Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 30th of July.
For the past 8 Mondays, the market has closed lower for the day. Is this Monday going to make it 9 in a row? If it is, the market will break a record that has stood since 1973.
Last Friday we posted on the Members Blog a chart of the Euro saying that we think that it has topped out. Today's market action sort of confirms that, and we would not be surprised to see this market on the defensive for the balance of the week. Of course we have some big reports coming out this week, but as always we will rely on our Trade Triangle technology to keep us on the right side of the markets.
DAILY PERCENTAGE CHANGES BY SECTOR:
| CONSUMER GOODS: -0.33% | Biggest Loser COH -2.32% |
| SERVICES: +1.57% | Biggest Winner AMZN +7.10% |
| HEALTHCARE: -0.63% | Biggest Loser ISRG -2.85% |
| ENERGY: -0.11% | Biggest Loser EOG -2.48% |
| TECHNOLOGY: -0.84% | Biggest Loser VMW -2.97% |
| FINANCIAL: 0.00% | Biggest Loser JPM -2.17% |
| INDUSTRIAL GOODS: -0.48% | Biggest Loser CMI -2.79% |
| BASIC MATERIALS: -0.07% | Biggest Loser MON -0.98% |
| UTILITIES: +0.76% | Biggest Winner DUK +0.50% |
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology. Click Here to view today's video
Do ou ever go into more detail on how the trade triangles are used ... for example trading the futures markets what and when do you use the long, monthly and weekly triangles and how to you use them? Which are you using for trade entry and exits? It looks easy when you are doing the updates, but based on experience it is never as easy when it comes to actual practice.
Scott,
Here's a video that all of our members have access to that shows you exactly how the Trade Triangles work and how to use them to trade.
Member Video Tutorial
Best,
Jeremy