Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 14th of August.
At the moment there appears to be a lack of conviction by both the bulls and the bears to move this market one way or another. This indecision has also registered in our Trade Triangle technology with many of the major markets now indicating a sideways to mixed trend.
It has been this way for quite some time and I think it is wearing a lot of investors and traders down. Normally, when you have indecision like we are witnessing in the markets they are usually preparing for some big moves later in the year. The big moves may begin after Labor Day, when many traders and investors return from their summer hiatus. Also, it should noted that volume has been extremely light in many of the markets which underscores the lack of participation by both the public and professional traders.
We are also going to be looking at a buy and hold strategy compared to a strategy using MarketClub's Trade Triangle Technology. It's on a major stock that everyone knows. The results may surprise you so stay tuned.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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