Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 30th of May.
#1 Pro Trading Tip: DON'T FIGHT THE MARKET … MOVE WITH THE MARKET!
DailyXchange
Here is your opportunity to share charts, markets, and what you are seeing with our Trade Triangle technology or any other technical indicators with your fellow MarketClub members. So post and prosper!
TODAY'S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500
| CONSUMER GOODS: | Top Stock PAY +3.59% | Bottom Stock HAR -4.08% |
| SERVICES: | Top Stock EXPE +2.76% | Bottom Stock SHLD -7.39% |
| HEALTHCARE: | Top Stock VRTX +3.36% | Bottom Stock THRX -5.98% |
| ENERGY: | Top Stock CPNO +2.57% | Bottom Stock SD -5.50% |
| TECHNOLOGY: | Top Stock FTR +1.45% | Bottom Stock GRPN -4.89% |
| FINANCIAL: | Top Stock SLM +2.95% | Bottom Stock CBG -3.16% |
| INDUSTRIAL GOODS: | Top Stock RTN +1.55% | Bottom Stock TEX -5.98% |
| BASIC MATERIALS: | Top Stock MON +3.71% | Bottom Stock VHI -7.76% |
| UTILITIES: | Top Stock DYN +7.40% | Bottom Stock ADGE -3.44% |
BEAR IS BACK???? TELLS ME WHAT YOU UNDERSTAND - NADDA.
Geez Adam you're back. We thought you were going to go into hiding until we had all forgotten about your triangles saying 1500+ in the S&P by May/June.
or are you still sticking with that scenario???
No I wasn't hiding, I just got back from vacation:-)
Since I was away for almost the entire month of May I see that practically all the markets have changed direction along with our trade triangles. That's what I always say in my videos, you can have targets, but when things change you have to change with the market. It is very very important to do that, "move with the markets don't fight markets".
All the best,
Adam
20% DECLINE DEFINES A BEAR MARKET - 5-10% IS CORRECTION -
I REMEMBER BACK IN EARLY 2009 YOU ALSO "PREDICTED" 500 ON S&P - WRONG THEN, WRONG NOW. GUESSING IS NOT THE NAME OF THE GAME- READ BOB BRINKER NEWSLETTER - ONE OF THE SMARTEST ON MARKETS, ECONOMY AND GENERAL ON THE PLANET.