How I Found Harley Davidson

Harley Davidson showed up on the Marketclub New Monthly Trade Triangle stock screen. I setup the screen to show only new monthly trade triangles which occurred today. I then search for stocks which make at least a 2% move, on high volume, and a +100 trend score.

Technical Analysis Summary

1. 100 Trend score
2. Brand new monthly trade triangle
3. Break out of ascending wedge on high volume
4. P/E ratio is 1/2 of the industry average
5. Break above 61.8% Fibonacci retracement level
6. Retest of 200 day SMA as confirmation of support
7. Positive trend confirmation in the MACD and OBV

So what’s a trader to do?

Regardless of how you feel about gold, this market presents some great trading opportunities that you can capitalize on using our “Trade Triangle” technology.

Now, hard-core gold bugs will not subscribe to this method of trading as they prefer to buy physical gold and hold onto it or bury their bars in their backyard, and to be honest with you, there is nothing wrong with that belief.

I’ve been asked to update our outlook on gold, so I thought that today I would make a short video to share with you some of the points I see in the current gold market.

As always, our videos are free to watch and have no obligation. The only thing that we ask is that you share your views on our blog. The views can be bullish on gold or bearish on gold, the choice is yours to make.

Enjoy the video,
Adam Hewison
President, INO.com
Co-creator, MarketClub.com

This week could be shaping up to be an extraordinary week in the markets. I strongly recommend that traders everywhere take precautionary measure measures to protect capital.

http://www.ino.com/info/534/CD3173/&dp=0&l=0&campaignid=3

While the S&P 500 made new highs for the year last week, it did not do so in a very convincing manner. In today’s short video I show you some of the elements that I think should be cause for concern.

Watch the S&P 500 Forecast Video

Gold Forecast

Last week we gave you a Trade Triangle alert to exit the gold market on the long side. Since that alert was issued gold has dropped significantly.

In today’s short video I bring you up to date with our thoughts on what we think is going to happen next to gold.

Watch the Gold Forecast Video

US Dollar Forecast

It’s been a while since we did a video on the euro/dollar relationship. This relationship may be reversing again based on recent price action. In today’s short video I point out some of the changes we see happening in this market.

Watch The US Dollar Forecast Video

Crude Oil Forecast

The crude oil market came under pressure on Monday and I’m disappointed that I did not have this video out to you earlier. I created the video on Sunday along with the other three videos on the S&P 500, gold, and the euro that did make it to the blog.

Nonetheless, I think you will find this video useful as it outlines our position in this market. The video is short and to the point, nonetheless I think you’ll have a lot of good takeaway information.

Watch The Crude Oil Forecast Video

http://www.ino.com/info/528/CD3173/&dp=0&l=0&campaignid=3

If the current cycle persists, there will be some interesting trades to be had in this market and a possible new high before summer.

The video is free to watch and there are no registration requirements. I hope you enjoy this gold update and make a comment on the blog about how you feel about this video and this market.

Watch My New Gold Video

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub

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The Percent Bullish / Percent Bearish indicators have been incredibly accurate in timing market reversals. Take a look at the image below.

Notice how the Percentage Bears indicator bottomed around August 2007, 2 months before the all time high was put in and the market collapsed. Fast forward to October 2008, the Percentage Bears indicator peaks, 2 months before the huge 2009 official kicked off.Fast forward even further to January, 2010. The indicator is at all time lows; does this mean an impending market crash is in order?

Perhaps not, although there are clear signs of an imminent correction. Corey at AfradToTrade.com did an article about how market internals predicted the sell off on December 31st. I think this market is still far overdue for a correction. Whether or not that runs into full fledged bear hysteria remains to be seen.

There are plenty of bearish signals to back up my theory, although corrections in 2009 were few, an short lived. I think with bullish sentiment becoming over extended, it is only a matter of time before the bears have a few days in the sun. Let’s take a look at some key levels.

Basic fibonacci retracements point to 1020 and 953 as S1 and S2. I prefer to use weekly charts when utilizing fibonacci to forecast support and resistance levels on the S&P as well as other indicies. You can clearly see that price action supports these forecasts. For this week, I would be watching the 1100 and then the 1090 level. If 1100 breaks, price should move quickly down to 1090, and this would signal a move down to 1020 should be in the cards.

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How the Dollar (USD), Euro, Gold, S&P 500 are all Related – http://clicky.me/6c1 #

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