{"id":39837,"date":"2016-08-26T12:43:19","date_gmt":"2016-08-26T16:43:19","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=39837"},"modified":"2016-08-29T11:14:04","modified_gmt":"2016-08-29T15:14:04","slug":"is-it-time-to-buy-gold-or-equities","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2016\/08\/is-it-time-to-buy-gold-or-equities\/","title":{"rendered":"Is It Time To Buy Gold Or Equities?"},"content":{"rendered":"<p>Hello MarketClub members everywhere. It has been an interesting week, to say the least. The sharp drop in gold caught many traders off guard, but not MarketClub members who were warned based on the Trade Triangles and my video on Wednesday that the sidelines were the best position to have at the moment. <\/p>\n<p><a href=\"http:\/\/club.ino.com\/join\/videos\/latest\/?vidid=club-mc_update_20160826&mkt=freetrial-blog1pm0826\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"\/img\/sites\/ino\/email\/7822.jpg\" alt=\"MarketClub's Mid-day Market Report\" width=\"638\" height=\"354\" \/><\/a><\/p>\n<p>The question is, should you buy gold now? The answer will be if you are long-term trader it may be a good time to be a buyer, if, on the other hand, you are an intermediate or shorter-term trader it would be best to wait until a  green weekly Trade Triangle triggers to be a buyer of gold.<\/p>\n<p>The next question is, should you be buying equities?<!--more--><\/p>\n<p>Let's begin by looking at the major indices and see what they're doing trend wise.<\/p>\n<p><strong>DOW <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/INDEX_DJI\/?mktcode=tradersblogsymbols\" target=\"_blank\">(INDEX:DJI)<\/a><\/strong>: This index is basically flat for the week. However, the Trade Triangles remain positive and the trend continues on the upside. This would be a hold unless something dramatic happens today or next week.<\/p>\n<p><strong>S&P 500 <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/CME_SP500\/?mktcode=tradersblogsymbols\" target=\"_blank\">(CME:SP500)<\/a><\/strong>: Much like the DOW the S&P 500 is flat for the week but remains in a positive trend with higher target levels. Unless something dramatic happens today, you should be holding long positions going into the weekend.<\/p>\n<p><strong>NASDAQ <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NASDAQ_COMP\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NASDAQ:COMP)<\/a><\/strong>:  The NASDAQ is slightly higher for the week and remains in the confines of a general uptrend as defined by our Trade Triangles. I continue to like the long side of this market.<\/p>\n<p><strong>Crude Oil <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NYMEX_CL.V16.E\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NYMEX:CL.V16.E)<\/a><\/strong>: This week has seen some profit taking. However, the general trend in this market is positive. a new daily Trade Triangle kicked in today indicating a move back into oil on the long side. <\/p>\n<p><strong>Gold <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/FOREX_XAUUSDO\/?mktcode=tradersblogsymbols\" target=\"_blank\">(FOREX:XAUUSDO)<\/a><\/strong>: The gold market continues to be on the defensive with the RSI below its 50 line. Both the weekly and daily Trade Triangles are red indicating a sidelines position. Only the monthly Trade Triangle is green indicating that the longer-term trend for gold remains positive albeit sideways at the moment.<\/p>\n<p><strong>Alert<\/strong>: Remember markets can change quite dramatically especially in the waning days of summer when the markets are quite thinly traded. Always have areas in your mind that if the market penetrates those levels you will exit your position. This is called discipline and over the long term it will save you and make you money.<\/p>\n<p>Enjoy the final weekend of August everyone - Labor Day is fast approaching. <\/p>\n<p>Stay focused and disciplined.<\/p>\n<p>Every success with MarketClub,<br \/>\n<a href=\"http:\/\/www.ino.com\/blog\/about-adam-hewison\/\" target=\"_blank\">Adam Hewison<\/a><br \/>\nPresident, INO.com<br \/>\nCo-Creator, MarketClub<\/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 MarketClub members everywhere. It has been an interesting week, to say the least. The sharp drop in gold caught many traders off guard, but not MarketClub members who were warned based on the Trade Triangles and my video on Wednesday that the sidelines were the best position to have at the moment. The question [&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":[8551,6249,5519,4257,6320,6319],"class_list":["post-39837","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-crude-oil-nymexcl-v16-e","tag-dow-indexdji","tag-gold-forexxauusdo","tag-mid-day-report","tag-nasdaq-nasdaqcomp","tag-sp-500-cmesp500"],"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>Is It Time To Buy Gold Or Equities? - 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:\/\/wwwtest.ino.com\/blog\/2016\/08\/is-it-time-to-buy-gold-or-equities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is It Time To Buy Gold Or Equities? - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello MarketClub members everywhere. It has been an interesting week, to say the least. The sharp drop in gold caught many traders off guard, but not MarketClub members who were warned based on the Trade Triangles and my video on Wednesday that the sidelines were the best position to have at the moment. 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