Oracle misses, Jeffries rallies, Nike rocks and our technology nails all three!

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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 Wednesday the 21st of December.

Oracle, Jeffries, Nike
We examine these three stocks and show you step by step how they played out with our Trade Triangle Technology.  We also point out what we think will happen to these markets in 2012.

Gold needs more time
We take a closer look at gold today and find out why it has recently failed most investors.

Europe
Who can figure out this enigma?  All I know is, it’s not good!

3 Stocks having big moves today
We will let our Trade Triangle technology analyze these three stocks and make the call.

Now, let’s go to the one truth we count on everyday here at MarketClub, our Trade Triangle Technology!

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S&P 500 INDEX
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BIG PICTURE: Trading Range

Yesterday’s rally in the S&P500 index was a strong performance, moving this index up to the $1242 area.  This level represents a 61.8% Fibonacci retracement and a natural resistance area.  Anyone who thinks the markets are not technical, only has to look at yesterday’s action.   It was a perfect example of how markets act both technically and in the “Silly Season”.  With a Chart Analysis Score of +60, this index is once again in a trading range.  With two of our three Trade Triangles now green it is signaling that intermediate term traders should now be out of this market.  Long-term traders should either be in cash or continue to hold short positions in this index with appropriate money management stops.

Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bullish

Combined Strength of Trend Score = +60
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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 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)
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BIG PICTURE: Strong Bearish Trend

The high today in spot silver at $30.18 is likely to hold this market for the balance of of the week.  The trend is clearly on the downside for both the weekly and monthly Trade Triangles.  Only the daily Trade Triangle is in a positive mode and we expect to see that turn red towards the end of the trading week.  Long-term and intermediate term traders and short term traders should be in short positions in silver with appropriate money management stops.

Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trend = Bearish
Daily Trade Triangles for Short-Term Trends = Bullish

Combined Strength of Trend Score = -85
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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 SILVER Trading Instruments:
Non Leveraged ETF’s: (Long SLV) (Short the ETF SLV)
Leveraged ETF’s: (Long AGQ) (Short ZSL)
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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GOLD (SPOT)
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BIG PICTURE: Trading Range

Earlier today, the spot gold market traded over the $1641 level and we expect that this area will contain any further rallies this week.  We expect this market to continue to be choppy, but would not be surprised to see a test of the $1575 level.  Gold has a Chart Analysis Score of -55, which equates to an Trading Range.  With our monthly Trade Triangle so far remaining in a positive position we are longer term bullish on this metal. Intermediate term traders should be out of this market at the moment and on the sidelines waiting for the next signal with the weekly Trade Triangle.

Monthly trade triangles for Long-term trends = Bullish
weekly trade triangles for intermediate term trends = Bearish
daily trade triangles for short-term trends = Bullish

Combined Strength of Trend Score = -55
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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 GOLD Trading Instruments:
Non Leveraged ETF’s: (Long GLD) (Short the ETF GLD)
Leveraged ETF’s:(Long UGL) (Short GLL)
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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COPPER (MARCH)
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BIG PICTURE: Trading Range

We suspect that the $3.43 level that we saw earlier today will be enough to contain any further rallies in this market.  With a Chart Analysis Score of +50, this market remains in a trading range.  As stated numerous times, copper generally reflects economic conditions, and as such is influenced by equity prices.  With equity prices moving higher today, it is in return reflected in higher copper prices.  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.

Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bullish

Combined Strength of Trend Score = -50
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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 Copper Trading Instruments:
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 in some ETFs is very thin. Contact your broker for more information.

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CRUDE OIL (MARCH)
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BIG PICTURE: Trading Range

The crude oil market has resistance at the $100 barrel level and we expect that this level will contain most of this week’s activity.  With a Chart Analysis Score of +55, this market is in a trading range.  The March contract now has a confirmed a double top.  Long-term traders should be long this market with appropriate money management stops.

Monthly Trade Triangles for Long-Term Trends = Bullish
Weekly Trade Triangles for Intermediate Term Trends = Bearish
Daily Trade Triangles for Short-Term Trends = Bullish

Combined Strength of Trend Score = +55
————-
HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
————-
Suggested Crude Oil Trading Instruments:
Non Leveraged ETF’s: (Long USO) (Short the ETF USO)
Leveraged ETF’s: (Long UCO) (Short DTO)
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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DOLLAR INDEX
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BIG PICTURE: Strong Bullish Trend

The bull came roaring back in to the dollar index as it moved from a low of $79.24 earlier today to over $80.00.  The $79.00 area now becomes an important support area for this index.  Resistance kicks in today at $80.50 to $81.00 with support at $79.25.  With two of our Trade Triangles in a positive mode giving a score of +75, we remain firmly committed to the bullish trend.  Long-Term and intermediate term traders should maintain long positions with the appropriate stops in place.

Monthly Trade Triangles for Long-Term Trends = Bullish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bearish

Combined Strength of Trend Score = +75
————-
HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
————-
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
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BIG PICTURE: Strong Bearish Trend

The rally in the crude oil market and other commodity markets was enough to rally this index from the recent lows around $295.00.  We continue to view this index in a longer-term negative mode and we expect that it will run into resistance around the $305.00 level today.  With a Chart Analysis Score of -75, this market just slipped in to an emerging trend.  Our long and intermediate term Trade Triangles remain negative for this index.  Long-term and intermediate term traders should continue to hold short positions in this index with appropriate money management stops.

Monthly Trade Triangles for Long-Term Trends = Bearish
Weekly Trade Triangles for Intermediate Term Trends = Bearish
Daily Trade Triangles for Short-Term Trends = Bullish

Combined Strength of Trend Score = -85
————-
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 REUTERS/JEFFERIES CRB COMMODITY INDEX Trading Instruments:
Non Leveraged ETF’s: (Long CRBQ) (Short the ETF CRBQ)
Leveraged ETF’s: (Long) (Short CMD)
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.

[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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