Big Surprise at NETFLIX?!?! Guess what our Trade Triangles did?

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By Adam Hewison

Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 26th of January.

NETFLIX picks up 600,000 new subscribers and
  …
Today we look at NETFLIX (NFLX) with our Trade Triangles and see if we got this one right.  What do you think? Watch the video and decide for yourself.

3 stocks on our radar today:
JC PENNY (JCP), LSI CORP (LSI), and TERADYNE INC (TER).
MarketClub’s Trade Triangle technology looks at these three stocks.

Always remember
DON’T FIGHT THE MARKET … MOVE WITH THE MARKET

Now, let’s go to the charts and MarketClub’s Trade Triangle Technology.
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S&P 500 INDEX
BIG PICTURE:  Strong Trend  +90
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

We continue to lean towards the warm side of this market and providing that the $1315 level holds up, we expect to see this market move higher in the future. We now have an upside target in the next two or three months between $1370 and $1400 for this index. That is not to say it will be straight up from here, we would expect to see pullbacks and expect the $1300 level to act as support. With all 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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Suggested S&P 500 Trading Instruments:
Non Leveraged ETF’s: (Long SPY) (Short SH)
2 x Leveraged ETF’s: (Long SSO)(Short SDS)
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 in some ETFs is very thin. Contact your broker for more information.
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SILVER (SPOT)
BIG PICTURE: Emerging Trend  +70
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

The sharp upward movement in silver yesterday was spurred by comments by Fed Chairman Bernanke. This sharp move did not change our long-term monthly Trade Triangle, which we consider to be the bigger trend in this market for long term traders. We think this market is at the top of a trading range cycle, but has not provided conclusive proof that the cycle has indeed topped out. With our long-term monthly Trade Triangle negative, we expect to see this market run out of steam around current levels. With a Chart Analysis Score for silver at +70, silver could be moving into an emerging trend. Long-term term traders should be in short positions in silver with appropriate money management stops. Intermediate term traders should be on the sidelines.
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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: Contracts 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 +70
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

Comments from Fed Chairman Ben Bernanke were all that was needed to push gold prices sharply higher. Yesterday’s sharp upward move did not change the negative monthly Trade Triangle we have for this market. With a Chart Analysis Score of +70, gold could be developing an emerging trend to the upside. We are reluctant to chase gold at these current levels. That factor along with our monthly Trade Triangle which is still negative continues to act as an inhibitor for this market on the upside. Long-term term traders should be in short positions in gold with appropriate money management stops. Intermediate term traders should be on the sidelines.
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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: Contracts 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 (MARCH)
BIG PICTURE: Strong Trend +100
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

The trend is your friend and with all three of our Trade Triangles green, we expect to see this market continue to improve in the weeks and months ahead. As we have said in the past, copper generally reflects economic conditions, and as such is influenced by equity prices.  Look for support at the $3.70 level.  The market action looks as though it has created a large base to move higher in the future. Upside target zone for copper is $4.00. With a Score of +100, we are in a strong trend for this commodity.  Long and Intermediate term traders should now be holding long positions in this index with appropriate money management stops.
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Suggested Copper Trading Instruments:
Non Leveraged ETF’s: (Long JJC)
Futures & Options: Contracts 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 (MARCH)
BIG PICTURE: Trading Range -55
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bearish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

The crude oil market continues to consolidate over the $98 level and with a Chart Analysis Score of -55 today, this market has moved into a trading range. We are longer term positive on this market, however it must move over resistance at $104 to get its upside momentum into high gear.  With our daily and monthly Trade Triangles in positive modes, we expect we will see further market consolidation in crude oil. Long-term traders should be long this market with appropriate money management stops.
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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: Contracts 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 -60
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bearish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

It only took the Fed opening its mouth to crash the dollar.  Once again, we think that debasing the currency is a good thing for the country. This has been the policy of the United States for the past 30 years. Only our monthly Trade Triangle remains long this index and remains in a bullish mode. Long term traders should maintain long positions with the appropriate stops in place.
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Suggested DOLLAR INDEX Trading Instruments:
Non Leveraged ETF’s: (Long UUP) (Short UDN)
Leveraged ETF’s: (Long) (Short)
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 in some ETFs is very thin. Contact your broker for more information.

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REUTERS/JEFFERIES CRB COMMODITY INDEX
BIG PICTURE: Trading Range +60
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80 | Strong Trend 85 – 100

The market action yesterday, based on Fed speak, pushed this index over the critical $316 level. This completed a classic head and shoulders base which is capable of taking this market higher. We would now look for the $316 level to act as support. Our long term Trade Triangle remains negative for this index, while our intermediate signal is green and calling for higher prices. Long-term traders should hold short positions in this index with appropriate money management stops.
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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: Contracts are available to trade this market. Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.

[Ed. Note: Adam Hewison is the president, chief executive officer, and a founder of INO.com, Inc. He is also the author of two highly-acclaimed guides to the forex markets: International Monetary Report and Right on the Money, the Definitive Guide to Forecasting Foreign Exchange Rates. Sign up for his FREE email Trading Course by clicking here now.]

 

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