Market Club’s Monday Outlook

Via Market Club’s Adam Hewison

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.

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.

S&P 500 VIDEO HERE.>>

b. Is The US Dollar Reversing Again?

The euro/dollar relationship may be reversing again based on recent price action. In today’s short video on the euro/dollar, I point out some of the changes we see happening in this market.

Watch the EURO/DOLLAR VIDEO HERE.>>

c. GOLD

And lastly, let’s see what’s happening with GOLD.

The move down in gold yesterday surprised many traders and flashed an exit signal based on MarketClub’s daily "Trade Triangle" technology. As we have mentioned before, we felt that gold was in a broad trading range and were not optimistic that it would shoot higher.

The action yesterday confirms that we have more of a two-way market. I expect we’ll see further selling on any rallies from this level.

In today’s video, I share with you my thoughts on gold based on one important element: how gold energy fields propel this market.