Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 2nd of July.
A surprise announcement out of the European summit pushed the market higher on Friday. It was also the end of the week, the end of the month, and the end of the quarter. For Q2 most of the markets were down, including the equity markets. We think that's an important element to look at. We still believe the trend is down and intact and that Friday was more of a short covering rally.
2 STOCKS ON THE MOVE TODAY:
The following stocks had monthly BUY signals based on our Trade Triangle Technology and liquid volume of over one million shares traded daily:
ARMOUR RESIDENTIAL REIT (ARR) New Monthly Trade Triangle @ 7.10
SUNTRUST BANKS (STI) New Monthly Trade Triangle @ 24.83
TODAY'S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500
| CONSUMER GOODS: -1.18% | Biggest Loser GT -3.59% |
| SERVICES: +0.07% | Biggest Winner RCL +9.91% |
| HEALTHCARE: +0.55% | Biggest Winner AMLN +8.95% |
| ENERGY: -0.30% | Biggest Loser WPX -4.69% |
| TECHNOLOGY: -0.27% | Biggest Loser GRPN -7.50% |
| FINANCIAL: -0.18% | Biggest Loser LNC -3.26% |
| INDUSTRIAL GOODS: -0.75% | Biggest Loser FAST -3.39% |
| BASIC MATERIALS: -0.71% | Biggest Loser AKS -3.19% |
| UTILITIES: -0.18% | Biggest Loser YORW -1.61% |
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
Have been thinking about becomeing a member. I don't know much about trading but I have started a few month ago trading forex. I alredy have an account but I'm not doing any good. I see that you mostly show about stock and i want to know if you show just about the same about forex? Is it recomended to go with a certain broker? My account is small because I don't have that much money and forex don't need to have a big account and of course I have to make small trades.
Ovidio,
Below you will find our strategy for trading Forex with MarketClub.
Forex -
Weekly Triangles determine trend and possible entry points.
Daily Triangles determine timing: exits, entries and re-entries.
The last triangle issued on the weekly chart should always be used to identify the overall trend. You can also use the weekly triangle as a potential entry point if you can get into the market within the last 3 trading days of the signal. Then you are to look at the daily triangles for possible exit and re-entry points, or entry points if your weekly is in a steady trend.
Key Rule: always trade with the trend. Make sure your weekly and daily triangles correspond in direction.
I encourage you to take a trial and see what it's all about. Click here
Best,
Jeremy
Q3 is allways critical, and allmost financial crisis are found in this period, as specially, month of september, the last month of q3 is more danjourus, so it will be interesting to watch that what will be happened this time.
Rasesh Shukla - India