S&P 500
1972.29
-5.51 -0.28%
Dow Indu
17042.90
-28.32 -0.17%
Nasdaq
4496.42
-9.43 -0.21%
Crude Oil
91.68
+0.52 +0.57%
Gold
1208.750
+2.155 +0.18%
Euro
1.259710
-0.001985 -0.16%
US Dollar
86.112
+0.186 +0.24%
Strong

There is a New Emerging Bull Market and we are not talking about stocks.

Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday the 16th of February.

Why isn't Gold going higher?
Today we will use our Trade Triangle technology and figure out Gold's next move.

TRADING TIP: DON'T FIGHT THE MARKET … MOVE WITH THE MARKET

The New Bull Market --- it's OIL!!
Today we will use our Trade Triangle technology and figure out Oil's next big move.

3 Stocks on the move today:
ITRON INC (ITRI), PACCAR INC (PCAR) and NETAPP INC (NTAP)
Did MarketClub's Trade Triangle technology get it right on these 3 stocks?

Now, let's analyze the markets using MarketClub's Trade Triangle technology.
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S&P 500 INDEX
BIG PICTURE:  Strong Trend  +100
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING: Trading Range (50 to 65) : Emerging Trend (70 to 80) : Strong Trend (85 to 100)

This index continues to trade over the 1340 level. The Market as of this writing is higher for the week which is the important element to look at as this is Thursday. Longer-term we expect this market to move up to the 1550 to 1600 level and that could happen by late May early June based on our cyclic work. With all three of our Trade Triangles green a bull market is underway.  Long and Intermediate term traders should now be holding long positions in this index with appropriate money management stops.
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Watch today’s S&P 500 Video Here.
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Suggested S&P 500 Trading Instruments:
Non Leveraged ETF’s: (Long SPY) (Short SH)
2 x Leveraged ETF’s: (Long SSO)(Short SDS)
Futures & Options are available to trade this market. Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
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SILVER (SPOT)
BIG PICTURE: Trading Range -65
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING: Trading Range (50 to 65) : Emerging Trend (70 to 80) : Strong Trend (85 to 100)

We think this market is at the top of a trading cycle but has not provided conclusive proof that the cycle has topped out a close below $33 today will in our opinion confirm a top and a possible Fibonacci retracement back to $30.00.  Our long-term monthly Trade Triangle remains negative on Silver. This particular indicator has done extremely well in the past. Long-term term traders should be in short positions in Silver with appropriate money management Intermediate term traders should be on the sidelines.
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Watch today’s Silver Video Here.
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Suggested SILVER Trading Instruments:
Non Leveraged ETF’s: (Long SLV) (Short the ETF SLV)
Leveraged ETF’s: (Long AGQ) (Short ZSL)
Futures & Options are available to trade this market. Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
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GOLD (SPOT)
BIG PICTURE: Trading Range +55
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING: Trading Range (50 to 65) : Emerging Trend (70 to 80) : Strong Trend (85 to 100)

With a trading score of +55 this market remains in a trading range. The Gold market however is getting to an oversold area that may provide further support on any future sell-offs. We would not be surprised to see Gold move lower and be on the defensive until the middle of May. With our long-term monthly Trade Triangle still in a negative red mode we cannot get to excited about this market at the moment. That does not mean that we are super bearish on this metal it just means we 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 Intermediate term traders should be on the sidelines.
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Watch today’s Gold Video Here.
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Suggested GOLD Trading Instruments:
Non Leveraged ETF’s: (Long GLD) (Short the ETF GLD)
Leveraged ETF’s:(Long UGL) (Short GLL)
Futures & Options: Are available to trade this market. Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.

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COPPER (MAY CONTRACT)
BIG PICTURE: Trading Range +65
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING: Trading Range (50 to 65) : Emerging Trend (70 to 80) : Strong Trend (85 to 100)

The Copper market is seemingly taking its cue from the Gold and Silver market and has fallen into a trading range. We now expect support to come in at $3.71 which is a 38.2 Fibonacci retracement. We continue to view the longer-term trend in Copper as positive. With a score of +65 we are in a trading range with a bias to the upside and we continue to be positive on this market. Look for support at the $3.71.  The market action looks as though it has created a large base to move higher in the future. Long and Intermediate term traders should now be holding long positions in this index with appropriate money management stops.
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Watch today’s Copper Video Here.
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Suggested Copper Trading Instruments:
Non Leveraged ETF’s: (Long JJC)
Futures & Options are available to trade this market. Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
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CRUDE OIL (APRIL CONTRACT)
BIG PICTURE: Strong Trend +100
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING: Trading Range (50 to 65) : Emerging Trend (70 to 80) : Strong Trend (85 to 100)

With all of our Trade Triangles now green indicate that Crude Oil is in a bull markets and could possibly be moving significantly higher. We are looking for Crude Oil to make its highs probably somewhere in the May period. We want to pay close attention to this market as we believe that the recent market action is reflecting an important cyclic low period for this market. With a trading score of +100 this market is in a strong upward trend to the upside. We remain longer term positive on this market. With our monthly, weekly and daily Trade Triangles are in a positive mode and we expect we will see further gains in Crude Oil. Traders should be long this market with appropriate money management stops.
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Watch today’s Crude Oil Video Here.
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Suggested Crude Oil Trading Instruments:
Non Leveraged ETF’s: (Long USO) (Short the ETF USO)
Leveraged ETF’s: (Long UCO) (Short DTO)
Futures & Options are available to trade this market. Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
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DOLLAR INDEX
BIG PICTURE: Trading Range  +65
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bearish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range (50 to 65) : Emerging Trend (70 to 80) : Strong Trend (85 to 100)

The selling pressure between $80 and $80.40 that we outlined in yesterdays blog posting came into play today as this index reversed from those levels.  With a trade score rating of +65 this market is once again in a trading range. Long term traders using our monthly trade triangles should maintain long positions with the appropriate stops in place.

How to use "Trade Triangles" in futures and Forex.
In the futures and Forex markets we use the weekly "Trade Triangles" for trend and the daily "Trade Triangles" for timing. Let me give you an example of how that works. If a green weekly "Trade Triangle" is in place it indicates that the trend is positive for that market. Initial entry point would be on the weekly green "Trade Triangle" and then you would use a red daily "Trade Triangle" as a stop. For example if the trend was up on the weekly you would exit a position on a red daily triangle. This is not to go short but only to exit the position and wait for the trend to reestablish itself on the upside. In the event the trend that does not reestablish itself and reverses with a weekly red "Trade Triangle" you would go short on the weekly "Trade Triangle" and use the daily "Trade Triangle"for money management and reentry points.
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Watch today’s Dollar Index Video Here.
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Suggested DOLLAR INDEX Trading Instruments:
Non Leveraged ETF’s: (Long UUP) (Short UDN)
Leveraged ETF’s: (Long) (Short)
Futures & Options are available to trade this market. Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
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REUTERS/JEFFERIES CRB COMMODITY INDEX
BIG PICTURE: Emerging Trend  +70
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING: Trading Range (50 to 65) : Emerging Trend (70 to 80) : Strong Trend (85 to 100)

This index is trapped in a broad trading range bounded by $320 on the upside and $310 on the downside. With a trading score of +70 this market has yet to establish a strong trend either way. Our longer-term Trade Triangle remains red and negative on this market. Long-term traders should hold short positions in this index with appropriate money management stops.
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Watch today’s REUTERS/JEFFERIES CRB COMMODITY INDEX Video Here.
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Suggested REUTERS/JEFFERIES CRB COMMODITY INDEX Trading Instruments:
Non Leveraged ETF’s: (Long CRBQ) (Short the ETF CRBQ)
Leveraged ETF’s: (Long) (Short CMD)
Futures & Options are available to trade this market. Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
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PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at: 1-877-219-1482
International: 1-801-341-3981
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This is Adam Hewison for MarketClub, I'll see you tomorrow, have a profitable trading day.

Take care everyone.
Adam Hewison
President INO.com and co-founder of MarketClub.com

Comments

  1. pierre says:

    Can i use your platform for Canadian stock?

  2. I am a trial member says:

    I am based in Australia. The charts there are end of the day charts not live data feed.

    So how do i trade based on your chart. When there is triangle is formed to buy or sell, is it not too late for me to enter.

    Australia ins one day ahead of the USA and also,your day time is our nights.

    How do i use your strategy. I dont trade US stocks. Interested in futures, Forex.

    • Jeremy says:

      Trial Member,

      The Australian feed runs on a 20 minute delay during market hours.Our feed is live during Australian hours and off during U.S. hours.

      Once you see a Trade Triangle or are alerted of one you will place an order with your Broker at the the current price or the next day at market open.

      Below you will find our strategy for trading Futures and Forex with MarketClub.

      Futures and Forex -

      Weekly Triangles determine trend and possible entry points.
      Daily Triangles determine timing: exits, entries and re-entries.

      The last triangle issued on the weekly chart should always be used to identify the overall trend. You can also use the weekly triangle as a potential entry point if you can get into the market within the last 3 trading days of the signal. Then you are to look at the daily triangles for possible exit and re-entry points, or entry points if your weekly is in a steady trend.

      Key Rule: always trade with the trend. Make sure your weekly and daily triangles correspond in direction.

      Best,
      Jeremy

  3. EMIL says:

    EMIL, JE OK, PROSIM ZA , KOMENTAR. EMIL!

  4. George says:

    Adam, are you doing an investment summit here in the Los Angeles area in the future? Why you chose Utah?

  5. J says:

    OK, I've watched idotic comments for while. #1 - If folks are looking for stock tips, I would say look elsewhere, you obviously do not understand trend following. In my opinion, all Adam is telling you is what 'his' perception of the trend is, nothing more, nothing less. His company provides filters, it's your job to decide if the filters provide a clear enough picture for a trade. Some folks begin to sound like fools I think.

  6. GM says:

    Okay. I'm selling every stock I have and buying oil futures. Let's see how your triangles work.

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