logo
  Join        Login             Stock Quote
Global Jitters Send Crude Oil Higher And The Dow Hits 13,000!
By: Market Club   Tuesday, February 21, 2012 1:53 PM
Contact your broker for more information.

—————————————————————————————–
CRUDE OIL (APRIL)
BIG PICTURE: Strong Trend  +100
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING: Trading Range (50 to 65) | Emerging Trend (70 to 80) | Strong Trend (85 to 100)

We were looking for a close in the April contract over the $103.38 level, and that took place last Friday. Today's action we consider positive. See our special report on crude oil.  We are looking for crude oil to make it's highs probably somewhere in the May period.  With a Score of +100, this market is in a strong trend to the upside. We remain longer term positive on this market. With our monthly, weekly and daily Trade Triangles in a positive mode, we expect we will see further gains in crude oil. Traders should be long this market with appropriate money management stops.
Suggested Crude Oil Trading Instruments:
Non Leveraged ETF's: (Long USO) (Short the ETF USO)
Leveraged ETF's: (Long UCO) (Short DTO)
Futures & Options are available to trade this market. Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.
Free consultation, Free call.
Give us a call at: 1-877-219-1482
International: 1-801-341-3981
—————————————————————————————–
DOLLAR INDEX
BIG PICTURE: Trading Range  -70
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bearish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range (50 to 65) | Emerging Trend (70 to 80) | Strong Trend (85 to 100)

With a Score of -70, this market is once again in a emerging trend. Long term traders using our monthly Trade Triangles should maintain long positions with the appropriate stops in place.
—————————–
Suggested DOLLAR INDEX Trading Instruments:
Non Leveraged ETF's: (Long UUP) (Short UDN)
Leveraged ETF's: (Long) (Short)
Futures & Options are available to trade this market. Contact your broker
WARNING: Liquidity in some ETFs is very thin. Contact your broker for more information.

—————————————————————————————–
REUTERS/JEFFERIES CRB COMMODITY INDEX
BIG PICTURE: Emerging Trend  +70
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING: Trading Range (50 to 65) | Emerging Trend (70 to 80) | Strong Trend (85 to 100) Presently, this index is trapped in a broad trading range bound by $320 on the upside and $310 on the downside. A close over $325 should be viewed as very bullish. With a Score of +70, this market could be moving into an emerging trend to the upside. Our longer-term Trade Triangle remains red and negative on this market. Long-term traders should hold short positions in this index with appropriate money management stops.


<< Previous Page12  

Comments Closed


  
Advertisement

Related Press Releases
  • No Stories Found
Popular Articles
Advertisement
Recent Articles by Market Club
Advertisement




Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 800 contributors and press releases, SEC filings and full text news from thousands of sources.



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.