Hello MarketClub members everywhere. Last week major indices were all lower, the question this week is, are we going to see the indices the Dow (INDEX:DJI), S&P 500 (CME:SP500) and NASDAQ (NASDAQ:COMP) close higher or lower for the week? I thought we would do a poll for members and see what you think of the market.
Loading ...In today's video update, I'll be sharing with you, some key points that I believe should be watched in all the major indices and also in gold (NYMEX:GC.Z16.E) and crude oil (NYMEX:CL.Z16.E).
This week marks the final debate between Donald Trump and Hillary Clinton and I'm waiting to see how this event is going to shake out in the markets. We also have corporate earnings as well as the Fed to contend with this week. As always I will rely on the Trade Triangles because over the long run they beat everything else.
Stay focused and disciplined.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
My Vote for higher is short term - The election is still too close to call so there is NO WAY they will let this market start falling going into the election {Caveat - external issues ie: brexit related etc....) so I think we'll see the market higher than today, but mostly trading range maybe a little higher until very early November, then decline. I know of many people expecting a significant decline, but that remains to be seen. There's some pretty strong support around the
SPX 2K level. Let's consider about a rate hike also - it's said the market's putting 60% probability on that, I think more is already priced in. The only thing that could change is if something upsets the apple cart between now and then a rally will ensue.