Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 8/12/11.
What a week of market swings and volatility. Now that the dust has settled, let's examine what happened in the major markets we track.
Out of the six markets we track every trading day, three markets were in positive territory for the week. The three markets that did not end up in the plus column were S&P500 down 1.71%, Crude Oil lost 1.70% and the Reuters/Jeffries CRB commodity index minus .14% for the week.
The percentage winner for the week was gold which picked up 4.99% and remains in a strong upward trend based on our Trade Triangle technology.
This coming week is sure to be a interesting one. I will be back in the studio on Tuesday with my 1p.m.update on all the market's below. Until then, here's what happened last week in the major markets according to our Trade Triangle technology.
S&P500: change for the week: -1.71%
Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = - 85
Silver: change for the week: +1.94%
Monthly Trade Triangles for Long-Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Negative
Combined Strength of Trend Score = - 70
Gold: change for the week: +2.25%
Monthly Trade Triangles for Long-Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 100
Oil: change for the week: - 1.70%
Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = - 85
$ Index: change for the week: + .05%
Monthly Trade Triangles for Long-Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 65
CRB Index: change for the week: - .14%
Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = - 85
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This is Adam Hewison for MarketClub, have a great weekend.
As always, we rely on our market proven Trade Triangle technology for catching the big moves.
Thanks for all these immense information which if one follows religiously will never stumble in the terrains of the market.
I have found very useful many of your post to my fx trading and I remain grateful. OKENTA KRIS
Hi,
How do I get daily market update.
Best
Subbu
PVC Subba Rao,
We did not post an update today. We will have one for everyone tomorrow @ 1pm EST.
Best,
Jeremy
HEY GUYS WHAT DO YOU BELIEVE 'VIPSX' WILL DO IN THE NEXT 6 MONTHS OR A YEAR. IS THERE ANY RISK OF THIS TIPS MUTUAL FUND COLLAPSING AND DAMAGING THE TECHNICALS ON THE CHART TRIGGERED BY A DEFAULT IN TREASURIES. I REBALANCED A SIZEABLE PORTION OF MY 401K ASSETS INTO THE FUND TO TAKE RISK OFF THE TABLE.
hi
i am following the "world cup portfolio" and have a question. in the left hand coener of the page, a time for update is noted. when andhpw often its it updated?
erwin
Erwin,
The MarketClub Portfolio's are updated everyday during the week between 4pm and 5pm EST.
Best,
Jeremy
Adam, at what levels are you thinking of adding to your gold position?
Pls. let me know if I should sell my stock ( MT ) Mittal Steel I bought at $31.80 I already lost 28%. Or should I hold & earn the dividend? Thank you.