I'M BACK!!!

Posted on by The INO.com Team

Hello, Adam Hewison here for MarketClub. A lot has happened since I've been gone, but it's time to focus on what's happening right now! Here is a preview of what's ahead for your 1PM market update for Monday the 16th of May.

SP500 +65 and moving sideways. Up trend still intact. Market at the lower end of the Donchian Channel. Target remains at 1,4000.

Silver possible bullish divergence on the Williams %R indicator.Major resistance at $39.50.

Gold longer term trend still positive. Support at $1,462.50. Resistance at $1,526.

Crude Oil neutral with a + 65 reading. Long term indicator remains positive. Possible bullish divergence on the Williams %R indicator.

The Dollar Index is trapped in a trading range with the longer term outlook remaining negative. Major resistance at 77.50.

The Thomson Reuters/Jefferies CRB Commodity Index, is negative with a 60% reading. Near-term resistance at 348.50. Support at 333.50.

Join me at 1PM ET for your LIVE market update!

All the best,

Adam Hewison
President of INO.com
Co-founder of MarketClub

17 thoughts on “I'M BACK!!!”

  1. Hello Adam
    Welcome back home, hope you have the feeling that you really got away from it all. The team kept us busy we we are glad the captain is back at the helm.

  2. Correction to my previous Comment. I meant to use the word "OVERBOUGHT"--not "OVERSOLD". Sorry for the typo.

  3. Hey Adam,

    Welcome Back!!! Hope you had a good time off. YES!!!!!!! MUCH has happened!!!

    Please don't leave again when there is a top in commodities!! 🙂 LOL!!

    Looking forward to getting back to business.

    All the best,

    Chris in Chicago

    1. Christopher,

      Thanks,

      Remind me not to go away next time. Luckily I closed out all my positions before I left. I see that our Trade Triangle technology exited the major markets pretty close to their highs.

      Let's make the most of the markets for the rest of the year.

      All the best,
      Adam

  4. Hi Adam
    What a time to leave! Did your trade triangles say "sell now" before the big silver fall? I know in a video you said you were "concerned" but that's not the same as saying "sell now and get out!"

    1. Sid,

      You're right, what an amazing time to leave. Luckily I closed out my positions before I left so I was very happy in that regard and I know that our Trade Triangle technology exited most of the major markets before they crashed and cratered.

      We should have some very interesting markets for the balance of 2011 with lots of trading opportunities.

      All the best,
      Adam

  6. I told you not to hurry back........now it's back to the grindstone.........they(vacations) go by so fast!!!!!!!!!!!!!!!!!!! Now that your back maybe I'll make my millions.
    Thanks,
    Mike

  7. Hi Adam did the trade triangles give a major sell indication before silver fell? I know in one of the videos you said you were " concerned" but that's not the same as "get out now!" I think, neither you nor the trade triangles said to sell NOW.

  8. Adam: Welcome back & hope you had FUN FUN FUN. Did you get to straighten out the
    Feds? Just a welcome back from an anxious reader.
    Ron

  9. I DISAGREE!

    WHENEVER EVERYONE, YOUR MOTHER, YOUR MOTHER-IN-LAW, ALL THE PUNDITS, AND EVEN THE DOG--AND EVEN THE GOLDFISH, AND THE TRESPASSING MICE IN THE WALLS--ARE SAYING, "BUY IT!", THAT'S WHEN I'M SELLING, AND SHORTING THE HELL OUT OF IT! THIS MARKET IS GROSSLY--AS IN "AUU GROSS!"--OVERSOLD!

    USE WILLIAMS PERCENT R SELL SIGNALS TO TIME THE GOLD, SILVER, AND OIL ENTRIES. I KNOW NOT WHAT COURSE OTHER MEN MAY TAKE. BUT, AS FOR ME, I'M *SELLING* THIS MARKET!

  10. Your Return shall be noted right along side of other historical moments! Hope you share a capsule or two of your holiday. That's Good Stuff, too!

  11. Welcome back Adam,

    Hope that you had a great time on holidays.

    Looking forward to reading your artcile and listening to your videos.

    Have a nice day,

    Loic

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