Hello MarketClub members everywhere. I thought this would be a good time to review the events of the last seven trading days. First, we had Great Britain's historic exit from the EU on July 23rd which immediately sent the markets of the world into a chaotic downward spiral with the DOW (INDEX:DJI) losing over 5% in just over 48 hours! After hitting a low of 17,063, the DOW abruptly reversed course in what I mistakenly labeled a "Dead cat bounce". It was more like "Who let the cat out of the bag" as the markets proceeded to go up just as fast as they went down catching many traders on the wrong side of the market. If you follow the Trade Triangles and I hope you do, you know that they were on the sidelines during this epic battle between the bulls and the bears where both sides were badly mauled and bruised. Having a position on the sidelines is a position - make no mistake about it. It's just as important as being long or short the market. If the market is undecided as to which direction it is headed why take a position in the market. Isn't it best just to stay on the sidelines until a trend develops that you can latch onto and make some big profits? My answer is YES - because it makes sense to do so. After America's big holiday on July 4th, traders came back to a more realistic market one that had recalibrated world events. The mood, however, was entirely somber on Tuesday as selling pressure immediately came into the indices pushing them lower and smart money moved into the gold market sending it higher. There appears to be a great deal of uncertainty still surrounding the equity markets and the low, and low-interest rates that the Federal Reserve has been employing to help stimulate growth. Unfortunately, the Fed is in deep water and has been for quite some time and has no concrete idea of how to get out of this mess that they helped create. It is hard to imagine interest rates going much lower; it is also hard to imagine interest rates going higher given the lack of growth both here in the US and the rest of the world. Bottom line it is a mess. In today's video I will be looking closely at all of the major indices and telling you what I think is going to happen in those markets. Of particular interest, this short trading week is how we close this Friday. Many professional traders will have the eyes glued to see how the major markets close this Friday. Yesterday I talked about the gold (NYMEX:GC.Q16.E) train and this morning I see that gold is trading well above the $1370 level. My immediate target for gold is between 1395 and $1400 an ounce. Crude oil (NYMEX:CL.Q16.E) has fallen back to an area of good support and remains in a somewhat negative mode based on the Trade Triangles.
MarketClub/INO, a division of TIFIN Group LLC, is affiliated with Magnifi via common ownership. Affiliates of Magnifi will receive cash compensation for referrals of clients who open accounts with Magnifi. Due to this compensation, a conflict of interest exists since MarketClub/INO has an incentive to recommend Magnifi LLC.
Magnifi LLC does not charge advisory fees or transaction fees for non-managed accounts. Clients who elect to have Magnifi LLC manage all or a portion of their account will be charged an advisory fee. Please see Magnifi’s Form ADV for additional information about fees and charges that may apply. Magnifi LLC receives compensation from product sponsors related to recommendations. Other fees and charges may apply.
Magnifi, normally $14 per month, will be available at no additional cost to MarketClub members. Account holders must be 18 years of age and have an approved Magnifi account. Magnifi will determine qualifying account holders at its own discretion.
U.S. Government Required Disclaimer—Commodity Futures Trading Commission
Futures and Options trading has large potential rewards, but also large
potential risk. You must be aware of the risks and be willing to accept
them in order to invest in the futures and options markets. Don't trade
with money you can't afford to lose. This is neither a solicitation nor
an offer to Buy/Sell futures or options. No representation is being
made that any account will or is likely to achieve profits or losses
similar to those discussed on this web site. The past performance of
any trading system or methodology is not necessarily indicative of
future results.
CFTC RULE 4.41—HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All trades, patterns, charts, systems, etc., discussed in this advertisement and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or INO.com. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the MarketClub™ methodology or system will generate profits or ensure freedom from losses. The testimonials and examples used herein are exceptional results, which do not apply to the average member, and are not intended to represent or guarantee that anyone will achieve the same or similar results. Each individual's success depends on his or her background, dedication, desire, and motivation.
You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.