Image by: jordanmerrick
By Adam Hewison

Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 25th of January.

APPLE (AAPL) is now the biggest, most valuable company in the world.
Today we look at Apple and see why the earnings blowout came as no surprise to MarketClub members who follow our Trade Triangle strategy. Apple’s $95 billion in cash is now bigger than 95% of all S&P 500 companies.

Are you ready for a new J.C. Penny?
Ron Johnson, former TARGET (TGT) and APPLE (AAPL) alumni who is credited with creating the Apple stores, is now the CEO of J. C. Penney (JCP). Can he create the magic for this old retail chain?

We put these 3 stocks on our radar today:
TEXTRON INC (TXT), CA INC (CA), and CORNING INC (GLW),
Major Trade Triangle signals on these three stocks.

Always remember …
DON’T FIGHT THE MARKET … MOVE WITH THE MARKET

Now, let’s go to the charts and MarketClub’s Trade Triangle Technology.
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S&P 500 INDEX
BIG PICTURE:  Strong Trend  +85
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80  | Strong Trend 85 – 100

No change in our comments for this market, as it has been moving sideways and consolidating for the last several days. We continue to expect to see this market consolidate over the $1300 level. We now have an upside target in the next two or three months between $1370 and $1400 for this index. That is not to say it will be straight up from here, we would expect to see pullbacks and expect the $1300 level to act as support. With two of our Trade Triangles green, a bull market is underway.  Long and Intermediate term traders should now be holding long positions in this index with appropriate money management stops.
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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)
BIG PICTURE: Trading Range +55
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80  | Strong Trend 85 – 100

No change in our comments from yesterday. We think this market is at the top of a trading range cycle, but has not provided conclusive proof that the cycle has indeed topped out. With our long-term monthly Trade Triangle in a red negative mode we expect to see this market run out of steam around current levels. A Chart Analysis Score for silver of +55 indicates we are in a trading range. Our long-term monthly Trade Triangle remains negative on silver. This particular indicator has done extremely well in the past. Long-term term traders should be in short positions in silver with appropriate money management stops.  Intermediate term traders should be on the sidelines.
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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 & 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)
BIG PICTURE: Trading Range +55
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80  | Strong Trend 85 – 100

The gold market triggered the PSAR sell signal that moved the Chart Analysis Score to +55, indicating a trading range. Like silver, we believe that gold is at the top of a trading cycle similar to what happened last year in September and November. We are reluctant to chase gold at these current levels. That factor along with our negative monthly Trade Triangle, continues to act as an inhibitor for this market on the upside. Long-term term traders should be in short positions in gold with appropriate money management stops.  Intermediate term traders should be on the sidelines.
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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 & 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)
BIG PICTURE: Strong Trend +100
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80  | Strong Trend 85 – 100

With all three of our Trade Triangles in a green positive mode, we expect to see this market continue to improve in the weeks and months ahead. As we have said in the past, copper generally reflects economic conditions, and as such is influenced by equity prices.  Look for support at the $3.70 level.  The market action looks as though it has created a large base to move higher in the future. Upside target zone for copper is $4.00. With a Score of +100, we are in an strong trend for this commodity.  Long and Intermediate term traders should now be holding long positions in this index with appropriate money management stops.
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Suggested Copper Trading Instruments:
Non Leveraged ETF’s: (Long JJC)
Futures & 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)
BIG PICTURE: Trading Range -60
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bearish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80  | Strong Trend 85 – 100

The crude oil market continues to consolidate over the $98 level and with a Chart Analysis Score of -60 today, this market has moved into a trading range. We are longer term positive on this market, however it must move over resistance at $104 to get its upside momentum into high gear.  With only our monthly Trade Triangle in a positive mode, we expect we will see further market consolidation in crude oil. Long-term traders should be long this market with appropriate money management stops.
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Suggested Crude Oil Trading Instruments:
Non Leveraged ETF’s: (Long USO) (Short the ETF USO)
Leveraged ETF’s: (Long UCO) (Short DTO)
Futures & 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
BIG PICTURE: Trading Range +55
TRADE TRIANGLES: Long-Term = Bullish | Intermediate Term = Bullish | Short-Term = Bearish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80  | Strong Trend 85 – 100

Many traders will be watching a key area of support for this index today, around the lower levels of the Donchian trading channel at $75.94. Our Trade Triangle technology remains long this index and remains in a bullish mode. Long and intermediate term traders should maintain long positions with the appropriate stops in place.
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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
BIG PICTURE: Emerging Trend +70
TRADE TRIANGLES: Long-Term = Bearish | Intermediate Term = Bullish | Short-Term = Bullish
MARKETCLUB SCORING SYSTEM: Trading Range 50 – 65 | Emerging Trend 70 – 80  | Strong Trend 85 – 100

Watch this market very closely today, as a close over $316 will indicate that inflation is coming back. For this market to get going on the upside, it must move and close over the $316 level. Our long term Trade Triangle remains negative for this index, while our intermediate signal is green and calling for higher prices. Long-term traders should hold short positions in this index with appropriate money management stops.

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 & 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.]