{"id":12340,"date":"2012-02-24T13:30:08","date_gmt":"2012-02-24T18:30:08","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=12340"},"modified":"2012-02-24T13:30:08","modified_gmt":"2012-02-24T18:30:08","slug":"its-friday-do-you-know-which-markets-are-headed-higher","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2012\/02\/its-friday-do-you-know-which-markets-are-headed-higher\/","title":{"rendered":"It's Friday, do you know which markets are headed higher?"},"content":{"rendered":"

\"\"<\/a>Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 24th of February.<\/p>\n

A bull market that is surprising everyone<\/em>...
\nToday we will figure out why the equity markets are going higher.<\/p>\n

Where is the next stop for crude oil? <\/em>
\nWe share with you with the next major level for crude oil.<\/p>\n

3 Stocks on the move today: <\/em>
\nSALESFORCE.COM INC (CRM<\/strong>), INTERPUBLIC GROUP OF COMPANIES (IPG<\/strong>), and GAP (GPS<\/strong>).
\nDid MarketClub's Trade Triangle technology get it right on these three stocks?<\/p>\n

Now, let's analyze the markets using MarketClub's Trade Triangle Technology.
\n-----------------------------------------------------------------------------------------
\n
\nS&P 500 INDEX <\/a><\/big><\/strong>
\nBIG PICTURE:<\/strong>\u00a0 Strong Trend\u00a0 +100
\nTRADE TRIANGLES:<\/strong> Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

I think the action in the equity markets is starting to surprise a lot of people. I would say if we see a close over $1367 today, it will be bullish for the weekend. 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.\u00a0 Long and Intermediate term traders should now be holding long positions in this index with appropriate money management stops.
\n-----------------------------
\nSee suggested S&P 500<\/strong> trading instruments HERE<\/a><\/strong>.
\n-----------------------------------------------------------------------------------------<\/p>\n

\"\"<\/a><\/p>\n

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 <\/p>\n

 <\/p>\n

 
\n-----------------------------------------------------------------------------------------<\/p>\n

SILVER (SPOT) <\/big><\/strong><\/a>
\nBIG PICTURE<\/strong>: Strong Trend\u00a0 +90
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

A move and close over $36.00 would be a game changer for silver, as it breaks a major downtrend line. This would set up a target zone of around $44.00. We want to be patient and wait to see if this actually happens. Our long-term monthly Trade Triangle turned positive yesterday. This particular indicator has done extremely well in the past. Long and Intermediate term traders should now be holding long positions in silver with appropriate money management stops.
\n-----------------------------
\nSee suggested SILVER<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

GOLD (SPOT) <\/big><\/strong><\/a>
\nBIG PICTURE<\/strong>: Trading Range\u00a0 +60
\nTRADE TRIANGLES:<\/strong> Monthly = Bearish<\/span> |<\/strong> Weekly = Bullish<\/span> | <\/strong>Daily\u00a0 = Bullish <\/span><\/p>\n

Gold is fast approaching the major resistance level at $1800 an ounce, and we expect that this will be a major in pediment to this market's run up. With a Score of +60, the gold market is in a trading range.\u00a0 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 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.
\n-----------------------------
\nSee suggested GOLD<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

COPPER (MAY 2012) <\/big><\/strong><\/a>
\nBIG PICTURE:<\/strong> Emerging Trend\u00a0 +75
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bearish <\/span>|<\/strong> Daily = Bearish <\/span><\/p>\n

We would view a close today over $3.90 in the May contract as a very bullish sign for this market and a good close for the week. With a Score of +75, the copper market is regrouping from it's recent sell-off and moving into an emerging trend. We continue to view the longer-term trend in copper as positive. Look for support next week at the $3.77 level.\u00a0 The market action looks as though it has created a large base to move higher in the future. Long term traders should now be holding long positions in this index with appropriate money management stops.
\n-----------------------------
\nSee suggested COPPER<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

CRUDE OIL (APRIL 2012) <\/big><\/strong><\/a>
\nBIG PICTURE<\/strong>: Strong Trend\u00a0 +100
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

We spelled out the case last week for a bullish market in crude oil and if you haven't seen our special report, you may want to check it out HERE (LINK TO SPECIAL REPORT). We are looking for crude oil to make its highs probably somewhere in the May period.\u00a0 With a Score of +100, this market is in a strong trend to the upside. We remain longer term positive on this market. With our monthly, weekly, and daily Trade Triangles in a positive mode, we expect we will see further gains in crude oil. All traders should be long this market with appropriate money management stops.
\n-----------------------------
\nSee suggested CRUDE OIL<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------
\nPERSONAL MARKETCLUB COACHING<\/strong> <\/a>
\nFree consultation, Free call.
\nGive us a call at: 1-877-219-1482
\nInternational: 1-801-341-3981
\n-----------------------------------------------------------------------------------------
\n
\nDOLLAR INDEX <\/a><\/big><\/strong>
\nBIG PICTURE:<\/strong> Trading Range\u00a0 -70
\nTRADE TRIANGLES:<\/strong> Monthly = Bullish<\/span> |<\/strong> Weekly = Bearish <\/span>|<\/strong> Daily = Bearish <\/span><\/p>\n

This index does not appear as though it's going to close well for the week and we would not be surprised to see some further selling pressure coming in to this market. A 61.8% Fibonacci retracement takes this market back down to the $77.38 level. With a Score of -70, this market is once again in a emerging trend to the downside. Long term traders using our monthly Trade Triangles should maintain long positions with the appropriate stops in place.
\n-----------------------------
\nSee suggested DOLLAR INDEX<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

REUTERS\/JEFFERIES CRB COMMODITY INDEX <\/big><\/strong><\/a>
\nBIG PICTURE<\/strong>: Strong Trend\u00a0 +100
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

A close today over the $325 level should be viewed as very positive for this index, indicating that inflation is well on it's way. With all our Trade Triangles green, it would appear as though this market is sending a strong signal that inflation is just around the corner. Look for this index to move steadily higher. With a Score of +100 and in a strong uptrend, look for any pullbacks to be met by good support.\u00a0 Long-term and intermediate term traders should hold long positions in this index with appropriate money management stops.
\n-----------------------------
\nSee suggested REUTERS\/JEFFERIES CRB COMMODITY INDEX<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

\"\"<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

-----------------------------------------------------------------------<\/p>\n

This is Adam Hewison for MarketClub and I'll see you tomorrow with my weekend update. Have a profitable trading day.<\/p>\n

Take care everyone,
\nAdam Hewison <\/a>
\nPresident INO.com and co-founder of MarketClub.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 24th of February. A bull market that is surprising everyone... Today we will figure out why the equity markets are going higher. Where is the next stop for crude oil? We share with you with the next […]<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[4071,2082,3917,28,1961,1067,3839,3831,147,23,307,2074,4053],"class_list":["post-12340","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-8-95-trial","tag-copper","tag-crb","tag-crude-oil","tag-debt","tag-dollar","tag-donchian-channel","tag-dx","tag-fibonacci-resistance","tag-gold","tag-precious-metals","tag-sp500","tag-williamr"],"yoast_head":"\nIt's Friday, do you know which markets are headed higher? - INO.com Trader's Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wwwtest.ino.com\/blog\/2012\/02\/its-friday-do-you-know-which-markets-are-headed-higher\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It's Friday, do you know which markets are headed higher? - INO.com Trader's Blog\" \/>\n<meta property=\"og:description\" content=\"Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 24th of February. A bull market that is surprising everyone... Today we will figure out why the equity markets are going higher. Where is the next stop for crude oil? 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