"You got to know when to hold 'em, know when to fold 'em." Kenny Rogers - The Gambler, 1978.

Hello fellow traders everywhere!  Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 16th of December.

Kenny Rogers' song has it right, as a trader "you got to know when to hold 'em, know when to fold'em."  That same mantra can even be applied to investors.  Buy and hold is DEAD in the water, for a long time to come.

Silver is having a hard time shining these days.
Down for the week, down for the month, even down for the year!  Does anyone like this market anymore? Today we will examine if now, is the right time to get long this fallen metal!

Slip, Sliding Away - by Paul Simon 1977
This technical formation in Crude oil says it all.

3 Stocks on the move.
Has the trend changed today for any of these three stocks?  We will let our Trade Triangle technology make that call.

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: Trading Range

Today's rally is nothing to get excited about, in our opinion.  Our Trade Triangle technology is indicating a Chart Analysis Score of -55, this score illustrates trading range. The MACD and our PSAR indicator have both turned down and are calling for more weakness in this index. 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 = -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 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

Today the silver market witnessed a short covering rally as the shorts took some of their money off the table.  However, with a Chart Analysis Score of -100, 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 = -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 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 Bear Trend

The gold market is down over $100 for the week and with thin markets and Friday approaching, we see little changing the picture for this metal.  A major long term trend line comes into gold at the $1520 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

Copper is sharply lower for this week with support coming 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 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 = 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 March contract now has a confirmed a double top.  A pullback in this market to the 61.8% Fibonacci retracement level brings crude back to $85.93 basis March. 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 regrouping over the $80 level. Resistance kicks in today at $81.00 to $81.75.  With all of our Trade Triangles in a positive mode giving a score of +100, 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 = +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 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

This index is sharply lower for the week and remains on the defensive. The continued weakness in crude oil is pushing this index down to challenge the $292.77 level.  We consider this level as a key support 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 which has a score of -100, this index is in a strong bearish trend. With all three of our Trade Triangle indicators red we remain firmly entrenched in the bear camp.  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
————-
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 Monday, right here at 1 P.M.  Have a profitable trading day and a great weekend.

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