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 everydayAre you following our #1 trading rule?
Here it is ... #1 DON'T FIGHT THE MARKET … MOVE WITH THE MARKET
2 Stocks of the Move Today : DARDEN RESTAURANTS (DRI), AEROPOSTALE (ARO)
MAY'S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500
| CONSUMER GOODS: -0.13% | Biggest Loser GMCR -2.63% |
| SERVICES: -0.09% | Biggest Loser GWW -6.50% |
| HEALTHCARE: +0.19% | Biggest Winner ONXX +3.32% |
| ENERGY: +0.88% | Biggest Winner RES +3.85% |
| TECHNOLOGY: +0.68% | Biggest Winner GRPN +7.57% |
| FINANCIAL: +0.93% | Biggest Winner MS +3.58% |
| INDUSTRIAL GOODS: -0.10% | Biggest Loser FAST -7.87% |
| BASIC MATERIALS: +0.18% | Biggest Winner RTK +4.46% |
| UTILITIES: +0.08% | Biggest Winner DYN +7.54% |
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
correction; same direction as the Primary trend (not Primary wave)
Wave 3 of 3 of an Elliott impulse wave headed in the same direction as the Primary wave.
I'm not trying to be smart___, it's just the truth. Wave 3 of 3 with heavy volume covers the most ground in the shortest period of time, an impulse wave is also the easiest wave section to identify.