This is going to be a BIG WEEK...Weekend Video Update

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 10/14/11.

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The occupation of Wall Street continues, this rag tag movement has grown to include other cities and has now spread itself around the world. However, this unforeseen danger was not enough to dampen the spirits of Wall Street, as the equity markets put in one of their best weekly performances for the year.

So how can we best characterized last week's trading. What stands out in my mind, it was one of the lowest volume weeks in the equity markets for the year. Having said that we saw the DOW move up 4.87%, the NASDAQ jump 7.58% and finally the S&P 500 gained 5.98%.

The clear leader was the NASDAQ which was led by big gains in the stock of Apple (AAPL) and Google (GOOG).

The metal markets also moved higher with gold up a positive 2.61%, and silver scratching out a modest gain of 1.03% for the week.

Last week the dollar took it on the chin, dropping 2.72%. The move reflected thoughts that Europe was finally getting its act together. Europe continues to be a big question mark in my mind. It remains to be seen, if this is just the opening act, or the final act.

Crude oil prices jumped 4.85%, which in turn pulled the Reuters/Jefferies CRB Commodity Index into positive territory with an impressive gain of 4.41% for the week.

The big news for this week at least on Monday, will be the earnings announcement from Citi (C)and Wells Fargo & Co (WFC). This could really set the trend for the financial markets for the rest of the week. Bank of America  (BAC) and Goldman Sachs (GS) report on Tuesday and Morgan Stanley (MS) is expected to give its quarterly report on Wednesday.

It's going to be an interesting week. Oh, and let's not forget that Apple (AAPL) reports quarterly earnings after the close on Tuesday.

So stay tuned.

Now let's go to the 6 major markets we track and update every trading day and see how we can create and maintain your wealth in 2011.

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S&P500 INDEX
Change for the week: + 5.98%
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 70
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Suggested Trading Instruments for this INDEX
Non Leveraged ETF's: (Long SPY) (Short SH)
2 x Leveraged ETF's: (Long SSO)(Short SDS)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.

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SILVER (SPOT)
Change for the week: + 1.03%
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trend = Negative
Daily Trade Triangles for Short-Term Trends = Negative
Combined Strength of Trend Score = - 100
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Suggested Trading Instruments for SILVER
Non Leveraged ETF's: (Long SLV) (Short the ETF SLV)
Leveraged ETF's: (Long AQG) (Short ZSL)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.

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GOLD (SPOT)
Change for the week: + 2.61%
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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
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Suggested Trading Instruments for GOLD
Non Leveraged ETF's: (Long GLD) (Short the ETF GLD)
Leveraged ETF's:(Long UGL) (Short GLL)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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CRUDE OIL (December)
Change for the week: + 5.06%
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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 = + 55
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Suggested Trading Instruments for CRUDE OIL
Non Leveraged ETF's: (Long USO) (Short the ETF USO)
Leveraged ETF's: (Long UCO) (Short DTO)
Futures: Call your broker
Options: Call your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.

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US DOLLAR INDEX (SPOT)
Change for the week: - 2.72%
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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
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Suggested Trading Instruments for the US DOLLAR INDEX
Non Leveraged ETF's: (Long UUP) (Short UDN)
Non Available Leveraged ETF's: (Long -) (Short -)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.

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REUTERS/JEFFRIES CRB COMMODITY INDEX (SPOT)
Change for the week: + 4.41%
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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 = + 55
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Suggested Trading Instruments for the REUTER/JEFFRIES CRB COMMODITY INDEX
Non Leveraged ETF's: (Long CRBQ) (Short the ETF CRBQ)
Leveraged ETF's: (Long UCO) (Short CMD)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.

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MARKETCLUB ONE-ON-ONE PERSONAL COACHING

This weekend, I would like you to ask yourself this question, IS PERSONAL COACHING RIGHT FOR ME?

Give us a call at 877–219–1482 for a free consultation and find out if personal coaching is right for you.
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This is  Adam Hewison for MarketClub.

See you Monday,  have a great weekend.

 

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18 thoughts on “This is going to be a BIG WEEK...Weekend Video Update

  1. Don,

    If you use just the weekly and daily Trade Triangles as your signals,could you effectively daytrade or swingtrade within the S&P's current trading range scenario.
    In other words, can the MarketClub TTS be adapted, effectively & productively, for short term trading?
    Does anyone know of someone who is effectively employing the Marketclub TTS as a daytrader or swingtrader?
    Thank you for your insight!

    Sunday

  2. Adam's words follow the trade triangle system (TTS) he and others developed. The TTS is a trend trading system. The current market is in a Trading range. If you are following the TTS, why are you in the market on a short term (weekly) basis? All of the market controlling forces are in chaos: the direction of the economy, the political direction, the US currency direction, and the commodities (raw materials) direction. While there is a definite negative bias the direction of any tradable market is questionable. Day trading with techniques like opening gap systems may (no recent personal experience) and options spread systems may be profitable. In either case the only thing TTS will tell you is you are in a trading range. Trading ranges = market indecision. I cannot tell from your post how you trade. I can say that if you trade a trend following system for short term volatility trading you will get slowly eroded. I really suspect that the frequency and method you want to trade is not within the sensitivity parameters TTS. If that is not the case, you are not listening to the TTS.

  3. It's interesting, don't you think, how technology stocks tend to be the most responsive to the markets' movements... I've noticed above in some of the comments of frustration regarding "the system" and it's slowness that many people have missed out. I think MarketClub's real strength lies in the longer term trends, not the daily action. For that, I think you need to look to my Evening Investor Strategy.

    MarketClub has several strengths, especially for the person who is looking to get the big picture. Unfortunately, due to the use of the lagging indicators, almost all systems are going to fall behind. But it is better than getting in only to lose money due to greed or trying to catch every bottom or top.

  4. Adam,

    You've been publishing and actively promoting shorting the S & P 500 Long Term and Intermediate Term as of last week. Now that you've sucked in many individuals to short the market your story has changed on a dime.

    I was a subscriber and quit because I lost a lot of money with your poor market calls having us continually on the wrong side of the market. And here we are again short the S & P 500 as it begins it's fall and winter rally.

    1. RD,

      I am not sure you are being totally fair with your comments. What I have being saying is according to our long term Trade Triangles the trend is down. That is still the case. In the last two weeks we have seen one of the biggest rallies since 1984.

      I hate to see someone lose money but when you follow our Trade Triangles like we preach and get in when the signals occur then the odds are very much in your favor. Lastly, when you point a finger at me saying it is all my fault, remember you have three fingers pointing back at yourself.

      I wish you all the best in the future.

      Adam

  5. Dear Everyone,

    I think that the market is already falling, but you just don't see it yet. We are DEFINITELY going into another recession, or a more intense continuation of the current one, depending if you have a job or not. Europe is coming to the end of the road, one way or another, which means that there is going to be a commodities glut. Canada and Australia are going to see their economies shrink wholesale. China is going to economically and politically implode. It's already happening. Look at IFN and MCHFX and EWZ and the Jakarta and Bombay stock exchanges. It's happening again. But, this time it can't be stopped. Read "Economic Warfare: Risks and Responses" by Kevin Freeman. That will explain better what is going on.

    Cheers, Cherubim

  6. It's not likely we're going to see a market crash. Markets crash when everyone is bullish and complacent. As long as there are plenty of bears out there, the market will climb the wall of worry until everyone is sucked in. We're not there yet.

    Or, some financial meltdown happens but I don't see that anytime soon. Any rumblings will be met with more bailouts and restructuring.

  7. Joe Duray-Bito: You are absolutely correct on all counts! And further, BOTH the daily gold and silver charts have completed a lesser known formation called "the cup and handle" and are ready to move up from there, Looking back at long term gold charts, these formations have led to significant upward moves over the past 10-12 years. And YES! the more the merrier.

  8. Remember the golden rule: "He who has the gold makes the rule." Just get more.
    Both the daily chart {short term} and the weekly chart {medium term} are oversold.
    It is a BUY BUY time the more the mere.

  9. Adam,

    As I have been consistently following your commentary the past 7 to 10 days, you enthusiastically continued to cheerlead for the dollar index up until today's lukewarm update on the $dollar index(least enthusiasm you've shown for this market in sometime). Despite weak volume in the S&P, this index has continued to climb each day beyond your anticipated daily analysis. Despite inherent bearish and critical political leanings, price does continue to be truth in spite of any and all analysis or trading systems. Based on your lukewarm review of the dollar today, and now upward projections of the S&P and DJI to the upper ends of the Fibonnaci levels, it seems that it may be prudent for me to exit the dollar now. Why didn't you review SKF today as you have been following this etf for some time now. Thank you in advance for your opinion.

    Sunday

  10. "In the latter times, the people will throw their gold and silver into the streets"...is a latter times prophecy that hasn't happened yet.

    King Solomon didn't use Gold as part of his money system. The unbelieivng Gentiles did establish money values for it...

  11. That's the problem i had, don't expect to catch the bottom, but should get a few days of the bounce--new trend--(don't know what it is yet) Also, if short the pain could get excrutiating ;o) Also, charts too clunky for me, which was my biggest beef.
    Good luck next week, should be ineresting !

  12. I am going to be challenged again this week, Last week i stayed short just in the hope of the words of Adam Hewison. I am on a trial Period right now. Hope the Market Club data pays off for me, right now i am in Hell. Still strong though but in HELL.

Comments are closed.