commodity markets
    3 the non-metals commodity markets
    4 gold

    ?

Comments are closed.