{"id":12321,"date":"2012-02-23T13:38:46","date_gmt":"2012-02-23T18:38:46","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=12321"},"modified":"2012-02-23T14:31:40","modified_gmt":"2012-02-23T19:31:40","slug":"crude-holds-steady-stocks-hold-steady-and-gold-marches-higher","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/","title":{"rendered":"Crude holds steady, stocks hold steady, and gold marches higher!"},"content":{"rendered":"

\"\"<\/a>Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 23rd of February.<\/p>\n

Crude oil holds and consolidates. <\/em>
\nIs crude oil topping out or resting to go higher?<\/p>\n

Gold continues to march higher. <\/em>
\nLet's take look at the next major resistance area for gold.<\/p>\n

3 Stocks on the move today: <\/em>
\nMETROPCS COMMUNICATIONS (PCS<\/strong>), DENBURY RESOURCES (DNR<\/strong>), and HEWLETT PACKARD CO (HPQ<\/strong>).
\nDid MarketClub's Trade Triangle technology get it right on these three stocks?<\/p>\n

Now, let's analyze the markets using MarketClub's Trade Triangle Technology.
\n-----------------------------------------------------------------------------------------<\/p>\n

S&P 500 INDEX <\/big><\/strong><\/a>
\nBIG PICTURE<\/strong>:\u00a0 Strong Trend\u00a0 +85
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bearish <\/span><\/p>\n

Positive market action in this index again today. We would view a close over the $1363 level as positive. This looks like an excellent setup for Friday. Longer-term we expect this market to move up to the $1550 to $1600 level by late May, early June based on our cyclic work. With two of our Trade Triangles green, a bull market is underway.\u00a0 Long and Intermediate term traders should now be holding long positions in this index with appropriate money management stops.
\n-----------------------------
\nSee suggested S&P 500<\/strong> trading instruments HERE<\/a>.
\n-----------------------------------------------------------------------------------------
\nPERSONAL MARKETCLUB COACHING<\/strong> <\/a>
\nFree consultation, Free call.
\nGive us a call at: 1-877-219-1482
\nInternational: 1-801-341-3981
\n-----------------------------------------------------------------------------------------
\nSILVER (SPOT) <\/big><\/strong><\/a>
\nBIG PICTURE<\/strong>: Strong Trend\u00a0 +100
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

A move and close over $36.00 would be a game changer for silver, as it breaks a major downtrend line. This would set up a target zone of around $44.00. We want to be patient and wait to see if this actually happens. Our long-term monthly Trade Triangle turned positive today. This particular indicator has done extremely well in the past. Long and Intermediate term traders should be in long positions in silver with appropriate money management stops.
\n-----------------------------
\nSee suggested SILVER <\/strong>trading instruments HERE<\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

GOLD (SPOT) <\/big><\/strong><\/a>
\nBIG PICTURE<\/strong>: Emerging Trend\u00a0 +70
\nTRADE TRIANGLES<\/strong>: Monthly = Bearish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

Gold is fast approaching the major resistance level at $1800 an ounce and we expect that this will be a major in pediment to this market's run up. With a Score of +70, the gold market is in the early stages of an emerging trend. With our long-term monthly Trade Triangle still in a negative red mode, we cannot get to excited about this market at the moment. We are not bearish on this metal, we just need further confirmation with the tools we know are successful in trading gold. Long-term term traders should be in short positions in gold with appropriate money management stops. Intermediate term traders should be on the sidelines.
\n-----------------------------
\nSee suggested GOLD<\/strong> trading instruments HERE<\/a>.
\n-----------------------------------------------------------------------------------------
\n
\nCOPPER (MAY 2012) <\/strong><\/a><\/big>
\nBIG PICTURE<\/strong>: Trading Range\u00a0 -55
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bearish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

With a Score of -55, the copper market is regrouping from it's recent sell-off and is now in a trading range. We continue to view the longer-term trend in copper as positive. Look for support at the $3.77 level. The market action looks as though it has created a large base to move higher in the future. Long term traders should now be holding long positions in this index with appropriate money management stops.
\n-----------------------------
\nSee suggested COPPER<\/strong> trading instruments HERE<\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

CRUDE OIL (APRIL 2012) <\/big><\/strong><\/a>
\nBIG PICTURE<\/strong>: Strong Trend\u00a0 +100
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bullish<\/span><\/p>\n

After the recent run-up in crude oil, we feel the market is now regrouping to gather strength to move higher. See our special report<\/a> on crude oil. We are looking for crude oil to make it's highs probably somewhere in the May period.\u00a0 With a Score of +100, this market is in a strong trend to the upside. We remain longer term positive on this market. With our monthly, weekly and daily Trade Triangles in a positive mode, we expect we will see further gains in crude oil. Traders should be long this market with appropriate money management stops.
\n-----------------------------
\nSee suggested CRUDE OIL<\/strong> trading instruments HERE<\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

You could benefit from this idea<\/strong><\/span><\/a><\/span><\/p>\n

-----------------------------------------------------------------------------------------
\nDOLLAR INDEX <\/big><\/strong><\/a>
\nBIG PICTURE<\/strong>: Trading Range\u00a0 -70
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bearish<\/span> |<\/strong> Daily = Bearish <\/span><\/p>\n

Look for this index to begin to find support at $78.50. With a Score of -70, this market is once again in a emerging trend to the downside. Long term traders using our monthly Trade Triangles should maintain long positions with the appropriate stops in place.
\n-----------------------------
\nSee suggested DOLLAR INDEX<\/strong> trading instruments HERE<\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

REUTERS\/JEFFERIES CRB COMMODITY INDEX <\/big><\/strong><\/a>
\nBIG PICTURE:<\/strong> Emerging Trend\u00a0 +90
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bullish<\/span><\/p>\n

With all of our Trade Triangles green, it would appear this market is sending a signal that inflation is just around the corner. Look for this market to move steadily higher. A close over $325 should be viewed as very bullish. With a Score of +90 and in a strong uptrend, look for any pullbacks to be met by good support.\u00a0 Long-term and intermediate term traders should hold long positions in this index with appropriate money management stops.
\n-----------------------------
\nSee suggested REUTERS\/JEFFERIES CRB COMMODITY INDEX<\/strong> trading instruments HERE<\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

I think you could find this interesting<\/strong><\/span><\/a><\/span><\/p>\n

-----------------------------------------------------------------------
\nThis is Adam Hewison for MarketClub and I'll see you tomorrow with my mid-day update. Have a profitable trading day.<\/p>\n

Take care everyone,
\nAdam Hewison <\/a>
\nPresident INO.com and co-founder of MarketClub.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 23rd of February. Crude oil holds and consolidates. Is crude oil topping out or resting to go higher? Gold continues to march higher. Let's take look at the next major resistance area for gold. 3 Stocks on […]<\/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":[4071,2082,3917,28,1961,1067,3839,3831,147,23,307,2074,4053],"class_list":["post-12321","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-8-95-trial","tag-copper","tag-crb","tag-crude-oil","tag-debt","tag-dollar","tag-donchian-channel","tag-dx","tag-fibonacci-resistance","tag-gold","tag-precious-metals","tag-sp500","tag-williamr"],"yoast_head":"\nCrude holds steady, stocks hold steady, and gold marches higher! - INO.com Trader'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\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crude holds steady, stocks hold steady, and gold marches higher! - INO.com Trader's Blog\" \/>\n<meta property=\"og:description\" content=\"Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 23rd of February. Crude oil holds and consolidates. Is crude oil topping out or resting to go higher? Gold continues to march higher. Let's take look at the next major resistance area for gold. 3 Stocks on […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader's Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-23T18:38:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2012-02-23T19:31:40+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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"Crude holds steady, stocks hold steady, and gold marches higher!\",\"datePublished\":\"2012-02-23T18:38:46+00:00\",\"dateModified\":\"2012-02-23T19:31:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/\"},\"wordCount\":897,\"commentCount\":9,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"8.95 Trial\",\"copper\",\"CRB\",\"Crude Oil\",\"debt\",\"dollar\",\"Donchian Channel\",\"DX\",\"fibonacci resistance\",\"Gold\",\"precious metals\",\"SP500\",\"William%R\"],\"articleSection\":[\"Trading Videos\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/\",\"url\":\"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/\",\"name\":\"Crude holds steady, stocks hold steady, and gold marches higher! - INO.com Trader's Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"datePublished\":\"2012-02-23T18:38:46+00:00\",\"dateModified\":\"2012-02-23T19:31:40+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader's Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader's Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader's Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\",\"name\":\"The INO.com Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"caption\":\"The INO.com Team\"},\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Crude holds steady, stocks hold steady, and gold marches higher! - INO.com Trader's Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/","og_locale":"en_US","og_type":"article","og_title":"Crude holds steady, stocks hold steady, and gold marches higher! - INO.com Trader's Blog","og_description":"Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 23rd of February. Crude oil holds and consolidates. Is crude oil topping out or resting to go higher? Gold continues to march higher. Let's take look at the next major resistance area for gold. 3 Stocks on […]","og_url":"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/","og_site_name":"INO.com Trader's Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2012-02-23T18:38:46+00:00","article_modified_time":"2012-02-23T19:31:40+00:00","author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"Crude holds steady, stocks hold steady, and gold marches higher!","datePublished":"2012-02-23T18:38:46+00:00","dateModified":"2012-02-23T19:31:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/"},"wordCount":897,"commentCount":9,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"keywords":["8.95 Trial","copper","CRB","Crude Oil","debt","dollar","Donchian Channel","DX","fibonacci resistance","Gold","precious metals","SP500","William%R"],"articleSection":["Trading Videos"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/","url":"https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/","name":"Crude holds steady, stocks hold steady, and gold marches higher! - INO.com Trader's Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"datePublished":"2012-02-23T18:38:46+00:00","dateModified":"2012-02-23T19:31:40+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ino.com\/blog\/2012\/02\/crude-holds-steady-stocks-hold-steady-and-gold-marches-higher\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader's Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader's Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader's Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280","name":"The INO.com Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","caption":"The INO.com Team"},"url":"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/12321"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=12321"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/12321\/revisions"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=12321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=12321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=12321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}