Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 10th of January.
Finally, a major signal in the S&P500 today
We show you how our Trade Triangles are viewing the S&P500 and share with you how we use filters in our trading to enhance profits.
3 Stocks on the move today
Life Technologies (LIFE), Genworth Financial (GNW) and Tiffany and Co (TIF) Let's see how our Trade Triangles analyze these stocks.
3 stocks that hit our radar screen this morning
Lululemon Athletica (LULU), Cirrus Logic (CRUS), Caterpillar (CAT)
We examine all three stocks and apply our Trade Triangle technology to help make sense of these markets.
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 +100
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
Today the S&P 500 flashed a buy signal at $1292.66, indicating that higher prices are ahead for this index. This is the first time we have seen a buy signal in this index since 9/17/10. 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
The silver market is close to touching the upper levels of the Donchian Channel. We suspect that this area will be an area of resistance for silver. A strong close over $30 is needed to confirm an interim bottom. 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 stops. 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 -55
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
The gold market is close to touching the upper levels of the Donchian Channel. We suspect that this area will be a resistance area for gold. Despite the sharp rally in this market, only the daily Trade Triangle is green, indicating we can see more sideways action in the very short term. With a Chart Analysis Score of -55, we expect this market to continue to be choppy. With our monthly Trade Triangle now in a negative position we are no longer bullish this metal. Intermediate term traders should be short this market, waiting for the next signal with the weekly Trade Triangle.
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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: 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
We suspect that an interim top has been put in the copper market at the $3.50 to $3.55 levels. With a Score of +60, we are stuck in a trading range. 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.
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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 +90 Chart Analysis Score in this market indicates an a strong trend to the upside. However, we are a little concerned that this market made a four day low yesterday and this fact should be watched closely. 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: Strong Trend +85
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend
With two of our three Trade Triangles in a green positive mode, this index is still in strong hands and in a strong upward trend. Our Trade Triangle technology has been long this index for quite sometime. A note of caution, this index hit our predicted target zone of $81.50 earlier yesterday, and it may be vulnerable to a pullback. 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: 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
Today's market action pushed this index outside of the Donchian Trade Channels and we expect that we will see this index fall once again into the confines of its channel. With a Chart Analysis Score of +70, this index is now in an emerging trend. Our long term Trade Triangle remains negative for this index. 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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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. Update starts at 1 p.m.EST.
Take care everyone,
Adam Hewison
President INO.com and co-founder of MarketClub.com
WOW, the wonderful long term trade triangle turned green. Adam, may I ask what those long term holders of short positions are supposed to do now ? Here is your advice fromt he day before "Long-term traders should either be in cash or continue to hold short positions in this index with appropriate money management stops."
I think your triangles have master the art of loss optimization.
jasimills,
Shame on you for making a statement about our technology when I see that you are basing that on one signal and on top of that you are not a MarketClub member. Please feel free to comment in future, but please make sure that you are aware of all the facts.
All the best,
Adam
Adam, I am a fuly paying member of MarketClub and I followed the signal since last summer
Regards
Read "The Great Crash Ahead" by Harry S. Dent.
No one seems to notice that an aging population buys less, saves more and tries to pay down debt.
There is not a HOPE that we will start another BULL market with this DEBT noose around the bull's neck. It's too heavy!!
Phil,
There are going to be some amazing trading opportunities in 2012 of that I am certain. One thing is for sure the markets a going to be having some big moves.
All the best,
Adam
If anyone thinks we are headed to a new Bull Market...take a look at this graphic...you know the world has gone mad when Pakistan and Venezuela's market are up about 35% for the last year! LOL
Graphic of world markets and thier performance...oh dear!
http://tinyurl.com/79l4n4w
This email is for Adam Hewison
For some strange reason my BHH just stopped trading and the options given to me were to tranfer to ARBA and ICGE. PLease advise me what I am to do. The other option is to wait till year end and let them try to sell in market and split what is left.Never ran into this kind of situation before. Thanks.
Virginian Lee,
I would recommend that you contact your broker on that one.
All the best,
Adam
So the long term , monthly red triangle turned out not to be in any way a trend indicator.
...oh dear! I have already broken my NY Resolution....not to comment on BLOGS!!! IT is so distracting and can really eat up time! LOL
Cannot hear the 1pm updates--very low volume.
Mike,
We will see if we can crank it up tomorrow for you.
Adam
He is right.
More volume
10x
Could you try to improve the resolution of the videos as well please?
By the way, keep up the great job adam! I watch your daily updates almost religiously.....
Sam,
Thanks for your feedback. We are constantly upgrading our tool, equipment and capabilities to make the show better.
Adam
You just got a buy signal? My buy signal came in October when the VIX hit 45. I have made 35% in my IRA since the October bottom and I am buying the Ultra Short S&P. The market is currently overbought and the VIX is down to 20 which indicates a complacent market. New positions at this level will result in financial ruin.
I trade individual stocks and yes, the trade triangles have given a buy signal on SPY. That does not mean you have to wait until then, esp if you trade individual stocks mainly ( ie, me) or if you trade via Oscillators etc...the question was HAS A NEW BULL MARKET STARTED...not how much have you made trading the ranges or stock picking! There is a big difference.
Mike,
It was a major trend change. If you have been watching our videos you will see that we filter our trades.
Happy to see that you are doing well.
Adam
I don't like to guess/predict any type of market, but let the market tell me as she goes...I am not convinced quite yet that the bull is out of the gate....the monthly triangle is hinting that things have turned....I would like to see follow through over 1300 on SPY..plus various other indicators ie breadth etc
Shaza,
We are on the same page on that one.
Adam
HIGH FIVE!
euro on way to 1.10 in my opinion...
Shaza,
The trend is your friend, and the trend in the Euro is still down.
All the best,
Adam
Adam,
I follow your Trade Triangles religiously but I have to believe that the anemic volume is going to take the S&P lower. You may be reflecting a breakout to the upside but one large cataclysmic piece of negative news from the Eurozone will end the party.
I can't remember volume this low on the SPY. Volume used to matter to traders - why not now.
Steve,
I agree with you on this one. We are just ending Silly Season, read that to be light volume. We had a major trend change in gold and the S&P500 during this time frame on thin volume.
We will have to let the markets tell us what to do and they will eventually do that.
Let's see how we close out the week, that will be very telling in my book.
Every success,
Adam
Here is my take, looking at SP minis...VIX falling rapidly is aso seasonal sort of thing...I am not excited about that...THere is massive resistance at 1300, a dip below 1250 and I will short with a target to 1250 ( worst case scenario) I will use triangle to corroborate. I am a dyed in wool Edwards and Magee girl and that TA works brilliantly with triangles...but at the end of the day...we have to think for ourselves!
US has been the beneficiary of China and EU woes as well...
ASX 200 is tracking the Heng Seng ( Honkers to you Adam as you have a bit of the Brit still in you! )
Until SPY breaks 1300 on follow through we are in an intermediate up trend imo...
Copper was the big surprise. If it HG_F gets above Jan 3 high, we could be off to the races again...but I kind of doubt it...Dr Copper is not giving the all go to Risk on just yet, neither is the ASX200...AUD is also going to go lower, maybe as low as .94 to USD...
A lot of these nominal gains are just currency moves from where I sit...
CORRECTION: SPY target to 1150 not 1250 in worst case scenario
Adam,You said in todays update (1/10) that the 1264 green triangle on the S&p was an exit signal, and went on to say the market went up 30 points. Was it a short position that was exited?
Grove,
Yes, my mistake. I meant to say that you would have been out of the market, and would have saved 30 points.
Good catch.
All the best ,
Adam