Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 P.M. market update for Monday, the 12th of December.
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Risk on – Risk off, what will tomorrow be?
The Collapse of Gold
Today, we want to take a close look at the gold market. We will see if the big move to the upside is over, and how far this move to the downside is likely to go. Plus, what investors should be doing right now in the gold market.
Currency Watch
Have the shorts got it wrong in the euro/dollar cross?
Big Movers
Three stocks that are having big moves today. We will see if those moves are for real based on our Trade Triangle technology.
Now, let’s go to the one truth you can count on, the charts! Let’s see how they can create, protect, and expand your wealth in the future.
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S&P 500 INDEX
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BIG PICTURE: Trading Range
Classic trading range market. The Trade Triangles are showing a Chart Analysis Score of +55, indicating we are in a trading range for the S&P 500. Our weekly Trade Triangle turned positive a week ago Monday, 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 = Bearish
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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See today’s S&P 500 Video Here.
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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.
