Hello MarketClub members everywhere. It's Friday; Labor Day weekend is on the horizon, so it is time to look back on the week. The biggest loser for the week is Crude Oil which is down from last Friday's close of $47.63 as of right now as October crude is trading around $44.39 down over $3 for the week. Many of the other markets have seen changes in their intermediate weekly Trade Triangles and I will examine the ramifications of those moves in today's video. Here is a quick look at the major markets and how things stand right now. DOW (INDEX:DJI): Up for the week S&P 500 (CME:SP500): Up for the week NASDAQ (NASDAQ:COMP): Up for the week Crude Oil (NYMEX:CL.V16.E): Down for the week (Biggest Loser) Gold (FOREX:XAUUSDO): Up for the week I will be analyzing each of the markets listed above and time permitting I will be looking at some stocks that are making 52 week highs. The New 52-week high on Friday Rule: Here is a weekend trading alert, go to the Smart Scan tab then select "52wk High". Filtered out by choosing Ave Daily Volume, then choose greater than 2 million. After you have done that choose a price point that you like, for example, you may want to buy stocks that are $20 as opposed to $100. After you have done that, follow these rules. Here are the three rules you need to trade "The 52-week new highs on Friday Rule": Rule #1: On a new 52-week high, when the market closes at or near its high on a Friday, buy long and go home for the weekend. Rule #2: Exit the long position on the opening the following Tuesday. Rule #3: If the market opens lower on Monday, exit this position immediately. There you have it. These are the only three rules that you need to trade "The 52-week new highs on Friday rule" successfully. Money Management Alert: Please remember that markets can change quite dramatically especially in thinly traded summer markets. Always have areas in your mind that if the market penetrates those levels, you will exit your position. This is called discipline and money management and over the long term it will save you and make you money.
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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.
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