Hello MarketClub members everywhere. In today's video update, I'm going to look at some of the big trends I see in the markets and analyze the power and depth of each them. Let's begin with the major indices - it seems like eons ago that the world was going to h*ll and a hand basket with Great Britain's vote to exit the EU or as it was popularly known a Brexit. In a little over three weeks all the major indices have recovered and are trending higher. It just proves once again that the market eventually gets it right. DOW (INDEX:DJI): All of Trade Triangles are green with the latest trend beginning with a weekly Trade Triangle on 7/08 at 18,011.07. The DOW is up 1.98% for the week based on the market close on 7/14. S&P 500 (CME:SP500): All Trade Triangles are green with the latest trend beginning with a weekly Trade Triangle on 7/08 at 2,113.52. The S&P 500 is up 1.59% for the week based on the market close on 7/14. NASDAQ (NASDAQ:COMP): All Trade Triangles are green with the latest trend beginning with a monthly Trade Triangle on 7/11 at 4,980.14. The NASDAQ is up 1.62% for the week based on the market close on 7/14. Gold (FOREX:XAUUSDO): Two out of the three Trade Triangles are green indicating and sidelines position. The latest trend began with a red daily Trade Triangle on 7/08 at $1,341.69. Gold is currently down 2.76% for the week based on the market close on 7/14. Barrick Gold Corporation (NYSE:ABX): Two out of the three Trade Triangles are green indicating a long position. The latest trend began with a green weekly Trade Triangle on 06/08 at $19.73. ABX is down 3.90% for the week based on the market close on 7/14. Newmont Mining Corporation (NYSE:NEM): All Trade Triangles are green indicating a long position. The latest trend began with green a weekly Trade Triangle on 06/08 at $35.75. NEM is up 1.13% for the week based on the market close on 7/14. Crude Oil (NYMEX:CL.Q16.E): Two out of the three Trade Triangles are green indicating and sidelines position. The latest trend began with a red daily Trade Triangle on 7/12 at $45.97. Crude oil is up 0.46% for the week based on the market close on 7/14. As I have said before, do not get married to a stock or an idea. Markets change and when they do your thinking needs to change and be flexible, MarketClub's Trade Triangles can help you do that.
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