The Markets are in “holiday mode” … So take some time off and enjoy the season!

Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 23rd of December.

How to spot the big moves in 2012
We will let our SmartScan technology pin point markets on the move in 2012.

2011 FACT: The average hedge fund is down 4% for the year.  John Paulson is down a whopping 52%! So if you are ending the year flat to higher, give yourself a pat on the back because you just beat almost every hedge fund out there.

Rambus, Response Genetics, Ram Energy …
We examine the above stocks and share with you what to look for in 2012.

Gold …
Is the worst over for this precious metal?

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

Strength of Trend Score = +70

This market remains mired in a broad holiday trading range and will probably stay in that mode for the balance of the year.  With two of our three Trade Triangles now green, it is 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 = Bullish
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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

Strength of Trend Score = -85

This market remains mired in a broad holiday trading and will probably stay that way for the balance of the year.  A close below $29 today is bearish.  The trend is clearly on the downside in both the weekly and monthly Trade Triangles. Only the daily Trade Triangle is in a positive mode and we expect to see that turn red towards the end of the trading week.  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 = Bullish
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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

Combined Strength of Trend Score = +55

This market remains mired in a broad holiday trading range and will probably stay in that mode for the balance of the year.  We expect this market to continue to be choppy for the rest of the year, but would not rule out a test of the $1575 level.  Gold has a Chart Analysis Score of +55, which equates to a 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
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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 Trend

Strength of Trend Score = +70

The $3.48 level represents a 61.8 % Fibonacci retracement. With a Chart Analysis Score of +70, this market is in an Emerging Trend mode and quite choppy.  As stated numerous times, copper generally reflects economic conditions, and as such is influenced by equity prices.  With equity prices moving higher today, it is in return reflected in higher 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 = Bullish
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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: Trading Range

Strength of Trend Score = +75

This market remains mired in a broad holiday trading range and will probably stay in that mode for the balance of the year. The crude oil market has resistance starting at $100, up to $102 barrel level. We expect these two levels will contain most of next week’s activity.  With a Chart Analysis Score of +75, this market is at the beginning of an Emerging Trend.  The March contract now has a confirmed a double top. 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 = Bullish
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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

Strength of Trend Score = +85

This market remains mired in a broad holiday trading range and will probably stay in that mode for the balance of the year.  Look for resistance today at $80.50 to $81.00, with support at $79.50.  Two of our three Trade Triangles are in a positive mode, giving a Chart Analysis Score of +85. 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 = Bearish
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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

Strength of Trend Score = -55

The five day counter trend rally in this index is on thin holiday volume and should be taken with a grain of salt.  We continue to view this index in a longer-term negative mode and we expect that it will run into resistance around the $307.00 level today. With a Chart Analysis Score of -55, this market just slipped in to a trading range. Our long and intermediate 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 = Bullish
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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.