Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 4th of January.
How to spot the big moves in 2012
Leave it to our SmartScan technology to pin point the winners in 2012.
3 stocks on the move
VF Corp. (VFC), Salesforce.com (CRM) and eBay (EBAY). Let's see what our Trade Triangle technology thinks about them.
Dollar on the move
Tensions, technicals, and Triangles propel the dollar higher!
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
Strength of Trend Score = +70
Possible negative divergence forming. This market remains mired in a Silly Season trading range and will probably stay that way unless it closes over $1,300. With two of our three Trade Triangles now green, it is 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
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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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Tonight we broadcast our one hour show on the markets. We will do our best to answer your questions, so be sure to watch MarketClub TV tonight at 5 PM EST.
Call us at 410 867-2100, extension 129 or email us at
ma**********@in*.com
to leave a question for the show.
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SILVER (SPOT)
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BIG PICTURE: Trading Range
Strength of Trend Score = -55
This market remains mired in a Silly Season trading range and will probably stay that way for the week. A close over $30 would put in an interim bottom. The major trend is to the downside in both the weekly and monthly Trade Triangles. Only the daily Triangle is in a positive mode. 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 = Bullish
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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
Combined Strength of Trend Score = -55
Despite the rally gold remains mired in a trading range and will probably stay in that mode for the balance of the week. With a Chart Analysis Score of -55 we expect this market to continue to be choppy, but would not rule out a test of the $1620 level. With our monthly Trade Triangle now in a negative position we are no longer bullish on this metal. Intermediate term traders should be short this market at the moment waiting for the next signal with the weekly Trade Triangle.
Monthly trade triangles for Long-term trends = Bearish
weekly trade triangles for intermediate term trends = Bearish
daily trade triangles for short-term trends = Bullish
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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
Strength of Trend Score = +60
With a Chart Analysis Score of +60, this market is in a trading range and quite choppy. As stated numerous times, copper generally reflects economic conditions, and as such is influenced by equity prices. With equity prices defensive 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 = Bullish
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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: Strong Trend
Strength of Trend Score = +100
Possible Japanese Doji candle today. With a Chart Analysis Score of +100, this market is in a strong upward trend. The crude oil market has resistance starting at $103, up to the $104 level. Long 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
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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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PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at 877–219–1482!
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DOLLAR INDEX
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BIG PICTURE: Trading Range
Strength of Trend Score = +55
This index continues to regroup in a trading range and will probably stay in that mode for the balance of the week. Look for resistance today at $80.20 and support at $79.00 and $79.50. With two of our three Trade Triangles in a positive mode, long 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
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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: Trading Range
Strength of Trend Score = +60
We continue to view this index as longer-term negative and we expect that it will run into resistance around the $314.00 to $316.00 levels. With a Chart Analysis Score of +60, this market moved in to trading range. 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.
Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bullish
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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.
————–
PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at 877–219–1482!
————–
Tonight we broadcast our one hour show on the markets. We will do our best to answer your questions, so be sure to watch MarketClub TV tonight at 5 PM EST.
Call us at 410 867-2100, extension 129 or email us at
ma**********@in*.com
to leave a question for the show.
Take care everyone,
Adam Hewison
President INO.com and co-founder of MarketClub.com
Re: DRS - Thanks and Yes, of course, absolutely. That is exactly my point and what I have done. As far as I am concerned (and we, wife and I, have been in and out of the market several times since 1964 untill now), the ONLY investment you can buy and hold indefinitely is PHYSICAL GOLD.
Also Thanks IAG.
Here is another interesting article on gold and S&P 500.
http://goo.gl/nZPuo
@Carlos - This is probably why it is better to hold physical gold rather than trading gold electronically (unless you are a good technical analyst/chart reader) because you can get scared out of the market on the dips and it is harder to buy and sell physical gold on the spur of the moment because of a panic attack - In the long run gold will follow the CPI or the money supply. At least if you exchange cash for gold now that gold will at least keep up with inflation whereas currency deflates. So if you have enough gold to buy a house with today you will still have enough gold to buy a house in 50 years - not so if you keep cash as it devalues over time because of money printing.
This is one of the best articles I have read about Gold prices in a long time:
http://www.lewrockwell.com/rozeff/rozeff16.html
Re: GOLD!!!
Is The FED and are ALL the other Central Banks FINISHED pumping printed money into their economies? NO? Well then GOLD IS NOT FINISHED RISING IN PAPER CURRENCY PRICE!! Here is the data to draw an utterly simple two-point chart for which you do not need Trade Triangles:
Year 1930 Gold Price $20
Year 2012 Gold Price $1620
If you want to get fancy, you can use a compounding rate equation and calculate that $20, compounded yearly at 5.5% for 82 years, yields a Final Value of $1613.57.
Have fun!!
Adam- do you still recommend following the trade triangles during silly season or is it a rule not to trade at all during silly season.