{"id":13763,"date":"2012-05-17T12:30:02","date_gmt":"2012-05-17T16:30:02","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=13763"},"modified":"2012-05-17T12:53:45","modified_gmt":"2012-05-17T16:53:45","slug":"daily-update-weak-economic-data-drags-down-the-markets","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2012\/05\/daily-update-weak-economic-data-drags-down-the-markets\/","title":{"rendered":"Daily Update: Weak economic data drags down the markets"},"content":{"rendered":"

\"\"Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Thursday, the 17th of May.<\/p>\n

While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.<\/p>\n

DailyXchange<\/em><\/span><\/span><\/a>
\nPost and prosper with other MarketClub members everyday.<\/p>\n

Stocks on the move: <\/em>SPY<\/strong><\/span><\/span><\/a> (SPDR S&P500) , UPS<\/strong><\/span><\/span><\/a> (United Parcel Service) and OC<\/strong><\/a> (Owens-Corning)<\/p>\n

DON'T FIGHT THE MARKET \u2026 MOVE WITH THE MARKET!<\/p>\n

TODAY'S MARKET MOVING SECTORS:
\nPercentage changes in stocks are relative to the S&P 500<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
CONSUMER GOODS: -0.77%<\/td>\nTop Stock XRX<\/a> +3.31%<\/td>\n<\/tr>\n
SERVICES: -0.93%<\/td>\nTop Stock SHLD<\/a> +9.23%<\/td>\n<\/tr>\n
HEALTHCARE: -0.44%<\/td>\nTop Stock QCOR<\/a> +2.82%<\/td>\n<\/tr>\n
ENERGY: +0.38%<\/td>\nTop Stock WNR<\/a> +3.79%<\/td>\n<\/tr>\n
TECHNOLOGY: -0.51%<\/td>\nTop Stock A<\/a> +1.50%<\/td>\n<\/tr>\n
FINANCIAL: -0.30%<\/td>\nTop Stock NYB<\/a> +2.02%<\/td>\n<\/tr>\n
INDUSTRIAL GOODS: -1.22%<\/td>\nTop Stock PCP<\/a> +3.84%<\/td>\n<\/tr>\n
BASIC MATERIALS: -0.06%<\/td>\nTop Stock GORO<\/a> +7.51%<\/td>\n<\/tr>\n
UTILITIES: +0.10%<\/td>\nTop Stock ATLS<\/a> +3.97%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.<\/p>\n

-----------------------------------------------------------------------------------------
\nS&P 500 INDEX <\/big><\/strong><\/p>\n

Monthly Long-Term Trend = Bearish<\/span>
\nWeekly Intermediate Term Trend = Bearish <\/span>
\nDaily Short-Term Trend = Bearish <\/span><\/p>\n

With a Score of -1000, this index is in a strong downtrend. With our long-term monthly Trade Triangle switching to red, we are now short this market. Intermediate-term traders and short-term traders are in a short positions as well.
\n-----------------------------
\nSee suggested S&P 500<\/strong> trading instruments HERE<\/a><\/strong>.
\n-----------------------------------------------------------------------------------------<\/p>\n

\"\"<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

-----------------------------------------------------------------------------------------<\/p>\n

SILVER (SPOT) <\/big><\/strong>
\nMonthly Long-Term Trend = Bearish<\/span>
\nWeekly Intermediate Term Trend = Bearish <\/span>
\nDaily Short-Term Trend = Bearish <\/span><\/p>\n

With a Score of -90, silver is in a strong downtrend. Long-term traders should be in short positions in silver based on a recent red monthly Trade Triangle with appropriate money management stops. Intermediate-term and short-term traders are also in a short position with appropriate money management stops .
\n-----------------------------
\nSee suggested SILVER<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

GOLD (SPOT) <\/big><\/strong>
\nMonthly Long-Term Trend = Bearish <\/span>
\nWeekly Intermediate Term Trend = Bearish <\/span>
\nDaily Short-Term Trend = Bearish <\/span><\/p>\n

With a Score of -90, the gold market is in a strong downtrend. All traders should still be in short positions in gold with appropriate money management stops.
\n-----------------------------
\nSee suggested GOLD<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

COPPER (July 2012) <\/big><\/strong>
\nMonthly Long-Term Trend = Bearish<\/span>
\nWeekly Intermediate Term Trend = Bearish<\/span>
\nDaily Short-Term Trend = Bearish<\/span><\/p>\n

With a Score of -100, this market is in a strong downtrend. Long-term, intermediate-term and short-term traders are now is short positions with appropriate money management stops based on recent red monthly and red weekly Trade Triangles.
\n-----------------------------
\nSee suggested COPPER<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------
\n
\nCRUDE OIL (June 2012) <\/big><\/strong>
\nMonthly Long-Term Trend = Bearish<\/span>
\nWeekly Intermediate Term Trend = Bearish<\/span>
\nDaily Short-Term Trend = Bearish<\/span><\/p>\n

With a Score of -90, this market is in a strong downtrend. All traders should be in short positions in crude oil with appropriate money management stops.
\n-----------------------------
\nSee suggested CRUDE OIL<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

\"\"<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

-----------------------------------------------------------------------------------------
\n
\nEURO vs USD (SPOT) <\/big><\/strong>
\nMonthly Long-Term Trend = Bearish <\/span>
\nWeekly Intermediate Term Trend = Bearish <\/span>
\nDaily Short-Term Trend = Bearish<\/span><\/p>\n

With a Score of -90, the Euro is in a strong downtrend. Long-term traders using our Trade Triangle Technology should maintain short Euro positions with the appropriate stops in place. Short-term and intermediate-term traders are also in a short position on the recent red weekly Trade Triangle.
\n-----------------------------
\nSee suggested EURUSD<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------
\n
\nREUTERS\/JEFFERIES CRB COMMODITY INDEX <\/big><\/strong>
\nMonthly Long-Term Trend = Bearish <\/span>
\nWeekly Intermediate Term Trend = Bearish<\/span>
\nDaily Short-Term Trend = Bearish<\/span><\/p>\n

With a Score of -100, this market is in a strong downtrend. All traders should be in short positions in this index with appropriate money management stops.
\n-----------------------------
\nSee suggested REUTERS\/JEFFERIES CRB COMMODITY INDEX<\/strong> trading instruments HERE<\/strong><\/a>.
\n----------------------------------------------------------------------------------------<\/p>\n

This is Jeremy Lutz for MarketClub, wishing you every success in trading. Be sure to post on the \"DailyXchange\" on your new Members Blog.<\/p>\n

Jeremy Lutz<\/p>\n

MarketClub.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Thursday, the 17th of May. While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week. DailyXchange Post and prosper with other MarketClub members everyday. Stocks on the move: […]<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4071,3917,28,1961,1067,3839,3831,147,23,1768,307,294,2074,566,7947,4053],"class_list":["post-13763","post","type-post","status-publish","format-standard","hentry","category-trading-tips","tag-8-95-trial","tag-crb","tag-crude-oil","tag-debt","tag-dollar","tag-donchian-channel","tag-dx","tag-fibonacci-resistance","tag-gold","tag-marketclub-tips-talk","tag-precious-metals","tag-silver","tag-sp500","tag-trade-triangles","tag-trading-videos","tag-williamr"],"yoast_head":"\nDaily Update: Weak economic data drags down the markets - INO.com Trader's Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2012\/05\/daily-update-weak-economic-data-drags-down-the-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Update: Weak economic data drags down the markets - INO.com Trader's Blog\" \/>\n<meta property=\"og:description\" content=\"Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Thursday, the 17th of May. While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week. DailyXchange Post and prosper with other MarketClub members everyday. 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