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Monday Market Recap

Source: http://club.ino.com:80/trading/2009/06/monday-market-recap/
Posted on Monday, June 22nd, 2009 | In Investing Lessons, Market Commentary, Trading Lessons
Contributed by: Trading School (http://ino.com) -

I dropped the ball yesterday and forgot to wish all those fathers out there a wonderful Father’s Day. So… HAPPY FATHER’S DAY!

Adam is out of town on vacation for a couple of days at his house in Maine, so I’m filling in some gaps until he returns. Below are just some Trade Triangles and Chart Analysis Scores for a large group of markets that we looked at this morning. These aren’t recommendations, but for those of you who aren’t MarketClub members… consider it a freebie set of signals from MarketClub. If there are any other symbols out there that are putting off good Chart Analysis Scores, or Trade Triangles please comment on this post and share with others.

*Adam just sent me this picture from his summer house… how beautiful*

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FOREX_XAUUSDO – Weekly & Daily Red (Short Position) : -70 score

NYMEX_CL.Q09.E – Weekly Green & Daily Red (Sidelines Position): +55 score

INDEX_DJI - Weekly Green & Daily Red (Sidelines Position): +65 score

CME_INX - Weekly Green & Daily Red (Sidelines Position): +65 score

NASDAQ_AAPL – Monthly & Weekly Green (Long Position): +100 score

NYSE_WWE - Monthly & Weekly Green (Long Position): +55 score

FOREX_XAGUSDO – Weekly & Daily Red (Short Position): -70 score

PACF_GLD = Weekly Green & Daily Red (Sidelines Position): -55 score

PACF_DIG = Weekly & Daily Red (Short Position): -70 score

These are not suggested positions, but instead just a recap of general markets. Please consult your MarketClub charts and portfolio to determine the current Trade Triangle and Chart Analysis Score status of these markets as market conditions could change quickly.

Have a wonderful Monday,

Lindsay Thompson
Director of New Business Development
INO.com & MarketClub

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