Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 14th of June.
Coming Soon To A Gas Station Near You
Today we witnessed a massive move to new highs in crude oil, pushing all our Trade Triangles into the green, indicating that higher prices are likely ahead for this commodity. This translates into higher prices at the pump for everyone in America. The question of course will be, is this going to create a problem for the fragile economic recovery? This market has created a large technical formation that we will be discussing in today's video.
Equity Markets Are Choppy
The war between the Bulls and the Bears continues this Friday with no clear trend direction. The longer-term trend continues up, while the intermediate-term trend is indicating weakness. This translates to a neutral market position for us. If you are using our Trade Triangle technology, you can quickly see which markets are headed higher, which ones are neutral, and which are falling. We will be running through all the major indices in today's video.
Gold
While I will be covering gold in today's video, I also did a special seven minute video focused on gold that I believe you will find very informative. This is a separate video from today's update, and I highly recommend that you take a few minutes out of your day to watch this in-depth analysis.
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Watch Today's Video Update Here
There's More
In addition to looking at our normal markets, we will also be looking for stocks that are trending higher today. If you haven't watched any of my recent videos, you can watch them by clicking on the links below.
Recent Special Videos:
Gannett (NYSE:GCI)
Gold
Early Warning System
SodaStream (NASDAQ:SODA)
Apple (NASDAQ:APPL)
Yahoo (NASDAQ:YHOO)
S & P 500 (SP500)
Wal-Mart (NYSE:WMT)
Lululemon (NASDAQ:LULU)
Apple (NASDAQ:APPL)
Tesla (NASDAQ:TSLA)
Google (NASDAQ:GOOG)
Have a great trading day,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.
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