Gold and the Euro are in the spotlight, plus this special stock just flashed on our radar screen...

Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 12th of January.

If the news from Europe is so good today, why is gold moving higher?
We will show you how our Trade Triangles are viewing this market.

3 Stocks ...
Wynn Resorts Ltd (WYNN), Sears Holding Corp (SHLD) and CA Inc. (CA)
Let's see how our Trade Triangles analyze these stocks.

RADAR ALERT ...
Discover Financial (DFS)
We examine this stock in detail and show what our Trade Triangle technology is saying about the trend in this market.

Now, let's take a look at the charts with MarketClub's Trade Triangle Technology.
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S&P 500 INDEX
BIG PICTURE:  Strong Trend  +90
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend

The market continues to consolidate over the $1280-$1270 levels. A small concern for us, the Willims %R indicator is flashing a negative divergence for this market. With all three of our three Trade Triangles now green it is signaling that a bull market is underway.  Long and Intermediate term traders should now be holding long positions in this index with appropriate money management stops.
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Watch 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)
BIG PICTURE: Trading Range +60
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend

Today the silver market popped over the upper levels of its Donchian Channel. We suspect that this area will be an area of resistance for silver.  With a +60 Score, we remain in a trading range. The major trend is to the downside in the monthly Trade Triangle. Long-term term traders should be in short positions in silver with appropriate money management. Intermediate term traders should be on the sidelines.
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Watch 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 & 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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GOLD (SPOT)
BIG PICTURE: Trading Range +60
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bearish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend

Today the gold market popped over the upper levels of its Donchian Channel. We suspect that the top of the Donchian Channel acts as resistance for gold. Only the monthly Trade Triangle is still red.  With a Chart Analysis Score of +60, this market is in an trading range. With our monthly Trade Triangle in a negative position we are no longer quite as bullish on this metal. Long-term term traders should be in short positions in silver with appropriate money management Intermediate term traders should be on the sidelines.

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Watch 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 & 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)
BIG PICTURE: Emerging Trend +70
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend

The copper market put in a very powerful performance today, however it did not change our monthly Trade Triangle, which continues to be negative. With a Score of +70, we believe we are stuck in a trading range. 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.
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Watch today’s Copper Video Here.
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Suggested Copper Trading Instruments:
Non Leveraged ETF’s: (Long JJC)
Futures & 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)
BIG PICTURE: Strong Trend +90
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend

The crude oil market continues to consolidate over the $100 level. With all of our Trade Triangles in a positive mode we are looking for this market to move higher. A solid close over the $104 is needed to drive this market to the $120 level. External world events can trigger moves in this commodity.  With a Chart Analysis Score of +90 this market remains in a strong trend to the upside. The crude oil market has resistance starting at $104. Long and intermediate-term traders should be long this market with appropriate money management stops.
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Watch 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 & 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
BIG PICTURE: Emerging Trend +75
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend

A note of caution, this index hit our predicted target zone of $81.50 and it maybe vulnerable to a pullback. This index is beginning to show signs of fatigue around the $81.50 level, which was our original target zone. With two of our three Trade Triangles in positive mode, this index is in strong hands, however the Chart Analysis Score has slipped back to +75.  This means we may have to wait for further clues as to this market's next major swing. Our Trade Triangle technology has been long this index for quite sometime and remains in a bullish mode.  Long and intermediate term traders should maintain long positions with the appropriate stops in place.
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Watch 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
BIG PICTURE: Trading Range +60
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend

Today's market action has created a negative or bearish engulfing line for this index and indicates that the top of the Donchian Trade Channel is acting as resistance. With a Chart Analysis Score of +60, this index has once again fallen into a trading range. Our long term Trade Triangle remains negative for this index while our intermediate signal is green and calling for higher prices. Long-term traders should hold short positions in this index with appropriate money management stops.
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Watch 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 & 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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This is Adam Hewison for MarketClub and I'll see you tomorrow, right here with my mid-day update.  Have a successful trading day.

Take care everyone,
Adam Hewison
President INO.com and co-founder of MarketClub.com