Hello MarketClub members everywhere. I believe that the market is stressing out.
That's my take on what's going on right now in the market.
The Trade Triangles have indicated for seven weeks that the market was in fact in a state of uncertainty. That remains true today just as it did seven weeks ago.
Let's move on; it's Friday and the big winner for the week is Crude Oil which is up 3.54% for the week. The big loser for the week so far is gold which is down 4.86%. Let's examine how the Trade Triangles are positioned on both of these markets.
Crude Oil: All Trade Triangles are Green - indicating a long position.
December Gold: All Trade Triangles are Red - indicating a short position.
Once again, MarketClub's Trade Triangles point the way to successful trading. If you are not tracking the Trade Triangles, you may decide to do so after looking how they are positioned in many of the markets.
Looking at the major indices here are the changes so far this week (Thursday Closes):
DOW (INDEX:DJI): -0.37%
S&P 500 (CME:SP500): -0.67%
NASDAQ (NASDAQ:COMP): -0.35%
Crude OIL (NYMEX:CL.X16.E): +3.54%
Gold (NYMEX:GC.Z16.E): -4.86%
Stay focused and disciplined.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
