Hello fellow traders everywhere, Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 12/09/11.
Is Santa coming to town, or is the Grinch going to ruin everything for investors this year?
With many of our indicators in a mixed mode, it is a difficult call to make. Throw Europe into the mix and you have the perfect recipe for an even higher degree of uncertainty.
But, here's the good news, there are a number of stocks that are doing well, really well, despite the massive uncertainty that seems to be in the markets right now.
This week in addition to our regular weekly up date, we will be analyzing a number of stocks in the US, Canada and Australia, that are doing really well.
So, let's get started, and go to the charts and see what our Trade Triangle technology has to say about the major markets, and the jewels we have found in our investment world.
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S&P500 INDEX
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CHANGE FOR THE WEEK: + 0.87%
CLOSE LAST FRIDAY: 1255.19
MKT CLOSED HIGHER FOR THE WEEK
MARKET TREND: TRADING RANGE
OUTLOOK FOR THE COMING TRADING WEEK: MIXED
MARKETCLUB TREND SCORE: = +55
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Weekend S&P 500 Video Here.
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MARKETCLUB TRADE TRIANGLE TRENDS
Monthly Trade Triangle for Long-Term Trend = Negative
Weekly Trade Triangle for Intermediate Term Trend = Positive
Daily Trade Triangle for Short-Term Trend = Negative
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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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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long SPY) (Short SH)
2 x Leveraged ETF's: (Long SSO)(Short SDS)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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SILVER (SPOT)
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CHANGE FOR THE WEEK: - 1.22%
CLOSE LAST FRIDAY: 32.16
MKT CLOSED LOWER FOR THE WEEK
MARKET TREND: BEARISH
OUTLOOK FOR THE COMING TRADING WEEK: MIXED
MARKETCLUB TREND SCORE: = -65
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Weekend SILVER Video Here.
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MARKETCLUB TRADE TRIANGLE TRENDS
Monthly Trade Triangle for Long-Term Trend = Negative
Weekly Trade Triangle for Intermediate Term Trend = Negative
Daily Trade Triangle for Short-Term Trend = Positive
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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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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long SLV) (Short the ETF SLV)
Leveraged ETF's: (Long AQG) (Short ZSL)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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GOLD (SPOT)
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CHANGE FOR THE WEEK: - 2.02%
CLOSE LAST FRIDAY: 1710.70
MKT CLOSED LOWER FOR THE WEEK
MARKET TREND: TRADING RANGE
OUTLOOK FOR THE COMING TRADING WEEK: MIXED
MARKETCLUB TREND SCORE: = -55
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Weekend GOLD Video Here.
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MARKETCLUB TRADE TRIANGLE TRENDS
Monthly Trade Triangle for Long-Term Trend = Positive
Weekly Trade Triangle for Intermediate Term Trend = Negative
Daily Trade Triangle for Short-Term Trend = Positive
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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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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long GLD) (Short the ETF GLD)
Leveraged ETF's:(Long UGL) (Short GLL)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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COPPER (MARCH CONTRACT)
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CHANGE FOR THE WEEK: - 0.78%
CLOSE LAST FRIDAY: 3.5575
MKT CLOSED LOWER FOR THE WEEK
MARKET TREND: TRADING RANGE
OUTLOOK FOR THE COMING TRADING WEEK: MIXED
MARKETCLUB TREND SCORE: = +55
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Weekend COPPER Video Here.
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MARKETCLUB TRADE TRIANGLE TRENDS
Monthly Trade Triangle for Long-Term Trend = Negative
Weekly Trade Triangle for Intermediate Term Trend = Negative
Daily Trade Triangle for Short-Term Trend = Positive
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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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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
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 is some ETFs is very thin. Contact your broker for more information.
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CRUDE OIL (JANUARY CONTRACT)
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CHANGE FOR THE WEEK: - 1.38%
CLOSE LAST FRIDAY: 99.41
MKT CLOSED LOWER FOR THE WEEK
MARKET TREND: BULLISH
OUTLOOK FOR THE COMING TRADING WEEK: HIGHER
MARKETCLUB TREND SCORE: = +85
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Weekend CRUDE OIL Video Here.
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MARKETCLUB TRADE TRIANGLE TRENDS
Monthly Trade Triangle for Long-Term Trend = Positive
Weekly Trade Triangle for Intermediate Term Trend = Positive
Daily Trade Triangle for Short-Term Trend = Negative
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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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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long USO) (Short the ETF USO)
Leveraged ETF's: (Long UCO) (Short DTO)
Futures: Call your broker
Options: Call your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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US DOLLAR INDEX (SPOT)
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CHANGE FOR THE WEEK: - 0.09%
CLOSE LAST FRIDAY: 78.60
MKT CLOSED FLAT FOR THE WEEK
MARKET TREND: BULLISH
OUTLOOK FOR THE COMING TRADING WEEK: HIGHER
MARKETCLUB TREND SCORE: = +70
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Weekend DOLLAR INDEX Video Here.
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MARKETCLUB TRADE TRIANGLE TRENDS
Monthly Trade Triangle for Long-Term Trend = Positive
Weekly Trade Triangle for Intermediate Term Trend = Positive
Daily Trade Triangle for Short-Term Trend = Positive
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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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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long UUP) (Short UDN)
Non Available Leveraged ETF's: (Long -) (Short -)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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REUTERS/JEFFRIES CRB COMMODITY INDEX (SPOT)
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CHANGE FOR THE WEEK: - 2.24%
CLOSE LAST FRIDAY: 306.43
MKT CLOSED LOWER FOR THE WEEK
MARKET TREND: BEARISH TREND
OUTLOOK FOR THE COMING TRADING WEEK: LOWER
MARKETCLUB TREND SCORE: = -90
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Weekend CRB INDEX Video Here.
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MARKETCLUB TRADE TRIANGLE TRENDS
Monthly Trade Triangle for Long-Term Trend = Negative
Weekly Trade Triangle for Intermediate Term Trend = Negative
Daily Trade Triangle for Short-Term Trend = Negative
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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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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long CRBQ) (Short the ETF CRBQ)
Leveraged ETF's: (Long UCO) (Short CMD)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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This is Adam Hewison for MarketClub,
I'll see you Monday, have a great weekend.
Ditto
You are so right on the trend. The bull will continue until about January 13 and then the bear eats us alive. At least thats the way my program looks.
Market Will Trend higher until the middle of January 2012.
The Grinch is behind the rally. Global Quantitative Easing is the source of the rally; the ability to create endless trillions of phony dollars allows for the creation of phony rallies, the propping-up of dead, zombie banks, the manipulation of bond values and interest rates, just as it facilitates the naked shorting of tens of thousands of tonnes of silver and gold. But sooner or later the profound disconnect between fiat currencies based upon only worthless promises to pay will become so painfully obvious that even ordinary people will no longer trust them.
where is the week video ??? I can't get it
I've been pondering the same thing this weekend... Ho Ho Ho or Bah Humbug? Europe, unfortunately, keeps us from being able to answer the question!