Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 27th of August.
There's so much going on this week that I expect the sum of the markets will be overshadowed by the news. We have a hurricane heading towards the US, and a Republican convention in Tampa and Jackson Hole on Friday. Apple's iLawsuit win over Samsung gave Apple a 1 billion dollar judgement and made quite a splash on the smart phone market, with Samsung losing over 12 billion dollars when its stock opened in Asia on Monday morning. If all that was not enough, we still have to deal with Europe and the last trading week in August!
We will rely on pure market action and our Trade Triangle technology to point the way to profits. With many commodity markets in bull trends, there are going to be many trading opportunities.
GOLD now looks very interesting and we would pay close attention to this market. The REUTERS/JEFFERIES CRB COMMODITY INDEX is also in a bull trend and will be a strong indicator for signs that inflation is picking up and accelerating in the US.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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