{"id":17295,"date":"2012-12-04T13:20:09","date_gmt":"2012-12-04T18:20:09","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=17295"},"modified":"2012-12-04T13:20:09","modified_gmt":"2012-12-04T18:20:09","slug":"marketclubs-trade-triangles-nailed-this-market-when-almost-every-hedge-fund-got-it-wrong","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2012\/12\/marketclubs-trade-triangles-nailed-this-market-when-almost-every-hedge-fund-got-it-wrong\/","title":{"rendered":"MarketClub's Trade Triangles nailed this market when almost every hedge fund got it wrong"},"content":{"rendered":"<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-latest&amp;mkt=blog1pm1204\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2011\/12\/1pm-udate.png\" alt=\"\" width=\"140\" height=\"161\" \/><\/a>Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 4th of December.<\/p>\n<table width=\"70%\" border=\"0\" cellspacing=\"5\">\n<tbody>\n<tr>\n<td><span style=\"text-decoration: underline;\">MARKETS WITH STRONG TRENDS:<\/span><\/td>\n<td><span style=\"text-decoration: underline;\">MARKETS WITH MIXED TRENDS:<\/span><\/td>\n<\/tr>\n<tr>\n<td><strong>COPPER (Dec):<\/strong> Higher for the week.<br \/>\nCLOSED LAST FRIDAY AT $3.6230<\/td>\n<td><strong>S&amp;P 500:<\/strong> Lower for the week.<br \/>\nCLOSED LAST FRIDAY AT $1,416.18<\/td>\n<\/tr>\n<tr>\n<td><strong>EURO (Spot):<\/strong> Higher for the week.<br \/>\nCLOSED LAST FRIDAY AT 1.2985<\/td>\n<td><strong>CRUDE OIL (Jan):<\/strong> Lower for the week.<br \/>\nCLOSED LAST FRIDAY AT $88.94<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>GOLD (Spot):<\/strong> Lower for the week.<br \/>\nCLOSED LAST FRIDAY AT $1,714.19<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><strong>SILVER (Spot):<\/strong> Lower for the week.<br \/>\nCLOSED LAST FRIDAY AT $33.36<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><br style=\"clear: both;\" \/><span style=\"text-decoration: underline;\">SCORE ONE FOR THE TRADE TRIANGLES<\/span><\/p>\n<p>The Euro against the Dollar is one market which has been moving steadily higher. This upward trend has been to the chagrin of many hedge funds who have been forced to cover their short Euro positions. The thinking among many hedge funds was with all the problems in Europe, the Euro was going to drop much lower against the Dollar. The reality of the market place had a very different idea as the Euro has moved to its best levels since the middle of October.<\/p>\n<p>That is the principal danger of listening and relying on the fundamentals to justify your position. When you listen to the market with the help of our Trade Triangle technology, you get a very different story for the Euro\/Dollar relationship. The Trade Triangles rely on market action, which in the case of this cross-rate, the trend was clearly in favor of the Euro. The bottom line and the lesson to learn here is that the market is the ultimate arbitrator of its own trends. It is of our opinion that it is best to trade with market action and leave the fundamentals to others.<!--more--><\/p>\n<p><span style=\"text-decoration: underline;\">GOLD BREAKS $1,700!<\/span><\/p>\n<p>The gold market crashed through the support level today as it moved to its lowest levels in over three weeks and produced a negative red weekly Trade Triangle. While the longer-term trend remains positive for gold, the short-term and intermediate-term trends remain negative. While the market is heavily oversold, it is not to say it won't go lower.<\/p>\n<p><span style=\"text-decoration: underline;\">FISCAL CLIFF, FISCAL CLIFF, FISCAL CLIFF<\/span><\/p>\n<p>That's all we are going to hear about for the next several weeks. Right now, the market is telling you that there is still major uncertainty in investors' eyes. Technically the market is leaning more to the negative side than the positive side.<\/p>\n<p>Have a great trading day,<br \/>\n<a href=\"http:\/\/www.ino.com\/blog\/about-adam-hewison\/\" target=\"_blank\">Adam Hewison<\/a><br \/>\nFounder &amp; President INO.com and co-founder of MarketClub.com.<\/p>\n<p><strong><em> <a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-latest&amp;mkt=blog1pm1204\" target=\"_blank\">Click Here to view today's video<\/a><br \/>\n<\/em><\/strong><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 4th of December. MARKETS WITH STRONG TRENDS: MARKETS WITH MIXED TRENDS: COPPER (Dec): Higher for the week. CLOSED LAST FRIDAY AT $3.6230 S&amp;P 500: Lower for the week. CLOSED LAST FRIDAY AT $1,416.18 EURO (Spot): Higher for the [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[188,3917,3839,310,3831,1069,147,23,1768,307,294,2074,566,7947,4053],"class_list":["post-17295","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-adam-hewison","tag-crb","tag-donchian-channel","tag-dow","tag-dx","tag-euro","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":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MarketClub&#039;s Trade Triangles nailed this market when almost every hedge fund got it wrong - INO.com Trader&#039;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\/12\/marketclubs-trade-triangles-nailed-this-market-when-almost-every-hedge-fund-got-it-wrong\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MarketClub&#039;s Trade Triangles nailed this market when almost every hedge fund got it wrong - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 4th of December. MARKETS WITH STRONG TRENDS: MARKETS WITH MIXED TRENDS: COPPER (Dec): Higher for the week. CLOSED LAST FRIDAY AT $3.6230 S&amp;P 500: Lower for the week. 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Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 4th of December. MARKETS WITH STRONG TRENDS: MARKETS WITH MIXED TRENDS: COPPER (Dec): Higher for the week. CLOSED LAST FRIDAY AT $3.6230 S&amp;P 500: Lower for the week. CLOSED LAST FRIDAY AT $1,416.18 EURO (Spot): Higher for the [&hellip;]","og_url":"https:\/\/www.ino.com\/blog\/2012\/12\/marketclubs-trade-triangles-nailed-this-market-when-almost-every-hedge-fund-got-it-wrong\/","og_site_name":"INO.com Trader&#039;s Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2012-12-04T18:20:09+00:00","author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2012\/12\/marketclubs-trade-triangles-nailed-this-market-when-almost-every-hedge-fund-got-it-wrong\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2012\/12\/marketclubs-trade-triangles-nailed-this-market-when-almost-every-hedge-fund-got-it-wrong\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"MarketClub's Trade Triangles nailed this market when almost every hedge fund got it wrong","datePublished":"2012-12-04T18:20:09+00:00","dateModified":"2012-12-04T18:20:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2012\/12\/marketclubs-trade-triangles-nailed-this-market-when-almost-every-hedge-fund-got-it-wrong\/"},"wordCount":432,"commentCount":0,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"keywords":["adam hewison","CRB","Donchian Channel","dow","DX","euro","fibonacci resistance","Gold","MarketClub Tips &amp; 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