A Greek RESET, the Euro pops, and a Diamond that has lost it's shine.

A Greek RESET, the Euro pops, and a Diamond that has lost it's shine.

Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 9th of February.

A Greek RESET and the Euro pops.
With huge short interest in the Euro, how high can it go?

This Diamond has lost it's shine.
Diamonds are still a girl's best friend, but DIAMOND FOODS (DMND) appears to have no friends right now.

Stocks on the move today:
AKAMAI TECHNOLOGIES (AKAM),TERADATA (TDC), and EQUIFAX INC (EFX).
Did MarketClub's Trade Triangle technology get it right on these three stocks?

Trading Tip:
DON'T FIGHT THE MARKET … MOVE WITH THE MARKET

Now, let's analyze 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: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

This market continues to inch higher and is still in a very positive mode to the upside. Our next target zone for this index is $1360 and we would not be surprised to see this level reached early next week. Longer-term we expect this market to move up to the $1370 to $1400 level as early as May based on cyclic work. With all three of our Trade Triangles green, 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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Something BIG is coming in 48 days!

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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: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

The silver market continues to oscillate between support at $33 an ounce and resistance at just over the $34.50 level. With a Score of +60, this market remains in a trading range. We think this market is at the top of a trading cycle, but has not provided conclusive proof that the cycle has topped out. With our long-term monthly Trade Triangle in a red negative mode, we expect to see this market run out of steam around current levels. This particular indicator has done extremely well in the past. 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  +70
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

The choppy action in gold continues as we see this market moving between the $1760 level on the upside and the $1710 area on the downside. With a Score of +70, this market could be beginning to emerge into a bullish trend. With our long-term monthly Trade Triangle still negative, we cannot get to excited about this market at the moment. That does not mean we are super bearish on this metal, we just need further confirmation with the tools we know are successful in trading gold. Long-term term traders should be in short positions in gold with appropriate money management stops. 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 (MAY)
BIG PICTURE: Strong Trend  +100
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

ATTENTION: We are now tracking the MAY copper contract. Our patience pays off, as copper vaulted over the recent highs and inched closer to our $4.00 target zone. Not our ultimate upside objective, but rather one we expected in the near-term. With a Score of +100, we are in a strong trend to the upside and continue to be positive on this market. As we have said in the past, copper generally reflects economic conditions, and as such is influenced by equity prices. Look for support at the $3.85 level. The market action looks as though it has created a large base to move higher in the future. 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 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 (APRIL)
BIG PICTURE: Trading Range  +75
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bearish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

ATTENTION: We are now tracking the APRIL crude oil contract. This market is moving in a positive direction and we would not be surprised to see further upside activity. A close over the $100 level would be viewed as positive and the next level of resistance would be the $102 area. We want to pay close attention to this market, as we believe that the recent market action is reflecting an important cyclic low period. If this is true, this market could be headed substantially higher. With a Score of +75, this market is developing an emerging trend to the upside. We remain longer term positive on this market. With our monthly and daily Trade Triangles in a positive mode, we expect we will see further market consolidation in crude oil. Long-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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Join us in 48 days for something you can't afford miss

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DOLLAR INDEX
BIG PICTURE: Trading Range  -60
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bearish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

The dollar index pushed to new lows and came closer to the 50% Fibonacci retracement level we've been discussing. This market is not out of the woods yet, however the longer-term Trade Triangle does warrant some caution at the moment. We are waiting for this market to hit some of the Fibonacci levels we've outlined, and will see how it acts at those levels. Only our longer-term monthly Trade Triangle remains positive on this market. With a Score of -60, this market is in trading range. We expect we will be seeing some of the Fibonacci retracement levels of $78.29 and $77.46 come into play. These represent 50% and 61.8% Fibonacci retracements. Long term traders using our monthly Trade Triangle 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  +70
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

This index is higher for the week and has negated last week's market action. With a Score of +70, this market is trying to develop into an emerging uptrend. It would appear as though this market is beginning to create a large energy field to push prices and inflation much higher in the future. Major resistance is at the $320 area on the upside and support comes in at the $310 level. Our short term daily Trade Triangle is green, indicating short term strength, however that is in conflict with our negative longer-term monthly Trade Triangle. 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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Give us a call at: 1-877-219-1482
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This is Adam Hewison for MarketClub and I’ll see you tomorrow with my mid-day update. Have a profitable trading day.

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