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!"