Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 7th of December.
————
PERSONAL MARKETCLUB COACHING
Free consultation, Free call.
Give us a call at 877–219–1482!
————
Don't worry about Europe, here's one stock that has it all.
For the past several months, the market has been fixated on what is going on in Europe. While that's an incredibly important element in the global picture, there are still many markets that are offering great opportunities both here in the states and overseas.
One of the easiest ways to find winning markets and winning trades is to use MarketClub's SmartScan tool that is available to all MarketClub members. We have demonstrated this tool time and time again, and it continues to find excellent trades in stocks, futures, precious metals and Forex.
Today, in addition to the regular markets we cover, we will be looking at a couple of interesting stocks that I think could fit into your portfolio in 2012.
Now, let's go to the charts and the video and see how we can create and protect your wealth for the balance of the year.
————-
S&P 500 INDEX
————-
BIG PICTURE: Trading Range
Support today at $1243. The Trade Triangles are showing a Chart Analysis Score of +70, indicating we are presently in a trading range for the S&P 500. Our weekly Trade Triangle turned positive on Monday, signaling that intermediate term traders should now be out of this market. Long-term 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 = +70
————-
HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
————-
See today's S&P 500 Video Here.
————-
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.
————-
PERSONAL ONE-ON-ONE MARKETCLUB COACHING
Free call – 877–219–1482 – Free consultation.
Watch my personal one-on-one coaching right here.
————-
SILVER (SPOT)
————-
BIG PICTURE: Strong Trend Bearish
With a Chart Analysis Score of -70, silver is in a waffling between a trading range and a bearish trend. Generally speaking, the major trend for silver continues to be negative based on our monthly and weekly Trade Triangles. Our intermediate weekly Trade Triangle turned negative on 11/17 and our daily Trade Triangle moved into the negative column yesterday, putting all our Trade Triangles into negative mode. 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 = Bearish
Combined Strength of Trend Score = -70
————-
HOW TO USE THE MARKETCLUB SCORING SYSTEM:
Score: 50 – 65 Trading Range
Score: 70 – 80 Emerging Trend
Score: 85 – 100 Strong Trend
————-
See today's Silver Video Here.
————-
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.