We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of Stocks to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of GOOG.
With a Market Club score of 90, all 3 time frames
monthly, weekly, and daily are pointing down as of right now.
The monthly Market Club trend arrow
just put in a sell signal for GOOG today, 05/31/12.
GOOG is trading below support, which is bearish,
and the MACD is pointing lower which is bearish as well.
![](/img/sites/ino/email/4540.jpg)
Like Adam always says, follow the trend, and the trend is down right now for GOOG.
Thanks,
Jim Robinson
Profit Trading.com
Well, the SP-500 has a pretty sad ADX indicator. It's got a pretty sorry MACD, too.
I agree with Greg
Actually the chart that I'll be watching is copper. It's reputation for having a PHd in economics is had to ignore with the current condition of the global economy.
What about the mini S&P, Gold / Silver, and Oil?
Rgds,
H.
This is top notch..pls continue with some charts on the broader indexes also
thanks,
Greg
I believe strongly in charting and appreciate this new service added to Market Club. Thank you so much.