Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 10th of October.
Today, I want to talk about finding winning trades using some tools that you have at your disposal 24/7 with MarketClub. The Trade Triangle technology can help you spot winning trades and major trend changes in over 375,000 symbols. The symbol list includes all stocks here in the US, Canada, and Australia, as well as futures, Forex, and precious metals.
In today's video, we will be examining in more detail how you can implement our Trade Triangle technology in your own trading and how easy it is to use.
QUICK TAKE ON THE MARKETS:
EQUITIES: Treading water. The trend is your friend and we are sticking to this market's major trend according to our Trade Triangle technology. We have an upside target of $1,550 on the S&P 500 sometime next year.
CRUDE OIL: The long-term trend is positive for crude and the intermediate-term trend remains negative, but is close to reversing based on our Trade Triangle technology. Watch this one closely.
EURO: Treading water. Watch the 1.2800 level. Two of our Trade Triangles are green and are bullish for the Euro.
GOLD: Rolling over or resting? Two of our three Trade Triangles are green and are bullish on gold.
COPPER: Watch the $3.70 level. Two of our three Trade Triangles are green and are bullish on copper.
SILVER: Treading water, but watch the $33.50 level for support. Two of our three Trade Triangles are green and are bullish on silver.
WILD CARDS: Here are the usual suspects: Syria, Turkey, Israel. A super close general election, "the Fiscal Cliff", and lets not forget Europe.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
