S&P 500 Alert!!

Posted on by The INO.com Team

Intermediate-term traders exited long position on a RED Weekly “Trade Triangle” @ $1,302.42 today and remain neutral for now.
Long-term traders hold long positions.

If you are not yet a member of MarketClub and following our Trade Triangle technology see what you are missing here

32 thoughts on “S&P 500 Alert!!”

  1. The only reason why the stock market has been going up is the level of interest rates. Rates are so low that people don't know what to do with their money. Would you buy a one year CD at 1.00%? We have extreme Bullish Sentiment also. Whenever we have seen Bullish Sentiment over 60% an eventual crash is a certainty. It's only a matter of time - the market will collapse and take no prisoners.

  2. Hey Adam, I love reading your comments. What determines the difference between an Intermediate-term trader who has a red triangle at this point, and a Long-term trader who should hold long positions? I'm in an aggressive 401K position and feeling the pain right now. Thanks again!

    1. Kevin,

      It depends on the market and the trader/investor. Long-term can mean using just the weekly or monthly Trade Triangles. There really is no defined rules. For the most part we are recommending a sideline position in the S&P500 right now.

      Thanks,
      Adam

  3. IM PRETTY NEW TO MARKET CLUB,BUT WHAT IVE SEEN SO FAR HAS BEEN PRETTY INPRESIVE
    EVEN IF YOU LOOSE SOME. IF I WON ALL THE TIME I WOULDNT NEED MK.
    JUS FOOD FOR THOUGHT , IMO, THE DOW AND S N P MAY LOOSE 20 % BY THE TIME OBAMAS DONE

    1. William,

      Good question.

      It will depend in where the markets are, and at what level they are trading at.

      Thanks,
      Adam

  5. Next wed. i think we find out if the fed stops QE 2 if this happens watch the metals and the dollar. easy money in metals and commod. cant go forever

  6. Ref MKS - The colored beads (triangles) are arithmetically based guidance tools. The comments by Adam are based on decades of experience. Caution with the SPY trade triangles has been put forward by Adam over the past 10 days or so. What are you paying for - blind aherance to trade triangles or Adam's extensive insight? In my opinion it is a healthy mixture of both.

  7. MKS is simply asking for symetry. Report losing postions with same format as winning. Some like me unsubscribed when I found even subscibers were given asymetic commentary.

  9. The trade triangles are signals for guidance, based on fairly straightforward arithmetic. Likewise the comments of Adam are for guidance but based on decades of experience. Adam has consistently (over the past 10 days or so) urged caution w.r.t. the SPY trade triangles. This caution coincided with my judgment (pure coincidence as I would in no way claim to have Adam's insight)and I actually sold CALLs on the SPY. Moral? I believe your insight Adam, is more important than your triangles.

  14. that is a pretty good hit 20 points is too big of risk ,use stops according to your situation and then only take trades that risk fits your personal limits.

  15. If it breaks down below 1300-ish the next major support is 1250. Getting out now could be a good move if this thing trends lower for a while.

    BUT, what a jump in Gold and good run up in Silver!

  16. All 3 indexes have nasty looking charts, bearish STOCH & bearish MACD. Yet VIX is low and nobody seems to be concerned with selling, even with the 1st ever negative S&P rating on US debt. Craziest thing I have ever seen.

  17. Adam, you seem to have forgotten about us in Austrarlia...Where are YOU! Are you still going to cover ASX anytime soon?

  18. MKS is simply asking for symetry. Report losing postions with same format as winning. Some like me unsubscribed when I found even subscibers were given assymetic commentary.

    1. Graham,

      Not sure I understand you comment. We reported a losing position today in the S&P 500.
      We have never claimed that our "Trade Triangle" technology was 100% correct.

      Adam

  19. Adam,
    Where can I locate reading material on strategies such as "52 week high", or indicators like Donchian Channels, and other that you regularly refer to? I looked for them in the Blogroll but have not found them there. Thanks for the attention.

  20. Adam- which of the tutorials explains the significance of each component of the score system? And is there a way to review the score from a prior time period? Thanks.

    1. Jim,

      At the present time we do not have historical data for our score indicator. We do not offer at this time a educational doc explaining every part of our proprietary indicators.

      All the best,
      Adam

  21. Adam,

    is that a report of how your S&P trading has been working in your “Perfect Portfolio”?
    in that case, I'm looking forward seeing that (published here) or watching it (in your videos) as soon as its ready.

    Regards
    MKS

    1. MKS,

      We are putting the finishing touches to the updated "Perfect Portfolio" report which should be available in the next day or so.

      Adam

  22. Some folks are never satisfied. If you are accustomed to winning every trade, then you would not need MarketClub in the first place. From one friend to another: please guard against being penny-wise and dollar foolish. After 13 years of enjoying the market through pain and gain- MarketClub is the best thing that has ever happened to me. Thanks, Adam and all of the Staff!

  23. Plan the work and work the plan...the plan is to follow triangle signals as they have proven more reliable than my gut!

  24. Hi Adam,

    both your weekly/daily trade triangles gave green/buy signal at 1327/1321 recently and now that weekly has turned red at 1302 isnt that a Loosing trade?
    not everyone has jumped on the S&P market since the monthly green/buy signal!!!

    Regards
    MKS

    1. MKS,

      You are correct that last trade represents a losing trade.

      Overall 2011 so far has been pretty good for trading the S&P 500. We are working on the Q1 numbers now for our "Perfect Portfolio"

      Thanks,
      Adam

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