Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 29th of November.
POWERBALL WINNERS NEED NOT APPLY!
I consider myself very lucky that I did not win the lottery last night. First off, I didn't even buy a ticket. Secondly, the odds are astronomically against any one person winning. If you are like me, you like to have the odds on your side. That's why I like Trade Triangle technology. If you want to see some great returns, look no further than MarketClub's World Cup Portfolio. Five years of solid double and triple digit returns* in a simple portfolio that anyone can manage. The signals are available the night before for all MarketClub members.
You only have to look at the recent moves in the markets to see that MarketClub's Trade Triangle technology works.
* The results are simulated and not actual market trades which would include commission costs, slippage.
ARE STOCKS A BUY, SELL, OR HOLD?
Listening to the pundits on CNBC and Bloomberg, you have a cup that is half empty or half full. So what are stocks really going to do in the future? For sure they going to be volatile, but they will offer some great trading opportunities both on the upside and the downside. The key, in our opinion, is to go with the line of least resistance, whether that line is up or down. In other words, go with the flow. All too often you see investors trying to fight the tape. One of the keys to successful investing is to have a series of relationships with stocks that can last anywhere from a few weeks to a few months to a few days. Never get married to a stock forever!! That is the type of market environment that I believe we are currently in, and will be for the foreseeable future.
SILVER SHINES TODAY
There is no doubt about it, silver is leading the way in the metals on the upside. Our Trade Triangle technology gave a near-term buy signal today on silver at $34.28 for short and intermediate-term traders. We still believe this market is going to trade up to $35 an ounce.
CRUDE OIL FLASHES A SHORT-TERM BUY SIGNAL TODAY
Crude oil moved to his best levels in seven days and doing so flashed a short-term buy signal at 88.29. Generally speaking, the crude oil market is in a trading range between $90 on the upside and $86 on the downside. We expect this impasse will be resolved in the not-too-distant future with the odds favoring the upside.
Now, let's go to the markets and see what our Trade Triangles are indicating.
Have a great trading day,
Adam Hewison
Founder & President INO.com and co-founder of MarketClub.com.
..........stocks except gold stocks rather sooner than later will be cut in half and even more.For heavens sake get out of paper assets and buy gold as long as it is available.Martin
No BS please !