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SUPERCOMMITTEE, EUROPE, and other big problems for the markets<\/strong><\/p>\n Now comes the SUPERCOMMITTEE, it's not just a committee, it's a SUPERCOMMITTEE with no space. I keep thinking to myself, what is a SUPERCOMMITTEE, how is it different from a committee? In fact, I was so intrigued that I looked up SUPERCOMMITTEE in the dictionary, the word doesn't even exist. Like a lot of things in Washington these days, it's all about smoke and mirrors, followed by no substance.<\/p>\n On the 23rd of this month, just before Thanksgiving, the so-called SUPERCOMMITTEE is going to come out with their recommendations, it's not going to happen. Chances are, the report\/recommendations will be delayed until the following week. If anyone's good at kicking the can down the road, it's Washington.<\/p>\n Another fly in the ointment for the markets this coming week, is the report by Reuters, that Standard & Poor's may be downgrading more major banks. This would not be a good sign for the economy or the equity markets, which last week turned our Trade Triangles to a -100, indicating that the bear is back.<\/p>\n Over in Europe, David Cameron and Angela Merkel continue to spar, (now there's two professional can kickers) Here is a direct quote from Merkel, \"You have to be careful not to pretend to have powers that you do not,\" she said, following remarks she made this past week that the ECB would not have the right to be the lender of last resort under existing rules. \"The markets will catch on quickly that that will not work.\"<\/p>\n Angela, you got that one, right.<\/p>\n Has anything really changed in Europe? YES, it's gotten worse.<\/p>\n In fact, it's gotten so bad, that I'm thinking of starting a collection fund to buy violins, to send over to European politicians. I want them to have a musical instrument to learn how to play, as they may soon be out of work and need to make a living.<\/p>\n Okay, now let's go to the charts and the video and see how we can create and maintain your wealth in 2011.<\/p>\n ------------- Monthly Trade Triangle for Long-Term Trend = Negative ------------- Monthly Trade Triangle for Long-Term Trend = Negative ------------- ------------- Monthly Trade Triangle for Long-Term Trend = Positive ------------- ------------- Monthly Trade Triangle for Long-Term Trend = Negative LAST CHANCE TO WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A HP WiFi TABLET<\/a><\/p>\n ------------- Monthly Trade Triangle for Long-Term Trend = Positive ------------- -------------<\/p>\n LAST CHANCE TO WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A HP WiFi TABLET<\/a><\/p>\n ------------- Monthly Trade Triangle for Long-Term Trend = Positive ------------- ------------- Monthly Trade Triangle for Long-Term Trend = Negative -------------<\/p>\n![\"\"](\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2011\/11\/weekend.png\" "\\"weekend\\"")
<\/a>This week I want to give credit where credit is due. One thing that Washington does really well, is they know how to name things, have you noticed that? Remember these names? The American Recovery and Reinvestment Act of 2009, Shovel Ready Jobs,<\/strong> or my favorite, \"Cash for Clunkers\" <\/strong>remember that one?<\/p>\n
\n S&P500 INDEX<\/strong>
\n-------------
\nCHANGE FOR THE WEEK: - 3.81%
\nCLOSE LAST FRIDAY: 1215.65
\nMKT CLOSED LOWER FOR THE WEEK
\nMARKETCLUB Trend Score = -100
\nTREND: Bearish
\nOUTLOOK FOR THE COMING TRADING WEEK: LOWER<\/a>
\n-------------
\nHOW TO USE THE MARKETCLUB SCORING SYSTEM:
\nScore: 50 - 65 Trading Range
\nScore: 70 - 80 Emerging Trend
\nScore: 85 - 100 Strong Trend<\/p>\n
\nWeekly Trade Triangle for Intermediate Term Trend = Negative
\nDaily Trade Triangle for Short-Term Trend = Negative
\n-------------
\nSuggested Trading Instruments for this INDEX
\nNon Leveraged ETF's: (Long SPY) (Short SH)
\n2 x Leveraged ETF's: (Long SSO)(Short SDS)
\nFutures: Contact your broker
\nOptions: Contact your broker
\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n
\n SILVER (SPOT)<\/strong>
\n-------------
\nCHANGE FOR THE WEEK: - 6.83%
\nCLOSE LAST FRIDAY: 32.30
\nMKT CLOSED LOWER FOR THE WEEK
\nMARKETCLUB Trend Score = -100
\nTREND: Bearish
\nOUTLOOK FOR THE COMING TRADING WEEK: LOWER<\/a>
\n-------------
\nHOW TO USE THE MARKETCLUB SCORING SYSTEM:
\nScore: - 50 - 65 Trading Range
\nScore: - 70 - 80 Emerging Trend
\nScore: - 85 - 100 Strong Trend<\/p>\n
\nWeekly Trade Triangle for Intermediate Term Trend = Positive
\nDaily Trade Triangle for Short-Term Trend = Negative<\/p>\n
\nSuggested Trading Instruments for SILVER
\nNon Leveraged ETF's: (Long SLV) (Short the ETF SLV)
\nLeveraged ETF's: (Long AQG) (Short ZSL)
\nFutures: Contact your broker
\nOptions: Contact your broker
\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n
\nENTER HERE TO WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A WiFi TABLET<\/a>
\n-------------
\n GOLD (SPOT)<\/strong>
\n-------------
\nCHANGE FOR THE WEEK: - 3.69%
\nCLOSE LAST FRIDAY: 1,721.80
\nMKT CLOSED LOWER FOR THE WEEK
\nMARKETCLUB Trend Score = + 55
\nTREND: Trading Range
\nOUTLOOK FOR THE COMING WEEK: MIXED<\/a>
\n-------------
\nHOW TO USE THE MARKETCLUB SCORING SYSTEM:
\nScore: 50 - 65 Trading Range
\nScore: 70 - 80 Emerging Trend
\nScore: 85 - 100 Strong Trend<\/p>\n
\nWeekly Trade Triangle for Intermediate Term Trend = Positive
\nDaily Trade Triangle for Short-Term Trend = Negative<\/p>\n
\nSuggested Trading Instruments for GOLD
\nNon Leveraged ETF's: (Long GLD) (Short the ETF GLD)
\nLeveraged ETF's:(Long UGL) (Short GLL)
\nFutures: Contact your broker
\nOptions: Contact your broker
\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n
\n COPPER (DECEMBER)<\/strong>
\n-------------
\nCHANGE FOR THE WEEK: - 1.81%
\nCLOSE LAST FRIDAY: 3.4020
\nMKT CLOSED LOWER FOR THE WEEK
\nMARKETCLUB Trend Score = - 75
\nTREND: Emerging Bear
\nOUTLOOK FOR THE COMING WEEK: LOWER<\/a>
\n-------------
\nHOW TO USE THE MARKETCLUB SCORING SYSTEM:
\nScore: 50 - 65 Trading Range
\nScore: 70 - 80 Emerging Trend
\nScore: 85 - 100 Strong Trend<\/p>\n
\nWeekly Trade Triangle for Intermediate Term Trend = Positive
\nDaily Trade Triangle for Short-Term Trend = Negative
\n-------------
\nSuggested Copper Trading Instruments:
\nNon Leveraged ETF's: (Long JJC)
\nFutures: Contracts are available to trade this market. Contact your broker
\nOptions: Options Contracts are available to trade this market.Contact your broker
\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n
\n CRUDE OIL (December)<\/strong>
\n-------------
\nCHANGE FOR THE WEEK: - 1.59%
\nCLOSE LAST FRIDAY: 97.41
\nMKT CLOSED LOWER FOR THE WEEK
\nMARKETCLUB Trend Score = + 70
\nTREND: Emerging Bull
\nOUTLOOK FOR THE COMING WEEK: MIXED<\/a>
\n-------------
\nHOW TO USE THE MARKETCLUB SCORING SYSTEM:
\nScore: 50 - 65 Trading Range
\nScore: 70 - 80 Emerging Trend
\nScore: 85 - 100 Strong Trend<\/p>\n
\nWeekly Trade Triangle for Intermediate Term Trend = Positive
\nDaily Trade Triangle for Short-Term Trend = Negative<\/p>\n
\nSuggested Trading Instruments for CRUDE OIL
\nNon Leveraged ETF's: (Long USO) (Short the ETF USO)
\nLeveraged ETF's: (Long UCO) (Short DTO)
\nFutures: Call your broker
\nOptions: Call your broker
\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n
\n US DOLLAR INDEX (SPOT)<\/strong>
\n-------------
\nCHANGE FOR THE WEEK: + 1.47%
\nCLOSE LAST FRIDAY: 78.04
\nMKT CLOSED HIGHER FOR THE WEEK
\nMARKETCLUB Trend Score = + 90
\nOUTLOOK FOR THE COMING WEEK: HIGHER<\/a>
\n-------------
\nHOW TO USE THE MARKETCLUB SCORING SYSTEM:
\nScore: 50 - 65 Trading Range
\nScore: 70 - 80 Emerging Trend
\nScore: 85 - 100 Strong Trend<\/p>\n
\nWeekly Trade Triangle for Intermediate Term Trend = Positive
\nDaily Trade Triangle for Short-Term Trend = Positive<\/p>\n
\nSuggested Trading Instruments for the US DOLLAR INDEX
\nNon Leveraged ETF's: (Long UUP) (Short UDN)
\nNon Available Leveraged ETF's: (Long -) (Short -)
\nFutures: Contact your broker
\nOptions: Contact your broker
\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n
\n REUTERS\/JEFFRIES CRB COMMODITY INDEX (SPOT)<\/strong>
\n-------------
\nCHANGE FOR THE WEEK: - 2.56%
\nCLOSE LAST FRIDAY: 312.232
\nMKT CLOSED LOWER FOR THE WEEK
\nMARKETCLUB Trend Score = - 100
\nTREND: Bearish
\nOUTLOOK FOR THE COMING WEEK: LOWER<\/a>
\n-------------
\nHOW TO USE THE MARKETCLUB SCORING SYSTEM:
\nScore: 50 - 65 Trading Range
\nScore: 70 - 80 Emerging Trend
\nScore: 85 - 100 Strong Trend<\/p>\n
\nWeekly Trade Triangle for Intermediate Term Trend = Negative
\nDaily Trade Triangle for Short-Term Trend = Negative
\n-------------
\nSuggested Trading Instruments for the REUTER\/JEFFRIES CRB COMMODITY INDEX
\nNon Leveraged ETF's: (Long CRBQ) (Short the ETF CRBQ)
\nLeveraged ETF's: (Long UCO) (Short CMD)
\nFutures: Contact your broker
\nOptions: Contact your broker
\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n
![\"\"](\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2010\/03\/Adam-tux-blog.jpg\" "\\"Adam")
<\/a><\/p>\n