Updated with today's video. You can View it here.
Thank you for your patience and understanding.
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 7th of December.
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PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at 877–219–1482!
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Don't worry about Europe, here's one stock that has it all.
For the past several months, the market has been fixated on what is going on in Europe. While that's an incredibly important element in the global picture, there are still many markets that are offering great opportunities both here in the states and overseas.
One of the easiest ways to find winning markets and winning trades is to use MarketClub's SmartScan tool that is available to all MarketClub members. We have demonstrated this tool time and time again, and it continues to find excellent trades in stocks, futures, precious metals and Forex.
Today, in addition to the regular markets we cover, we will be looking at a couple of interesting stocks that I think could fit into your portfolio in 2012.
Now, let's go to the charts and the video and see how we can create and protect your wealth for the balance of the year.
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S&P 500 INDEX
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BIG PICTURE: Trading Range
Support today at $1243. The Trade Triangles are showing a Chart Analysis Score of +70, indicating we are presently in a trading range for the S&P 500. Our weekly Trade Triangle turned positive on Monday, signaling that intermediate term traders should now be out of this market. Long-term 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
Combined Strength of Trend Score = +70
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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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PERSONAL ONE-ON-ONE MARKETCLUB COACHING
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Watch my personal one-on-one coaching right here.
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SILVER (SPOT)
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BIG PICTURE: Strong Trend Bearish
With a Chart Analysis Score of -70, silver is in a waffling between a trading range and a bearish trend. Generally speaking, the major trend for silver continues to be negative based on our monthly and weekly Trade Triangles. Our intermediate weekly Trade Triangle turned negative on 11/17 and our daily Trade Triangle moved into the negative column yesterday, putting all our Trade Triangles into negative 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 = Bearish
Combined Strength of Trend Score = -70
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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
With a Chart Analysis Score of +60, gold is back in a trading range. However with our monthly Trade Triangle in a positive position, we have a longer term bullish bias. We remain positive on this market longer term and expect we will see it move much higher in 2012 as inflation kicks in around the world. Long-term traders should remain positive for this precious metal. Intermediate term traders should be out of this market at the moment and on the sidelines waiting for a buy signal with the weekly Trade Triangle.
Monthly trade triangles for Long-term trends = Bullish
weekly trade triangles for intermediate term trends = Bearish
daily trade triangles for short-term trends = Bearish
Combined Strength of Trend Score = +60
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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
Resistance comes into copper today at the top of the Donchian trading channel at $3.63. Support comes in at $3.50. With today's Chart Analysis Score of +55, the market is in a trading range. As stated before, copper generally reflects economic conditions, and as such is influenced by equity prices. With equity prices moving higher, it is in return reflected in higher 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 = Bearish
Combined Strength of Trend Score = +55
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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 (JANUARY)
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BIG PICTURE: Emerging Trend
As we said yesterday, this market needs to regroup and consolidate if it is going to move higher. The $101.75 area basis the January contract appears to be offering stiff resistance for this commodity at the present time. With two of our Trade Triangles green, giving us a +75 Chart Analysis Score, it would appear as though the under lying elements of this market remain bullish. Long-term, 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 = Bearish
Combined Strength of Trend Score = +75
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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: Emerging Trend
For the past six days this market has been moving sideways as it readjusts to its new levels . The importance of the $78.00 area as support should not be overlooked. The possibility of a major double top in this index is something every trader should be aware of. With all of our Trade Triangles in a positive mode we remain bullish on the market. Long-Term 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 = Bullish
Combined Strength of Trend Score = +70
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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: Strong Trend Bearish
No change in our comments for this index. Based on our Trade Triangle technology, this index is in a bearish trend. We will wait and watch this indicator and our Trade Triangles looking for a sign that the inflation bull is upon us. Resistance is evident at $315, with support coming in between $305 and $310. With all three of our Trade Triangle indicators red we remain firmly in the bearish camp for this market. Our long and intermediate term Trade Triangles remain negative for this index. Long-term and intermediate term traders should continue to hold short positions in silver with appropriate money management stops.
Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trends = Bearish
Daily Trade Triangles for Short-Term Trends = Bearish
Combined Strength of Trend Score = -100
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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.
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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 TONIGHT, right here on MarketClub TV at 5pm EST. Have a great trading day.
All the best,
Adam Hewison
President INO.com and co-founder of MarketClub.com
Which are the two stocks recommended???
Ignacio,
You have to watch the video to see the two Stocks. Adam covers both of them at the end of the update.
Cheers,
Jeremy
some how i missed yesterday's 2 additional efts your were going to discuss and today missing the 1-2 additiional stocks you were going to evalualte....probably my error...best regards, mark
Mark,
The two ETF's are mentioned at about the 12 min in the video. Same goes for the two Stocks in yesterdays video.
Cheers,
Jeremy
Adam,
How much weight do you put on the S and P or the sector trend? In other words, say a stock looks like an excellent candidate, but the long-term trend of the S and P, or the sector the stock is in, is down or neutral. Do you still buy the stock?
I know there are schools of thought that say buy stocks by market, sector, and then the stock. Just curious about your opinion.
Seems to have been a lot of correlation in all markets over the last few years: when one goes down, they all seem to follow.
Thanks
My question may be the same as the one above but stated differently. I have never seen this guidance in any of your materials or heard it stated in any of the market updates or presentations
"Our weekly Trade Triangle turned positive on Monday, signaling that intermediate term traders should now be out of this market."
Adam
I enjoy Market Club. However, sometimes you contadict yourself. Now you are saying that +70 is a trading range (s&p 500). But the past few days you have been saying that 50-65 is a trading range, 70-80 is a mergine trend (up/down) and 85-100 is a strng rend. Neg. is bearish and Pos. is bullish.