Is the new bull market finally underway?

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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 Tuesday, the 10th of January.

Finally, a major signal in the S&P500 today

We show you how our Trade Triangles are viewing the S&P500 and share with you how we use filters in our trading to enhance profits.

3 Stocks on the move today
Life Technologies (LIFE), Genworth Financial (GNW) and Tiffany and Co (TIF) Let’s see how our Trade Triangles analyze these stocks.

3 stocks that hit our radar screen this morning
Lululemon Athletica (LULU), Cirrus Logic (CRUS), Caterpillar (CAT)
We examine all three stocks and apply our Trade Triangle technology to help make sense of these markets.

Now, let’s take a look at the charts with 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 SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend

Today the S&P 500 flashed a buy signal at $1292.66, indicating that higher prices are ahead for this index.  This is the first time we have seen a buy signal in this index since 9/17/10. With all three of our three Trade Triangles now green, it is signaling that 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: Trading Range +60
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend

The silver market is close to touching the upper levels of the Donchian Channel. We suspect that this area will be an area of resistance for silver.  A strong close over $30 is needed to confirm an interim bottom.  With a +60 Score we remain in a trading range.  The major trend is to the downside in the monthly Trade Triangle.  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 -55
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bearish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend

The gold market is close to touching the upper levels of the Donchian Channel. We suspect that this area will be a resistance area for gold.  Despite the sharp rally in this market, only the daily Trade Triangle is green, indicating we can see more sideways action in the very short term.  With a Chart Analysis Score of -55, we expect this market to continue to be choppy.  With our monthly Trade Triangle now in a negative position we are no longer bullish this metal. Intermediate term traders should be short this market, waiting for the next signal with the weekly Trade Triangle.
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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: Trading Range +60
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend

We suspect that an interim top has been put in the copper market at the $3.50 to $3.55 levels.  With a Score of +60, we are stuck in a trading range.  The major trend based on our monthly Trade Triangle continues to be negative. Long-term traders should continue to hold short positions in copper with appropriate money management stops. Intermediate term traders should now be on the sidelines.
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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: Strong Trend +90
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend

The +90 Chart Analysis Score in this market indicates an a strong trend to the upside. However, we are a little concerned that this market made a four day low yesterday and this fact should be watched closely.  The crude oil market has resistance starting at $104.  Long and intermediate-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: Strong Trend +85
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend

With two of our three Trade Triangles in a green positive mode, this index is still in strong hands and in a strong upward trend. Our Trade Triangle technology has been long this index for quite sometime.  A note of caution, this index hit our predicted target zone of $81.50 earlier yesterday, and it may be vulnerable to a pullback.  Long and intermediate 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: Emerging Trend +70
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: 50 – 65 Trading Range | 70 – 80 Emerging Trend | 85 – 100 Strong Trend

Today’s market action pushed this index outside of the Donchian Trade Channels and we expect that we will see this index fall once again into the confines of its channel.  With a Chart Analysis Score of +70, this index is now in an emerging trend.  Our long term Trade Triangle remains negative for this index.  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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