Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 30th of January.
The "Golden Cross"- Ignoring it can be costly.
Today we will examine the "Golden Cross" and just how close we are to seeing this happen in the S&P 500. We'll also look at the cyclicality of the "Golden Cross" and see what it could lead to in the next several months.
3 Stocks on our radar today:
GANNET CO INC (GCI), STAPLES INC (SPLS), and CBRE GROUP INC (CBG).
Did MarketClub's Trade Triangle technology get it right for these three stocks?
Always remember …
DON'T FIGHT THE MARKET … MOVE WITH THE MARKET
Now, let's go to the charts and MarketClub's Trade Triangle Technology.
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S&P 500 INDEX
BIG PICTURE: Strong Trend +85
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100
As we mentioned last week, we were looking for a pullback in the S&P 500 and today's action is a reminder that this is a two-way street. Longer-term, we expect this market to move up to the $1370 to $1380 level and that could happen as early as May, based on cyclic work. With two of our Trade Triangles green, a bull market is underway. Long and Intermediate term traders should now be holding long 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 = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100
The silver market faces some stiff resistance between $34 and $36 and we expect the base levels to contain the current rally. We think this market is at the top of a trading range cycle, but has nor provided conclusive proof that the cycle has indeed topped out. With a Chart Analysis Score of +70, silver maybe moving into an emerging trend. With our long-term monthly Trade Triangle red, we expect to see this market run out of steam around current levels. This particular indicator has done extremely well in the past. Long-term term traders should be in short positions in silver with appropriate money management stops. Intermediate term traders should be on the sidelines.
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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: Emerging Trend +70
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100
The gold market faces some stiff resistance around the $1750 level, that extends all the way to $1800 an ounce. We would expect to see more of a two-way market in the weeks ahead. That factor along with our negative monthly Trade Triangle continues to act as an inhibitor for this market on the upside. Long-term term traders should be in short positions in gold with appropriate money management stops. Intermediate term traders should be on the sidelines.
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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: Emerging Trend +75
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100
The copper market has fallen back to a Score of +75, indicating that an emerging trend is beginning to take place. We continue to be positive on this market and expect the $3.75 level to act as support for any further weakness. As we have said in the past, copper generally reflects economic conditions, and as such is influenced by equity prices. Look for support at the $3.70 level. The market action looks as though it has created a large base to move higher in the future. Upside target zone for copper is $4.00. Long and Intermediate term traders should now be holding long positions in this index with appropriate money management stops.
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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: Trading Range -60
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bearish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100
For the past week, the crude oil market has been moving sideways and is officially in a trading range with a -60 Chart Analysis Score. We still remain longer-term positive on this market, however it must move over resistance at $104 to get its upside momentum into high gear. With our monthly Trade Triangle in a positive mode, we expect we will see further market consolidation in crude oil. Long-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: Emerging Trend -70
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bearish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100
This index is in an emerging trend to the downside with a -70 Chart Analysis Score. Our longer-term monthly Trade Triangle remains in a positive mode, indicating that higher prices should be on their way. This mixed picture could also mean we will see a pullback to the $78.22 level and the $77.38 level. Both of these levels represent Fibonacci retracement points of 50% and 61.8%. Long 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 +60
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100
This index has now pulled back to its original neckline break out and we expect it to find support around current levels. Our longer-term monthly Trade Triangle continues to be negative on this market. Somewhere along the line, this trend will change and we believe it will be an important turning point in the inflation spiral that could be waiting for all of us. 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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Give us a call at: US Toll Free: 1-877-219-1482
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This is Adam Hewison for MarketClub and I'll be here tomorrow with my daily update. Here's to a positive trading day!
Take care everyone,
Adam Hewison
President INO.com and co-founder of MarketClub.com
This blog have a very nice and interesting info. Please keep blogging.
I find that the major drifts of all programs are heavy money stocks. I for one have a very small portfolio (money wise) so it is very important for me to find the best stocks to purchase at a reasonable price. Bottom line is I am looking and I would like to know when stocks are just starting their up cycle and are showing a strong trend moving up. Can anyone help me here
I too find the daily video's difficult to locate, such as the death
cross video, where exactly is it located?
In which video for the cyclical info, today's S & P video?
I've tried the homepage links numerous times now and have just aborted out of frustration and time consumption.
I had previously been a member, Hi Adam, you were kind enough to call and offer one on one guidance years ago with the giant footprint charts.
Certainly with the technology you employ with your services, both subscription and free, you could come up with an easier direct link for these videos as opposed to making in cumbersome and having potential subscribers turn away.
Mike
I too cannot access this selection. The link seems to be not functioning
ML,
We just tested the links and they are functioning as normal. Please try it again.
Cheers,
Jeremy
Keep up the good work MarketClub. i find your free auto updates very useful & easy to understand. Cute colorful appropriate graphics. great job!!!
Where is the cyclical look at the 'Golden Cross'
I don't see it here on your webpage following the
the sentence in which it is mentioned.
EDT
Chicago, Illinois
Eric,
You can see the cyclical info in the video.
All the best,
Adam