We had a major controversy on our blog this weekend … If you didn't catch what we said, hop over there after today's broadcast and let us know what you think. READ HERE
Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 9th of January.
Merkel and Sarkozy get cozy again over a transaction tax
We look at how our Trade Triangles view the Euro and the gold market. Is is all over for both of these markets?
Why stock names shouldn't matter
JUNIPER NETWORKS (JNPR), NETFLIX (NFLX) and CAREFUSION CORP (CFN). Let's see how our Trade Triangles analyze these stocks.
Has the rally in the bank stocks come to an end?
We examine three bank stocks today and show how our Trade Triangles view these stocks.
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
BIG PICTURE: Trading Range +60
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend
Today is the first day of trading on a Monday for the New Year. It also marks the end of Silly Season and the markets should be much more predictable than they have been for the past two weeks. We are currently rotating in and out of a trading range in this index, which currently shows a Chart Analysis Score of +60. 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.
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Watch 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)
BIG PICTURE: Emerging Trend -70
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bearish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend
It would appear as though silver has put in an interim top at the $29.70 level. A close over $30 is needed to confirm an interim bottom. With a -70 Chart Analysis Score, we are emerging to the downside. The major trend is to the downside in the weekly, monthly and daily Trade Triangles. Long-term and intermediate term traders and short term traders should be in short positions in silver with appropriate money management stops.
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Watch 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 & 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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GOLD (SPOT)
BIG PICTURE: Trading Range -65
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bearish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend
We would not be surprised to see a pullback to the $1560 level within the next couple of weeks. Only the daily Trade Triangle is green, indicating we can see more sideways action in the very short term. With a Chart Analysis Score of -65, we expect this market to continue to be choppy. 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 at the moment waiting for the next signal with the weekly Trade Triangle.
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Watch 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 & 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)
BIG PICTURE: Trading Range -55
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend
We suspect that an interim top has been put in the copper market at the $3.50 to $3.55 levels. With a Score of -55, we believe we are reemerging back to the downside. If that is the case, it probably does not auger too well for the equity markets. T he 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.
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Watch today’s Copper Video Here.
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Suggested Copper Trading Instruments:
Non Leveraged ETF’s: (Long JJC)
Futures & 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)
BIG PICTURE: Emerging Trend +75
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend
The Chart Analysis Score of +75 in this market indicates an emerging trend to the upside. We are, however, a little concerned that this market has made a four day low, and this should be watched closely. The crude oil market has resistance starting at $104. Long and intermediate-term traders should be long this market with appropriate money management stops.
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Watch 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 & 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
BIG PICTURE: Strong Trend +100
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend
With all three of our Trade Triangles in a green positive mode, this index is in strong hands and in a strong upward trend. Our Trade Triangle technology has been long this index for quite sometime. A note of caution, this index hit our predicted target zone of $81.50 early this morning and it maybe vulnerable to a pullback. Long and intermediate term traders should maintain long positions with the appropriate stops in place.
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Watch 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
BIG PICTURE: Trading Range -55
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend
The action seen last Wednesday confirms that we have a top in place at $314. With a Chart Analysis Score of -55, this index is remains in a trading range. Our long term Trade Triangles remain negative for this index. Long-term traders should hold short positions in this index with appropriate money management stops.
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Watch 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 & 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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This is Adam Hewison for MarketClub and I'll see you tomorrow, right here on the MarketClub TV channel. Update starts at 1 p.m.EST.
Take care everyone,
Adam Hewison
President INO.com and co-founder of MarketClub.com
I am very concerned this triangle will turn green shortly, whereas the trade triangles have led us to believe there is a long term
bear market here, which is really evolving to not be the case. here does not seem to be an intermediary advice, as the guidance
for long term traders is to be short the market ( Long-term traders should either be in cash or continue to hold short positions in this index with appropriate money management stops. ) Doesn't this seem suicidal ?
jasimills,
Thanks for your feedback. A monthly green Trade Triangle kicked in today in the SP500. We now have a strong confirmed upward trend in ths index which is following the DOW index were we had a signal 12/23 at 12,284.
Are you familiar with how we filter trade using our Trade Triangle Technology?
All the best,
Adam
Like I said before, re: Politicians, dictators , cults etc...Psychopaths make the world go around...
So, back to the markets...
testing if can post.
Yes, you can!
Adam
I read some of your stuff,but i believe using gld,slv, or those proxies for an investment defeats your purpose for investing in metals.Trade triangles and all your stuff does not help you and you are doing an injustice to your group.If you invested in physical metal you wouldn't lose money in the metal because of manipulation of lmba and cme,and futures.good luck with your triangles.
Would like to see the trade triangles for the euro in the daily report.
Regards,
J. Burke