Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 31st of May.
DailyXchange
Post and prosper right here with other MarketClub members everyday.
Did you follow our #1 trading rule in May?
#1 Pro Trading Tip: DON'T FIGHT THE MARKET … MOVE WITH THE MARKET
MAY'S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500
CONSUMER GOODS: -0.23% | Biggest Loser GMCR -43.98% |
SERVICES: +0.66% | Biggest Loser JCP -19.05% |
HEALTHCARE: +2.27% | Biggest Winner VRTX +63.48% |
ENERGY: -4.65% | Biggest Loser LUFK -20.02% |
TECHNOLOGY: -2.61% | Biggest Loser ZNGA -25.97% |
FINANCIAL: -1.32% | Biggest Loser PRU -17.73% |
INDUSTRIAL GOODS: -1.55% | Biggest Loser TEX -23.04% |
BASIC MATERIALS: -5.82% | Biggest Loser TC -34.57% (Losing Sector) |
UTILITIES: +4.68% | Biggest Winner ADGE +25.20% (Winning Sector) |
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology. Click Here to view today's video
Welcome back Adam!
What happened to the Huge energy field in Crude Oil and your CONVICTION Crude Oil was going above 120 by May or June?
Grateful if you could honestly share your thoughts on this 'Technical Analysis" (based on the trade triangles).
Thanking you in anticipation
Mo Charfeddine
You have to hand it to Adam and the Trade Triangles, they called the crude oil market in May. Are you listening?
Adam didn't call anything in May. He was gone.
I agree that May was a great month IF you followed the RIGHT triangles. I was, and still am in the VXX and SDS . With that said, there are so many stocks/ETFS out there, and picking the right one with the appropriate triangles is not always easy.
Any chance Adam would be will to share with members his buys and sells as he enters and exits trades? His professional trading experience teaches us so much !
There are so many other technical signals that come into play to make sure when the triangles go on, we are not getting a false signal.
I am currently going thru the one on one coaching program, and am learning alot - Great program. But stock/ETF selection still seems to be one of the most critical items in having a successful trade - it is just picking the ones that have the best potential to be a home run, and entering the trade at an optimal time- before the run.
Also, it seems the Perfect R portfolio is no longer working as a balanced portfolio . Any thoughts in making changes to that portfolio to make it more balanced? (possibly including bonds as a hedge against stocks?)
"The right triangles", well said Barb. Of coarse there are always a few of those around. I had the wrong ones.
"May was a great month if you followed our Trade Triangles". Your headline makes a bold claim.
I need to dig deeper to establish this claim. Is this based on cherry picked trade triangles or are you basing this on the total number of new trade triangles generated during the month of May? Of this total number what are the winning & loosing percentages?
also, since it is not practical to trade more than a select few positions at a time, how do you narrow down from all signals generated, to say 2-3?
thanks, adi
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