Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 P.M. market update for Tuesday, the 13th of December.
Verizon, Netflix, Jive Talking and the dollar is king again.
Verizon and Netflix a marriage made in..
Could be interesting, but what are the charts telling us?
Jive software comes to the party with an IPO.
King Dollar
We will delve into the currency markets today and analyze what is going on in the dollar/euro relationship and compare the dollar to a basket of world currencies.
Is Gold in a bear market?
The gold market got whacked yesterday with general market liquidation. We will analyze yesterdays action and today's tepid rally and see what's ahead for this metal.
3 Stocks on the move
These stocks are having big percentage moves today. We will examine those moves with our Trade Triangle technology, and see if those stocks are worthy of your consideration.
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: Trading Range
Choppy, choppy, choppy-that's all you can say about this market. The Trade Triangles are showing a Chart Analysis Score of +55, indicating we are in a trading range for the S&P 500. Our weekly Trade Triangle turned positive over a week ago, 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 = 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 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
No change in our comments for silver. With a Chart Analysis Score of -100 the silver market is in a strong trend to the downside. 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 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 = Bearish
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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BIG PICTURE: Emerging Trend
The gold market continues to flounder, but is not yet in a full fledged bear market. Gold has a Chart Analysis Score of -70, which equates to an emerging trend. 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 = Bearish
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 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
With today’s Chart Analysis Score of -75, the market is in an emerging trend to the downside. Resistance comes into copper at $3.50 with support at $3.40. As stated numerous times, copper generally reflects economic conditions, and as such is influenced by equity prices. With equity prices moving lower today, it is in return reflected in lower 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 = 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 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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BIG PICTURE: Strong Bullish Trend
Crude oil hit its highest level in four days, which moved our score for this market back to +100. Look for the $102.00 area basis the January contract to offer stiff resistance for any rallies in this market. Support comes in around the $95 level today. With all three of our Trade Triangles green, giving us a +100 Chart Analysis Score, we are in a Strong Bullish Trend for crude. Long-term, and intermediate 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 = Bullish
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 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
New highs on this index reflect our analysis for the past month. Today's strong rally in this index reaffirms the positive trend we have been talking about since early November. Resistance kicks in today at $80.00 to $81.00. With all of our Trade Triangles in a positive mode, we remain firmly committed to the bullish trend in this market. 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 = 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 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 pop in crude oil today managed to rally this index, however this market is in a deflationary mode and looks ready to challenge the lows seen on October 4th at $292.39. Based on our Trade Triangle technology with a Chart Analysis Score of -90, this index is in a strong bearish trend. Support should be seen at the $295 - $301.50 area for the balance of this week. With all three of our Trade Triangle indicators red we remain firmly in the bearish camp for this market. Our long, intermediate and now short-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.
Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trends = Bearish
Daily Trade Triangles for Short-Term Trends = Bearish
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 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 on the MarketClub TV channel at 1pm. Have a great trading day.
All the best,
Adam Hewison
President INO.com and co-founder of MarketClub.com
they are selling physical at a premium of Rs 1000 above the normal price of spot .. sometimes even more
Correction, its even more real than the real gold because when a ton of it gets bought/sold in the market then it moves the price of it regardless if its paper or metal. Nobody is forcing you to use it and if you think the paper is worthless then give it away to someone that has more common sense.
OH GEE, gold sells off over $100, I really want the worthless fiat dollar instead of gold and silver. Who are they kidding!
Apparently the gross synthetic dollar short is presently over ten trillion.
It´ll be the mommy of all squeezes. You may want to short just about everything. Oh, and do buy those bonds.
With OIL going up, and the prediction of some saying 5 a gal of gas coming next yr, that should kill what is left of the economy, riots and civil war will start in the USA...prepare as robberies will occur more often then not...look out Top 1% ! I think the American at large will be aiming for you ...
The dollar is fine and the price of U.S. govt. debt is slightly off a 100-year high.
Buy a 10-yr note at a yield of 2% and sell it at a handsome profit next year when the yield has fallen to 1.5%.
Check out the trading channel of the last 25 years or so:
http://tinyurl.com/bsmvmka
There seems little doubt that the yield will be driven to almost zero if needed.
Thanks, Adam, for providing this forum.
Apparently money is not being printed at the moment and the market people who expected free money to rain down from heaven were miffed. So they sold off almost everything and bought dollars in larger measure. Once the First Turd is out of office things should turn around from the current infantile-retardo anti-corporate college Marxism. I saw this in school after Lyndon Johnson got into office and it continued as the nation sank deeper into porn and neccidism. What we see in the Occupy movement is a product of Marxist degeneracy being taught in schools coupled with a hatred of America based upon artificial and false constructs. The First Turd is the prime example of what results.
The King is DEAD, long live the King! How long do you think those accepting KING $$$ for hard commodities (OIL) will continue to do so when the US continues to create TRILLIONS upon TRILLIONS of electronic dollars to finance endless US Federal debt? Not much longer, my friends . . . .
Steve,
Thanks for your feedback.
It will continue until it doesn't continue. It is the law of the markets.
Every success,
Adam
Bleak outlook for Goldman´s commodities warehouse business as China´s construction economy crashes:
http://blogs.reuters.com/photographers-blog/2011/12/12/chinas-deserted-fake-disneyland/
http://www.latimes.com/business/la-fi-china-housing-bubble-20111213,0,3429813.story
dick cohen, try Buying physical gold at the "new paper price"
I bet you won't be able to find any
Ponzi try selling your gold coins and see whether paper gold is the only gold that got whaked.
The dollar is only strong when measured against other (failing) currencies such as the Euro. Measured against gold and other real physical assets, the dollar has been circling the drain for the last 30 years.
gold did not get whacked, PAPER GOLD got whacked
they have been selling gold that does not exist in ponzi paper form
Real gold you hold in your hand is not the same as the fake contracts for gold sold by the shyster criminals who force people to use their paper that looses value through inflation and other unethical means