Hello fellow traders everywhere! Adam Hewison here, co-founder of
MarketClub with your mid-day market update for Monday, the 13th of February.
Greece is a done deal!
It's all over now except for the shouting and civil unrest.
Apple trades at $500 a share!
Apple hit $500 a share today, which was a big target for
many traders. Today we will use our Trade Triangle Technology and figure
out Apple's next big move.
3 Stocks on the move today:
PRICELINE.COM INC (PCLN), W W GRAINGER INC (GWW) and First Solar Inc (FSLR)
Did MarketClub's Trade Triangle technology get it right on these three stocks?
Trading Tip:
DON'T FIGHT THE MARKET … MOVE WITH THE MARKET
Now, let's analyze the charts with MarketClub's Trade Triangle Technology.
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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
A close today over the $1351 level would be viewed as a very positive
scenario for this index. Our next target zone for this index is $1360,
and we would not be surprised to see this level reached early this week.
Longer-term we expect this market to move up to the $1550 to $1600 level by late May early, June based on our cyclic work. With all three 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.
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Watch 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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Something BIG is coming in 45 days!
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SILVER (SPOT)
BIG PICTURE: Emerging Trend +70
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
The silver market continues to oscillate between support at $33 an ounce
and resistance at just over the $34.50 level. With a Score of +60 this market remains in a trading range. We think this
market is at the top of a trading cycle, but has not provided conclusive
proof that the cycle has topped out. With our long-term monthly Trade
Triangle in a red negative mode, we expect to see this market run out of
steam around current levels. Our long-term monthly Trade Triangle
remains negative on silver. This particular indicator has done extremely
well in the past. Long-term term traders should be in short positions in
silver with appropriate money management stops. Intermediate term traders should be on the sidelines.
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Watch 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 & 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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GOLD (SPOT)
BIG PICTURE: Trading Range -55
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 choppy action in gold continues as we see this market moving between
the $1760 level on the upside and the $1710 area on the downside. With a
Score of +55, this market is in a trading range. We would not be
surprised to see gold move lower and be on the defensive until the
middle of May. With our long-term monthly Trade Triangle still in a
negative red mode, we cannot get to excited about this market at the
moment. We are not super bearish on this metal, we just need further confirmation with the tools we know are successful in trading gold. Long-term term traders should be in short positions in gold with appropriate money management stops. Intermediate term traders should be on the sidelines.
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Watch 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 & 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 (MAY CONTRACT)
BIG PICTURE: Trading Range +55
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
ATTENTION: We are now tracking the MAY copper contract. We expect the
$3.80 area to be a very good support for this market as we continue to
view the longer-term trend in copper as positive. With a Score of +55 we
are in a trading range with a bias to the upside and continue to be
positive on this market. Look for support at the $3.80 level. The market action looks as though it has created a large base to move higher in the future. Long and Intermediate term traders should now be holding long positions in this index with appropriate money management stops.
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Watch today’s Copper Video Here.
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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.
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CRUDE OIL (APRIL CONTRACT)
BIG PICTURE: Emerging Trend +75
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
ATTENTION: We are now tracking the APRIL crude oil contract. We are only waiting for the weekly Trade Triangle to turn green to give us a positive outlook for crude. We are looking for crude oil to make it's highs somewhere in the May period. Once over $102 a barrel, this market could skyrocket. We want to pay close attention to this market as we believe that the recent market action is reflecting an important cyclic low period. If this is true this market could be headed substantially higher. With a Score of +75 this market is in an emerging trend to the upside. We remain longer term positive on this market. With our monthly and daily Trade Triangles in a positive mode, we expect we will see further market consolidation in crude oil. Long-term traders should be long this market with appropriate money management stops.
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Watch 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 & 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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Join us in 45 days for something you can’t afford miss
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DOLLAR INDEX
BIG PICTURE: Trading Range -60
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 dollar index is showing a bullish divergence on the Williams% R indicator. This means the price moved lower, but the momentum did not and can indicate a reversal is at hand. This market is not out of the woods yet, however the longer-term Trade Triangle does warrant some caution at the moment. We are waiting for this index to hit
the Fibonacci levels listed below and will see how this index acts at
those levels. Only our longer-term monthly Trade Triangle remains
positive on this market. With a Score of -70 this market is
in an emerging trend. We expect that we will be seeing some of the
Fibonacci retracement levels of $78.29 and $77.46 come into play. These represent 50% and 61.8% Fibonacci retracements. Long term traders using our monthly Trade Triangle should maintain long positions with the appropriate stops in place.
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Watch 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
BIG PICTURE: Trading Range -55
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
This idex remains in a broad trading range bound by $320 on the upside and $310 on the downside. With a Score of -55 this
market is locked in a trading range. Our short term daily Trade Triangle
has turned red indicating short term weakness and our longer-term monthly Trade Triangle remains red and negative on this market. Long-term traders should hold short positions in this index with appropriate money management stops.
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Watch 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 & 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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Something BIG is coming in 45 days!
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This is Adam Hewison for MarketClub and I'll see you tomorrow with my mid-day update. Have a profitable
trading day.
Take care everyone,
Adam Hewison
President INO.com and co-founder of MarketClub.com
I see marketclub eventually went bullish, probably not long after bankrupting a load of its members who were still holding short on Adam's advice.
Jason,
What an irresponsible reply and you don't even know how our system works. Jason, as far as I can see you're not and never been a member of MarketClub so how can you comment on something you have no first-hand experience with. That is always a shocking revelation to me when someone makes a offhanded comment not knowing the facts,
Adam
It is also a STUPID comment since if your members went bankrupt so would your business. I wish these types of people would keep it for themslves!
A well known economist stated last year that to get Greece out of trouble it would need the Greek economy to grow by 12% a year, every year for the next thirty years.
I don't know where he got his figures from, but even if you halve his figures Greece will still require further bail outs at regular intervals.
Once we know where all the future bail out funds will come from we can then understand how Greece will survive within the Eurozone.
Massive debt combined with strangling oil & gas prices does not make for a healthy economic future. There is no scenario where this ends well.
I don't think Greece will be a done deal until it defaults and leaves the Euro behind. Don't think the Greek Tragedy will end well.
Do you follow the triangles? Do I really need Vin Scully’s PMI service?
George,
If you follow the Trade Triangles and they're very good you probably don't need to take the advanced classes. However everyone is different and that's why we offer extended training. I'm sure you can understand that.
All the best,
Adam