Happy Holidays from MarketClub

Happy Holidays from MarketClub.We had to bribe these five staff members with eggnog and something a little stronger to get them to throw caution and snowballs to the wind. Our other staff members are working hard on the production of several new upgrades and features for the 2013 version of MarketClub. Don’t worry, we are keeping all the features you love and adding some new tools that are going to rock your world.

From the entire staff of MarketClub, including the ones who are not in this video, thank you for all your support in 2012. Here’s to a super profitable 2013.

Happy Holidays,
Dave and Adam Co-founders of MarketClub

Gold Chart of the Week

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (December 24 through December 28th)

What a week in the Precious Metals! While the drop in Gold and Silver caught me off guard, I suppose I was not totally surprised. Every year around this time, global markets get thin and it leaves price action vulnerable to unexpected, directional movement.

There were a few factors outside of light volume that may have played a role in the drop. First of all, Washington continues to overpromise and underperform on their Fiscal Cliff negotiations. One of the main points that will remain in limbo without a compromise is taxes. I believe that a large part of the selloff in the Metals was due to traders and investors continuing to book gains on long positions ahead of a potential tax hike next year. Furthermore, these drops invite new sellers to the market that are hoping for a larger scale setback. Second, it was rumored that a large position in the Metals was adjusted after Morgan Stanley decided to drop Paulson and his Metals based investment strategies. Continue reading "Gold Chart of the Week"

Chart to Watch - Natural Gas

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Natural Gas (NG.H13.E).

This week let's take a look at Natural Gas.

The Natural Gas chart put in a monthly green MarketClub Trade Triangle in July and the monthly Triangle has stayed green since.

The red and green weekly MarketClub Trade Triangles since July show the bull swings and counter trend corrections in the larger up trend.

Natural Gas may have put in a correction low for the current counter trend correction. Continue reading "Chart to Watch - Natural Gas"

New Video: The Fiscal Cliff is Looming

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Friday, the 21st of December.

The markets have made a sharp move lower today. The pullback reflects renewed concerns that the U.S. could be pushed over the looming fiscal cliff. While optimism about a potential budget agreement helped to drive stocks higher earlier in the week, traders are expressing renewed concerns about the fiscal cliff following the latest developments in Washington.

The Commerce Department said durable goods orders increased by 0.7 percent in November following a 1.1 percent increase in October. Economists had expected orders to increase by 0.5 percent, matching the increase that had been reported for the previous month.

Excluding a 1.1 percent drop in orders for transportation equipment, durable goods orders surged up by 1.6 percent in November compared to a 1.9 percent jump in October.

The Commerce Department also released a separate report showing a much bigger than expected increase in personal income in November.

Let's see what the Trade Triangles say about the markets today.

Every Success,
Jeremy Lutz

Click Here to view today's video

Poll: Retail store or online?

I've always been the guy who waited until the last possible minute to finish my Christmas shopping which usually meant Christmas Eve. This year I decided to do most of my shopping online with a few stops at local retail stores sprinkled in. Now that my Christmas shopping is done I thought about how my shopping habits have changed and thought. How many of our members/readers use online shopping vs. brick and mortar retail locations?

How did you do your hoilday shopping this year?

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Please leave a comment with your thoughts and don't forget to vote.

Happy Holidays,
Jeremy