Is it Buy Time for Halliburton? Wait for it.....wait for it....

Today we are going to be analyzing the stock of Halliburton Company (NYSE:HAL). On January 27th, a new red monthly Trade Triangle appeared, the first in 12 months for the stock. This indicates a significant technical development and changes the outlook and direction of Halliburton.

Today's in depth analysis is not to say the stock is going to collapse and go out of business, but rather we are noting a confluence of certain technical indicators that do not paint a positive picture for this stock.

There is an old adage in trading and it says "they slide faster than they glide." Translated that means stocks go down a lot faster than they go up.

What Does This Company Do?

Halliburton Company provides a range of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies worldwide.

Chart Legend & Technical Picture (Black Numbers)

1. Classic long term trend line
2. Neckline of a Head and Shoulders Top
3. Head and Shoulders Top
4. Break below the 14 month trend line and Head and Shoulders Neckline
5. Fibonacci retracement levels
6. RSI divergence with price action below 50.

All of the Trade Triangles are red and negative.

To summarize, I expect the current downtrend in Halliburton Company (NYSE:HAL) to continue unless I see otherwise with the Trade Triangle technology.

If we are correct in our analysis, we could potentially see Halliburton move down to the following Fibonacci retracement levels:

38.2% @ $46.13
50% @ $43.00
61.8% @ $39.86

The 61.8% Fibonacci level of $39.86 nicely matches the Head and Shoulders target zone of $40.00. These two measurements confirm one another and make a strong case for this stock trading down to the $40 level in the next few months.


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Is it time to be sweet on Sugar SGG

Our friends at the MarketClub have posted that they are seeing a bullish uptrend arrow for sugar coming from their Trade Triangle technology. MarketClub contributor Jim Robinson says.......

"Sugar looks to be making a Head and Shoulder base and a breakout to the upside would be bullish. A Head and Shoulders pattern isn't a completed pattern until there is a neckline breakout. Waiting for the neckline breakout helps to confirm the pattern is good and will keep us from buying into what looks like a head and shoulders base, but then fails. The weekly MarketClub Trade Triangle is pointing up which is bullish. If sugar trades higher and makes a strong move through the neckline, that puts the odds with higher prices, making this a great chart to watch as big bull move is possibly on the way for sugar"

Here is Jim's chart and technical view of the Trade Triangles for May sugar using SF.K13.E

We are long sugar using ETN ticker SGG




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Natural Gas....Is it time to trust the bullish Trade Triangles?

Today we are going to take a look at the technical picture of Natural Gas (NG.J13.E) and analyzing it using the MarketClub Trade Triangles. Natural gas found support at a double bottom level, has moved higher, and put in a weekly MarketClub green Trade Triangle, which is bullish.

If natural gas continues higher and breaks through resistance, it would put in a monthly MarketClub green Trade Triangle, which would be even more bullish. The MACD is on a buy signal and right now everything is pointing to higher prices for natural gas. This is a chart to watch, as big things look to possibly be in store on the upside for natural gas.



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Is Crude Oil Topping Out or Resting to go Higher?

April crude oil was slightly higher overnight as it extends the rally off October's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term. If April extends this month's rally, the 87% retracement level of 2011's decline crossing at 109.54 is the next upside target. Closes below the 20 day moving average crossing at 101.23 would confirm that a short term top has been posted.

First resistance is Thursday's high crossing at 108.74. Second resistance is the 87% retracement level of 2011's decline crossing at 109.54. First support is the 10 day moving average crossing at 103.83. Second support is the 20 day moving average crossing at 101.23. Todays pivot point for crude oil is 107.34.

After the recent run up in crude oil, we feel the market is now regrouping to gather strength to move higher. 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.


Make Sure to Check out today's 50 Top Trending Stocks

Crude Oil Supply Gains Puts Crude Oil Bulls on Their Backs.....Again!

Crude oil futures tanked today after supplies spiked up by 4 + million barrels. This after the Bloomberg News Survey forecasted a 2.6 million barrel gain.

Crude oil for the past week and a half has lacked any real cohesive direction, in our opinion. With a Score of -55, it reflects a true trading range. We believe we are now at the lower levels of the trading range and would not be surprised to see a pop to the upside.

We still remain longer term positive on this market and expect to see it make some new highs soon, however it must move over resistance at $102 to get its upside momentum into high gear.

With our daily and monthly Trade Triangles in positive modes, we expect we will see further market consolidation in crude oil. Long term traders should be long this market with appropriate money management stops.

Crude oil closed lower on Wednesday and the low range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near term.

If March renews January's decline, December's low crossing at 92.95 is the next downside target. Closes above the reaction high crossing at 101.39 are needed to confirm that a short term low has been posted.

First resistance is the reaction high crossing at 101.39. Second resistance is the reaction high crossing at 102.24. First support is last Monday's low crossing at 97.40. Second support is December's low crossing at 92.95.

Here is a preview of the MarketClub Trade Triangle Chart Analysis and Smart Scan technology

Will Crude Oil be the New Gold Standard in 2012?

Crude oil is on the move. Tensions, technicals and Trade Triangles are propelling crude oil higher!

February crude oil closed higher on Tuesday as it extended the rally off December's low. The high range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near term.

If February extends the rally off December's low, November's high crossing at 103.28 is the next upside target. Closes below the 20 day moving average crossing at 98.70 would signal that a short term top has been posted.

First resistance is November's high crossing at 103.28. Second resistance is the May 2011 high crossing at 105.34. First support is the 20 day moving average crossing at 98.70. Second support is the 38% retracement level of the October-November rally crossing at 92.73.

With a Chart Analysis Score of +100, this market is in a strong upward trend. The crude oil market has resistance starting at $102 up to the $103 level. Long and intermediate term traders should be long this market with appropriate money management stops.

Monthly Trade Triangles for long term trends is bullish. Weekly Trade Triangles for intermediate term trends is bullish. And daily Trade Triangles for short term trends are bullish.

Just click here to check out Adam Hewisons first video of 2012.


Five Best Trade Ideas for the Next Two Weeks

Adam Hewison: Is This Rally For Real?

What is behind this market’s rally? The market has been going higher on light volume and admittedly to an area that has presented problems for the S&P 500 in the past, the 1220 area. It is an important policy to respect market action, as we believe that trumps everything in the long run. The market is at some very crucial levels.

Looking back at the past two months, you can see we have just been in a very broad trading range. I believe that professional traders will be shorting the S&P 500 against the highs that were seen just recently. The risk is maybe 10 or 15 points and the downside is maybe 200 points. So the risk reward ratio is really quite attractive from a trading standpoint.

There are “two flies in the ointment” we see right now. First, the S&P 500 is heavily overbought on the Williams% R indicator and at resistance. Secondly, our monthly Trade Triangle continues to be negative for this market. I believe that this combination will begin to put this market on the defensive, perhaps even later today and next week.

It has been an interesting week and it would appear that all of the markets we track are closing against the major trends. This is not to say the markets have reversed course, rather we are seeing a counter trend rally against the bigger trends.

Now let's look at the crude oil market......

The crude oil market continues to mirror the action in the equity markets. Providing the equity markets keep going higher, we should see oil go higher. Conversely, if we see the equity markets heading lower, we will see oil heading lower. At the moment, we believe the latter course is going to be the direction for this market in the next few weeks even though crude closed the week strong at 86.80. Both our long term and intermediate term Trade Triangles continue to be negative.

Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = – 55



Here's our week ending video covering the 6 major markets we track every day.

Adam Hewison: This Little European Country Holds the Key to Our Economic Future

It would appear that this little country in Europe holds the key to either economic disaster or economic enslavement. The entire country of Slovakia has a population of a little over four million people and a workforce of maybe two million people. These two million people are now being asked to shoulder the debt burden of $5 billion as their share of the European recovery program. That does not seem fair to me.

This tiny country has a better GDP growth rate than the United States. It also has a population that is 99% literate. And I heard this morning, their tax rate is 19% for individuals and 19% for corporations, and the country is thriving in relative terms. Maybe we can all learn something from how this country is run.

GDP (2010 est.): $88.4 billion.
GDP growth rate (2010): 4.0%.
Nominal GDP per capita (2010): $16,288 (ING Bank).
Unemployment (2010): 13.5%.
Consumer price inflation (2010): 1% (Ministry of Finance).
Public deficit (2010): 7.8% GDP.

Now let’s see what our Trade Triangle technology is saying about crude oil......

Please note that we are switching to the December contract for crude oil. Presently this market is overbought and we expect to see a pullback from current levels. We are not totally convinced that this market has made a reversal to the upside and expect it to once again reverse back down and test the $80 level. As you know this market has been closely tied in to the movements of the S&P 500. Overall we still view the trend in this market as negative. Intermediate and Long term traders should continue to be short the crude oil market.

Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = – 55

November crude oil closed up $0.65 a barrel at $86.05 today. Prices closed nearer the session high again today and hit another fresh three week high. Bulls have gained solid upside technical momentum just recently. Prices have rallied around $10.00 a barrel from last week's low. The bulls have the near term technical advantage.

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Adam Hewison: There Is Only One Word to Describe Q3 .... Volatility

It’s here! We’ve reached crunch time for the markets and portfolio managers everywhere. It is not often you have the weekly, monthly and quarterly markets all ending on the same day, but Q3 is playing out to that scenario.

I think there is only one word to describe Q3: volatility. Volatility ruled the markets and has pushed many investors to the sidelines. Conservatively, it is better to be in cash than be long the equity markets at the present time.

I find it hard to believe that some of the pundits say we can go into defensive stocks. My question would be why? Why be in the market when it’s going down? It just makes no sense to me.
The philosophy behind our Trade Triangle Technology is very simple.

We want to be long the market when it is going up and either short or out of the market when it is going down. The reality is the market can only do three things: it can go up, down, or sideways, that’s it! How many things in life do you know that are that simple?

Yesterday, we talked about the major trends in the markets and how important it is to know the direction of the trend for each and every market you have an interest in.

Let's see what our Trade Triangles are telling us about the crude oil market.....

Crude oil has been quite predictable. Tell me what the equity markets are going to do tomorrow, and I’ll tell you what the crude oil market will also do. This market is lower for the quarter and the month, but at the moment is slightly higher for the week. Our Trade Triangles are still indicating a very negative mode and we would not be surprised to see the $78 level tested again. A market close below $80 a barrel today, should be viewed as extremely negative for the crude oil. Intermediate and Long term traders should continue to be short the crude oil market.

Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = – 85

Check out Adams daily video on the six markets he publicly covers.

Seven Month High in U.S. Dollar Muscles Crude Oil and Commodities Lower

We have been saying that the crude oil market is tied with the equity markets. As the equity markets go, so does crude oil. The November contract appears to be having some problems with an area of resistance at the $84.50 level.

With both our long term monthly and intermediate term Trade Triangles negative, we expect this market to have another push down to test the $80 level and possibly the $78 a barrel level. While this market is presently higher for the week, it is lower for the month and the quarter. Intermediate and Long term traders should continue to be short the crude oil market.

We are just two days short of the end of Q3 and the end of the month. How are these markets going to close for the quarter and for the week? Depending on which markets you are looking at, most markets are lower for the month, with the exception of the dollar index. The dollar index could possibly close at a seven month high on the monthly charts.

One thing is for certain, Europe is not the United States of America. In Europe there are too many areas of national pride for each individual country. I always believed this national trait would act as the Achilles’ heel in a euro zone economy. My view has not changed.

Can the banks be saved? We will let the markets answer that question for us.

November crude oil closed lower on Wednesday as it consolidates some of this week's rebound. The low range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning bullish hinting that a low might be in or is near. Closes above the 20 day moving average crossing at 86.39 would temper the near term bearish outlook.

If November extends this month's decline, August's low crossing at 76.61 is the next downside target. First resistance is the 10 day moving average crossing at 84.27. Second support is the 20 day moving average crossing at 86.39. First support is Monday's low crossing at 77.11. Second support is August's low crossing at 76.61.

Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = – 85


Trading 101...."How To Trade Market Sentiment"

Don't Be Fooled By This Rally, Crude Oil Bears Maintain The Advantage

The crude oil market has been finding support around the $78 a barrel level. Today’s move to the upside helped alleviate some of the oversold condition that this market was experiencing. The rally triggered our short term Trade Triangle into a positive mode.

This was not enough based on both our long term monthly and intermediate term weekly Trade Triangles which remain in the negative column. As you may recall we are tying the crude oil market with the equity markets. As the equity markets go, so does crude oil at the moment. Intermediate and Long term traders should continue to be short the crude oil market.

November crude oil closed up $4.18 a barrel at $84.42 today. Prices closed near the session high today. A rallying U.S. stock market and weaker U.S. dollar index boosted crude today. The crude bulls did gain fresh upside near term technical momentum today. A bullish double bottom reversal pattern may be forming on the daily bar chart.

Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = – 75

Adam Hewison: All Eyes Continue To Focus On Europe

Here we are on the first day of the last week of September, with the end of Q3 approaching on Friday. Are the equity markets building a base to go higher? Or is this just a pause before we start heading back down?

All eyes continue to be focused on the European problem, especially Greece. We still believe Greece will default on their debt. And we still think that the politicians are looking for an easy way out of this economic malaise, unwilling to accept the consequences of their actions.

Last week we saw all the markets under pressure. For the last couple of days we’ve seen some minor support coming to the equity markets. And just today we have seen support come into the metals markets at much lower levels than most folks anticipated.

The November contract for crude oil appears to be finding support at the $78 a barrel level. While it is too early to say that this market has made a bottom, the action indicates that the momentum for the moment has stopped going down.

All of our Trade Triangles remain negative, with resistance coming out just around the $81.80 level basis November. As you may recall we are tying the crude oil market with the equity markets. As the equity markets go, so does crude oil at the moment. Short, Intermediate and Long term traders should continue to be short the crude oil market.

Crude oil closed higher due to short covering on Monday as it consolidates some of this month's decline. The high range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but remain bearish signaling that sideways to lower prices are possible near term.

If November extends this month's decline, August's low crossing at 76.61 is the next downside target. Closes above the 20 day moving average crossing at 86.96 would temper the near term bearish outlook.

First resistance is the 10 day moving average crossing at 85.65. Second support is the 20 day moving average crossing at 86.96. First support is today's low crossing at 77.11. Second support is August's low crossing at 76.61.

Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short Term Trends = Negative
Combined Strength of Trend Score = – 90


Has gold found support? Read "Gold & Silver Pullback as Forecasted ..... Now for the Big Opportunity"

Crude Oil Market Commentary For Tuesday Sept. 20th

The crude oil market is presenting a mixed picture at the moment with our longer term monthly Trade Triangle negative and our intermediate term weekly Trade Triangle positive. This has created a trading range at the moment. The crude oil market remains in a sort of sideways motion, but with a bias toward testing the lower range of the Donchian trading channel. The Williams % R indicator is stuck in the middle, giving no real clue to direction.

Also pay attention to the MACD since it is beginning to lose momentum and could be rolling over to the downside if we have any more negative closes. We do not think that the crude oil market is ready to go higher, based on our long term monthly Trade Triangle which remains negative. The $90 a barrel resistance continues to stop this market on the upside. Look for crude oil to continue to move in a sideways to lower manner.

November crude oil posted an inside day with a higher close on Tuesday as it consolidated some of Monday's decline but remains below August's uptrend line crossing near 87.07. The mid range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI have turned bearish signaling that sideways to lower prices are possible near term. Closes below last Monday's low crossing at 85.17 would confirm an end to the corrective rally off August's low while opening the door for a larger-degree decline into the end of September.

Closes above the May-July downtrend line crossing near 91.62 would confirm an end to this summer's decline. First resistance is last Tuesday's high crossing at 90.60. Second resistance is the May-July downtrend line crossing near 91.62. First support is last Monday's low crossing at 85.17. Second support is the reaction low crossing at 83.47.

Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short Term Trends = Negative
Combined Strength of Trend Score = – 65


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Good News Out of Europe is Not Enough to Send Oil Higher

Yesterday, crude oil closed over the $90 a barrel level. Today is another story, as crude oil is down. This movement underscores the importance of knowing when there is a conflict between indicators. In this case, our monthly Trade Triangle which is the dominant trend indicator is pointing down, while our intermediate and daily Triangles are pointing up.

This creates a Chart Analysis Score of + 60, indicating a trading range. Presently we would use a trading range type strategy to trade this market. Those tools would consist of the Williams % R indicator, the Donchian Trading Channels, and the Parabolic SAR indicator. Look for crude oil to continue to move in a sideways to lower manner.

Crude oil posted an inside day with a lower close on Wednesday as it consolidated some of the rebound off Monday's low. The low range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are overbought, diverging and are neutral signaling that sideways trading is possible near term.

Closes below Monday's low crossing at 85.17 would confirm an end to the corrective rally off August's low. Closes above the May-July downtrend line crossing near 92.92 would confirm an end to this summer's decline. First resistance is Tuesday's high crossing at 90.60. Second resistance is the May-July downtrend line crossing near 92.92. First support is Monday's low crossing at 85.17. Second support is the reaction low crossing at 83.47.

Crude Oil Trade Triangles......

Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = + 60

Adam Hewison: The Markets Voted and it's No Confidence In Obama

It would appear that President Obama’s speech last night was not well received looking at the financial markets this morning.

Readers of this report know that we rely on our Trade Triangle technology for trends, and not what a government official has to say and this includes the president of the United States. I learned over the years that the markets generally tell you what they’re going to do. Price action alone is the greatest truth you can see in the marketplace. Price action is what determines trends, price action is what determines traders actions.

Many newbie traders think there must be some mystical power that drives the markets. The truth is, the market is driven by people who believe prices are you going to go higher or go lower. It is that simple, however, most investors tend to over think the market.

Now I understand that there are folks out there that would disagree with that statement and say that the fundamentals, i.e. supply and demand, earnings etc. etc. is what drives the markets. Yes, there is a certain truth to that, but the other part of the equation is the psychology of the market. Market sentiment or psyche can really play havoc on the fundamentals and that is why price action alone is the best market analyst in the world.

As we go into this weekend with the 10th anniversary of 9/11 looming over everyone’s head It’s important to look at how the markets are closing for the week.

We consider how a market closes for the week to be very important. Did the market make or lose ground for the week? Which way is the monthly Trade Triangles? Did the market close in the direction of the major trend? All of these thoughts are reflected for the most part in the weekly closing price of any market. That’s why we concentrate and bring to you our weekend updates, which allows you to see the big picture and not the minutia of every tick.

Let's look at Crude Oils price action........

The Crude Oil market once again backed off from the $90 a barrel level which we have talked about as being resistance for this market. The Williams % R is setting up for a negative divergence to the downside. Crude Oil reversed itself from the top of its Donchian trading channel yesterday. The monthly Trade Triangle is still negative for this market. We look for Crude Oil to continue to move in a sideways pattern much like it did for most of August. The longer term monthly Trade Triangle must be given more weight than either the daily or weekly Trade Triangles.

Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = + 60

Check out todays video that covers all 6 markets that Adam follows.....

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Adam Hewison: Forget The News If You Want To Trade Successfully!

Many news stories, particularly when it comes to the markets, are basically fed to reporters by folks who have a vested interest in that particular market. I’ve seen this happen time and time again, when information is given to an online anchor or someone else who is on air and reading the latest news. The information that they report, may be not accurate. In the competitive rush to get news online, and be the 1st to break a story, very few stories are ever checked and triple checked.

So we wake up this morning with the potential conflict in Libya over, and Libya’s Colonel Qaddafi’s 42 year reign of insanity has maybe come to an end. Based on that news, the Dow rallies up over 200 points. Let’s see, that little conflict cost the US about 1 trillion dollars, money we don’t have. How could that be good for the market?

Now we are tying the news in Libya to the markets here and the terrible economic conditions that exist, it is a stretch by anyone’s imagination. The truth is, that the markets probably rallied based on a short covering. Many active traders went home with short positions over the weekend. When the markets did not follow through to the downside they quickly covered their short positions and pushed the market higher.

So here’s my advice, do not pay too much attention to the news. Let the market, and the price action give you all the direction you need. Market action is the # 1 item to watch to be a successful trader.

Now, let’s go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011.

S&P 500
Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short Term Trends = Negative
Combined Strength of Trend Score = – 90

Remember, despite the big call this morning, the major trend is down for the equity markets. Today’s strong rally was probably an opportunity to go short. We see this market going lower.

SILVER
Monthly Trade Triangles for Long Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = + 100

Our Trade Triangles kicked in perfectly with a buy at 42.20 basis spot. Based on this signal, all traders should be long this market or looking to trade silver from the long side.

GOLD
Monthly Trade Triangles for Long Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = + 100

Long Term, intermediate and short term traders should hang on for the ride and protect profits with money management stops. It looks more and more likely that we will get close to the magical $2,000 an ounce. We expect to see professional profit taking and some shorting at that level.

CRUDE OIL 
Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short Term Trends = Negative
Combined Strength of Trend Score = – 90

Despite the knee jerk reaction rally based on the news out of Libya, the trend in crude oil is bearish. Long Term, intermediate and short term traders should hang on for the ride and protect profits with money management stops. The longer term trend for crude oil is down based on our Trade Triangle technology.

DOLLAR INDEX
Monthly Trade Triangles for Long Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short Term Trends = Negative
Combined Strength of Trend Score = + 55
This market has remained in a fairly well defined trading range for the last several months. With a Chart Analysis Score of + 55 we would want to approach this market using our Donchian Trading Channels as well as our Williams %R indicator. The index remains below its 200 day moving average, while our longer-term Trade Triangle remains positive.

REUTERS/JEFFERIES CRB COMMODITY INDEX
Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short Term Trends = Negative
Combined Strength of Trend Score = – 100

While our bias is towards inflation, the index is currently indicating that we are in more of a deflationary scenario. We want to remain patient and let our Trade Triangles signal when this market has made a trend change to the upside. Long Term, intermediate and short term traders should hang on for the ride and protect profits with money management stops.

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Markets Hit Record High Prices For Gold!

The big news today has got to be record high prices for gold. As you know we’ve been very positive on this market longer term and we believe that the market was going to make its highs at the end of Q3. Today’s action certainly confirms that this market is moving from a very powerful energy field, which we have explained in many of our previous videos. Silver followed suit, but has not made an all time high. Percentage wise today’s move in silver is beating out the move in gold.

The rally in the equity markets is not as unexpected, as we thought that we would see a bump up as we described in our previous videos earlier this week. We expect that the current rally in the S&P will run out of steam right around 1333 to 1338.

We also suspect that this market is building the right shoulder of a massive head and shoulders top. It seems hard to believe that the precious metals and the equity markets are all going up at the same time, but that’s what’s happening right now.

Now, let’s see how we can protect and make your money grow......

S&P 500

Monthly Trade Triangles for Long Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short Term Trends = Negative
Combined Strength of Trend Score = + 85
The symmetry of the S&P is striking and should not be ignored as we could be making a right shoulder of a much larger head and shoulders formation. The Trade Triangles remain in a positive mode and we are expecting resistance around the 1333 to 1338 levels. Look for support to come into this market around the 1313 level.

SILVER

Monthly Trade Triangles for Long Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = + 100
Long-term and Intermediate term traders should now be long this market. We still believe that silver can go higher. Look for support into this market at 34.75.

GOLD

Monthly Trade Triangles for Long Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = + 100
Record high prices for gold and we continue to believe that gold is building a long term energy field to go much higher later in the year. Long-term trends with the Trade Triangles are positive along with intermediate term trends which are now positive.

CRUDE OIL

Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = – 55
The $99.50 level is an important resistance level for this market. Overall the Trade Triangles continue to reflect a mixed trading range environment.

DOLLAR INDEX

Monthly Trade Triangles for Long Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short Term Trends = Negative
Combined Strength of Trend Score = + 75
This index remains below its 200 day moving average. The longer term trend for the dollar index is positive based on our Trade Triangle technology. Resistance remains between 77.00.

REUTERS/JEFFERIES CRB COMMODITY INDEX

Monthly Trade Triangles for Long Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Positive
Daily Trade Triangles for Short Term Trends = Positive
Combined Strength of Trend Score = + 70

This index flashed a weekly green Trade Triangle today and remains over its 200 day moving average. We expect that we will see more backing and filling in this market before it starts to move higher. Look for support at 340 and again at 338.50. Major Resistance at 352.

As always, we rely on our market proven Trade Triangle technology for catching the big moves. Here's a video update for Wednesday July 13th.

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New Video: Let's Rate The Precious Metals Market

If some one was to ask "which has the strongest trend right now, Gold, silver or rare earth"? What would your answer be and how would you come up with your answer? In today's video we will be looking at the gold market, analyzing the silver market, and finally, checking into the rare earth market.

Before you look at the video, you may want to consider doing this as an exercise: Write down which market has the strongest trend, up or down. Then rate the markets. Number 1....Number 2....Number 3.... Once you see the video it will become clear to you how we rate these markets. It might surprise you.

If you're using MarketClub's "Trade Triangle" technology the answer is simple and you'll discover it in a matter of seconds. If you haven't used our "Trade Triangle" technology, this will be a good exercise for you to look and see just how powerful this technology is and how it can help your trading.

We all know that gold has had a big move, but so have silver and rare earth stocks. So what's next? We hope this video helps outline some ideas that you can put to good use in the future.

As always our videos are free to watch and there are no registration requirements. All we ask in return is that you Tweet about us and share this video with your friends. Also, please feel free to leave a comment and let us know what you are thinking. Enjoy the video and every success in trading,

Watch "Let's Rate The Precious Metals Market"


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Adam Hewison Lays out 5 Market Calls for 2011

As we wind down 2010 it's no surprise that the Monday morning quarterbacks are coming out of the wood work. Everyone pundit, reporter or writer who considers themselves an “expert” comes out of their ivory towers and makes their annual market predictions for the New Year.

It’s time to kiss those predictions goodbye

I can honestly say that I wish I had a crystal ball like these other forecasters, but that’s not quite how the markets work. You see, markets don’t give a “Rats A**” about what forecasters say or what predictions economists make. The market is the only true voice out there. Think about that for a moment. How many predictions do you remember that were even close to being spot on a year in advance? I remember several forecasts for 2010 and most of them were far from accurate.

Does it make any sense to trade on a year end forecast, not knowing what can happen in this crazy world we live in? It doesn’t make any sense to me or to other professional traders who never trade based on year end predictions. So let’s get back to reality and take a look back on 2010 to see what the big trends are showing for 2011.

1. GOLD: Major Trade Triangles Bullish

Let’s start with everyone’s favorite market, gold. Gold is without question the most emotional market in the world. Investors and traders who are involved with this metal are passionate about its future and that can be a bad thing. Let me explain. Back in 1980 gold peaked around $850 an ounce. Had you purchased gold around that time, it would have taken approximately 30 years for gold to get above that level again. Call it the lost 3 decades.

Now the arguments are that the gold market should be trading well above $2,000 and that the central banks and governments are manipulating the price for their own advantage. Don’t believe it. There are also hundreds of other conspiracy theories that seem to pop up for this particular market. Like I said, it is a passionate and emotional market.

Here’s how I’m going to trade gold in 2011. In 2011, I’m going to rely on MarketClub’s “Trade Triangle” technology which has an excellent track record in gold. By taking a methodical approach and not guessing which way the wind is blowing, you have a far greater chance to close out 2011 with a big plus for the year.

I expect the gold trend will carry over from 2010 and then change somewhere along the line. This is the history of this market. One thing that I can be 100% certain of is that gold prices will fluctuate in 2011. That’s a guarantee!

2. CRUDE OIL: Major Trade Triangles Bullish

Next, let’s take a look at a market that impacts everyone’s pocket book, crude oil. Crude oil recently moved over $90 to two year highs and once again shook up excitement in this market. When looking at the fundamental market, we’re running out of oil, production continues to go down, and no new oil fields have been discovered in the last several years. The other fundamental story is that China and India are becoming more affluent and developing a middle class economy which will lead to increased oil consumption to power their newly purchased cars and scooters. This could all be true, however; it really doesn’t change the way you should be looking at the market. Once again, we are going to rely on MarketClub’s Trade Triangle technology, which has done a stellar job identifying trends in this market over the last few years.

So at the moment, the trend in crude oil is on the upside for 2011.

3. US DOLLAR INDEX: Major Trade Triangles Mixed to Negative

The other big market that everyone is talking about is the US dollar. You may or may not remember the doomsday forecasts in December of 2009 for the dollar. Quite the opposite occurred as the dollar enjoyed a spectacular rally for the next six months. That’s the whole point of this report; listen to the markets and ignore the predictions of the so called experts. Again, we will be relying on our Trade Triangle Technology and the technical approach to follow market trends in 2011.

4. GLOBAL STOCK MARKETS: Major Trade Triangles Bullish
I want to talk about the stock market, both in the US and overseas. One of the more interesting portfolios we created in 2010 was MarketClub’s “Global Strategy” portfolio that tracks five different countries. The MarketClub technique using the ETF markets has worked well for our members. We track the following five countries: Brazil, Russia, India, China and Australia. (This portfolio, which is available to all MarketClub members, can be seen here.) We also follow the ETF SPY as it tracks the S&P500. Once again, we use our Trade Triangle Technology to determine the trends in five ETFs.

5. COMMODITY MARKETS: Major Trade Triangles Bullish

Lastly, I want to talk about the commodity markets. You have no doubt heard or have seen that copper prices are at record highs, but you also have other markets that are jumping up and these are all anticipating both strong demand and are now in the beginnings of an inflationary spiral that we envisioned sometime back. Commodities are going to be very important in the future. Traders should be paying close attention to these markets and creating in a new portfolio manager with various commodity portfolios to track these lucrative markets. If you want to see how we have have performed in these markets you may want to take a look at MarketClub’s “World Cup” Portfolio. Since July of 2007, your money would have multiplied 786.16 %by June of 2010. That’s enough to turn $50,000 into $391,580.00 in just three years.

So maybe this is not as exciting or as hyped up as someone saying, “Here are my top five picks for 2011,” but it’s a way to make real money in 2011 and not without having to wing it like so many investors will be doing in the new year.

I think 2011 is going to offer some extraordinary opportunities in the markets listed above. Remember, in every crisis or every boom there are opportunities to make money. It’s when things are dull and boring that it becomes more difficult to produce the type of returns that we are looking for.

So what’s my number one tip for 2011? Watch and trade with the MarketClub’s Trade Triangle technology and ignore the hyped up new year predictions. Here’s wishing you every success in 2011.

Guest blogger Adam Hewison is the Co-founder of MarketClub/INO.com




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Another War and Then Another War and Then… What is This Groundhog Day?

If you haven’t heard the latest news about North Korea attacking and making aggressive moves towards Yeonpyeonga, a small South Korean island, you missed what moved the gold market today. South Korea scrambled fighter jets and returned artillery fire after North Korea provoked the peninsula’s most serious confrontation in decades.

What you probably did not know was the $20 move up in gold today was signaled the day before by our “Trade Triangles.” How was this possible? It has everything to do with some very cool technology developed by MarketClub.

Yesterday, MarketClub through its “Trade Triangle” technology flashed a buy signal in gold. This was 24 hours before today’s big up move! How could it be possible that a technology could know what was going to happen before it happens?

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