Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 29th of November.
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IS PERSONAL MARKETCLUB COACHING RIGHT FOR YOU?
Free call - 877–219–1482 - Free consultation.
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Don't Worry, December 9th fixes everything ...
Here are the problems I see in Europe: There are 17 countries involved in the EURO ZONE who are member states. That equates to 17 sovereignties, hundreds of political egos, and millions of voters who have to accept the forthcoming austerity measures. No wonder nothing can get done.
If that was not a big enough challenge, layered on top of all that you have The International Monetary Fund (IMF), The European Central Bank (ECB) and the European Financial Stability Facility (EFSF). You mix those 3 organizations, their egos, with 17 sovereign countries and you have a recipe for total inaction and disaster.
All the players are supposed to have a big meeting on December 9th, which should solve all the problems in Europe. We sincerely doubt that it will.
We think this will be just another "kick the can down the road" moment that will carry everything forward and into 2012 with the same problems.
As always we will rely on Trade Triangle technology to keep us on the straight and narrow and on the pathway to profits in 2012.
Now, let's go to the charts and the video and see how we can create and protect your wealth for the balance of 2011.
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S&P 500 INDEX
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BIG PICTURE: Bearish
Combined Strength of Trend Score = -75
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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See today's S&P 500 Video Here.
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Our short term daily Trade Triangle is bullish indicating a possible move to the $1218 to $1230 level on the S&P 500 index. These two levels represent a 50% and 61.8% counter-trend rally correction. With a Chart Analysis Score of -75 we are not getting overly excited on the upside with this market. Long-term and Intermediate 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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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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PERSONAL ONE-ON-ONE MARKETCLUB COACHING
Free call - 877–219–1482 - Free consultation.
Watch my personal one-on-one coaching right here.
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SILVER (SPOT)
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BIG PICTURE: Bearish
Combined Strength of Trend Score = -75
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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See today's Silver Video Here.
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The spot silver market, which we believe is in a longer term bear market based on monthly and weekly Trade Triangles, has been moving sideways for the past 10 days. There is support on the downside at the $31 area and resistance that comes in to the market around $32.50. Generally speaking, the major trend for silver continues to be negative based on our monthly Trade Triangle. Our intermediate weekly Trade Triangle turned negative on 11/17. Long-term and intermediate term traders should continue to hold short positions in silver with appropriate money management stops.
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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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IS PERSONAL MARKETCLUB COACHING RIGHT FOR YOU?
Free call - 877–219–1482 - Free consultation.
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GOLD (SPOT)
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BIG PICTURE: Trading Range
Combined Strength of Trend Score = +55
Monthly trade triangles for Long-term trends = Bullish
weekly trade triangles for intermediate term trends = Bearish
daily trade triangles for short-term trends = Bullish
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See today's Gold Video Here.
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There looks to be an equilibrium between the buyers and sellers of gold, as this market has really failed to take off on the upside. Today's Chart Analysis Score of +55 indicates that gold is stuck in a trading range. Long-term traders should remain positive for this precious metal. Intermediate term traders should be out of this market at the moment and on the sidelines waiting for a buy signal with the weekly Trade Triangle.
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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: Bearish
Combined Strength of Trend Score = -75
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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See today's Copper Video Here.
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The copper market continues to reflect the equity market and is now fast approaching the top of the Donchian trading channel. That level comes in today at $3.4255. Our weekly and monthly Trade Triangles remain in a negative mode and we do not expect this rally has much further to go on the upside. Generally speaking, the major trend for this metal continues to be negative. Long-term and intermediate term traders should continue to hold short positions in copper with appropriate money management stops.
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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 (JANUARY)
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BIG PICTURE: Bullish
Combined Strength of Trend Score = +100
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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See today's Crude Oil Video Here.
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Through all of the turmoil in Europe and equity prices crashing, it would appear as though the oil market is putting in a remarkable performance. With all of our Trade Triangles green and giving us a +100 Chart Analysis Score, we are in a strong bullish trend at the moment. All our Trade Triangles remain in a positive mode which is the direction of the major long term trend. Resistance remains at the $100 level. Long-term, Intermediate term should be long this market with appropriate money management stops.
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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 in some ETFs is very thin. Contact your broker for more information.
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IS PERSONAL MARKETCLUB COACHING RIGHT FOR YOU?
Free call - 877–219–1482 - Free consultation.
Watch my personal one-on-one coaching right here.
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DOLLAR INDEX
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BIG PICTURE: Bullish
Combined Strength of Trend Score = +75
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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See today's Dollar Index Video Here.
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Our daily Trade Triangle moved into a bearish position yesterday, which was a tip-off for today's market action. However, with our weekly and monthly Trade Triangles still in a positive mode, we have to believe that after this period of consolidation is over, we will see the dollar index resume its bullish trend and move higher. The overall trend continues to be positive and we would not be surprised to see this market continues to regroup before going higher. Two of our three Trade Triangles are in positive mode indicating that this market remains in a bull market. Long-Term and intermediate term traders should maintain long positions with the appropriate stops in place.
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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: Bearish
Combined Strength of Trend Score = -90
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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See today's REUTERS/JEFFERIES CRB COMMODITY INDEX Video Here.
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The $305 level is now a key support level for this index and we expect we will see more backing and filling in this market. A move over the $310.50 level would indicate that we have more than likely put in a mini interim low for this index. Resistance is also evident at the $315-$320 levels, with support coming in between $300 and $305. Our long and intermediate term Trade Triangles remain negative for this index. Long-term and intermediate term traders should continue to hold short positions in silver with appropriate money management stops.
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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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IS PERSONAL MARKETCLUB COACHING RIGHT FOR YOU?
Free call - 877–219–1482 - Free consultation.
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HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Chart Analysis Score: 50 - 65 Trading Range
Chart Analysis Score: 70 - 80 Emerging Trend
Chart Analysis Score: 85 - 100 Strong Trend
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This is Adam Hewison for MarketClub and I'll see you tomorrow, right here with my mid-day update. Have a great trading day.
All the best,
Adam Hewison
President INO.com and co-founder of MarketClub.com
Lalji, one nice thing about real property is that you judge for yourself about its status and condition. With land, you can live there, grow things, stand on it and survey the neighborhood. I personally have grown tired of the endless manipulation of stocks and bonds. Nowadays people say that the idea of "buy and hold" is dead, which essentially means you have to be willing to buy and sell on a regular basis. When you start figuring in the costs of this process, they become quite large if you add up the fees and the differences between the buy and sell prices, you always have to make a certain percentage just to break even . . . and believe me, in this market, with 70-80% of trading being conducted by big banks with hypersonic software making "baskets" of trades, you had better not count on making money by day-trading, you will get your butt handed to you on a platter unless you are one lucky guy.
The biggest problem is that most small investors do not have enough money to diversify enough to avoid money management problems, so they put too much into a few trades that make them vulnerable to big losses from which they cannot recover. Personally, I bought a farm that is now paid for. I love being there, I can also count on living off the land if worse comes to worse.
Dear sir,
If anybody does not have much knowledge in stock marketing and he is a long term investor what he should do ?
Dollar will blink first. As long as governments manipulate the inflation basket by re-weighting items and change items in the basket, they can hide inflation till eternity. And the official inflation basket is all that they need to concern themselves with and do... Until people start finding fault with how they measure inflation, inflation and interest rates, need never rise, even though, people won't be able to afford much.
U.S. Dollar....bullish signals across the board. Crude oil....bullish signals across the board. Something has to give.
Who will blink first?
The enormous debts accumulated by many governments cannot and will not be repaid. In fact, there is no intention to repay, just the opposite . . . the policy is to accumulate ever larger debts while simultaneously creating endless trillions of electronic dollars/euros/etc. As Jim Willie says, these governments (led by the US), "accumulate larger debts and plan the swindle of inflation in return. Their only viable approach, hardly a solution, is to inflate debt and thus to reduce its burden. . . .Vast inflation is the only politically viable method of repudiating these unmanageable obligations."
There will be a breaking point when the large banks, who have for years held the prices of silver and gold down through vast, naked shorts, will be overwhelmed by the demand for deliver of physical metal, created by the collapse of the international monetary system. The sentinel event will be the demise of the petrodollar, which will eliminate the US dollar as the global reserve currency.
while it may be true that one can buy a gallon of gas for the same price one did in the 30's (10 cents)-as long as it is paid for with a dime minted prior to 1965, the fact is that equity prices for a particular commodity tend to go down prior to the prices for that commodity. in the short run the physical silver may go down to as low as $28, or even $20-23 depending upon how politics and governments manipulate events, or perhaps, it is not the end of the world after all, at least for awhile. still, longer term, money will need to be printed to paper things over and inflation will no longer be able to be denied officially, as it is now, and prices will rise, as they are now, but deflation may actually intervene before the runaway inflation. holding the physical asset for the long term would seem to be prudent irregardless of what happens in the short run, even 'temporary' deflation as suggested by current commodity price action. it is a convoluted 'kick the can down the road' we are living in.
on the other hand, maybe everything is really alright.