Doomsday for Apple? Novellus gets bought and First Solar sinks, yet again.

Doomsday for Apple? Novellus gets bought and First Solar sinks, yet again.

Hello fellow traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 P.M. market update for Thursday, the 15th of December.

Is Apple Doomed to a Rimm-like existence?
We mentioned Apple last night on MarketClub TV and unfortunately we ran out of time before we could share our insights into this company. That all changes today.

Death by a thousand cuts for the Gold Bulls.
Everyone is bailing out of the gold market. Today we will examine if now is the right time to get long this fallen metal.

Crude Oil begins to look slippery.
If you didn't see this technical formation in Crude oil, then you probably missed out on the move.

3 Stocks on the move.
These stocks are having big percentage changes today, but did any of these moves change the trend?  We will examine these three stocks with our Trade Triangle technology, and see if they are worthy of your consideration.

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 Bearish Trend

Tomorrow is really the key day for this index.  We suspect we are going to see this market resume its slide.  Our Trade Triangle technology is indicating a Chart Analysis Score of -65 and this score illustrates trading range. The MACD has also turned back down and is calling for more weakness.  The same story is being told with our PSAR indicator.  Our weekly Trade Triangle turned positive over a week ago, 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 = Bearish

Combined Strength of Trend Score = -65
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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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SILVER (SPOT)
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BIG PICTURE: Strong Bearish Trend

The silver market is oversold on the downside and we would not be surprised to see some shorts taking some money off the table.  However, with a Chart Analysis Score of -90 the silver market is in a strong trend to the downside.  Generally speaking, the major trend for silver continues to be negative based on our monthly and weekly Trade Triangles.  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 = -90
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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: Emerging Trend

A close below $1600 an ounce yesterday was the lowest close we have seen in this metal since July.  Gold is down over $120 for the week and with thin markets and Friday approaching, we see little changing the picture for this metal.  A major trend line comes into gold at the $1500 level this week and we would expect that level to offer major support.  The gold market continues to move lower, but is not yet in a full fledged bear market. Gold has a Chart Analysis Score of -70, which equates to an emerging trend.  With our monthly Trade Triangle so far remaining in a positive position we are longer term bullish on this metal.  Intermediate term traders should be out of this market at the moment and on the sidelines waiting for the next 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 = -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 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: Emerging Bear Trend

Support comes into copper around the $3.20 level today. With today’s Chart Analysis Score of -75, the market is in an emerging trend to the downside.  As stated numerous times, copper generally reflects economic conditions and as such is influenced by equity prices.  With equity prices moving lower today, it is 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 = 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 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: Emerging Bear Trend

Attention, we are now looking at the March (E) contract for Crude Oil.  The close yesterday below $95.90 on the March contract confirmed a double top for this market.  A pullback in this market to the 61.8% Fibonacci retracemet level brings crude back to $85.93 basis March. S upport comes in around the $94.00 level today. With a -70 Chart Analysis Score, we are in an Emerging Bear Trend for crude. Long-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 = 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 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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DOLLAR INDEX
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BIG PICTURE: Strong Bullish Trend

After three incredibly strong up days, this index is resting.  Resistance kicks in today at $81.00 to $81.75.  With all of our Trade Triangles in a positive mode giving a score of +90, we remain firmly committed to the bullish trend.  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 = +90
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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 Bearish Trend

The continued weakness in crude oil today pushed this index below yesterday's lows.  The lowest close we have seen in this index is $292.77.  We consider this a key level for this market as it represents a 61.8% Fibonacci retracement point. This market now looks ready to challenge the lows seen on October 4th at $292.39.  Based on our Trade Triangle technology showing a score of -100, this index is in a strong bearish trend.  Support should be seen at the $292 area for the balance of this week.  Our long, intermediate and now short-term Trade Triangles remain negative for this index.  Long-term and intermediate term traders should 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 = 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 tomorrow, right here with my 1 P.M. update.  Have a productive and profitable trading day.

All the best,
Adam Hewison
President INO.com and co-founder of MarketClub.com