Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 4th of October.<br /><br />I would be remiss if I didn't make a comment on last night's debate. If you didn't watch the debate, I think it's universally accepted that Governor Romney brought in his "A" game, while Pres. Obama did not seem up to the challenge.<br /><br />I mention this only because we made a comment earlier in the week that "politics and markets make strange bedfellows". Based on what the world saw last night, the election just got tighter.<br /><br />Today, we are seeing the markets vote on the debate and we are seeing a strong movement in equities and in precious metals. It is too early to say if this trend will continue for the rest of the day.<br /><br />We'd like to hear your thoughts! Be sure to vote on the debate in today's poll.<br /><br />QUICK TAKE ON THE MARKETS:<br />EQUITIES: We are sticking to our Trade Triangle analysis and we have an upside target of $1,550 on the S&P 500 sometime next year.<br /><br />CRUDE OIL: Mixed trend picture, while the long-term trend is positive for crude, the intermediate-term trend remains negative based on our Trade Triangle technology.<br /><br />EURO: Our Trade Triangles are saying that we are in a bull market for the Euro.<br /><br />GOLD: All Trade Triangles are green and are bullish on gold.<br /><br />COPPER: All Trade Triangles are green and are bullish on copper.<br /><br />SILVER: All Trade Triangles are green and are bullish on silver.<br /><br />WILD CARDS: "The Fiscal Cliff", Europe, and the Middle East.<br /><br />Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
