{"id":12528,"date":"2012-03-06T13:38:23","date_gmt":"2012-03-06T18:38:23","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=12528"},"modified":"2012-03-06T13:38:23","modified_gmt":"2012-03-06T18:38:23","slug":"welcome-to-bear-tuesday","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2012\/03\/welcome-to-bear-tuesday\/","title":{"rendered":"Welcome to BEAR Tuesday"},"content":{"rendered":"

\"\"<\/a>Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 6th of March.
\n
\nHas GOLD lost its luster and appeal? <\/em>
\nDid our Trade Triangle technology get this one right?
\n
\nIs crude oil a great buy or a great sell?<\/em>
\nWe review this global commodity and our results may surprise you.<\/p>\n

3 Stocks on the move today:
\nSUPERVALU INC (SVU<\/strong>), MORGAN STANLEY (MS<\/strong>), and J.C.PENNEY CO INC (JCP<\/strong>).
\nDid MarketClub's Trade Triangle technology get it right on these three stocks?<\/p>\n

SECTORS on the move today: <\/em>
\nCONSUMER GOODS:\u00a0 -1.68%
\nSERVICES:\u00a0 -1.35%
\nHEALTHCARE:\u00a0 -1.81%
\nENERGY:\u00a0 -2.11%
\nTECHNOLOGY:\u00a0 -1.61%
\nFINANCIAL:\u00a0 -1.68%
\nINDUSTRIAL GOODS:\u00a0 -2.31%
\nMATERIALS:\u00a0 -2.41%
\nUTILITIES:\u00a0 -0.76%<\/p>\n

Now, let's analyze the markets using MarketClub's Trade Triangle Technology.
\n-----------------------------------------------------------------------------------------<\/p>\n

S&P 500 INDEX <\/big><\/strong><\/a>
\nBIG PICTURE<\/strong>:\u00a0 Trading Range\u00a0 +55
\nTRADE TRIANGLES:<\/strong> Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bearish<\/span><\/p>\n

This index has fallen back into a trading range, based on a Score of +55. We expect to see some excellent support come in around $1,340 area, which I think will be enough to support this market in the near term. Overall trend continues to be very positive, however we suspect we will see more consolidation in this index before it moves higher. Longer-term we expect this market to move up to the $1,550 to $1,600 level by late May, early June based on our cyclic work. With two of our Trade Triangles green, a bull market is underway.\u00a0 Long and Intermediate term traders should be holding long positions in this index with appropriate money management stops.
\n-----------------------------
\nSee suggested S&P 500<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------
\n\"\"<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

-----------------------------------------------------------------------------------------
\n
\nSILVER (SPOT)<\/a><\/big><\/strong>
\nBIG PICTURE:<\/strong> Emerging Trend\u00a0 -70
\nTRADE TRIANGLES:<\/strong> Monthly = Bullish<\/span> |<\/strong> Weekly = Bearish<\/span> |<\/strong> Daily = Bearish<\/span><\/p>\n

The market action in silver can only be construed as negative at the moment. A 61.8% correction takes this month back down to the $30.40 area in the spot market. We continue to think this market can and will move lower until the end of the month. With a Score of -70, the silver market is now in an emerging trend to the downside. Our long-term monthly Trade Triangle remains positive on silver. This particular indicator has done extremely well in the past. Long term traders should be holding long positions in silver with appropriate money management stops.
\n-----------------------------
\nSee suggested SILVER<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------
\n
\nGOLD (SPOT)<\/a> <\/big>
\nBIG PICTURE:<\/strong> Strong Trend\u00a0 -100
\nTRADE TRIANGLES<\/strong>: Monthly = Bearish<\/span> |<\/strong> Weekly = Bearish<\/span> |<\/strong> Daily = Bearish <\/span><\/p>\n

Like silver, this market put in a terrible performance today and seems destined to move down to test the $1,620 area. This is close to the Fibonacci retracement level of $1,617.34. We are expecting gold to be on defensive for the balance of March. Presently we are negative on gold and we expect it to trade down to much lower levels. We would not rule out a pullback in gold to the $1,650 level, which represents a 50% Fibonacci retracement. With all our Trade Triangles negative, we expect this market to move lower. Long-term and intermediate term traders should be in short positions in gold with appropriate money management stops.
\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 -70
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bearish<\/span> |<\/strong> Daily = Bearish<\/span><\/p>\n

The copper market came under a great deal of pressure today. The key area to watch this week will be the $3.70 level. A move below this area will cause this market serious damage, which will take a long time to repair. We continue to view the longer-term trend in copper as positive. 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-----------------------------------------------------------------------------------------
\n
\nCRUDE OIL (APRIL 2012) <\/big><\/strong><\/a>
\nBIG PICTURE<\/strong>: Trading Range\u00a0 +55
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bearish<\/span><\/p>\n

It was a disappointing day for the bulls in crude oil, as this market pulled back to an area where it should begin to find support around the $105 level.See our special report<\/a> on crude oil. We continue to favor the long side of this market and expect it will improve into early April. We are looking for crude oil to make its highs probably somewhere in the April May period.\u00a0 With a Score of +55, we believe this market is regrouping to move higher later in the month. With our monthly and weekly Trade Triangles in a positive mode, we expect to see further gains in crude oil.\u00a0 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 +75
\nTRADE TRIANGLES:<\/strong> Monthly = Bullish<\/span> |<\/strong> Weekly = Bearish<\/span> |<\/strong> Daily = Bullish
\n<\/span>
\nThe next major level of resistance for the dollar index is $80.00. With a Score of +75, this market is once again in an emerging trend. 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> Trading Range\u00a0 +55
\nTRADE TRIANGLES: <\/strong>Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bearish<\/span><\/p>\n

Despite today's pullback, we remain positive on this index. With a Score of +55, this index has once again moved back into a trading range. We are somewhat surprised that this market has pulled back as much as it has, back to the $315 area, but we still think it is probably a buy at this point in time. Look for any further 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

This is Adam Hewison for MarketClub, don't miss Wednesday MarketClub TV<\/a> at 4 P.M. tomorrow! Have a profitable trading day.<\/p>\n

Take care,
\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 Tuesday, the 6th of March. Has GOLD lost its luster and appeal? Did our Trade Triangle technology get this one right? Is crude oil a great buy or a great sell? We review this global commodity and our results […]<\/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-12528","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":"\nWelcome to BEAR Tuesday - 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\/03\/welcome-to-bear-tuesday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Welcome to BEAR Tuesday - 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 Tuesday, the 6th of March. Has GOLD lost its luster and appeal? Did our Trade Triangle technology get this one right? Is crude oil a great buy or a great sell? 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