Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 29th of March
Now, let’s analyze the major markets and stocks on the move using MarketClub’s Trade Triangle Technology.
This is Adam Hewison for MarketClub wishing you every success in trading. Tune in tomorrow for mid-day update from Utah!
Adam Hewison
President INO.com and co-founder of MarketClub.com
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follow up on TBT: It went pretty much straight up when it went through its exponential 20 day moving average today closing at 20.46, i tic off its high.
Adam mentioned that they were training on options at the conference. Last time I checked MarketClub didn't have an options strategy using the trade triangles...is this something new?
Purespin,
It was an optional class at the seminar taught by another person. MarketClub still doesn't include Stock Options at the present time.
Best,
Jeremy
I hope I am correct about interest rates going up to fuel another up leg to this bull equity market. The ZB.M12 has weekly and monthly triangles both red, with TBT having correspondingly Green weekly and monthly triangles up. TBT came back down undercutting its exponential 20 day moving average which is a good set up for a rally, if it goes back up through it. Call options on TBT may be worth a look, if so. The fly in the ointment is the Fed's stated policy of accommodation, the CRB selling off suggesting inflation is no worry, or perhaps China is imploding. We'll see...
Why doesn't MDRX show up in the recent trade triangles when I search for new ones under "Equity", "Monthly trade triangles", and "Search back three days"?
Wndmill22,
If stock XYZ has not been scanned by a member, issued as a portfolio alert, or has fallen off of member interest, it will be dropped from the list.
If you do a scan for a monthly “Trade Triangles” today, you’ll see symbols where a monthly triggered on today’s date. This symbol will also show up on all longer term scanning time frames as well (i.e. past three days, past week, past month).
If we search today for new triggers, it will only show the “Trade Triangles” triggered on 3-29-12, but the other scans will still show today’s batch plus the older ones from previous days.
Once a “Trade Triangle” is issued, it will stay on the list until it gets past the 30 days, at which point it will get dropped off the list.
With that being said, the list will drop off symbols if they are not scanned by a MarketClub member within a reasonable time frame.
If stock XYZ has not been scanned by a member, issued as a portfolio alert, or has fallen off of member interest, it will be dropped from the list.
Hope this sheds a little light on the subject of the recent “Trade Triangle” list.
Best,
Jeremy
If everything you stated above is true then MDRX which was shown in the video as having a RED MONTHLY TRIANGLE issued on 3/29, should show up when I scan for monthly signals from the last three days, last week, or yesterday. The problem is that it doesn't show up at ALL in ANY of those timeframes.
In the Market Club's mid-day update, the viewing area to the left is too small - am I missing something?
Ed,
I'm sure what you are referring to, but you can blow the video up to fullscreen if you hover over the video. This weeks videos are little smaller than usual as Adam is offsite.
Best,
Jeremy