Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 18th of June.
While the eyes of the world were glued to the Greek elections, another election took place halfway across the world in Egypt. The outcome of that election could have far greater consequences to Western society than a little country in southern Europe.
I am, of course, talking about the potential for war between the Muslims and the Jews over Israel. This would not be a good thing for anyone. At no time in my career have I seen so many conflicting elements around the world, all of which portend to big changes in the markets.
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3 STOCKS ON THE MOVE TODAY:
The following stocks had monthly buy signals based on our Trade Triangle Technology and liquid volume of over two million shares traded daily.
JOHNSON & JOHNSON (JNJ),UNION PACIFIC (UNP),and PAYCHEX (PAYX).
TODAY'S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500
CONSUMER GOODS: +0.02% | Biggest Winner PAY +5.70% |
SERVICES: +0.27% | Biggest Winner EBAY +3.49% |
HEALTHCARE: +0.48% | Biggest Winner ARNA +9.00% |
ENERGY: -1.56% | Biggest Loser SM -4.85% |
TECHNOLOGY: +0.11% | Biggest Winner GRPN +8.00% |
FINANCIAL: -0.05% | Biggest Loser PRU -2.37% |
INDUSTRIAL GOODS: -0.11% | Biggest Loser TGI -3.76% |
BASIC MATERIALS: -0.03% | Biggest Loser MDR -3.25% |
UTILITIES: -0.27% | Biggest Loser GRH -5.35% |
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
Dear Adam,
Thank you for your very informative market updates I have been reading over the last year or so. I am not a trader as such but follow the markets closely as a hobby. One of the interesting issues you once raised was that of emotion, that that should not play a part in share trading..
I find that hard to actually do as emotions play such a large part in our lives. Living without emotions would turn our lives into a colourless experience.
I can sense there is a lot of emotional feelings in your messages as well, especially when you talk about your trading triangles, and what they can do for you. At times I feel that you are so influenced by them that you, when trends are up you tend to emphasise that we are off to the races, (eg the oil market late last year) or when trends are down, you believe the market will roll over ( eg the S&P late last year and also more recently). Also if I were a Greek I would not appreciate some of the remarks I read. It is difficult to ignore National Pride most people have in their country even though this country has made many mistakes. There are many people around the world who say that all our problems had their origin with the banking crisis in America, and feel to place all the blame on Greece or on Europe is not fair.
It is the same when the government in America is being critisiced, because most probably 50% of Americans will agree or disagree. That could be 50% of your p[otential customers.
I would think that when you predict when a market most probably will roll over, you were to say that "however if the maket does this, then it could go to this or that, this will give your followers at least a choice in what to look out for.
I hope youn will take my comments as they are intended for improving your daily messages.
Kind regards
Konrad