Hello fellow traders everywhere, Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 12/02/11.
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Another "WOW" week for the markets!
Confusion reigns right now in the markets, as nobody knows quite what to do except … the markets themselves. Tracking the markets for you with our Trade Triangle technology makes it easy to stay ahead of the crowd.
Now let's go to the charts and see what our Trade Triangle technology has to say about all the major markets.
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S&P500 INDEX
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CHANGE FOR THE WEEK: + 7.38%
CLOSE LAST FRIDAY: 1244.28
MKT CLOSED HIGHER FOR THE WEEK
MARKET TREND: TRADING RANGE
OUTLOOK FOR THE COMING TRADING WEEK: MIXED
MARKETCLUB TREND SCORE: = -65
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MARKETCLUB TRADE TRIANGLE TRENDS
Monthly Trade Triangle for Long-Term Trend = Negative
Weekly Trade Triangle for Intermediate Term Trend = Negative
Daily Trade Triangle for Short-Term Trend = Positive
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HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 - 65 Trading Range
Score: 70 - 80 Emerging Trend
Score: 85 - 100 Strong Trend
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long SPY) (Short SH)
2 x Leveraged ETF's: (Long SSO)(Short SDS)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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SILVER (SPOT)
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CHANGE FOR THE WEEK: + 4.76%
CLOSE LAST FRIDAY: 32.56
MKT CLOSED HIGHER FOR THE WEEK
MARKET TREND: BEARISH
OUTLOOK FOR THE COMING TRADING WEEK: MIXED
MARKETCLUB TREND SCORE: = -85
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MARKETCLUB TRADE TRIANGLE TRENDS
Monthly Trade Triangle for Long-Term Trend = Negative
Weekly Trade Triangle for Intermediate Term Trend = Negative
Daily Trade Triangle for Short-Term Trend = Positive
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HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 - 65 Trading Range
Score: 70 - 80 Emerging Trend
Score: 85 - 100 Strong Trend
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long SLV) (Short the ETF SLV)
Leveraged ETF's: (Long AQG) (Short ZSL)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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GOLD (SPOT)
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CHANGE FOR THE WEEK: + 3.91%
CLOSE LAST FRIDAY: 1746.05
MKT CLOSED HIGHER FOR THE WEEK
MARKET TREND: TRADING RANGE
OUTLOOK FOR THE COMING TRADING WEEK: MIXED
MARKETCLUB TREND SCORE: = -65
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MARKETCLUB TRADE TRIANGLE TRENDS
Monthly Trade Triangle for Long-Term Trend = Positive
Weekly Trade Triangle for Intermediate Term Trend = Negative
Daily Trade Triangle for Short-Term Trend = Positive
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HOW TO USE THE MARKETCLUB SCORING SYSTEM
Score: 50 - 65 Trading Range
Score: 70 - 80 Emerging Trend
Score: 85 - 100 Strong Trend
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long GLD) (Short the ETF GLD)
Leveraged ETF's:(Long UGL) (Short GLL)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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COPPER (DECEMBER)
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CHANGE FOR THE WEEK: + 9.46%
CLOSE LAST FRIDAY: 3.5845
MKT CLOSED HIGHER FOR THE WEEK
MARKET TREND: TRADING RANGE
OUTLOOK FOR THE COMING TRADING WEEK: MIXED
MARKETCLUB TREND SCORE: = -65
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MARKETCLUB TRADE TRIANGLE TRENDS
Monthly Trade Triangle for Long-Term Trend = Negative
Weekly Trade Triangle for Intermediate Term Trend = Negative
Daily Trade Triangle for Short-Term Trend = Positive
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HOW TO USE THE MARKETCLUB SCORING SYSTEM
Score: 50 - 65 Trading Range
Score: 70 - 80 Emerging Trend
Score: 85 - 100 Strong Trend
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long JJC)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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CRUDE OIL (JANUARY CONTRACT)
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CHANGE FOR THE WEEK: + 3.74%
CLOSE LAST FRIDAY: 100.96
MKT CLOSED HIGHER FOR THE WEEK
MARKET TREND: BULLISH
OUTLOOK FOR THE COMING TRADING WEEK: HIGHER
MARKETCLUB TREND SCORE: = +100
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MARKETCLUB TRADE TRIANGLE TRENDS
Monthly Trade Triangle for Long-Term Trend = Positive
Weekly Trade Triangle for Intermediate Term Trend = Positive
Daily Trade Triangle for Short-Term Trend = Positive
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HOW TO USE THE MARKETCLUB SCORING SYSTEM
Score: 50 - 65 Trading Range
Score: 70 - 80 Emerging Trend
Score: 85 - 100 Strong Trend
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long USO) (Short the ETF USO)
Leveraged ETF's: (Long UCO) (Short DTO)
Futures: Call your broker
Options: Call your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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US DOLLAR INDEX (SPOT)
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CHANGE FOR THE WEEK: - 1.16%
CLOSE LAST FRIDAY: 78.67
MKT CLOSED LOWER FOR THE WEEK
MARKET TREND: BULLISH
OUTLOOK FOR THE COMING TRADING WEEK: HIGHER
MARKETCLUB TREND SCORE: = +85
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MARKETCLUB TRADE TRIANGLE TRENDS
Monthly Trade Triangle for Long-Term Trend = Negative
Weekly Trade Triangle for Intermediate Term Trend = Negative
Daily Trade Triangle for Short-Term Trend = Positive
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HOW TO USE THE MARKETCLUB SCORING SYSTEM
Score: 50 - 65 Trading Range
Score: 70 - 80 Emerging Trend
Score: 85 - 100 Strong Trend
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long UUP) (Short UDN)
Non Available Leveraged ETF's: (Long -) (Short -)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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REUTERS/JEFFRIES CRB COMMODITY INDEX (SPOT)
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CHANGE FOR THE WEEK: + 2.60%
CLOSE LAST FRIDAY: 313.47
MKT CLOSED HIGHER FOR THE WEEK
MARKET TREND: EMERGING TREND
OUTLOOK FOR THE COMING TRADING WEEK: MIXED
MARKETCLUB TREND SCORE: = -75
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MARKETCLUB TRADE TRIANGLE TRENDS
Monthly Trade Triangle for Long-Term Trend = Negative
Weekly Trade Triangle for Intermediate Term Trend = Negative
Daily Trade Triangle for Short-Term Trend = Positive
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HOW TO USE THE MARKETCLUB SCORING SYSTEM
Score: 50 - 65 Trading Range
Score: 70 - 80 Emerging Trend
Score: 85 - 100 Strong Trend
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SUGGESTED TRADING INSTRUMENTS FOR THIS MARKET
Non Leveraged ETF's: (Long CRBQ) (Short the ETF CRBQ)
Leveraged ETF's: (Long UCO) (Short CMD)
Futures: Contact your broker
Options: Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.
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This is Adam Hewison for MarketClub, I'll see you Monday, have a great weekend.
Lance J
You are usually on point! I agree with the trading range numbers.
How can it be that the monthly and weekly triangles of the dollar index where both positive just two days ago and the daily was negative and now all the three indicators are upside down? Negative the first two and positive the latter!
Is it just a mistake?
Thanks
Dear Sir,
Will you please explain what is theory of trade triangle analysis? Why the term triangle is involved?
Thanking You,
LAL ji
Dow = 11231 - 12388
S&P 500 = 1158 - 1293
Nasdaq = 2300 - 2760
Russell 2000 = 660 - 770
Some technical analysts will place more of an emphasis on prior congestion periods, while others will place more of an emphasis on the most recent swing low to establish supports.
Everyone's going to be a little different but the numbers above will give you the meat of the trading ranges.
Good luck.
What are the trading ranges?
How does the US Dollar index get rated by you as 'bullish trend' +85 with both Monthly and Weekly trade triangles are negative as well as there being a loss for the past week?