Daily Update: Weak economic data drags down the markets

17 thoughts on “Daily Update: Weak economic data drags down the markets”

1. No not a trend trading system - i have seen one day in - one day out - two days in and so forth - that is not a trend - trends are long term. correct me.

2. YOU WERE OUT OF MARKET AT 1074???? TO 1292 OVER 200 POINTS??? AND YOU CALL 1292.66-1312.45 PROFITABLE???? YOUR TRADE TRIANGLES ARE A G U ESSING GAME - HOW CAN I TRUST MY MONEY ON A GAMBLE??

3. THE MACRO BOTTOM WILL BE U PON US SOON - WE HAVE G ONE DOWN RE 90% OF THE OF T HE CORRECTION - NOT A TIME TO SHORT. AGAIN - NOT A TIME TO SHORT.

4. I don’t know why people on this post are so upset with Adam and the trade triangles, there doing just fine. I use the trade triangles like dennis king uses them, along with other chart indicators and all the great technical analysis techniques Adam shows all of us in the 1pm updates & (as a member) on market club TV. And yes I know Adam said the S&P was going higher but he also said that’s if nothing comes out of left field, well something did, that go’s for oil as well.

   Adam show us all great technical analysis techniques that I never know & now use, Scottrade has a game called the portfolio challenge, out of 117 players I’m in 2nd place soon to be first. We started out with $100,000 the stocks we buy are real symbols in the stock market. In two months and a half I already made $28,586.22 a 28.5% gain, first place is only at a 31.91% gain. If I can do it in a game I can do it in my real account and I I’m thanks to Adam, all I do is Adams technical analysis to read the markets.

   With that said nothings 100% and what Adam said about the S&P & oil was based on technical analysis not 100% but most of the time you’ll be more right than wrong. Now as for the trade triangles, you will come out winning more times then not with larger gains VS losses and it keeps your emotions out of the trade! A REAL TRADER TAKES THERE WINS WITH THERE LOSSES & understand not every trade is going to be a winner that’s why you plan out what % your willing to lose if the trade go’s against you, and not point fingers and cry about the losses. I can tell who on this post didn’t plan out there losses very well.

   All the best to everyone 😉

5. I think the trade triangles are just fine. I am not religious about them, but use them along with other chart indicators and techniques (moving averages, stochastics, Bollinger Bands, etc). I got into SPY and USO puts in early May after the Apple rally hooked the bulls, and it was nice to see the red triangles click in even as I moved into cash this week so I can sell back into any hard rallies-if any materialize-which could well occur with ECB or Fed action. If this occurs watch out for a bond market reaction.
   If anyone is interested in the biotech area, check out Marshall Edwards (0.60/share), a company working on new oncology drugs. A paper will be presented at the American Society of Clinical Oncologists meeting June 1-5 regarding the findings during the phase I trial of ME-143, but an abstract of the paper will be available at http://www.asco.org sometime next week according to the company spokesman, Peter De Spain.

   Ya'll keep up the good work.

6. Jeremy,

   This market is gone, gone, gone. So as far as your triangles you are now correct. You should have had a little more insight into what was going to happen. I'm sure that a lot of your subscribers got crushed. Such a shame.

   Steve

   1. Steven,

      Our subscribers, if they followed the Trade Triangles and written commentary fared just fine. According to our rules for trading the Trade Triangles all members were on the sidelines in the intermediate-term or holding with tight stops for the long-term waiting on the exit monthly Trade Triangle which we have gotten.In fact I had given our members the exit points before hand. By following the system we profited on all fronts and now members have the opportunity to go short the market if they so choose. Of course with the proper money management in place for protection.

      I urge you to take a trial and see what the system is all about. There's more to it than what you see from the outside looking in.

      Every Success,
      Jeremy

7. Me thinks your trade triangles don't work very well!

   1. James,

      Thank you for your opinion. Please read my comments below about MarketClub.

      Best,
      Jeremy

8. Thank you Jeremy!!!
   Your analysis helps me to make decisions

   1. Sasson,

      You are welcome. We'll keep them coming.

      Jeremy

9. another day another chart another trend ... fun eh?

10. Weren't you guys saying for weeks that the S&P was going to 1600?
    Ignoring all of the economic factors that would have made that impossible.

    1. Where is Hewison, in the fetal position hiding under his bed ?
       What happened to the energy field under oil ?
       How about 1550-1600 on the S&P in the May-June time period ?
       Your service was advising: "Long Term traders should be out or short the market" all the way from 1074 on the S&P to 1292.
       Then at 1292 you advise to go long ?

       Hahaha, where do I sign up ?

       1. Alex,

          Thank you or your opinion on the system. However I don't think you can judge it without knowing how and why it works. Yes we were out from 1074 to 1292, but we did manage to a profitable trade from 1292.66 to our exit at 1312.45. That's a profit of 19.79 for our Long-term strategy. A key thing to remember with MarketClub is that we are a trend following system for the long-term/intermediate-term trader. Our members are trading the trend over days and weeks, not over 15 minutes.

          We've even managed to make some money on Crude Oil as well despite what you believe. I encourage you to take a trial and see what MarketClub has to offer you. I think you be surprised.

          Every Success,
          Jeremy

    2. Since the triangles were dead wrong with the May - June bullish projections, hopefully they will be just as wrong now with their bearish projections.

       1. Conrad and Crashtic,

          Thank you or your opinion on the system. However I don’t think you can judge it without knowing how and why it works. Yes we were out from 1074 to 1292, but we did manage to a profitable trade from 1292.66 to our exit at 1312.45. That’s a profit of 19.79 for our Long-term strategy. A key thing to remember with MarketClub is that we are a trend following system for the long-term/intermediate-term trader. Our members are trading the trend over days and weeks, not over 15 minutes.

          We’ve even managed to make some money on Crude Oil as well despite what you believe. I encourage you to take a trial and see what MarketClub has to offer you. I think you be surprised.

          Every Success,
          Jeremy

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