It's time to enjoy the holidays!

It's time to enjoy the holidays!

Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 22nd of December.

Yahoo, Amazon, Google ...
We examine these three stocks and share with you the big trends of 2011 and what to look for in 2012.

Oil costs more and more ...
We take a close look at crude oil today and find out if the economy is weak, why is this market higher for the year?

Euro/dollar …
Is this currency pair getting ready to implode or rally?

Spotlight on 3 stocks having big moves today
We will let our Trade Triangle technology analyze these three stocks and make the call.

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

This market remain mired in a broad trading range and will probably stay that way for the balance of the year.  Anyone who thinks the markets are not technical, only has to look at yesterday's action.   It was a perfect example of how markets act both technically and in the "Silly Season".  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

Combined Strength of Trend Score = +70
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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: Strong Bearish Trend

A close below $29 today is bearish.  The trend is clearly on the downside in both the weekly and monthly Trade Triangles.  Only the daily triangle is in a positive mode and we expect to see that turn red towards the end of the trading week.  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

Combined Strength of Trend Score = -75
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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

We expect this market to continue to be choppy, but would not be surprised to see a test of the $1575 level. Gold has a Chart Analysis Score of +55, which equates to an trading range.  With our monthly Trade Triangle so far remaining in a positive position we are longer term bullish on this metal.  Intermediate term traders should be out of this market at the moment and on the sidelines waiting for the next signal with the weekly Trade Triangle.

Monthly trade triangles for Long-term trends = Bullish
weekly trade triangles for intermediate term trends = Bearish
daily trade triangles for short-term trends = Bullish

Combined Strength of Trend Score = +55
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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: Trading Range

We suspect that the $3.43 level that we saw earlier yesterday will be enough to contain any further rallies in this market.  With a Chart Analysis Score of +50, this market remains in a trading range.  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

Combined Strength of Trend Score = -50
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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: Trading Range

The crude oil market has resistance starting at $100, up to the $102/barrel level. We expect these two levels will contain most of this week's activity.  With a Chart Analysis Score of +75, this market is at the beginning of an emerging trend. The March contract now has a confirmed a double top.  Long-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 = Bearish
Daily Trade Triangles for Short-Term Trends = Bullish

Combined Strength of Trend Score = +75
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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: Strong Bullish Trend

Look for resistance today at $80.50 to $81.00 and support at $79.25.  With two of our three Trade Triangles in a positive mode giving a score of +75.  Long Term 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

Combined Strength of Trend Score = +75
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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

The rally in the crude oil market and other commodity markets was enough to rally this index from the recent lows around $295.00.  We continue to view this index in a longer-term negative mode and we expect that it will run into resistance around the $305.64 level today. With a Chart Analysis Score of -75, this market just slipped in to an emerging trend.  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 this index with appropriate money management stops.

Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trends = Bearish
Daily Trade Triangles for Short-Term Trends = Bullish

Combined Strength of Trend Score = -75
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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 and I'll see you tomorrow, right here for our last update for 2011!

All the best,
Adam Hewison
President INO.com and co-founder of MarketClub.com