Did you ever have your mom or grandmother tell you not to put all of your eggs in one basket?
Well it turns out they were right. Grandma, knew a great deal about the power of diversification and how it reduces risk both in business and in trading.
Continue reading "Grandma and McDonald's were right and grandma was one heck of a trader!"
Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 10/14/11.
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The occupation of Wall Street continues, this rag tag movement has grown to include other cities and has now spread itself around the world. However, this unforeseen danger was not enough to dampen the spirits of Wall Street, as the equity markets put in one of their best weekly performances for the year.
So how can we best characterized last week's trading. What stands out in my mind, it was one of the lowest volume weeks in the equity markets for the year. Having said that we saw the DOW move up 4.87%, the NASDAQ jump 7.58% and finally the S&P 500 gained 5.98%.
The clear leader was the NASDAQ which was led by big gains in the stock of Apple (AAPL) and Google (GOOG).
The metal markets also moved higher with gold up a positive 2.61%, and silver scratching out a modest gain of 1.03% for the week.
Last week the dollar took it on the chin, dropping 2.72%. The move reflected thoughts that Europe was finally getting its act together. Europe continues to be a big question mark in my mind. It remains to be seen, if this is just the opening act, or the final act.
Crude oil prices jumped 4.85%, which in turn pulled the Reuters/Jefferies CRB Commodity Index into positive territory with an impressive gain of 4.41% for the week.
The big news for this week at least on Monday, will be the earnings announcement from Citi (C)and Wells Fargo & Co (WFC). This could really set the trend for the financial markets for the rest of the week. Bank of America (BAC) and Goldman Sachs (GS) report on Tuesday and Morgan Stanley (MS) is expected to give its quarterly report on Wednesday.
It's going to be an interesting week. Oh, and let's not forget that Apple (AAPL) reports quarterly earnings after the close on Tuesday.
So stay tuned.
Now let's go to the 6 major markets we track and update every trading day and see how we can create and maintain your wealth in 2011.
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S&P500 INDEX
Change for the week: + 5.98%
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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 = + 70
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Suggested Trading Instruments for this INDEX
Non Leveraged ETF's: (Long SPY) (Short SH)
2 x Leveraged ETF's: (Long SSO)(Short SDS)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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SILVER (SPOT)
Change for the week: + 1.03%
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trend = Negative
Daily Trade Triangles for Short-Term Trends = Negative
Combined Strength of Trend Score = - 100
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Suggested Trading Instruments for SILVER
Non Leveraged ETF's: (Long SLV) (Short the ETF SLV)
Leveraged ETF's: (Long AQG) (Short ZSL)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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GOLD (SPOT)
Change for the week: + 2.61%
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Monthly Trade Triangles for Long-Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 65
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Suggested Trading Instruments for GOLD
Non Leveraged ETF's: (Long GLD) (Short the ETF GLD)
Leveraged ETF's:(Long UGL) (Short GLL)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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CRUDE OIL (December)
Change for the week: + 5.06%
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 55
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Suggested Trading Instruments for CRUDE OIL
Non Leveraged ETF's: (Long USO) (Short the ETF USO)
Leveraged ETF's: (Long UCO) (Short DTO)
Futures: Call your broker
Options: Call your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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US DOLLAR INDEX (SPOT)
Change for the week: - 2.72%
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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 = + 100
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Suggested Trading Instruments for the US DOLLAR INDEX
Non Leveraged ETF's: (Long UUP) (Short UDN)
Non Available Leveraged ETF's: (Long -) (Short -)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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REUTERS/JEFFRIES CRB COMMODITY INDEX (SPOT)
Change for the week: + 4.41%
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 55
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Suggested Trading Instruments for the REUTER/JEFFRIES CRB COMMODITY INDEX
Non Leveraged ETF's: (Long CRBQ) (Short the ETF CRBQ)
Leveraged ETF's: (Long UCO) (Short CMD)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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MARKETCLUB ONE-ON-ONE PERSONAL COACHING
This weekend, I would like you to ask yourself this question, IS PERSONAL COACHING RIGHT FOR ME?
Give us a call at 877–219–1482 for a free consultation and find out if personal coaching is right for you.
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This is Adam Hewison for MarketClub.
See you Monday, have a great weekend.
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Did anyone see this week’s reversal coming?! After about 6 straight weeks of a downtrend, the DOW alone went up 600 points!
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Congratulations to our contest winners in their close predictions of the DJI and DX closing positions ending QE2 on June 30th, 2011.
Here is a little bit about our winners:
Andrew G.from PA- Winning guess for the DX: 74.377
We asked Andrew to tell us a little bit about himself and this is what he shared:
“I am a happily married 55 year old. We have two sons, one 24 and the other 22. Both graduated recently from UPenn, My oldest son is a bio-engineer, working at a medical device company, the younger one a Wharton graduate working in the financial field. I consider myself a long time student of the market and primarily, a long term investor. Having said that, over the last few years, I have concentrated my efforts on the charts, and technicals, believing that they play an exponentially larger role in the shorter term direction market. That it why I religiously follow the Market Club. It is one of the best top-grade tools for traders and helps to provide great insight as to where we go from here. It has been a great help with my shorter term trading strategies, as I continue to seek more consistency with both intraday and swing trading.”
Our other winner is:
John Hoffman from FL- Winning guess for the DJI: 12,432.39
Here is what John told us about himself:
“I am semi-retired and up until about two years ago I was helping a friend manage the administrative duties of his hedge fund (now closed). I am currently trading in my own accounts.”
All of us here at MarketClub would like to thank everyone for their participation in this fun-spirited contest…hopefully we can get another one together soon!
Congratulations again John and Andrew, enjoy your new Wi-Fi tablets!
Best,
The MarketClub Team
Hello traders everywhere, Adam Hewison here co-founder of MarketClub with your 1 p.m. market update for Friday the 1st of July.
I just got back from a business trip to Utah I will tell you all about that trip in a later broadcast. But right now all I can say is what a difference a week makes.
This week on Wednesday to be precise the S&P 500 gave you a strong buy signal with our weekly green trade triangle. Since that time it has done nothing but go higher.
Before I left I underscored how several markets were heavily oversold and at the lower levels of the Donchian trade channels. What this meant was that there was a strong probability that we would see a bounce in both the equity crude oil, and CRB index. That rally took place in the past few days. So what is going to happen now?
Let's go to the markets right now and see what is happening today. Continue reading "It's good to be back!"
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