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. Continue reading "Daily Video Update: Is Monday going to be 9 in a row?"