Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 5th of December.
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PERSONAL MARKETCLUB COACHING
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Put these two ETFs on your Radar Screen for 2012
Last week, the equity markets put in a powerful upside performance and today they are following through with Friday's momentum.
The big winners are the financials, and they look like they may squeak out of this whole mess alive. Certainly the major trends have not reversed and have not been confirmed to the upside. Today we will be looking at the charts and pin pointing the professional turning points for each of the major markets.
We will also be looking at the markets that were making 52 week highs, we had shared with you last Friday. The two stocks we looked at were Kinder Morgan and Home Depot.
Lastly, we will be looking a two interesting ETFs that you might want to put on your radar screen.
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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For the past week, the cyclicality of the S&P market has not been lost on us and we expect to see this market stabilize and possibly move higher for the balance of December. The Trade Triangles are not confirming the current up move at the moment, but are confirming an emerging trend for the S&P 500. With our weekly Trade Triangle turning positive today, intermediate term traders should now be out of this market. Long-term term traders should either be in cash or continue to hold short positions in this index with appropriate money management stops.
BIG PICTURE: Emerging Trend
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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PERSONAL ONE-ON-ONE MARKETCLUB COACHING
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SILVER (SPOT)
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It is "groundhog day" for this market as it remains trapped and stuck in a trading range. Silver is not out of the woods yet, as it has resistance starting at $33.60 today. Generally speaking, the major trend for silver continues to be negative based on our monthly and weekly Trade Triangles. Long-term and intermediate term traders should continue to hold short positions in silver with appropriate money management stops.
BIG PICTURE: Strong Trend Bearish
Combined Strength of Trend Score = -100
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 = -100
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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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With a Chart Analysis Score of -50, gold is stuck in a trading range. Despite the move up and pullback in gold last week, it did not change the status of our weekly Trade Triangle. We remain positive on this market longer term and expect we will see it move much higher in 2012 as inflation kicks in around the world. 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.
BIG PICTURE: Trading Range
Monthly trade triangles for Long-term trends = Bullish
weekly trade triangles for intermediate term trends = Bearish
daily trade triangles for short-term trends = Bearish
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 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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Resistance comes into copper today at the top of the Donchian trading channel at $3.63. With today's Chart Analysis Score of +60, the market is indicating that it is moving into an emerging trend. As stated before, copper generally reflects economic conditions, and as such is influenced by equity prices. With equity prices moving higher, 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.
BIG PICTURE: Emerging Trend
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 = +60
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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 (JANUARY)
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The $101.75 area basis the January contract appears to be offering resistance for this commodity at the present time. Crude oil remains the shining star of the commodity world and has become the currency of choice. With all of our Trade Triangles green, giving us a +90 Chart Analysis Score, it would appear as though we are in a strong bullish trend. At the present time all our Trade Triangles remain in a positive mode which is the direction of the major long term trend. Major resistance remains between the $102 and $103 levels. Long-term, and intermediate term traders should be long this market with appropriate money management stops.
BIG PICTURE: Strong Trend Bullish
Monthly Trade Triangles for Long-Term Trends = Bullish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bullish
Combined Strength of Trend Score = +90
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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 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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PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at 877–219–1482!
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DOLLAR INDEX
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The $78 area for the dollar looks as though it's becoming increasingly vulnerable on the downside to a break in this index. The possibility of a major double top in this index is something every trader should be aware of. With two of our three Trade Triangles in a positive mode we remain bullish on the market. Long-Term and intermediate term traders should maintain long positions with the appropriate stops in place.
BIG PICTURE: Trading Range
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 = +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 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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Based on our Trade Triangle technology, this index is in a bearish trend. We will wait and watch this indicator and our Trade Triangles looking for a sign that the inflation bull is upon us. Resistance is evident at $315, with support coming in between $305 and $310. 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.
BIG PICTURE: Trading Range
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 = -85
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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 is 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!
--------------
This is Adam Hewison for MarketClub and I'll see you tomorrow, right here with your mid-day update. Have a great trading day.
All the best,
Adam Hewison
President INO.com and co-founder of MarketClub.com
It's great to see Adam emphasizing the charts. No matter what happens in the world of finance, you can't go from A to Z without passing through B,C,D...In other words, if what some "market guru" is telling you is actually true, it will ALWAYS be reflected in the price.
Here's a couple examples:
First, on Saturday, the precious metal world was abuzz that fund manager Eric Sprott was looking to buy 40 million ounces of silver. The "experts" who were relaying this info said everyone should buy silver before it shot up on Monday. Silver tanked yesterday (Monday). The trade triangles would have kept you out of the trade. If Sprott WAS buying a bunch of silver, the price would reflect its impact on the silver market. Why guess when the trade triangles tell you what IS happening, not what SHOULD be happening according to some "expert" who has his own agenda, even if it's just to look like an expert.
Second, in around September, the panel on CNBC's Squawk Box were all over the gold miners trade. Two of them picked Kinross Gold as their miner of choice. Since that recommendation, Kinross has lost about 18%. The trade triangles would have given you a 3% loss if you'd taken the original trade. Or you could've had a gain if you'd used some of the more aggressive indicators.
Bottom line: Quit listening to the news, unless it's for entertainment! It'll kill your trading. If something in Europe will have a major impact on the markets, let the markets tell you what that impact will be. Why gamble when the markets will tell you EXACTLY what the effect will be.
I have never seen so many traders miss out on an opportunity as have missed out on the market gains since early October because they were mesmerized by the negativity around Europe and all the talking heads saying the best position was to be out of the markets. For example, since the weekly triangle on oil on October 16, it's up over $13000 per contract. If you trade 10 contracts, that's a pretty good payday for one mouse click in 5 weeks -- $133,000.
If you missed out, let it be a lesson.
DGDye,
Thanks for your feedback. Yes, it is a lesson that to few traders embrace.
All the best,
Adam
Hello,
I am very happy to be a subscriber at Market Club and congratulation to all team for your work, it helps me a lot in trading, especially triangles.
I need your help because I can t open all the workbook (pdf) in the school session ?
And also I would like to know how can I get the model s market club portofolio in my portofolio (perfect portofolio, worldcup portofolio and global strategy Portofolio) ?
Thank you for your help,
Best Regards,
Cedric,
Thank you for the kind words, we're glad to have you on board as a member.
You may need to update your Adobe Reader to download the PDF's. Keep in mind that they are large files as well ans may take some time to download. You get the update here http://get.adobe.com/reader/
As or the Portfolio's, you have to manually enter each one in your Portfolio Manager. We are looking to add a "quick add" feature in the future.
Best,
Jeremy
Trying to do ANY sort of fundamental analysis in this market is like bringing a #2 pencil to a gunfight. ( Chris Adams)
Let's see what the gathering of sociopaths and incompetents ( Central bankers and Politicians) throw at us on Friday...PRINT PRINT PRINT could very well see Brazil and Russia astound the markets! Right now, we are the mercy of interventionists and and desperate politicians...but you have to respect their ability to push around the markets...where is the dramamine!
I logged into intv and the daily update video does not run? You make it difficult to find the two ETF's. What are they?
Tim,
As a MarketClub member you don't have to log into INOTVto view the video. All you need to do is click on the video on your MC Homepage which is located on the right side of the page in a section labeled "Member Tutorial and Video Tools." Adam shows the two ETF's at the 12 minute mark. Incidentally, the two ETF's are part of our Global ETF Portfolio that is also available to Members on the MC Homepage.
Best,
Jeremy
I'm in the process of reviewing one year predictions for 2011... and It really shows the importance of not simply buying the ETF or stock and holding, but also trading it based on its ebb and flow.
I am not able to see the two etf to keep a watch as mentioned in this article.
can somebody help
Jwalant,
The two ETFs are uncovered in Adam's 1PM Daily Market Updates. If you're registered for INO TV, just enter you username and password. Watch the video. Keep a good eye around the 12 minute mark 🙂
If you're not registered it just takes a second: http://tv.ino.com/free/?blogresponse
If you have any questions, feel free to shoot our team a message at
su*****@in*.com
.
Best,
Lindsay Bittinger
INO.com, Inc.
Best,
Lindsay's