Adam is out of town this week, but the analysis never stops at MarketClub. Navigate the market with Jeremy and our "Trade Triangle" technology.
Join Susan at 1PM ET tomorrow for your live market update!
Best,
MarketClub
Tag: index
Weekend Update
Hello fellow traders everywhere. Adam Hewison here, co-founder of MarketClub, with your weekend trading update for the week ending on 6/24/11.
Here's what happened last week in the major markets…. Continue reading "Weekend Update"
What's going on in the Markets... (5/18/11)
Hello, Adam Hewison here for MarketClub with your 1 p.m. market update for Wednesday the 18th of May.
Watch what's happening right now ...
S&P500: -60. Market very oversold. Long term uptrend remains intact. Market at the lower end of the Donchian Channel. Neutral - Trading range.
Silver: Score -60. possible bullish divergence on the Williams %R indicator. Major resistance at $39.50. Support at $32.00.
Gold: longer term trend still positive. Score +65. Support at $1,462.50. Resistance at $1,526.Trading Range
Crude Oil: +80 neutral Trading range. Long term indicator remains positive. Mid point on the Donchian Channel. Possible bullish divergence on the Williams %R indicator.
The Dollar Index: Score +55. In a trading range with the longer term outlook remaining negative. Possible negative divergence. Look for a pullback?? Major resistance remains at 77.50.Minor support at 74.00.
The Thomson Reuters/Jefferies CRB Commodity Index: Score -55. Near-term resistance at 348.50. Support at 333.50. Market very oversold on hedge fund liquidation. Bullish divergence on the Williams %R indicator.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
