Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 5th of October.
Don’t fight the FED, why? Because the deck is stacked against you and the FED holds all the cards.
Today we received a major reversal signal based on our Trade Triangle technology that I will share with you in today’s video.
Did you vote in our poll on the debate?
One year ago today Steve Jobs, the iconic founder of Apple, passed away. He built Apple into the world’s most valuable company and also had the vision to transform complete industries and make the world a better place. Thank you, Steve.
Watch this wonderful tribute to Steve on Apple’s home page.
Fifty years ago today the iconic James Bond movies series debuted on British screens. I am guessing that Ian Fleming, who created the fictional character of James Bond, had no idea that his master spy would become such a legendary film character and the most successful film franchise in history.
QUICK TAKE ON THE MARKETS:
EQUITIES: Higher for the week. We are sticking to our Trade Triangle analysis and we have an upside target of $1,550 on the S&P 500 sometime next year.
CRUDE OIL: Lower for the week. Mixed trend picture, while the long-term trend is positive for crude, the intermediate-term trend remains negative based on our Trade Triangle technology.
EURO: Higher for the week. All Trade Triangles are green and are bullish for the Euro.
GOLD: Higher for the week. All Trade Triangles are green and are bullish on gold.
COPPER: Higher for the week. All Trade Triangles are green and are bullish on copper.
SILVER:Higher for the week. All Trade Triangles are green and are bullish on silver.
WILD CARDS: The general election, “the Fiscal Cliff”, Europe, Syria, and Turkey.
Now, let’s analyze the major markets and stocks on the move using MarketClub’s Trade Triangle Technology.
Click Here to view today’s video
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