Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 9/09/2011.
What comes after Greece? The simple answer is disaster!
It seems inevitable that Greece is going to default, and who can blame them? The Germans don't want to put any more money into this disaster and now they are circling the wagons to protect their own banks.
If the politicians knew anything about trading, they would have cut their losses on Greece a long time ago. We have ranted about this dysfunctional country in the past. Greece cannot be considered in the same league, as powerhouse countries like Germany or France. Both those countries actually have economies that work for the most part. Greece on the other hand, is all about the Acropolis, ouzo and other Greek wonders from the past. There is nothing in the future for this country except to default and start all over again. Sooner or later the truth will come out, and the politicians will not be able to kick the can down the road any longer.
Let's go take a look at the markets and see how we can preserve and protect and grow your wealth in 2011.
S&P500: Change for the week: - 1.68%
Monthly Trade Triangles for Long-Term Trends: = Negative
Weekly Trade Triangles for Intermediate Term Trends: = Positive
Daily Trade Triangles for Short-Term Trends: = Positive
Combined Strength of Trend Score: = - 60
Silver: Change for the week: - 4.07%
Monthly Trade Triangles for Long-Term Trends: = Positive
Weekly Trade Triangles for Intermediate Term Trends: = Positive
Daily Trade Triangles for Short-Term Trends: = Negative
Combined Strength of Trend Score: = + 55
Gold: Change for the week: - 1.44%
Monthly Trade Triangles for Long-Term Trends: = Positive
Weekly Trade Triangles for Intermediate Term Trends: = Positive
Daily Trade Triangles for Short-Term Trends: = Negative
Combined Strength of Trend Score: = + 85
Oil: Change for the week: + .63%
Monthly Trade Triangles for Long-Term Trends: = Negative
Weekly Trade Triangles for Intermediate Term Trends: = Positive
Daily Trade Triangles for Short-Term Trends: = Positive
Combined Strength of Trend Score: = - 60
$ Index: Change for the week: - 3.33%
Monthly Trade Triangles for Long-Term Trends: = Positive
Weekly Trade Triangles for Intermediate Term Trends: = Positive
Daily Trade Triangles for Short-Term Trends: = Positive
Combined Strength of Trend Score: = - 55
CRB Index: Change for the week: - 1.11%
Monthly Trade Triangles for Long-Term Trends: = Negative
Weekly Trade Triangles for Intermediate Term Trends: = Negative
Daily Trade Triangles for Short-Term Trends: = Negative
Combined Strength of Trend Score: = - 90
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As always, we rely on our market proven Trade Triangle technology for catching the big moves.
A SPECIAL PERSONAL NOTE
Our thoughts and prayers go out to the families who lost loved ones in the World Trade Center disaster, ten years ago today,
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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blackjack MAYBE YOU LIVE IN MEXICO AND YOUR LIFE IS LIKE THIS YOU DESCRIBED BUT THIS HAS NOTHING TO DO WITH GREECE.
sciolism IS WORSE THAN Ignorance.
MAC, YOU MUST LEARN THAT IN A RECENT RESEARCH IN THE EUROPEAN UNION ΒΥ LE MONDE
GREEKS WORK MORE THAN GERMAN
GREEKS HAVE 23 DAYS HOLIDAYS A YEAR, LESS THAN THE AVERAGE IN THE EUROPEAN UNION THAT IS 25.4
GERMANS HAVE 30 A YEAR
GREEKS WORK 1816 HOURS A YEAR MORE THAN THE AVERAGE IN THE EUROPEAN UNION THAT IS 1708.
GERMANS WORK 1659
READ LE MONDE. DON'T BE PARROTS. PUT YOUR BRAIN WORK.
In today's world.. you have to work to live. Why should Germans put in a full day to pay for your habits.
If you don't understand this.. you will when your living in poverty in 2 years.
I do not appreciatte the things said about us, the Greeks. Were it not for us you would still be living in caves!
Stupid American Animals!
Greeks start work at 10am
lunch at 12
sleep till 2pm
work until 4pm then finish
then retire at 55 years old
good luck
You have not ranted. You have expressed your opinion in a reasoned way in this case.
What will Greek default mean to the American economy?
Thanks Adam,
I think you meant +3.33 for the US dollar index.
Also sports fans, remember next week is Options-X
so the Big Boyz will be using their high speed computers
to manipulate the futures market.
This will be the second time the Greek culture has failed. How many times does it take before they learn?
The first time, it was a protracted expensive war with Sparta, and a disastrous economy. They turned a blind eye until it was too late. Riots in the streets shows that the Greek in the street just doesn't get it. They have had a free lunch for too long and now the piper is piping for his pay. Sounds familiar.
The NEWS TODAY were GOOD for GREECE a new TAX at the HOMES, more a BIG EFFORT to KEEP at the eurozone, the GERMANY APPROVES new Financial measures for stabilization, and GREECE is o,5% of the EUROZONE, this is an old magic to get DOWN the COMMODITTIES PRICES, and tomorrow at the markets we have better news.
I agree with your comments on Greece, same goes for the other stragglers in the Eu they should
cut them all loose. Cheers
Medium to Long on the $GOLD.
Your headline reads: "Greece is getting market down", which suggests something like "The premarket is heading down because of Greece". I think what you meant (and you may want to correct your headline) is: "Greece is getting marked down", suggesting something like a sale at WalMart. These are VERY different meanings, even though the markdown of Greece may indeed, at some point, mean a meltdown of the markets.