Weekend Wrap Up: Apple hits $600 and the S&P500 index closes over 1,400. What's next?

Hello fellow traders everywhere, Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 3/16/12.

Last week was a strong move for the equity markets and gold slipped to ten week lows. Despite rumors of releasing strategic oil reserves the oil market closed practically unchanged for the week.  The metals were lower for the week and look to be on the defensive for the balance of the month.
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SECTOR SCORECARD  Weekly Changes

CONSUMER GOODS: + 1.05%
SERVICES: + 1.59%
HEALTHCARE: +0.18%
ENERGY: + 0.25%
TECHNOLOGY: + 2.40%
FINANCIAL: + 4.25%
INDUSTRIAL GOODS: + 2.47%
MATERIALS: + 2.25%
UTILITIES: - 0.38% <<<<< Only sector lower for the week

#1 Pro Trading Tip: DON'T FIGHT THE MARKET … MOVE WITH THE MARKET

Now,let's go to the weekly charts and MarketClub's Trade Triangle Technology.

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S&P500 INDEX Video
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CURRENT MARKET TREND: Strong Bullish Trend
*MARKETCLUB TREND SCORE: +90
CHANGE FOR PAST WEEK: + 2.42%
OUTLOOK FOR COMING WEEK: Higher
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See suggested S&P 500 trading instruments HERE.
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SILVER (SPOT) Video
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CURRENT MARKET TREND: Emerging Downside Trend
*MARKETCLUB TREND SCORE: -70
CHANGE FOR PAST WEEK: - 5.09%
OUTLOOK FOR COMING WEEK: Mixed to Lower
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See suggested SILVER trading instruments HERE.
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GOLD (SPOT) Video
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CURRENT MARKET TREND: Strong Down Trend
*MARKETCLUB TREND SCORE: -90
CHANGE FOR PAST WEEK: - 3.12%
OUTLOOK FOR COMING WEEK: Mixed to Lower
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See suggested GOLD trading instruments HERE.
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COPPER (MAY) Video
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CURRENT MARKET TREND: Emerging Up Trend
*MARKETCLUB TREND SCORE: +75
CHANGE FOR PAST WEEK: + 0.49%
OUTLOOK FOR COMING WEEK: Mixed
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See suggested COPPER trading instruments HERE.
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You might find this of interest to you. Click here for more free info
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CRUDE OIL (APRIL CONTRACT) Video
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CURRENT MARKET TREND: Trading Range
*MARKETCLUB TREND SCORE: +60
CHANGE FOR PAST WEEK: - 0.16%
OUTLOOK FOR COMING WEEK: Mixed to Higher
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See suggested CRUDE OIL trading instruments HERE.
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US DOLLAR INDEX (SPOT) Video
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CURRENT MARKET TREND: Strong Up Trend
*MARKETCLUB TREND SCORE: +90
CHANGE FOR PAST WEEK: - 0.29%
OUTLOOK FOR COMING WEEK: Mixed to Higher
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See suggested DOLLAR INDEX trading instruments HERE.
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REUTERS/JEFFRIES CRB COMMODITY INDEX (SPOT) Video
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CURRENT MARKET TREND: Emerging Trend
*MARKETCLUB TREND SCORE: +80
CHANGE FOR PAST WEEK: + 0.11%
OUTLOOK FOR COMING WEEK: Mixed to Higher
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See suggested REUTERS/JEFFERIES CRB COMMODITY INDEX trading instruments HERE.
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* HOW THE MARKETCLUB TREND SCORE SYSTEM WORKS: (Trading Range 50 – 65) : (Emerging Trend 70 – 80) : (Strong Trend 85 – 100). A plus or minus sign before the number indicates the possible future direction for the week.
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This is  Adam Hewison for MarketClub, I'll see you Monday, have a great weekend.

5 thoughts on “Weekend Wrap Up: Apple hits $600 and the S&P500 index closes over 1,400. What's next?

  1. Jose, you are absolutely correct in your comments. I guess there are many others like you (me included) who are still wondering what the next moves in the market will be. Short term may be slightly more predictable, but for the longer-term, who really knows??? Suffice to say that we should always be mindful of the adage........"The Market Is Always Right". All the best in your trading/investment efforts.

    Roy

  2. After following your commentaries over the previous months I thought that the Greek crisis, debt, etc (which you emphasized was a brewing storm so strongly not many months ago) would be dragging us under. In particular, your disdain for government monetary intervention into the economy. What happened to your prediction?

    1. Adams prediction is valid. It is not "if" but "when" the financial world as we know it will come apart. The devaluation(printing) of our currency, and the negligible interest rates on our savings is wiping out the middle class, including the fastest growing segment of society, the over 65 club. History from Roman times to date tells us there is no free lunch. Sooner all later the bills come due, and when we can't borrow anymore, then what?

      1. Mike, it's very simple, when the bills come due and we can't borrow anymore, we start war in the name of Humanitarian Intervention.

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