Hello traders everywhere, Adam Hewison here cofounder of MarketClub with your daily update for the major markets.
Yesterday, we discussed stuffing gold bars into you fuel tank, and how America doesn't run on gold, it runs on number two diesel fuel.
Today, I want to talk about finding winning trades using some tools that you have at your disposal 24/7 with MarketClub. What I am talking about is our remarkable Trade Triangle technology and how it can help you spot winning trades, and major trend changes in over 375,000 symbols. The symbol list includes all stocks here in the US, Canada and Australia. Futures, Forex, and precious metals.
In today's video we will be examining in more detail how you can implement our Trade Triangle technology in your own trading and how easy it is to use.
Okay, enough on that, let's get started and take a look at what is happening right now in the markets.
Adam Hewison
President INO.com and co-founder of MarketClub.com
QUICK TAKE
EQUITIES: Treading water. The trend is your friend and we are sticking to this markets major trend according to our triangle technology. We have an upside target of 1,550 on the S&P 500 sometime next year.
CRUDE OIL: The long-term trend is positive for crude, the intermediate-term trend based on our trade triangle technology remains negative but is close to reversing.Watch this one closely.
EURO: Treading water. Watch the 1.2800 level. Two of our trade triangles are green and are bullish for the Euro.
GOLD: Rolling over or resting? Two of our three trade triangles are green and are bullish on gold.
COPPER: Watch the 3.70 level. Two of our three trade triangles are green and are bullish on copper.
SILVER:Treading water, but watch the 33.50 level for support. Two of our three trade triangles are green and are bullish on silver.
WILD CARD(S):Here are the usual suspects: Syria,Turkey Israel. A super close general election, the Fiscal Cliff and lets not forget Europe.
