{"id":9320,"date":"2011-09-14T13:34:37","date_gmt":"2011-09-14T17:34:37","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=9320"},"modified":"2011-09-14T13:33:28","modified_gmt":"2011-09-14T17:33:28","slug":"can-you-handle-the-truth","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2011\/09\/can-you-handle-the-truth\/","title":{"rendered":"Can You Handle The Truth?"},"content":{"rendered":"

\"\"<\/a>Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Wednesday, the 14th of September.<\/p>\n

Can you handle the truth?<\/p>\n

Like a lot of folks, I love good movies. One of my favorite movies is, \"A Few Good Men<\/a>\" starring Jack Nicholson and Tom Cruise. I was thinking this morning about Jack Nicholson's famous line from the movie, which goes like this: \"You can't handle the truth!\u201d<\/p>\n

Now here is the reality... A politician can spin the truth about his or her record, WHY? To get reelected, of course. A CEO of a company can spin sales projections to pump his stock up, WHY? So he can receive a bigger year end bonus. The pundits who appear on CNBC and Fox business news can spin markets any way they want, WHY? To benefit their own vested interests in a market.<\/p>\n

WANT TO KNOW THE TRUTH?<\/p>\n

This is what I really like about the marketplace: It tells you the truth! It literally is a no spin zone. When you examine the recent downturn in the equity markets, the market was telling you that it did not believe in the policies of this current administration. Similarly, when Ken Lay and Jeff Schilling at Enron were telling everybody how good business was, the market exposed the truth on that bunch of crooks by sending their stock into bankruptcy.<\/p>\n

So can you, as a trader, handle the truth? Does your political bias or a particular view of a market get in the way of your trading?<\/p>\n

When you use a non-biased, objective approach like MarketClub's Trade Triangles as your trading foundation, you will find you can sweep aside all of the spin and BS. All you have to do as a trader is listen to the real truth, and that is which direction is the trend in the market.<\/p>\n

Now, let's go to the 6 major markets we track every day<\/a> and see how we can create and maintain your wealth in 2011.
\n--------<\/p>\n

S&P 500
\nMonthly Trade Triangles for Long-Term Trends = Negative
\nWeekly Trade Triangles for Intermediate Term Trends = Positive
\nDaily Trade Triangles for Short-Term Trends = Negative
\nCombined Strength of Trend Score = - 75<\/p>\n

The battle continues between the Bulls and the Bears as we have entered into a very tight trading range between 1140 on the downside and 1200 on the upside. Our views are based on our Trade Triangle technology and they continue to point to lower levels. The two important lows that were established on August 26th and again on September 6th at the 1140 area are important support for this market. Long-term traders should continue to be short or be out of the market completely, and in a cash position. Intermediate term traders should be on the sidelines waiting for either a buy or sell signal based on our Trade Triangle technology.<\/p>\n

--------
\nSILVER (SPOT)
\nMonthly Trade Triangles for Long-Term Trends = Positive
\nWeekly Trade Triangles for Intermediate Term Trends = Positive
\nDaily Trade Triangles for Short-Term Trends = Negative
\nCombined Strength of Trend Score = + 55<\/p>\n

A move today over the $41.50 level in silver would turn our short term daily Trade Triangle positive. This market is not yet in an oversold condition and we may see further sideways action as the market begins to develop a base in which to rally. The MACD indicator is still in a negative mode and needs to make a turn before this market can go higher. The silver market continues to remain in a long term up trend. However, the short term daily Trade Triangle is negative. With a Chart Analysis Score of + 55 it would appear that this market is in a trading range. We want to watch this market very carefully over the next few days and are looking for an area to add to long positions. Intermediate and longer term traders should maintain long positions in this market with appropriate stops.<\/p>\n

-------------
\nGOLD (SPOT)
\nMonthly Trade Triangles for Long-Term Trends = Positive
\nWeekly Trade Triangles for Intermediate Term Trends = Positive
\nDaily Trade Triangles for Short-Term Trends = Negative
\nCombined Strength of Trend Score = + 55<\/p>\n

While the longer-term trend in gold is still positive, it would appear as though this market is catching its breath and developing a new range. We have seen this happen many times before in the gold market. Gold will have a move-up and then move sideways, in some cases for several months. Maybe gold trading around the $1,800 an ounce level represents a new paradigm in gold value. With a Chart Analysis Score of + 55 it would appear that the gold market is in a near-term trading range. Providing that our monthly and weekly trade triangles remain intact, we want to approach this market from the long side. The Williams % R is not yet in an oversold condition. The $1,850 to $1,900 levels are resistance for gold at the moment. Support comes in around the $1,800 area and extends all the way down to $1,750. Looking at the market, it would appear as though we may have put in a double top. This will only be confirmed with a close below the $1,750 level. Intermediate and long-term traders should maintain long positions with the appropriate money management stops in place.<\/p>\n

-------------
\nCRUDE OIL (OCTOBER)
\nMonthly Trade Triangles for Long-Term Trends = Negative
\nWeekly Trade Triangles for Intermediate Term Trends = Positive
\nDaily Trade Triangles for Short-Term Trends = Positive
\nCombined Strength of Trend Score = + 60<\/p>\n

Yesterday, crude oil closed over the $90 a barrel level. Today is another story, as crude oil is down. This movement underscores the importance of knowing when there is a conflict between indicators. In this case, our monthly Trade Triangle which is the dominant trend indicator is pointing down, while our intermediate and daily Triangles are pointing up. This creates a Chart Analysis Score of + 60, indicating a trading range. Presently we would use a trading range type strategy to trade this market. Those tools would consist of the Williams % R indicator, the Donchian Trading Channels, and the Parabolic SAR indicator. Look for crude oil to continue to move in a sideways to lower manner.<\/p>\n

-------------
\nDOLLAR INDEX
\nMonthly Trade Triangles for Long-Term Trends = Positive
\nWeekly Trade Triangles for Intermediate Term Trends = Positive
\nDaily Trade Triangles for Short-Term Trends = Negative
\nCombined Strength of Trend Score = + 100<\/p>\n

We are very bullish on this index and expect it to move higher in the future. We are looking for this market to regroup above the 76.50 area and want to add to long positions. Longer-term, this market looks poised to move much higher and we would use pullbacks to the 76.60 level as a buying opportunity. This index is coming from a large energy field that is capable of carrying it much higher, possibly up to the 80.00 area. All of our Trade Triangles are currently positive.<\/p>\n

-------------
\nREUTERS\/JEFFERIES CRB COMMODITY INDEX
\nMonthly Trade Triangles for Long-Term Trends = Negative
\nWeekly Trade Triangles for Intermediate Term Trends = Positive
\nDaily Trade Triangles for Short-Term Trends = Negative
\nCombined Strength of Trend Score = - 75<\/p>\n

This index continues to vacillate in a trading range. We expect to be approaching an opportunity when this market is oversold to trade from the long side when we have the correct Trade Triangle signals. With a Chart Analysis Score of - 75, this index is trapped in a trading range and is possibly starting to build an energy field to move higher. We would recommend trading this market using the Williams % R indicator and the Donchian Trading Channels. Long-term traders should remain short this index. Intermediate and short term traders should be out of this market and on the sidelines at the present time.
\n---------------
\nAs always, we rely on our market proven Trade Triangle technology for catching the big moves.
\n---------------
\nBe part of MarketClub TV tonight by calling 410-867-2100<\/strong><\/span> extension 129<\/strong><\/span>.<\/p>\n

* Give us your feedback.
\n* Tell us how you use MarketClub.
\n* Ask us about stocks, futures, precious metals and the forex markets.
\n* Ask us how to use a particular technical indicator.
\n* Tell us how we can make the show better.<\/p>\n

Call today and be entered into a drawing to win a one-year membership to MarketClub. The winner will be announced on next week's show. Don't miss out!<\/p>\n

This is Adam Hewison for MarketClub and I'll see you today at 3 pm! Have a great trading day.<\/p>\n

All the best,
\nAdam Hewison<\/a>
\nPresident, INO.com
\nCo-creator, MarketClub<\/p>\n","protected":false},"excerpt":{"rendered":"

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Wednesday, the 14th of September. Can you handle the truth? Like a lot of folks, I love good movies. One of my favorite movies is, \"A Few Good Men\" starring Jack Nicholson and Tom Cruise. 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Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Wednesday, the 14th of September. Can you handle the truth? Like a lot of folks, I love good movies. One of my favorite movies is, "A Few Good Men" starring Jack Nicholson and Tom Cruise. 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