Amazon tanks, while stocks in Europe and the U.S. head higher.

Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 1st of February.

Is Amazon growing it's business, or gambling with disaster?
We will examine Amazon (AMZN) and see what led to today's disastrous loss. It's another lesson on how the technicals get the timing right before the news comes out.

3 Stocks on the move today:
WHIRLPOOL CORP (WHR), BROADCOM CORP (BRCM), and MARATHON PETROLEUM CORP (MPC).
Did MarketClub's Trade Triangle technology get it right for these three stocks?

Always remember …
DON'T FIGHT THE MARKET … MOVE WITH THE MARKET

Now, let's go to the charts and MarketClub's Trade Triangle Technology.
-----------------------------------------------------------------------------------------
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

We are encouraged by today's market action and would view a move over the $1328.5 level as extremely positive. With a Score of +100, this market is very strong hands and in a strong upward trend. Longer-term we expect this market to move up to the $1370 to $1380 level by as early as May based on cyclic work. With all 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.
-----------------------------
Watch today’s S&P 500 Video Here.
-----------------------------
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.
-----------------------------------------------------------------------------------------
PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at: 1-877-219-1482
International: 1-801-341-3981
-----------------------------------------------------------------------------------------
SILVER (SPOT)
BIG PICTURE: Trading Range  +60
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

The silver market continues to chop around, fighting resistance at $34 and finding support at $33. A move below today's low of $33 will, in our opinion, bring in aggressive profit-taking. We think this market is at the top of a trading range cycle, but has not provided conclusive proof that the cycle has indeed topped out. With our long-term monthly Trade Triangle red, we expect to see this market run out of steam around current levels. This particular indicator has done extremely well in the past. With a Chart Analysis Score for silver at +60, silver is in a trading range. Long-term term traders should be in short positions in silver with appropriate money management stops. Intermediate term traders should be on the sidelines.
-----------------------------
Watch today’s Silver Video Here.
-----------------------------
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.

-----------------------------------------------------------------------------------------
GOLD (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

Contrary to popular opinion, we believe that gold is at or close to the top of it's cycle. With our long-term monthly Trade Triangle still negative, we cannot get excited about this market at the moment. We are not super bearish on this metal, however we just need further confirmation with the tools we know are successful in trading gold. The gold market faces some stiff resistance around the $1750 area, that extends all the way to $1800 an ounce. We would expect to see more of a two-way market in the weeks ahead. That factor along with our negative monthly Trade Triangle, continues to act as an inhibitor for this market on the upside. Long-term term traders should be in short positions in gold with appropriate money management stops. Intermediate term traders should be on the sidelines.
-----------------------------
Watch today’s Gold Video Here.
-----------------------------
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.

-----------------------------------------------------------------------------------------
COPPER (MARCH)
BIG PICTURE: Strong Trend  +85
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

We continue to be positive on the copper market, and are looking for much higher levels. The pullback seen in the past few days, is in fact in our opinion, just a pullback of a longer-term bull market. We continue to be positive on this market and expect the $3.75 level to act as support for any further weakness we see.  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 $3.70 level.  The market action looks as though it has created a large base to move higher in the future. Upside target zone for copper is $4.00. With a Score of +85, we are in an strong trend for this commodity. Long and Intermediate term traders should now be holding long positions in this index with appropriate money management stops.
-----------------------------
Watch today’s Copper Video Here.
-----------------------------
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.

-----------------------------------------------------------------------------------------
CRUDE OIL (MARCH)
BIG PICTURE: Trading Range -55
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

Crude oil for the past week and a half has lacked any real cohesive direction, in our opinion. With a Score of -55, it reflects a true trading range. We believe we are now at the lower levels of the trading range and would not be surprised to see a pop to the upside. We still remain longer-term positive on this market and expect to see it make some new highs soon, however it must move over resistance at $102 to get its upside momentum into high gear.  With our daily and monthly Trade Triangles in positive modes, we expect we will see further market consolidation in crude oil. Long-term traders should be long this market with appropriate money management stops.
-----------------------------
Watch today’s Crude Oil Video Here.
-----------------------------
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.
-----------------------------------------------------------------------------------------
PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at: 1-877-219-1482
International: 1-801-341-3981
-----------------------------------------------------------------------------------------
DOLLAR INDEX
BIG PICTURE: Trading Range  -55
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

The US dollar index got hammered today, moving to its lowest levels since early December. Longer term, the trend is still positive and we expect that we will be seeing some of the Fibonacci retracement levels come into play in the days and weeks ahead. With a Chart Analysis Score of -55, this market is in a broad trading range. The mixed picture could also mean we will see a pullback to the $78.26 level and the $77.43 level. Both of these levels represent Fibonacci retracement points of 50% and 61.8%. Long term traders should maintain long positions with the appropriate stops in place.
-----------------------------
Watch today’s Dollar Index Video Here.
-----------------------------
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.

-----------------------------------------------------------------------------------------
REUTERS/JEFFERIES CRB COMMODITY INDEX
BIG PICTURE: Emerging Trend  -75
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

We have seen this index pull back into a mini Fibonacci retracement level around the $311.65 area, however with a -75 Score this market appears to be on the defensive. Our long-term monthly Trade Triangle continues to be negative. Until that changes, we cannot get excited about this market on the long side. Somewhere along the line, this trend will change and we believe it will be an important turning point in the inflation spiral that could be waiting for all of us. Long-term traders should hold short positions in this index with appropriate money management stops.
-----------------------------
Watch today’s REUTERS/JEFFERIES CRB COMMODITY INDEX Video Here.
-----------------------------
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.
-----------------------------------------------------------------------------------------
PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at: 1-877-219-1482
International: 1-801-341-3981
-----------------------------------------------------------------------------------------
This is Adam Hewison for MarketClub and I'll see you this afternoon with MarketClub TV. It's not too late to post your questions for the show!

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