Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for the last day of the month and quarter, Wednesday the 2nd of September. The NASDAQ Is On Fire! There's no doubt about it, the NASDAQ is and has been the strongest index out of the three indices we track. The NASDAQ index is being driven by the likes of Apple (NASDAQ:AAPL), Tesla (NASDAQ:TSLA), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and many other internet and tech stocks. Is this trend likely to continue? I believe it will continue and I am looking for higher levels in all of these markets, providing that our Trade Triangle technology is in agreement. Is Gold A Buy Right Here? Our Trade Triangles have enjoyed a great deal of success trading in gold over the last several years. Trade Triangle Past Performance: Gold 2008 : +501.6% 2009 : +48.5% 2010 : +35.3% 2011 : +186.7% 2012 : +57.6% Trading in gold, just like any other market, has a certain amount of risk. Risk can be managed to a certain degree through diversification and money management stops, which I highly recommend. Gold can be less volatile than stocks in many ways and it is only when you introduce leverage into the equation that it becomes a higher risk market. Every day, via our World Cup Portfolio, we provide members with the key levels for the next day that could be possible entry or exit signals in gold using our Trade Triangles. As to whether gold is a buy right here? It is too early to say and I'll certainly be looking to our Trade Triangles to determine when to get long gold. Right now, the major trend for gold remains down. Trading Rules: How the Trade Triangles work in Gold Use the weekly Trade Triangle to determine the major trend and initial positions. Use the daily Trade Triangles for timing purposes. Let me give you an example: if the last weekly Trade Triangle is GREEN, this indicates that the major trend is up for that market. You would use the initial GREEN weekly Trade Triangle as an entry point. You would then use the next RED daily Trade Triangle as an exit point. You would only reenter a long position if and when a GREEN daily Trade Triangle kicked in. You would then use the next RED daily Trade Triangle as an exit point, provided that the GREEN weekly Trade Triangle is still in place and the trend is positive for that market. The reverse is true when you have a RED weekly Trade Triangle. You would use the initial RED weekly Trade Triangle as an entry point for a short position. You would then use the next GREEN daily Trade Triangle as an exit point.
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