Daily rumors from Europe continue to weigh heavily on the markets around the world. Everyone's euphoric one moment, thinking that a possible agreement is at hand only to find out hours later that everything is in complete disarray. It's just a question of how many lifeboats are available,\u00a0 when the boat sinks?<\/p>\n The equity markets last week gave a mixed picture, with the DOW being the big winner with a gain of 1.4%. The S&P 500<\/a> was close behind that, with a gain of 1.1%. On the other side of the coin, the NASDAQ was down 1.1%. Was this because of our comments on the negative chart formation on Apple, (AAPL) earlier in the week?<\/p>\n The metals market put in a negative week with gold<\/a> dropping 3.6% and that was closely followed by silver<\/a> which lost approximately 2.6%.<\/p>\n Crude oil,<\/a> which has been closely tracking the equity markets managed to eke out a modest gain of .36% for the week. However, this was not enough to support the CRB index<\/a> which managed to lose 1.93%, and appears to have topped out.<\/p>\n ENTER HERE TO WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A HP WiFi TABLET<\/a><\/p>\n The US dollar index which was under severe pressure 2 weeks ago lost another .41% this past week, but it appears as though the downward momentum for this index may be coming to an end.<\/p>\n This coming trading week could be one of the most important ones in Q4, as many of the equity markets are close to reaching crucial Fibonacci retracement levels. The recovery we have seen in the past 3 to 4 weeks in many of the markets may be ending, and this week could be setting up as a potential reversal week.<\/p>\n So stay tuned.<\/p>\n Now let's go to the major markets we track and update every trading day and see how we can create and maintain your wealth in 2011.<\/p>\n ------------- Monthly Trade Triangles for Long-Term Trends = Negative<\/span><\/strong> ------------- Monthly Trade Triangles for Long-Term Trends = Negative<\/strong><\/span> -------------<\/p>\n As it is the weekend,\u00a0 ask yourself this question.<\/strong><\/span> CAN PERSONAL COACHING HELP MY TRADING?<\/a> Monthly Trade Triangles for Long-Term Trends = Positive<\/strong><\/span> WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A HP WiFi TABLET ------------- Monthly Trade Triangles for Long-Term Trends = Negative<\/strong><\/span> ------------- Monthly Trade Triangles for Long-Term Trends = Positive<\/span><\/strong> ------------- Monthly Trade Triangles for Long-Term Trends = Negative<\/span><\/strong> -------------<\/p>\n As always, we rely on our market proven Trade Triangle technology for catching the big moves.<\/p>\n -------------<\/p>\n![\"\"](\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2011\/07\/Weekend-Video-update.jpg\" "\\"Weekend")
<\/a>Here we have Chancellor Merkel of Germany, telling Berlusconi the Prime Minister of Italy, who just happens to be a billionaire, a proud Italian male what to do. For sure there is no love lost between these two, but I'm not sure talking that way to an Italian billionaire, is going to result, in any kind of positive vote. That's why, I have always thought that the European union between different sovereignties, with different values and social structures, was an accident just waiting to happen.<\/p>\n
\nS&P500 INDEX<\/a>
\nChange for the week: + 1.11%
\n-------------<\/p>\n
\nWeekly Trade Triangles for Intermediate Term Trends = Positive<\/span><\/strong>
\nDaily Trade Triangles for Short-Term Trends = Positive<\/span><\/strong>
\nCombined Strength of Trend Score = + 70
\n-------------
\nSuggested Trading Instruments for this INDEX
\nNon Leveraged ETF's: (Long SPY) (Short SH)
\n2 x Leveraged ETF's: (Long SSO)(Short SDS)
\nFutures: Contact your broker
\nOptions: Contact your broker
\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n
\nSILVER (SPOT)<\/a>
\nChange for the week: - 2.57%
\n-------------<\/p>\n
\nWeekly Trade Triangles for Intermediate Term Trend = Negative<\/strong><\/span>
\nDaily Trade Triangles for Short-Term Trends = Negative<\/strong><\/span>
\nCombined Strength of Trend Score = - 70
\n-------------
\nSuggested Trading Instruments for SILVER
\nNon Leveraged ETF's: (Long SLV) (Short the ETF SLV)
\nLeveraged ETF's: (Long AQG) (Short ZSL)
\nFutures: Contact your broker
\nOptions: Contact your broker
\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n
\n-------------
\nGOLD (SPOT)<\/a>
\nChange for the week: - 3.60%
\n-------------<\/p>\n
\nWeekly Trade Triangles for Intermediate Term Trends = Positive<\/strong><\/span>
\nDaily Trade Triangles for Short-Term Trends = Negative<\/strong><\/span>
\nCombined Strength of Trend Score = + 65
\n-------------
\nSuggested Trading Instruments for GOLD
\nNon Leveraged ETF's: (Long GLD) (Short the ETF GLD)
\nLeveraged ETF's:(Long UGL) (Short GLL)
\nFutures: Contact your broker
\nOptions: Contact your broker
\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
\n-------------<\/p>\n
\nenter here http:\/\/club.ino.com\/markets\/8-95-trial-offer-2\/<\/p>\n
\nCRUDE OIL (DECEMBER)<\/a>
\nChange for the week: - .36%
\n-------------<\/p>\n
\nWeekly Trade Triangles for Intermediate Term Trends = Positive<\/span><\/strong>
\nDaily Trade Triangles for Short-Term Trends = Negative<\/strong><\/span>
\nCombined Strength of Trend Score = - 55
\n-------------
\nSuggested Trading Instruments for CRUDE OIL
\nNon Leveraged ETF's: (Long USO) (Short the ETF USO)
\nLeveraged ETF's: (Long UCO) (Short DTO)
\nFutures: Call your broker
\nOptions: Call your broker
\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n
\nUS DOLLAR INDEX (SPOT)<\/a>
\nChange for the week: - 2.72%
\n-------------<\/p>\n
\nWeekly Trade Triangles for Intermediate Term Trends = Negative<\/span><\/strong>
\nDaily Trade Triangles for Short-Term Trends = Negative<\/span><\/strong>
\nCombined Strength of Trend Score = - 70
\n-------------
\nSuggested Trading Instruments for the US DOLLAR INDEX
\nNon Leveraged ETF's: (Long UUP) (Short UDN)
\nNon Available Leveraged ETF's: (Long -) (Short -)
\nFutures: Contact your broker
\nOptions: Contact your broker
\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n
\nREUTERS\/JEFFRIES CRB COMMODITY INDEX (SPOT)<\/a>
\nChange for the week: - 1.93%
\n-------------<\/p>\n
\nWeekly Trade Triangles for Intermediate Term Trends = Positive<\/strong><\/span>
\nDaily Trade Triangles for Short-Term Trends = Negative<\/span><\/strong>
\nCombined Strength of Trend Score = - 55
\n-------------
\nSuggested Trading Instruments for the REUTER\/JEFFRIES CRB COMMODITY INDEX
\nNon Leveraged ETF's: (Long CRBQ) (Short the ETF CRBQ)
\nLeveraged ETF's: (Long UCO) (Short CMD)
\nFutures: Contact your broker
\nOptions: Contact your broker
\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n
![\"\"](\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2008\/05\/adamnew.jpg\" "\\"Adam")
<\/a><\/p>\n