Happy New Year traders everywhere! Adam Hewison here, co-founder of MarketClub with our first market update in 2012.
Crude Oil on the move.
Tensions, technicals and Triangles propel crude oil higher!
Gold …
Have the Trade Triangles got this one wrong?
3 stocks on the move....
Micron (MU), Peabody Energy (BTU) and Nabors Industries (NBR). Let's see what our Trade Triangle technology thinks about them.
Is Europe is still a problem?
Have trader's attitudes changed over the holidays?
Now, let’s go to the one truth we count on everyday here at MarketClub, our Trade Triangle Technology!
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S&P 500 INDEX
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BIG PICTURE: Emerging Trend
Strength of Trend Score = +70
This market remains mired in a broad holiday trading range and will probably stay that way unless it closes over $1,300. With two of our three Trade Triangles now green, it is signaling that intermediate term traders should now be out of this market. Long-term traders should either be in cash or continue to hold short positions in this index with appropriate money management stops.
Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bullish
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HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
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See today’s S&P 500 Video Here.
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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 in some ETFs is very thin. Contact your broker for more information.
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SILVER (SPOT)
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BIG PICTURE: Trading Range
Strength of Trend Score = -55
This market remains mired in a broad holiday trading and will probably stay that way for the week. A close over $30 would put in an interim bottom. The major trend is to the downside in both the weekly and monthly Trade Triangles. Only the daily Triangle is in a positive mode. Long-term and intermediate term traders and short term traders should be in short positions in silver with appropriate money management stops.
Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trend = Bearish
Daily Trade Triangles for Short-Term Trends = Bullish
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HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
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See today’s Silver Video Here.
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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 in some ETFs is very thin. Contact your broker for more information.
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PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at 877–219–1482!
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GOLD (SPOT)
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BIG PICTURE: Trading Range
Combined Strength of Trend Score = -55
This market remains mired in a trading range and will probably stay in that mode for the balance of the week. With a Chart Analysis Score of -55, we expect this market to continue to be choppy but would not rule out a test of the $1620 level. With our monthly Trade Triangle now in a negative position we are no longer bullish on this metal. Intermediate term traders should be short this market for the moment, waiting for the next signal with the weekly Trade Triangle.
Monthly trade triangles for Long-term trends = Bearish
weekly trade triangles for intermediate term trends = Bearish
daily trade triangles for short-term trends = Bullish
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HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
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See today’s Gold Video Here.
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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 in some ETFs is very thin. Contact your broker for more information.
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COPPER (MARCH)
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BIG PICTURE: Emerging Trend
Strength of Trend Score = +70
With a Chart Analysis Score of +70, this market is in an emerging trend mode and quite choppy. As stated numerous times, copper generally reflects economic conditions, and as such is influenced by equity prices. With equity prices moving higher today, it is in return reflected in higher copper prices. The major trend based on our monthly Trade Triangle continues to be negative. Long-term traders should continue to hold short positions in copper with appropriate money management stops. Intermediate term traders should now be on the sidelines.
Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bullish
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HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
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See today’s Copper Video Here.
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Suggested Copper Trading Instruments:
Non Leveraged ETF’s: (Long JJC)
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 in some ETFs is very thin. Contact your broker for more information.
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CRUDE OIL (MARCH)
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BIG PICTURE: Strong Trend
Strength of Trend Score = +100
With a Chart Analysis Score of +100, this market is in a strong upward trend. The crude oil market has resistance starting at $102 up to the $103 level. Long and intermediate-term traders should be long this market with appropriate money management stops.
Monthly Trade Triangles for Long-Term Trends = Bullish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bullish
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HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
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See today’s Crude Oil Video Here.
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Suggested Crude Oil 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 in some ETFs is very thin. Contact your broker for more information.
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DOLLAR INDEX
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BIG PICTURE: Trading Range
Strength of Trend Score = +55
This market remains mired in a trading range and will probably stay in that mode for the balance of the week. Look for resistance today at $80.20 and support at $79.00. With two of our three Trade Triangles in a positive mode Long and intermediate term traders should maintain long positions with the appropriate stops in place.
Monthly Trade Triangles for Long-Term Trends = Bullish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bearish
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HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
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See today’s Dollar Index Video Here.
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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 in some ETFs is very thin. Contact your broker for more information.
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REUTERS/JEFFERIES CRB COMMODITY INDEX
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BIG PICTURE: Strong Bearish Trend
Strength of Trend Score = +70
We continue to view this index in a longer-term negative mode and we expect that it will run into resistance around the $314.00 to $316.00 levels. With a Chart Analysis Score of +70, this market moved in to an emerging trend. Our long term Trade Triangle remains negative for this index. Long-term traders should hold short positions in this index with appropriate money management stops.
Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bullish
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HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
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See today’s REUTERS/JEFFERIES CRB COMMODITY INDEX Video Here.
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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 in some ETFs is very thin. Contact your broker for more information.
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PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at 877–219–1482!
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This is Adam Hewison for MarketClub, I'll see you tomorrow, right here with my mid-day update. Have a successful trading day.
Adam Hewison
President INO.com and co-founder of MarketClub.com
Is The FED and are ALL the other Central Banks FINISHED pumping printed money into their economies? NO? Well then the obvious answer is: NO, GOLD IS NOT FINISHED RISING IN PAPER CURRENCY PRICE!! Here is the data to draw an utterly simplistic two point chart for which you do not need Trade Triangles:
Year 1939 Gold Price $20
Year 2012 Gold Price $1620
If you want to get fancy, you can use a compounding rate equation and calculate that $20, compounded yearly at 5.5% for 80 years, yields a Final Value of $1613.57.
Have fun!!
First, the sentiment towards commodities especially silver and gold remain immensely bullish (interpreted there is an excessive pessimism, similar to the bottom of 2008) and two, the S and P is not measured in dollars ($1,300,) but points. But keep trying.
ETF's come with a health warning - some observers say that there are not the assets to back the paper up & tracking the correct price only works for the long term.
I would not want to put too much money into them.