Hello MarketClub members everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 18th of July.

Depending on who you speak to the stock market is going to fall off a fiscal cliff, or we're going to make new highs in the stock market.

The truth lies somewhere in between. Right now, the markets are in very broad trading range without any clear-cut trend. The intermediate-term trend is positive, however, that trend is tempered by the bigger and longer-term trend that we follow which indicates that the stock market remains in a bear market, and that the current rally is just a counter-trend rally in a bear market.

So who is right? Well, the one thing I can guarantee is that the market is always right eventually.

As for MarketClub, we will let the markets and our Trade Triangles do the talking. We will leave all the philosophical discussions and economics to other folks because we rely on the market itself to show us the way.

TODAY’S MARKET MOVING SECTORS and STOCKS:
8 out of 9 sectors are higher today as of 12:00 noon EST.
Percentages are based relative the the move in the S&P500

CONSUMER: +0.14% Biggest Winner COH +2.72%
SERVICES: +0.06% Biggest Winner GWW +8.93%
HEALTHCARE: +0.10% Biggest Winner VVUS +16.05%
ENERGY: +0.27% Biggest Winner MPC +2.48%
TECHNOLOGY: +1.87% Biggest Winner VMW +11.04%
FINANCIAL: -0.99% Biggest Loser BAC -3.03%
INDUSTRIAL: +1.10% Biggest Winner HON +5.88%
MATERIALS: +0.13% Biggest Winner ACI +4.94%
UTILITIES: -0.47% Biggest Loser CPN -1.15%

Now, let’s analyze the major markets using MarketClub’s Trade Triangle Technology.