Saturday, October 29, 2011

Adam Hewison: Big Moves in all of the Markets! And our weekend video update

Last week we saw the markets have massive gains both on the upside in the case of equities, gold, silver and crude oil. The US dollar came under pressure losing 1.6% on its index.

You have to be impressed with the market action and certainly this is a classic example of markets not following the fundamentals. I think everyone can agree that the fundamentals in Europe are not good and they are not particularly great here in the United States.
A quick look at the changes for last week:

S&P 500 Index: – up a positive 3.78% * Spot Silver:– up double digits with a gain of 12.64% * Spot Gold: – up 6.15% * Crude Oil (December): – up 7.05% * Dollar Index: – down 1.6% * Reuters/Jefferies CRB Index: – up 3.9%

So let’s go look at the charts and see what to expect for this coming trading week and find out how we can create can maintain your wealth in 2011.

SP500 Index
Change for the week: + 3.78%
Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = + 70

Silver
Change for the week: + 12.64%
Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trend = Positive
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = – 70

Gold
Change for the week: + 6.15%
Monthly Trade Triangles for Long Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = + 100

Crude Oil
Change for the week: + 7.05%
Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = + 70

U.S. Dollar Index
Change for the week: – 2.72%
Monthly Trade Triangles for Long Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short Term Trends = Negative
Combined Strength of Trend Score = – 60

As always, we rely on our market proven Trade Triangle technology for catching the big moves.

Let's check out this weeks video, just click here to see our video with details on the 6 markets we cover publicly.

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