Hello fellow traders everywhere, Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 1/06/12.
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We have just finished the first week of trading for 2012 and there have been several worrisome trends hungover from 2011. Here they are:
* Europe hangs over the market
* Crude Oil remains strong
* North Korea is a wild card
* Problems in the Middle East
Any one of these external elements can upset the fragile economy at any time.
Now, let’s go to the one truth we count on everyday here at MarketClub, our Trade Triangle Technology!
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S&P500 INDEX
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WATCH VIDEO
CHANGE FOR THE WEEK: + 1.70%
CLOSE LAST FRIDAY: $1257.60
Market closed HIGHER for the week.
MARKET TREND: TRADING RANGE
OUTLOOK FOR NEXT WEEK: MIXED
MARKETCLUB TREND SCORE: +60
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SCORING SYSTEM: 50 - 65 Trading Range | 70 - 80 Emerging Trend | 85 - 100 Strong Trend
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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: Contact your broker Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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SILVER (SPOT)
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WATCH VIDEO
CHANGE FOR THE WEEK: + 1.07%
CLOSE FRIDAY: $27.64
Market closed HIGHER for the week.
MARKET TREND: STRONG TREND DOWN
OUTLOOK FOR NEXT WEEK: LOWER
MARKETCLUB TREND SCORE: -85
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SCORING SYSTEM: 50 - 65 Trading Range | 70 - 80 Emerging Trend | 85 - 100 Strong Trend
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Suggested SILVER Trading Instruments:
Non Leveraged ETF's: (Long SLV) (Short the ETF SLV)
Leveraged ETF's: (Long AQG) (Short ZSL)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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GOLD (SPOT)
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WATCH VIDEO
CHANGE FOR THE WEEK: + 3.46%
CLOSE LAST FRIDAY: $1561.00
Market closed HIGHER for the week.
MARKET TREND: TRADING RANGE
OUTLOOK FOR NEXT WEEK: MIXED
MARKETCLUB TREND SCORE: -65
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SCORING SYSTEM: 50 - 65 Trading Range | 70 - 80 Emerging Trend | 85 - 100 Strong Trend
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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: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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COPPER (MARCH)
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WATCH VIDEO
CHANGE FOR THE WEEK: + 0.00%
CLOSE LAST FRIDAY: $3.43
Market closed FLAT for the week.
MARKET TREND: TRADING RANGE
OUTLOOK FOR NEXT WEEK: MIXED
MARKETCLUB TREND SCORE: +55
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SCORING SYSTEM: 50 - 65 Trading Range | 70 - 80 Emerging Trend | 85 - 100 Strong Trend
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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 is 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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CRUDE OIL (MARCH)
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WATCH VIDEO
CHANGE FOR THE WEEK: + 2.87%
CLOSE LAST FRIDAY: $99.07
Market closed HIGHER for the week.
MARKET TREND: STRONG TREND UP
OUTLOOK FOR NEXT WEEK: HIGHER
MARKETCLUB TREND SCORE: +90
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SCORING SYSTEM: 50 - 65 Trading Range | 70 - 80 Emerging Trend | 85 - 100 Strong Trend
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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: Call your broker
Options: Call your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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US DOLLAR INDEX (SPOT)
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WATCH VIDEO
CHANGE FOR THE WEEK: + 1.31%
CLOSE LAST FRIDAY: $80.20
Market closed HIGHER for the week.
MARKET TREND: STRONG TREND UP
OUTLOOK FOR NEXT WEEK: HIGHER
MARKETCLUB TREND SCORE: +100
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SCORING SYSTEM: 50 - 65 Trading Range | 70 - 80 Emerging Trend | 85 - 100 Strong Trend
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Suggested DOLLAR INDEX Trading Instruments:
Non Leveraged ETF's: (Long UUP) (Short UDN)
Non Available Leveraged ETF's: (Long -) (Short -)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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REUTERS/JEFFRIES CRB COMMODITY INDEX
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WATCH VIDEO
CHANGE FOR THE WEEK: + 1.29%
CLOSE LAST FRIDAY: $305.53
Market closed HIGHER for the week.
MARKET TREND: TRADING RANGE
OUTLOOK FOR NEXT WEEK: MIXED
MARKETCLUB TREND SCORE: +55
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SCORING SYSTEM: 50 - 65 Trading Range | 70 - 80 Emerging Trend | 85 - 100 Strong Trend
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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 UCO) (Short CMD)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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This is Adam Hewison for MarketClub, I'll see you Monday. Have a great weekend.
Take care everyone,
Adam Hewison
President INO.com and co-founder of MarketClub.com
i AGREE WITH "ADAM" 100% regarding the North Korean idiot elect. The first time he starts rattling his ignorance at the world with threats, he should be killed just like BEN LADEN. Why sacrifice millions of people in North Korea and endanger even one life fighting him! This is justified assasination no matter how you look at it. These people do not deserve justice of any kind.