{"id":12710,"date":"2012-03-14T12:48:58","date_gmt":"2012-03-14T16:48:58","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=12710"},"modified":"2012-03-14T12:48:58","modified_gmt":"2012-03-14T16:48:58","slug":"gold-follows-the-trade-triangles","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2012\/03\/gold-follows-the-trade-triangles\/","title":{"rendered":"Gold follows the Trade Triangles"},"content":{"rendered":"

\"\"<\/a>Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 14th of March.<\/p>\n

Gold follows the Trade Triangles and sinks to its lowest levels in eight weeks.<\/p>\n

Plus, an important engulfing line is forming on a major commodity today.
\n
\nToday's Winning and Losing SECTORS: <\/em>
\nCONSUMER GOODS:\u00a0 -0.28%
\nSERVICES:\u00a0 -0.46%
\nHEALTHCARE:\u00a0 -0.07%
\nENERGY:\u00a0 -0.46%
\nTECHNOLOGY:\u00a0 -0.19%
\nFINANCIAL:\u00a0 -0.54%
\nINDUSTRIAL GOODS:\u00a0 -0.53%
\nMATERIALS:\u00a0 -0.92%
\nUTILITIES:\u00a0 -1.05%<\/p>\n

3 Stocks on the move today: <\/em>
\nZions Bancorporation (ZION<\/strong>), Cliffs Natural Resources Inc (CLF<\/strong>), and LSI Corp (LSI<\/strong>).
\nDid MarketClub's Trade Triangle technology get it right on these three stocks?<\/p>\n

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

S&P 500 INDEX <\/big><\/a>
\nBIG PICTURE:<\/strong>\u00a0 Strong Trend\u00a0 +90
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

With a Score of +90, this index is in a strong upward trend. Long-term and intermediate term traders should remain positive on this index. 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 all of our Trade Triangles green, we are in full bullish mode.
\n-----------------------------
\nSee suggested S&P 500<\/strong> trading instruments HERE<\/a><\/strong>.
\n-----------------------------------------------------------------------------------------<\/p>\n

ONLY 13 Days to go!\u00a0 You can NOT afford to miss this!<\/strong><\/span><\/a><\/span><\/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

A 61.8% correction takes this market back down to the $ 30.40 area on 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, could be entering an emerging trend to the downside. Only 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><\/strong>
\nBIG PICTURE<\/strong>: Strong Trend\u00a0 -90
\nTRADE TRIANGLES<\/strong>: Monthly = Bearish<\/span> |<\/strong> Weekly = Bearish<\/span> |<\/strong> Daily = Bearish<\/p>\n

<\/span>With a Score of -90 this market is in a strong downward trend. This market seems destined to move down to test the $1,620 area, which is close to the 61.8% 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 lower levels. With all three of 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.
\n-----------------------------
\nSee suggested GOLD<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------
\n
\nCOPPER (MAY 2012) <\/a><\/big><\/strong>
\nBIG PICTURE:<\/strong> Trading Range\u00a0 +65
\nTRADE TRIANGLES:<\/strong> Monthly = Bullish<\/span> |<\/strong> Weekly = Bearish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

With a Score of +65 and a possible negative engulfing line forming, copper has once again moved into a trading range. 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 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) <\/a><\/big><\/strong>
\nBIG PICTURE: <\/strong>Trading Range\u00a0 +55
\nTRADE TRIANGLES:<\/strong> Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bearish<\/span><\/p>\n

This market has a strong support area around the $104-$105 level. We also like the chart formation, which we believe will eventually push this market higher.\u00a0 We continue to favor the long side of this market and expect it will improve into early April. See our special report on crude oil HERE<\/a><\/strong> . 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. All traders should be long this market with appropriate money management stops.
\n-----------------------------
\nSee suggested CRUDE OIL<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

ONLY 13 Days to go!\u00a0 You can NOT afford to miss this!<\/strong><\/span><\/a><\/span><\/p>\n

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

DOLLAR 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

With a Score of +100, the dollar is king again as this market acts in a very positive fashion. We expect to see it move higher in the future. Long term and intermediate term traders using our Trade Triangles should maintain long positions with the appropriate stops in place.
\n-----------------------------
\nSee suggested DOLLAR INDEX<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------
\n
\nREUTERS\/JEFFERIES CRB COMMODITY INDEX <\/a><\/big><\/strong>
\nBIG PICTURE: <\/strong>Emerging Trend\u00a0 +70
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

This index continues to regroup and looks as though it wants to go higher. The +70 Score indicates that this market is in an emerging trend. As we mentioned last week, the $314-$315 area is probably a buy at this point in time. Look for pullbacks to be met by good support at that level. 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

ONLY 13 Days to go!\u00a0 You can NOT afford to miss this!<\/strong><\/span><\/a><\/span><\/p>\n

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

This is Adam Hewison for MarketClub and don't miss tonight's MarketClub TV<\/a> show! 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 Wednesday, the 14th of March. Gold follows the Trade Triangles and sinks to its lowest levels in eight weeks. Plus, an important engulfing line is forming on a major commodity today. Today's Winning and Losing SECTORS: CONSUMER GOODS:\u00a0 -0.28% […]<\/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-12710","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":"\nGold follows the Trade Triangles - 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\/gold-follows-the-trade-triangles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold follows the Trade Triangles - 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 Wednesday, the 14th of March. Gold follows the Trade Triangles and sinks to its lowest levels in eight weeks. Plus, an important engulfing line is forming on a major commodity today. 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