Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 20th of December.
"Silly Season" runs from 12/15/11 to 1/07/12.
That being said, here are my five key "Silly Season" recommendations for you.
1. Enjoy time with your family and friends.
2. Be appreciative what you have, not what you don’t have. There are always folks that are less fortunate.
3. Give something back. It doesn’t matter what it is, or how small. It will make you feel good.
4. Enjoy the season. Forget about the markets, they will be there next year.
5. Take some quiet time for yourself to regenerate your spirit.
3 ETF's to watch in 2012
These are three core ETF's we expect will have big moves in 2012.
3 Stocks having big moves today
We will let our Trade Triangle technology analyze these three stocks and make that 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
The support we outlined for this index yesterday around the $1200 level (which represents a 61.8% Fibonacci retracement) proved to be potent. Look for resistance around the $1260 level today. Our Chart Analysis Score of +70 illustrates an emerging trend to the upside. Two of our three Trade Triangles are now green, 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
No change in this market. With a Chart Analysis Score of -90, 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 = -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 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
No Change from yesterday's comment's. 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
With today’s Chart Analysis Score of +50, the market is 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 = 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 (MARCH)
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BIG PICTURE: Trading Range
With today’s Chart Analysis Score of +55, this market is in a trading range. The March contract now has a confirmed a double top. With two of our three Trade Triangles green, giving us a -55 Chart Analysis Score, we are in a trading range for crude oil. 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 = -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 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
Despite today's pullback, the dollar index continues to be in a bull trend as it prepares for a move to new highs. Resistance kicks in today at $80.50 to $81.00, with support at $79.50. With all of our Trade Triangles in a positive mode giving a score of +85, we remain firmly committed to the bullish trend. 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 = +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 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
This index continues to have problems holding a rally and now has resistance coming in at the $297 level. We consider the $292 level a key support level for this market as it represents a 61.8% Fibonacci retracement point. Based on our Trade Triangle technology showing a score of -85, this index is in a strong bearish trend. With two of our three Trade Triangles red, we remain firmly entrenched in the bear camp. 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 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 = -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 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 with my mid-day update. Don't forget to watch MarketClub's 5 P.M. Christmas show TOMORROW on this channel!
All the best,
Adam Hewison
President INO.com and co-founder of MarketClub.com
Nothing especially unusual or unexpected, just everyday activity in a very technical market. It´s very much driven by computers which of course are extremely technical and very partial to correlation. This is dangerous because increasing correlation means increasing herd mentality in the market. Market panics tend to be preceded by rising correlation.
The bear in U.S. stocks is heading into the teens. There seems little doubt that it´ll last into the twenties or longer. It´s a monumental correction after decades of a debt binge in the face of a still rising tsunami of technological advances, incredible productivity increases and endless supply of dirt cheap labor. So, finally debt is being liquidated and cash preserved in anticipation of falling prices.
During the first decade of the current bear the market has already collapsed by 50% twice and there have been the usual violent bear market rallies. In the next decade collapses on this scale will likely become more frequent. It´ll be heaven for alert and astute traders and of course insiders and big money but most of the rest will be wiped out if they keep their money in the market.
"everyday" is an adjective. It means "ordinary" as "an everyday occurrence". Otherwise it should be 2 words.
"We see this everyday error almost every day."
Thanks Jeremy but what ideo is the one?
Thanks,
John
John,
Here's the video link.
http://tv.ino.com/free/video.html?vidid=livestream-pla_12880221-ef42-4c0e-8a92-0bb7bbda665a&sponsor=secretsoftraders&mkt=blog1pm1220
Best,
Jeremy
What are the three EFTs??????
John,
Watch the video to get the 3 ETF's. Adam analyzes the charts for each one of them.
Best,
Jeremy
OK: EMIL SE BO STRINJAL,KO BO DENAR NA MOJEM RAČUNU,--POZDREV IZ SLOVENIJE.
"EMIL will agree when the money in my account,-POZDREV FROM SLOVENIA."
Translated via Google Translate - Jeremy
It may be silly, but has been a great day for day trading. Sweet intraday trend on the ES.