Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 25th of October.
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Don't miss MarketClub TV this Wednesday at 5pm EDT.
E-mail us your questions at
ma**********@in*.com
or call 410 867-2100 extension 129.
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How the best analyst in the world nailed Netflix … And why Tuesdays are so important.
Most every day we interact with the best market analyst in the world. The problem is most traders don't even know it, or think about it.
I'm referring to... The market itself. Here we have a powerful, dynamic, up-to-the-minute force, which is the sum total analysis by some of the smartest people in the world all coming together in one place. It is amazing!
When a market closes, you have the best indication of market trend and value, and what's going on in that particular market. The markets really do decipher the complexities of the economy, the future prospects for a stock, or the supply and demand picture for a futures market.
For example, Netflix, which reported disastrous earnings last night was pummeled this morning, losing some 35% of its value. The best analyst in the world alerted smart traders that there was trouble ahead for this stock. And our very own Trade Triangle technology nailed this one, just like it has done with so many other markets in the past. This move did not come as a complete surprise to MarketClub members, who have been short Netflix since August 9th at $225.30, with our original sell/exit/short signal. You can put the best analyst to work for you everyday when you use MarketClub.
Why are Tuesdays important? Quite often market reversals happen on Tuesdays. As an example, it's Tuesday and the S&P500 and several other major indices are down from their recent rally highs. Tuesday is when traders decide to take profits based on the momentum from the weekend and Monday. This is the theory behind our 52-week high and 52-week low rule. You follow through with the momentum Friday to Monday and take profits on Tuesday.
Whether or not this is a major reversal in the market is too early to tell, but remember it could be. The S&P500 is coming from a 61.8% Fibonacci upward correction.
There's going to be numerous opportunities in the markets in Q4, like the gold market. We alerted you yesterday with a +100 Chart Analysis Score and gold is up dramatically today, proving again that the market is the best analyst in the world.
Now, let's go to the charts and see how we can create and maintain your wealth in 2011.
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S&P 500 INDEX
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OUR VIEW: Did we top out today?
The S&P 500 has rallied back to a 61.8% Fibonacci retracement, which we expect will present problems for this market this coming week. Intermediate traders should be on the sidelines waiting for a new Trade Triangle signal. Long-term traders should either be in cash or continue to hold short positions in this index.
See today's S&P 500 Video Here.
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 60
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Suggested S&P 500 Trading Instruments:
Non Leveraged ETF's: (Long SPY) (Short SH)
2 x Leveraged ETF's: (Long SSO)(Short SDS)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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Don't miss MarketClub TV this Wednesday at 5pm EDT.
E-mail us your questions at
ma**********@in*.com
or call 410 867-2100 extension 129.
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SILVER (SPOT)
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OUR VIEW: Silver is in a short-term trading range.
Silver is now in a short term trading range with a Chart Analysis Score of - 55. The major trend and intermediate term trend for this metal continue to be negative based on our Trade Triangles. Intermediate and Long-term traders should continue to hold short positions in silver with appropriate stops.
See today's Silver Video Here.
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trend = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = - 55
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Suggested SILVER Trading Instruments:
Non Leveraged ETF's: (Long SLV) (Short the ETF SLV)
Leveraged ETF's: (Long AGQ) (Short ZSL)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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GOLD (SPOT)
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OUR VIEW: Gold is in a long-term bull market.
Key areas to watch in gold on the upside are $1,724 and $1,770. Theses two levels represent 50% and 61.8% Fibonacci retracements. While the long-term and intermediate term trends remain positive for this precious metal, it is still locked in the confines of a fairly significant trading range. Intermediate and long-term traders should maintain long positions with the appropriate money management stops in place.
See today's Gold Video Here.
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Monthly Trade Triangles for Long-Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 100
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Suggested GOLD Trading Instruments:
Non Leveraged ETF's: (Long GLD) (Short the ETF GLD)
Leveraged ETF's:(Long UGL) (Short GLL)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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CRUDE OIL (DECEMBER)
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OUR VIEW: Long-term trend for Crude is still negative.
Crude oil has put in an excellent performance in the short-term. Between $95 and $100, crude oil should run into some head winds. Our long-term Trade Triangle continues to be negative and we expect it will once again dictate the tone of this market. Intermediate term traders should be on the sidelines and long-term traders should continue to be short the crude oil market.
See today's Crude Oil Video Here.
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = + 70
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Suggested Trading Instruments:
Non Leveraged ETF's: (Long USO) (Short the ETF USO)
Leveraged ETF's: (Long UCO) (Short DTO)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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Don't miss MarketClub TV this Wednesday at 5pm EDT.
E-mail us your questions at
ma**********@in*.com
or call 410 867-2100 extension 129.
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DOLLAR INDEX
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OUR VIEW: Dollar finding support.
We expect the dollar index to find support at the 76 level, which was its original breakout point. The dollar index moved to its lowest levels since July 21st and pushed our Chart Analysis Score into a - 70 reading. While our longer-term monthly Trade Triangle remains positive, our intermediate term weekly Trade Triangle is indicating weakness. This indicates that all intermediate and short term traders should be on the sidelines. Long-Term traders should maintain long positions with the appropriate stops in place.
See today's Dollar Index Video Here.
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Monthly Trade Triangles for Long-Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Negative
Combined Strength of Trend Score = - 60
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Suggested DOLLAR INDEX Trading Instruments:
Non Leveraged ETF's: (Long UUP) (Short UDN)
Leveraged ETF's: (Long) (Short)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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REUTERS/JEFFERIES CRB COMMODITY INDEX
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OUR VIEW: FIB Resistance awaits at 323.12
Yesterday's big move in crude oil propelled this index to new recovery highs. The 323.88 level is a 61.8% Fibonacci retracement and we expect it will reign in the current upside momentum for this index. Our long-term Trade Triangle remains negative and we expect to see this market once again resume its downward trend. Intermediate term traders should be on the sidelines. Long-Term traders should maintain short positions with the appropriate money management stops in place.
See today's REUTERS/JEFFERIES CRB COMMODITY INDEX Video Here.
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short-Term Trends = Negative
Combined Strength of Trend Score = + 70
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Suggested REUTERS/JEFFERIES CRB COMMODITY INDEX Trading Instruments:
Non Leveraged ETF's: (Long CRBQ) (Short the ETF CRBQ)
Leveraged ETF's: (Long) (Short CMD)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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As always, we rely on our market proven Trade Triangle technology for catching the big moves.
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Don't miss MarketClub TV this Wednesday at 5pm EDT.
E-mail us your questions at
ma**********@in*.com
or call 410 867-2100 extension 129.
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This is Adam Hewison for MarketClub and I'll see you tomorrow right here with my daily update. Have a great trading day.
All the best,
Adam Hewison
President INO.com and co-founder of MarketClub.com
Looks like there will be another big push up above previous high based on EU outcome today. DAX is still showing strength since yesterday.
We might see green monthly triangle by this week end.
Great riddle. Thanks S
Barack Obama met with the Queen of England.
He asked her, "Your Majesty, how do you run such an efficient government? Are there any tips you can give to me?"
"Well," said the Queen, "the most important thing is to surround yourself with intelligent people."
Obama frowned, and then asked, "But how do I know the people around are really intelligent?"
The Queen took a sip of tea. "Oh, that's easy; you just ask them to answer an intelligent riddle."
The Queen pushed a button on her intercom. "Please send Tony Blair in here, would you?"
Tony Blair walked into the room and said, "Yes, Your Majesty?"
The Queen smiled and said, "Answer me this please, Tony , your mother and father have a child. It is not your brother and it is not your sister. Who is it?"
 Without pausing for a moment, Tony Blair answered, "That would be me."
"Yes! Very good," said the Queen.
Obama went back home to ask Joe Biden , his vice presidential choice the same question. " Joe , answer this for me. Your mother and your father have a child. It's not your brother and it's not your sister. Who is it?"
"I'm not sure," said Biden "Let me get back to you on that one"
He went to his advisors and asked everyone, but none could give him an answer.
Finally, he ran into Sarah Palin out eating one night. Biden asked, " Sarah , can you answer this for me?
Your mother and father have a child and it's not your brother or your sister. Who is it?"
Sarah Palin answered right back, "That's easy, it's me!"
Biden smiled, and said, "Thanks!" Then, he went back to speak with Obama.
"Say, I did some research and I have the answer to that riddle. It's Sarah Palin!"
Obama got up, stomped over to Biden , and angrily yelled into his face, "No! You idiot! It's Tony Blair !"
AND THAT IS PRECISELY WHAT'S GOING ON WITH OUR FEDERAL GOVERNMENT IN WASHINGTON, D.C.
money on their personal accounts
Quite a few earnings came out bad..Is it a good time to enter short positions in FXE/SPY or long in VXX/SDS?
The trade triangles are only good for spotting a trend that has already begun!
Nothing more than looking at candle patterns..
!!!!!!
I read this last night from you Adam
'I think most traders would be better off just watching from the sidelines. '
and sold my gold position of one week's holding.
But after a three per cent jump today you now say:
'like the gold market. We alerted you yesterday with a +100 Chart Analysis Score and gold is up dramatically today, proving again that the market is the best analyst in the world.'
Talk about have your cake and eat it!
Web Observer,
Thanks for your feedback. You will also notice that we never waiverd from our long term bullish view on gold. I have no idea if you are a short, intermediate term or long term trader. Rule out the later as you got out of your position, it was your choice. When you point the finger at me remember you have three fingers pointing back at yourself. It was your decision to exit gold not mine.
All the best,
Adam
Hi Adam,
I am interested in knowing more about your Trade Triangle technology before I may subscribe your service. Would you please show me how your indicators are calculated?
Jim
Jim,
The best I can say is give Marketclub a try for just $8.95.
Adam