Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 19th of December.

European Central Bank (ECB) President Mario Draghi’s admission over the weekend that the euro could fall apart may have come as a shock to many, but not to our Trade Triangle indicators!

The Banks get whacked again –
Has anything really changed on that front?

3 Stocks that have strong upward trends.
All our Trade Triangles are green for these three stocks.

3 Stocks having big moves, and not in a good direction.
We will let our Trade Triangle technology analyze these three stocks and make that call.

Now, let’s go to the one truth we count on everyday here at MarketClub, our Trade Triangle Technology!
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S&P 500 INDEX
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BIG PICTURE: Emerging Trend

The market action in the S&P 500 continues to be negative, in our opinion.  A close today below the $1211.82 level will represent the lowest close in this index since November 29th.  We are looking for support to come into this market around the $1200 level, which represents a 61.8% Fibonacci retracement.  Our Trade Triangle technology is indicating a Chart Analysis Score of -75, illustrating an emerging trend to the downside. The MACD and our PSAR indicator are both negative and are calling for more weakness in this index.  Our weekly Trade Triangle turned positive over a week ago, 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 = -75
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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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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)
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BIG PICTURE: Strong Bearish Trend

With a Chart Analysis Score of -100, the silver market is in a strong trend to the downside.  Generally speaking, the major trend for silver continues to be negative based on our monthly and weekly Trade Triangles. 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 = -100
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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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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. 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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GOLD (SPOT)
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BIG PICTURE: Trading Range

Gold has a Chart Analysis Score of -55, which equates to an Trading Range.  With our monthly Trade Triangle so far remaining in a positive position, we are longer term bullish on this metal. Intermediate term traders should be out of this market at the moment and on the sidelines waiting for the next signal with the weekly Trade Triangle.

Monthly trade triangles for Long-term trends = Bullish
weekly trade triangles for intermediate term trends = Bearish
daily trade triangles for short-term trends = Bullish

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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Suggested GOLD Trading Instruments:
Non Leveraged ETF’s: (Long GLD) (Short the ETF GLD)
Leveraged ETF’s:(Long UGL) (Short GLL)
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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COPPER (MARCH)
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BIG PICTURE: Emerging Bear Trend

With today’s Chart Analysis Score of -75, the market is in an emerging trend to the downside.  As stated numerous times, copper generally reflects economic conditions, and as such is influenced by equity prices.  With equity prices moving lower today, it is in return reflected in lower copper prices.  The major trend based on our monthly Trade Triangle continues to be negative.  Long-term traders should continue to hold short positions in copper with appropriate money management stops.  Intermediate term traders should now be on the sidelines.

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 = -75
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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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Suggested Copper Trading Instruments:
Non Leveraged ETF’s: (Long JJC)
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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CRUDE OIL (MARCH)
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BIG PICTURE: Emerging Bear Trend

With today’s Chart Analysis Score of -70, this market is in an emerging trend to the downside.  The March contract now has a confirmed a double top.  A pullback in this market to the 61.8% Fibonacci retracement level brings crude back to $85.93, basis March.  With two of our three Trade Triangles red, giving us a -70 Chart Analysis Score, we are in an Emerging Bear Trend for crude.  Long-term traders should be long this market with appropriate money management stops.

Monthly Trade Triangles for Long-Term Trends = Bullish
Weekly Trade Triangles for Intermediate Term Trends = Bearish
Daily Trade Triangles for Short-Term Trends = Bearish

Combined Strength of Trend Score = -70
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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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Suggested Crude Oil Trading Instruments:
Non Leveraged ETF’s: (Long USO) (Short the ETF USO)
Leveraged ETF’s: (Long UCO) (Short DTO)
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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DOLLAR INDEX
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BIG PICTURE: Strong Bullish Trend

The dollar index continues to consolidate over the $80 level as it prepares for a move to new highs.  Resistance kicks in today at $80.50 to $81.00.  With all of our Trade Triangles in a positive mode giving a score of +100, we remain firmly committed to the bullish trend. Long-Term and intermediate term traders should maintain long positions with the appropriate stops in place.

Monthly Trade Triangles for Long-Term Trends = Bullish
Weekly Trade Triangles for Intermediate Term Trends = Bullish
Daily Trade Triangles for Short-Term Trends = Bullish

Combined Strength of Trend Score = +100
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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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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
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BIG PICTURE: Strong Bearish Trend

This index continues to have problems holding a rally and now has resistance coming in at the $297 level.  The continued weakness in crude oil is pushing this index down to challenge the $292.77 level.  We consider this level as a key support level for this market as it represents a 61.8% Fibonacci retracement point.  Based on our Trade Triangle technology which has a score of -100, this index is in a strong bearish trend.  With all three of our Trade Triangle indicators red we remain firmly entrenched in the bear camp.  Our long, intermediate and now short-term Trade Triangles remain negative for this index.  Long-term and intermediate term traders should 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 = Bearish
Daily Trade Triangles for Short-Term Trends = Bearish

Combined Strength of Trend Score = -100
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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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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: 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.