{"id":10217,"date":"2011-11-05T14:13:52","date_gmt":"2011-11-05T18:13:52","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=10217"},"modified":"2011-11-05T14:13:52","modified_gmt":"2011-11-05T18:13:52","slug":"weekend-update-the-greek-mindset-rocks-the-markets","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2011\/11\/weekend-update-the-greek-mindset-rocks-the-markets\/","title":{"rendered":"Weekend Update: THE GREEK MINDSET ROCKS THE MARKETS!"},"content":{"rendered":"<p><span style=\"color: #ff0000;\"><strong><\/strong><\/span>Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 11\/04\/11.<br \/>\n-------------<br \/>\n<strong><span style=\"color: #ff0000;\">ENTER TO WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A HP WiFi TABLET<\/span><\/strong><br \/>\n<a href=\"http:\/\/club.ino.com\/markets\/8-95-trial-offer-2\/?1105\">enter here<\/a><br \/>\n-------------<\/p>\n<p><strong>THE GREEK MINDSET ROCKS THE MARKETS<\/strong><\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/?1105\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-10098\" style=\"margin: 0px 5px;\" title=\"ADAM-2\" src=\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2011\/10\/ADAM-2.jpg\" alt=\"\" width=\"265\" height=\"173\" \/><\/a>One of my favorite musical pieces, is the music from Zorba the Greek. If you haven't heard the music, or\u00a0 if you were too young to have seen the movie (1964), starring Anthony Quinn and Alan Bates, you might want to watch it. The movie captures the Greek mindset perfectly, and that mindset is still in place almost 50 years later. Zorba the movie is available on Netflix to those of you who still use that service.<!--more--><\/p>\n<p>To carry the musical metaphor one step further you might want to classify last weeks market action, as pure rock and roll. We rocked and we rolled, but by the end of the week when the music had stopped, nothing was settled, despite the G20 meeting in one of the ritziest towns on the French Riviera.<\/p>\n<p>Funny, we don't seen to see any of these politicians pulling back on spending our money, while preaching austerity to the world. And what did they accomplish? They basically accomplishing nothing while eating good food and drinking good wine and schmoozing. Sounds like a party to this observer.<\/p>\n<p>I could go on. but let's get to the heart of the matter, and that is how the markets closed for the week, and what new surprises does the next week's trading have in store for us.<\/p>\n<p>Now here is a quick look at the percentage changes made for last weeks trading:<\/p>\n<p>S&amp;P 500 Index: lost 2.47%<br \/>\nSpot Silver: lost 3.29%<br \/>\nSpot Gold: gained 0.63%<br \/>\nCopper (December) lost 4.19%<br \/>\nCrude Oil(December): gained 0.99%<br \/>\nDollar Index: gained 2.49%<br \/>\nReuters\/Jefferies CRB Index: lost 0.84%<\/p>\n<p>Okay, now let's go to the charts and the video and see how we can create and maintain your wealth in 2011.<\/p>\n<p>-------------<br \/>\n<a href=\"http:\/\/tv.ino.com\/free\/?1105\">S&amp;P500 INDEX<\/a><br \/>\n-------------<br \/>\nCHANGE FOR THE WEEK: lost 2.47%<br \/>\nOUR VIEW: 1260 resistance - 1220 support<br \/>\nCLOSE LAST FRIDAY: 1253.23<br \/>\nMKT LOWER FOR THE WEEK<br \/>\n-------------<br \/>\nMARKETCLUB Trend Score = + 55<br \/>\nHOW TO USE MARKETCLUB'S SCORING SYSTEM:<br \/>\nScore: 50 - 65 Trading Range<br \/>\nScore: 70 - 80 Emerging Trend<br \/>\nScore: 85 - 100 Strong Trend<\/p>\n<p>Monthly Trade Triangle for Long-Term Trend = Negative<br \/>\nWeekly Trade Triangle for Intermediate Term Trend = Positive<br \/>\nDaily Trade Triangle for Short-Term Trend = Positive<br \/>\n-------------<br \/>\nSuggested Trading Instruments for this INDEX<br \/>\nNon Leveraged ETF's: (Long SPY) (Short SH)<br \/>\n2 x Leveraged ETF's: (Long SSO)(Short SDS)<br \/>\nFutures: Contact your broker<br \/>\nOptions: Contact your broker<br \/>\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n<p>-------------<br \/>\n<a href=\"http:\/\/tv.ino.com\/free\/?1105\">SILVER (SPOT)<\/a><br \/>\n-------------<br \/>\nCHANGE FOR THE WEEK: lost 3.29%<br \/>\nOUR VIEW: Trading Range<br \/>\nCLOSE LAST FRIDAY: 34.12<br \/>\nMKT LOWER FOR THE WEEK<br \/>\n-------------<br \/>\nMARKETCLUB Trend Score = + 70<br \/>\nHOW TO USE MARKETCLUB'S SCORING SYSTEM:<br \/>\nScore: - 50 - 65 Trading Range<br \/>\nScore: - 70 - 80 Emerging Trend<br \/>\nScore: - 85 - 100 Strong Trend<\/p>\n<p>Monthly Trade Triangle for Long-Term Trend = Negative<br \/>\nWeekly Trade Triangle for Intermediate Term Trend = Positive<br \/>\nDaily Trade Triangle for Short-Term Trend = Positive<\/p>\n<p>-------------<br \/>\nSuggested Trading Instruments for SILVER<br \/>\nNon Leveraged ETF's: (Long SLV) (Short the ETF SLV)<br \/>\nLeveraged ETF's: (Long AQG) (Short ZSL)<br \/>\nFutures: Contact your broker<br \/>\nOptions: Contact your broker<br \/>\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n<p>-------------<br \/>\n<a href=\"http:\/\/tv.ino.com\/free\/?1105\">GOLD (SPOT)<\/a><br \/>\n-------------<br \/>\nCHANGE FOR THE WEEK: gained 0.63%<br \/>\nOUR VIEW: Resistance at $1,770 basis spot<br \/>\nCLOSE LAST FRIDAY: 1,754.05<br \/>\nMKT HIGHER FOR THE WEEK<br \/>\n-------------<br \/>\nMARKETCLUB Trend Score = + 90<br \/>\nHOW TO USE MARKETCLUB'S SCORING SYSTEM:<br \/>\nScore: 50 - 65 Trading Range<br \/>\nScore: 70 - 80 Emerging Trend<br \/>\nScore: 85 - 100 Strong Trend<\/p>\n<p>Monthly Trade Triangle for Long-Term Trend = Positive<br \/>\nWeekly Trade Triangle for Intermediate Term Trend = Positive<br \/>\nDaily Trade Triangle for Short-Term Trend = Positive<\/p>\n<p>-------------<br \/>\nSuggested Trading Instruments for GOLD<br \/>\nNon Leveraged ETF's: (Long GLD) (Short the ETF GLD)<br \/>\nLeveraged ETF's:(Long UGL) (Short GLL)<br \/>\nFutures: Contact your broker<br \/>\nOptions: Contact your broker<br \/>\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n<p>-------------<br \/>\n<a href=\"http:\/\/tv.ino.com\/free\/?1105\">COPPER (DECEMBER)<\/a><br \/>\n-------------<br \/>\nCHANGE FOR THE WEEK: lost 4.19%<br \/>\nOUR VIEW: 3.50 now key support<br \/>\nCLOSE LAST FRIDAY: 3.56<br \/>\nMKT LOWER FOR THE WEEK<br \/>\n-------------<br \/>\nMARKETCLUB Trend Score = + 55<br \/>\nHOW TO USE MARKETCLUB'S SCORING SYSTEM:<br \/>\nScore: 50 - 65 Trading Range<br \/>\nScore: 70 - 80 Emerging Trend<br \/>\nScore: 85 - 100 Strong Trend<\/p>\n<p>Monthly Trade Triangle for Long-Term Trend = Negative<br \/>\nWeekly Trade Triangle for Intermediate Term Trend = Positive<br \/>\nDaily Trade Triangle for Short-Term Trend = Negative<br \/>\n-------------<br \/>\nSuggested Copper Trading Instruments:<br \/>\nNon Leveraged ETF's: (Long JJC)<br \/>\nFutures: Contracts are available to trade this market. Contact your broker<br \/>\nOptions: Options Contracts are available to trade this market.Contact your broker<br \/>\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n<p><span style=\"color: #ff0000;\"><strong>ENTER TO WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A HP WiFi TABLET<\/strong><\/span><br \/>\n<a href=\"..\/..\/markets\/8-95-trial-offer-2\/?1105\">enter here<\/a><\/p>\n<p>-------------<br \/>\n<a href=\"http:\/\/tv.ino.com\/free\/?1105\">CRUDE OIL (NOVEMBER)<\/a><br \/>\n-------------<br \/>\nCHANGE FOR THE WEEK: gained 0.99%<br \/>\nOUR VIEW: Trading Range<br \/>\nCLOSE LAST FRIDAY: 94.26<br \/>\nMKT MIXED TO HIGHER FOR THE WEEK<br \/>\n-------------<br \/>\nMARKETCLUB Trend Score = + 70<br \/>\nHOW TO USE THE MARKETCLUB SCORING SYSTEM:<br \/>\nScore: 50 - 65 Trading Range<br \/>\nScore: 70 - 80 Emerging Trend<br \/>\nScore: 85 - 100 Strong Trend<\/p>\n<p>Monthly Trade Triangle for Long-Term Trend = Negative<br \/>\nWeekly Trade Triangle for Intermediate Term Trend = Positive<br \/>\nDaily Trade Trianglefor Short-Term Trend = Positive<\/p>\n<p>-------------<br \/>\nSuggested Trading Instruments for CRUDE OIL<br \/>\nNon Leveraged ETF's: (Long USO) (Short the ETF USO)<br \/>\nLeveraged ETF's: (Long UCO) (Short DTO)<br \/>\nFutures: Call your broker<br \/>\nOptions: Call your broker<br \/>\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n<p>-------------<br \/>\n<a href=\"http:\/\/tv.ino.com\/free\/?1105\">US DOLLAR INDEX (SPOT)<\/a><br \/>\n-------------<br \/>\nCHANGE FOR THE WEEK: gained 2.49%<br \/>\nOUR VIEW: Resistance at 77.50<br \/>\nCLOSE LAST FRIDAY: 76.93<br \/>\nMKT HIGHER FOR THE WEEK<br \/>\n-------------<br \/>\nMARKETCLUB Trend Score = + 65<br \/>\nHOW TO USE MARKETCLUB'S SCORING SYSTEM:<br \/>\nScore: 50 - 65 Trading Range<br \/>\nScore: 70 - 80 Emerging Trend<br \/>\nScore: 85 - 100 Strong Trend<\/p>\n<p>Monthly Trade Triangle for Long-Term Trend = Positive<br \/>\nWeekly Trade Triangle for Intermediate Term Trend = Negative<br \/>\nDaily Trade Triangle for Short-Term Trend = Negative<\/p>\n<p>-------------<br \/>\nSuggested Trading Instruments for the US DOLLAR INDEX<br \/>\nNon Leveraged ETF's: (Long UUP) (Short UDN)<br \/>\nNon Available Leveraged ETF's: (Long -) (Short -)<br \/>\nFutures: Contact your broker<br \/>\nOptions: Contact your broker<br \/>\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n<p>-------------<br \/>\n<a href=\"http:\/\/tv.ino.com\/free\/?1105\">REUTERS\/JEFFRIES CRB COMMODITY INDEX (SPOT)<\/a><br \/>\n-------------<br \/>\nCHANGE FOR THE WEEK: lost 0.84%<br \/>\nOUR VIEW: Trading Range<br \/>\nCLOSE LAST FRIDAY: 320.44<br \/>\nMKT LOWER FOR THE WEEK<br \/>\n-------------<br \/>\nMARKETCLUB Trend Score = + 70<br \/>\nHOW TO USE MARKETCLUB'S SCORING SYSTEM:<br \/>\nScore: 50 - 65 Trading Range<br \/>\nScore: 70 - 80 Emerging Trend<br \/>\nScore: 85 - 100 Strong Trend<\/p>\n<p>Monthly Trade Triangle for Long-Term Trend = Negative<br \/>\nWeekly Trade Triangle for Intermediate Term Trend = Positive<br \/>\nDaily Trade Triangle for Short-Term Trend = Positive<br \/>\n-------------<br \/>\nSuggested Trading Instruments for the REUTER\/JEFFRIES CRB COMMODITY INDEX<br \/>\nNon Leveraged ETF's: (Long CRBQ) (Short the ETF CRBQ)<br \/>\nLeveraged ETF's: (Long UCO) (Short CMD)<br \/>\nFutures: Contact your broker<br \/>\nOptions: Contact your broker<br \/>\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.<\/p>\n<p>-------------<\/p>\n<p>We rely on our market proven Trade Triangle technology for catching the big moves.<\/p>\n<p>-------------<\/p>\n<p><strong><a href=\"http:\/\/www.marketclubcoaching.com\/now\/?1105\"><span style=\"color: #ff0000;\">IS MARKETCLUB'S ONE-ON-ONE PERSONAL COACHING IS RIGHT FOR YOU?<\/span><\/a><\/strong><\/p>\n<p>-------------<\/p>\n<p>This is\u00a0 <a href=\"http:\/\/club.ino.com\/trading\/about-adam-hewison\/?1105\">Adam Hewison<\/a> for MarketClub, I'll see you Monday, have a great weekend.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 11\/04\/11. ------------- ENTER TO WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A HP WiFi TABLET enter here ------------- THE GREEK MINDSET ROCKS THE MARKETS One of my favorite musical pieces, is the music [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[4058,28,1961,4054,1067,4059,3831,1069,59,147,23,2988,1695,3229,307,3355,294,2074,4060],"class_list":["post-10217","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-crb-commodity-index","tag-crude-oil","tag-debt","tag-default","tag-dollar","tag-donchian-trade-channel","tag-dx","tag-euro","tag-fibonacci","tag-fibonacci-resistance","tag-gold","tag-government","tag-government-spending","tag-greece","tag-precious-metals","tag-president-obama","tag-silver","tag-sp500","tag-william-r"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekend Update: THE GREEK MINDSET ROCKS THE MARKETS! - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2011\/11\/weekend-update-the-greek-mindset-rocks-the-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekend Update: THE GREEK MINDSET ROCKS THE MARKETS! - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 11\/04\/11. ------------- ENTER TO WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A HP WiFi TABLET enter here ------------- THE GREEK MINDSET ROCKS THE MARKETS One of my favorite musical pieces, is the music [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2011\/11\/weekend-update-the-greek-mindset-rocks-the-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader&#039;s Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2011-11-05T18:13:52+00:00\" \/>\n<meta name=\"author\" content=\"The INO.com Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The INO.com Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2011\/11\/weekend-update-the-greek-mindset-rocks-the-markets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2011\/11\/weekend-update-the-greek-mindset-rocks-the-markets\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"Weekend Update: THE GREEK MINDSET ROCKS THE MARKETS!\",\"datePublished\":\"2011-11-05T18:13:52+00:00\",\"dateModified\":\"2011-11-05T18:13:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2011\/11\/weekend-update-the-greek-mindset-rocks-the-markets\/\"},\"wordCount\":1173,\"commentCount\":3,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"CRB Commodity Index\",\"Crude Oil\",\"debt\",\"Default\",\"dollar\",\"Donchian Trade Channel\",\"DX\",\"euro\",\"Fibonacci\",\"fibonacci resistance\",\"Gold\",\"Government\",\"government spending\",\"greece\",\"precious metals\",\"president obama\",\"silver\",\"SP500\",\"William % R\"],\"articleSection\":[\"Trading Videos\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ino.com\/blog\/2011\/11\/weekend-update-the-greek-mindset-rocks-the-markets\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ino.com\/blog\/2011\/11\/weekend-update-the-greek-mindset-rocks-the-markets\/\",\"url\":\"https:\/\/www.ino.com\/blog\/2011\/11\/weekend-update-the-greek-mindset-rocks-the-markets\/\",\"name\":\"Weekend Update: THE GREEK MINDSET ROCKS THE MARKETS! 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