Crude surges, stocks advance and gold slips for the third week in a row
Hello fellow traders everywhere, Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 2/17/12.
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Highest weekly closing in Crude since 4/25/11
The equity markets march forward.
Gold slips for the third week.
The dollar loses its way
Will Greece fall on its own the sword?
#1 Pro Trading Tip: DON'T FIGHT THE MARKET … MOVE WITH THE MARKET
Now,let's go to the weekly charts and MarketClub's Trade Triangle Technology.
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DOW INDEX
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WATCH DOW VIDEO
CURRENT MARKET TREND: Bullish
*MARKETCLUB TREND SCORE: +100
CHANGE FOR PAST WEEK: + 1.18%
OUTLOOK FOR COMING WEEK: Higher
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long DIA) (Short DOG)
2 x Leveraged ETF's: (Long DDM)(Short DXD)
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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S&P500 INDEX
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WATCH S&P VIDEO
CURRENT MARKET TREND: Bullish
*MARKETCLUB TREND SCORE: +100
CHANGE FOR PAST WEEK: + 1.38%
OUTLOOK FOR COMING WEEK: Higher
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
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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NASDAQ INDEX
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WATCH NASDAQ VIDEO
CURRENT MARKET TREND: Bullish
*MARKETCLUB TREND SCORE: +100
CHANGE FOR PAST WEEK: + 1.67%
OUTLOOK FOR COMING WEEK: Higher
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long QQQQ) (Short QQQ)
2 x Leveraged ETF's: (Long QLD)(Short QUID)
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 SILVER VIDEO
CURRENT MARKET TREND: Trading Range
*MARKETCLUB TREND SCORE: +65
CHANGE FOR PAST WEEK: - 0.88%
OUTLOOK FOR COMING WEEK: Mixed to Lower
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
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 GOLD VIDEO
CURRENT MARKET TREND: Emerging Bear Trend
*MARKETCLUB TREND SCORE: -75
CHANGE FOR PAST WEEK: - 0.09%
OUTLOOK FOR COMING WEEK: Mixed to Higher
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
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 (MAY)
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WATCH COPPER VIDEO
CURRENT MARKET TREND: Trading Range
*MARKETCLUB TREND SCORE: -60
CHANGE FOR PAST WEEK: - 3.19%
OUTLOOK FOR COMING WEEK: Mixed
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
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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If you are not a member of MarketClub you are missing so much. Learn more.
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CRUDE OIL (APRIL CONTRACT)
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WATCH CRUDE OIL VIDEO
CURRENT MARKET TREND: Bullish
*MARKETCLUB TREND SCORE: +100
CHANGE FOR PAST WEEK: + 4.45%
OUTLOOK FOR COMING WEEK: Higher
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
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 DOLLAR INDEX VIDEO
CURRENT MARKET TREND: Trading Range
*MARKETCLUB TREND SCORE: +60
CHANGE FOR PAST WEEK: - 0.47%
OUTLOOK FOR COMING WEEK: Mixed
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
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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EURO vs US DOLLAR (SPOT)
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WATCH EURO VIDEO
CURRENT MARKET TREND: Trading Range
*MARKETCLUB TREND SCORE: -65
CHANGE FOR PAST WEEK: - 0.37%
OUTLOOK FOR COMING WEEK: Mixed
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long FXE) (Short -)
Non Available Leveraged ETF's: (Long ULE) (Short EUO)
Futures/Forex: 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 (SPOT)
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WATCH CRB VIDEO
CURRENT MARKET TREND: Emerging Bull TRend
*MARKETCLUB TREND SCORE: +70
CHANGE FOR PAST WEEK: + 1.72%
OUTLOOK FOR COMING WEEK: Mixed to Higher
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
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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* HOW THE MARKETCLUB TREND SCORE SYSTEM WORKS: (Trading Range 50 – 65) : (Emerging Trend 70 – 80) : (Strong Trend 85 – 100). A plus or minus sign before the number indicates the possible future direction for the week.
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This is Adam Hewison for MarketClub, I'll see you Monday, have a great weekend.
Since forex markets are open today, how about a forex only update, that would be great. Keep up great work guys!
Could be late Feb, early March. Much maligned Elliott Wave Theory suggests the probablity that 1385 may be S&P 500's top.
all the better, I am ready, but beware of bear traps
bear traps in Extended Flats?
With Armageddon trades, timing is everything, if gold stocks sell off, gold will follow. Wait until late April, early May for Armageddon in the stock market, and even then, reassess.
all the better, I'm ready
For some reason the new "telestrator" doesn't show up on the video. Thanks for these updates Adam, they are very helpful and informative!
Andrew,
Thanks for your feedback. There was a technical glitch that we will work out with the new telestrator. In the meantime, we will fall back on old faithful.
Adam
REMEMBER - SELL WHEN EVERYONE'S BUYING.
THAT'S NOW FOR STOCKS!
GOLD IS LEADING THE WAY DOWN. STOCKS WILL FOLLOW
in today's market, the Everyone you refer are computers, as 70% of the trades are computer driven. Therefore, take human emotion out of your equation. Also, as most humans, individuals and insiders alike are selling into this market since the end of Oct, 2011, the buying is being done by large public corporations buying back their own shares who are attempting to put their flush cash positions (compliments of the Fed printing money) to work at other than 0% interest rates, thus the low volume grind upwards. What will happen when the public companies are satisfied with the appreciation on their cash return? I believe they will start selling. Already they have begun to do so this month relative to Jan. Beware the day that the computer algorithm high frequency trading programs react to the computer driven financial journalism statements.
I had 2 S&P 500 stock index puts in Oct, 1987 purchased for $4000. 3 days later they were sold back for $150,000 after the market fell by 25% in 2-3 days.