Hello fellow traders everywhere, Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 3/23/12.
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SECTOR SCORECARD Weekly Changes
CONSUMER GOODS: +0.30%
SERVICES: +0.86%
HEALTHCARE: +0.20% This week's big winner MAKO + 13.67%
ENERGY: -2.08%
TECHNOLOGY: +0.13%
FINANCIAL: -0.04%
INDUSTRIAL GOODS: -1.66%
MATERIALS: -0.40%
UTILITIES: +0.11% This week's big loser DYN - 23.59%
#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: Emerging Trend
*MARKETCLUB TREND SCORE: +75
CHANGE FOR PAST WEEK: - 0.50%
OUTLOOK FOR COMING WEEK: Mixed
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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: Trading Range
*MARKETCLUB TREND SCORE: -60
CHANGE FOR PAST WEEK: -1.01%
OUTLOOK FOR COMING WEEK: Mixed to Lower
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See suggested SILVER trading instruments HERE.
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Here is an amazing offer from Adam Hewison that you won't want to miss!
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GOLD (SPOT) Video
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CURRENT MARKET TREND: Strong Down Trend
*MARKETCLUB TREND SCORE: -85
CHANGE FOR PAST WEEK: -0.04%
OUTLOOK FOR COMING WEEK: Mixed to Lower
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See suggested GOLD trading instruments HERE.
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COPPER (MAY CONTRACT) Video
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CURRENT MARKET TREND: Trading Range
*MARKETCLUB TREND SCORE: -60
CHANGE FOR PAST WEEK: -1.79%
OUTLOOK FOR COMING WEEK: Mixed
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See suggested COPPER trading instruments HERE.
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This is a first time offer from MarketClub
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CRUDE OIL (MAY CONTRACT) Video
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CURRENT MARKET TREND: Emerging Trend
*MARKETCLUB TREND SCORE: -70
CHANGE FOR PAST WEEK: -0.73%
OUTLOOK FOR COMING WEEK: Mixed
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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: Trading Range
*MARKETCLUB TREND SCORE: +55
CHANGE FOR PAST WEEK: -0.58%
OUTLOOK FOR COMING WEEK: Mixed
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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: -70
CHANGE FOR PAST WEEK: -1.12%
OUTLOOK FOR COMING WEEK: Mixed
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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 from Salt Lake City, have a great weekend.
I don't think SPX will visit 1550 - 1600 in short term as Adam predict. If economy is really good, then commodity should go up, such as copper and oil, as demand up, and inflection should be up too. But I don't see those.
On the other hand, VIX is so low, meaning market won't go up a lot in short term.
Looks like, from the trade triangles, that anything having to do with commodities is pretty well sunk. China and Europe did what inflation couldn't - but, just maybe Israel will solve the commodities price problem and show the truth about inflation!