During the past four years the month of July has generally been a positive one for the U.S. stock market. In 2012 the market witnessed its smallest percentage gain of just 1.25% for the month of July. As you can see during the past four years the general trend has been positive for the market in July, but the percentage gains have been decreasing annually since '09. During the month of July, the average gain over the last 4 years has been a very positive 3.34%. With our monthly trade triangles still in a positive mode I expect the month of July to be flat to slightly positive for stocks.
Here are the monthly returns for July, beginning in 2009.
JULY '09 + 7.41%
JULY '10 + 6.87%
JULY '11 - 2.14%
JULY '12 + 1.25%
LAST WEEKS WINNERS AND LOSERS FOR THE WEEK ENDING 7/05/13
BIGGEST WINNERS
Crude Oil +7.08%
NASDAQ +2.09%
S&P500 +.1.59%
DOW + 1.51%
BIGGEST LOSERS
EURO/USD - 1.34%
GOLD -0.47%
CRUDE MAJOR TRADE TRIANGLE TREND - Positive
INTERMEDIATE TRADE TRIANGLE TREND - Positive
SHORT-TERM TRADE TRIANGLE TREND - Positive
RESISTANCE - 105.00
SUPPORT - 98.00
DOW MAJOR TRADE TRIANGLE TREND - Positive
INTERMEDIATE TRADE TRIANGLE TREND - Negative
RESISTANCE - 15,340
SUPPORT - 14,850
S&P500 MAJOR TRADE TRIANGLE TREND - Positive
INTERMEDIATE TRADE TRIANGLE TREND - Negative
RESISTANCE - 1650
SUPPORT - 1600
NASDAQ MAJOR TRADE TRIANGLE TREND - Positive
INTERMEDIATE TRADE TRIANGLE TREND - Negative
RESISTANCE - 3490
SUPPORT - 3400
GOLD MAJOR TRADE TRIANGLE TREND - Negative
INTERMEDIATE TRADE TRIANGLE TREND _ Negative
SHORT-TERM TRADE TRIANGLE TREND - Negative
RESISTANCE - 1266
SUPPORT - 1160
EUROUSD MAJOR TRADE TRIANGLE TREND - Positive
INTERMEDIATE TRADE TRIANGLE TREND _ Negative
SHORT-TERM TRADE TRIANGLE TREND - Negative
RESISTANCE - 1.3000
SUPPORT - 1.2800
Have a great trading day,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
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Dear Adam,
Thanks for providing Very important as well useful information, INO always ahead for providing the best stuff, really I just called INO as a " Traders Darling".