Daily Video Update: A rally in a bear market or a major reversal?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 5th of June.

DailyXchange
Post and prosper right here with other MarketClub members everyday. Are you following our #1 trading rule?

Here it is ... #1 DON'T FIGHT THE MARKET … MOVE WITH THE MARKET

3 Stocks on the Move Today: AMERICAN ELECTRIC POWER (AEP), SARA LEE (SLE), and MATTRESS FIRM HOLDINGS (MFRM).

MAY'S MARKET MOVING SECTORS and STOCKS:

Percentage changes in stocks are relative to the S&P 500

CONSUMER GOODS: +0.01% Biggest Winner GMCR +4.50%
SERVICES: +0.31% Biggest Winner ULTA +9.83%
HEALTHCARE: -0.28% Biggest Loser EW -3.07%
ENERGY: +1.16% Biggest Winner KOG +7.08%
TECHNOLOGY: +0.50% Biggest Winner BAC +6.05%
FINANCIAL: +0.93% Biggest Winner MS +3.58%
INDUSTRIAL GOODS: +0.56% Biggest Winner TEX +5.73%
BASIC MATERIALS: +1.06% Biggest Winner SLCA +10.00%
UTILITIES: -0.89% Biggest Loser AMID -4.29%

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

5 thoughts on “Daily Video Update: A rally in a bear market or a major reversal?”

  1. Hi Adam & Jeremy thanks for the video,

    I noticed on the S&P you can make a trend line from May 1/2012 to the present close, the 20 day SMA lines right up with the trend line. The markets may have a hard time going over this resistance area; I’m thinking we’ll have a down day or a Doji day tomorrow. Time will tell 😉

  2. A bull move like today would certainly peg the start of a strong sustainable rally. But when they come after the major indexes have traced out five waves down from their April-May highs, I see that as only part of the bear-market rally. A counter-trend rally that will carry back to the wave 4 highs or the 50% retracement. Then extend down to new lows.

  3. Question for Adam - third paragraph states: "Here it is … #1 DON’T FIGHT THE MARKET … MOVE WITH THE MARKET"
    But, you said you bought AEP TODAY (in uptrend) - if the market is in downtrend, are you fighting the market?

    Thanks

  5. YET another fictitous "Rally" - [is EVERYTHING "FIXED " OVERNIGHT??!!] - based on AIR to sucker in chump would be investors and gambling traders to "The Big Wall Street Casino" by the "Big Money Boys" to take to "The Cleaners" as many of them as they can. What a show!!!
    P.S. Hang on to your GOLD, silver (and other precious metals) if you have them. If NOT, GOOD LUCK TO YOU!!

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