skip to page content

What A Week And It's Not Over Yet

Adam Hewison - MarketClub

Loading the player...

Make no mistake about it, this past week has been very volatile with 200 point swings in the DOW becoming almost a daily occurrence.

But, guess what?

The markets are practically unchanged from last Friday's close. In fact, the the DOW and S&P 500 are up 0.20% and 0.26% respectively as of the close of business Thursday. Only the NASDAQ is down for the week with a very minor loss of 0.13%. All that could change today as traders are faced with the decision of what to with their stocks. Fridays tend to be decision day for many traders when they ask themselves, "Do I want to be short this market for the weekend, or should I be on the sidelines"?

Do you remember those 3 stocks that I highlighted on Monday? Well, I'm happy to report that all 3 stocks are positive for the week. 

Xcel Energy Inc. (NYSE:XEL)
Southern Company (NYSE:SO)
Dominion Resources Inc. (NYSE:D)

Xcel Energy Inc. closed on Monday at $34.93. Closed Thursday @ $35.58.
Southern Company closed on Monday at $45.44. Closed Thursday @ $46.17.
Dominion Resources Inc. closed on Monday at $72.33. Closed Thursday @ $74.94.

So if you followed my Monday post you should be sitting in a pretty happy place right now. You would also have avoided much of the volatility that was taking place all week in other markets.

In today's video, I will be looking at gold which has clawed its way back and closed Thursday with a gain of 2.8% for the week. Finally the gold bulls are catching their breath in what has been a dramatic loss of value for this once precious metal.

The euro has continued to improve and is up 1.8% for the week. This is pretty dramatic and goes against practically all conventional wisdom on the euro which was expected to crash. That is one of the reasons why I love the Trade Triangle technology, not only did it catch the 3 stocks I mentioned earlier, but it also caught the move up in the euro.

Crude oil is down 3.71% for the week. Q2 can be a difficult trading quarter for crude oil, but I'm happy to report that the Trade Triangles have made it all back and more with this current bear trend.

Back to videos

Get Started With Your 30-Day MarketClub Trial Right Now

Get Started

© Copyright MarketClub™ All rights reserved | User Agreement | Do Not Sell My Information

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.