Big Week Ahead ... Be Prepared For A Lot of Volatility

Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend trading update for the week ending on 7/15/11.

The precious metals markets continue to be on fire with silver jumping another 7% on top of a 8.35% gain the previous week. Gold closed the week on an all-time high on Friday. Both gold and silver are reflecting the general fear that is prevalent in the markets. For the week gold put in a solid + 3.19% performance. You should be long one trading unit of gold based on our 52-week, weekend trading rule. We're expecting this market to open higher on Sunday in the Far East, and also on Monday when the markets open here in the States.

The S&P 500 was not blessed with gains for the past week and dropped just over 2% for the week. We now have very clear battle lines drawn between the Bulls and the Bears. The 1276 level on the S&P 500 is where the 200 day moving average comes in this week. In addition to the 200 day moving average, we also have a long-term trend-line going all the way back to March of 2009. These are two key levels to watch this coming week.

In other markets the CRB and dollar index showed very little movement as they continue to be range bound. Crude oil appears to be treading water  at the moment and has significant resistance overhead at $99.50 basis the August contract.

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So here's what happened last week in the major markets….

S&P500 move for the week: -2.05%
Monthly Trade Triangles for Long-Term Trends        = Positive
Weekly Trade Triangles for Intermediate Term Trends    = Positive
Daily Trade Triangles for Short-Term Trends        = Negative
Combined Strength of Trend Score            = + 85

Silver move for the week: +7.06%
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

Gold move for the week: +3.19%
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

Oil move for the week: +.78%
Monthly Trade Triangles for Long-Term Trends        = Negative
Weekly Trade Triangles for Intermediate Term Trends    = Negative
Daily Trade Triangles for Short-Term Trends        = Positive
Combined Strength of Trend Score            = - 55

$ Index move for the week: +.06%
Monthly Trade Triangles for Long-Term Trends        = Positive
Weekly Trade Triangles for Intermediate Term Trends    = Positive
Daily Trade Triangles for Short-Term Trends        = Negative
Combined Strength of Trend Score            = + 75

CRB Index move for the week: +.84%
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            = + 60

If you haven't watch our 1 PM updates, I recommend you take a look on this blog at some of our earlier postings.

We want you to be part of the MarketClub TV show this Wednesday and here's an easy way to do that. Now you can call 410-867-2100 extension 129 and (1)leave a message, (2) tell us how you use MarketClub, (3) asked a question about the market or (4) anything to do with the markets. When you call you will be automatically entered to win a one-year membership to MarketClub. So don't miss out-to be a part of the show that everyone is talking about. Plus get a chance to win a free membership.

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

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10 thoughts on “Big Week Ahead ... Be Prepared For A Lot of Volatility

  1. John and Rusty:

    Ease up guys, did you ever hear of bad typing, "typos", or just simple mistakes? That is, after all, why pencils have erasers... The site is cool, educational, and profitable for those who are members.

    It is easier to couch-potato and volley tomatoes, than actually be in the trenches constructing something of worth and value; for that reason alone one should show some humility and charity, and think twice before criticizing those who labor for something of substance.

    Get off the high horse John, Ayn Rand would surely be ashamed of your demeanor, don't you think?

    " 'We know that we know nothing, they chatter', blanking out the fact that they are claiming knowledge--'There are no absolutes,' they chatter, blanking out the fact that they are uttering an absolute..." p.952 Ch. VII This is John Galt Speaking, ATLAS SHRUGGED, by Ayn Rand

  2. Hi Adam, I have been trading the vxx the past few months and
    have done very well with returns. Do you have any opinion
    trading this instrument? Definately not a buy and hold but
    good for trading profits.

  3. "be prepared for lot’s of volatility"

    Should I be taking advice from someone who's illiterate?

  4. Heads UP TRADERS!

    According to a post by Zero Hedge, the Plunge Protection Team AKA the Exchange Stabilization Fund group is out of money; which is usually implemented to "support" (interfere with) the stock, bond, and currency markets...

    Watch the DOLLAR, and the stock market these following two weeks... the bears are growling in anticipation of the opening bell.

  5. I am wondering if that $40 resistance price on silver is going to revisit. So volatile. Anyone else concerned?

  6. I work in the tech world for a leading OEM shop about 1 billion per year! Just to let you know we have lots of work now, more on the schedule and working 7 days a week. Things here, at least, are looking bright!I Myself: just to be on the safe side have moved 80% of my assets into a safe zone! With the exception of the company that I am working for; and might buy more!

Comments are closed.