{"id":12396,"date":"2012-02-27T13:33:01","date_gmt":"2012-02-27T18:33:01","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=12396"},"modified":"2012-02-27T13:33:01","modified_gmt":"2012-02-27T18:33:01","slug":"a-bank-a-pivot-point-and-warren-buffett","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2012\/02\/a-bank-a-pivot-point-and-warren-buffett\/","title":{"rendered":"A Bank, a Pivot Point, and Warren Buffett"},"content":{"rendered":"

\"\"<\/a>Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 27th of February.<\/p>\n

A Bank, a Pivot Point, and Warren Buffett <\/em>
\nSo far today, JP MORGAN CHASE & CO (JPM<\/strong>) is a winner.<\/p>\n

Crude Oil and USO<\/strong> take a break <\/em>
\nToday we share with you the support levels for crude oil and the ETF United States Oil (USO<\/strong>).<\/p>\n

3 Stocks on the move today: <\/em>
\nMICRON TECHNOLOGY INC (MU<\/strong>), WHIRLPOOL CORP (WHR<\/strong>), and MEDCO HEALTH SOLUTIONS INC (MHS<\/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 +100
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

We view today's action as very positive for this index. 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 all three 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<\/strong><\/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-----------------------------------------------------------------------------------------<\/p>\n

SILVER (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 is positive on silver. This particular indicator has done extremely well in the past. Long and intermediate term traders should now be holding long positions in silver with appropriate money management stops.
\n-----------------------------
\nSee suggested SILVER<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

GOLD (SPOT) <\/big><\/strong><\/a>
\nBIG PICTURE:<\/strong> Trading Range\u00a0 +55
\nTRADE TRIANGLES: <\/strong>Monthly = Bearish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bearish <\/span><\/p>\n

The gold market pulled back today and flashed a negative daily Trade Triangle, our very short-term daily indicator. When this indicator is red, we may see further weakness in this market. With a Score of +55, this market remains in a trading range. Gold is fast approaching a 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 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<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

COPPER (MAY 2012) <\/big><\/strong><\/a>
\nBIG PICTURE:<\/strong> Trading Range\u00a0 +75
\nTRADE TRIANGLES:<\/strong> Monthly = Bullish<\/span> |<\/strong> Weekly = Bearish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

This is pretty much the same comments we had on Friday for this market. We would view a close today over $3.90 in the May contract as a very bullish sign for copper. With a Score of +75, the copper market is regrouping from its recent sell-off and moving into an emerging trend. We continue to view the longer-term trend in copper as positive. Look for support at the $3.77 level.\u00a0 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<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

CRUDE OIL (APRIL 2012) <\/big><\/strong><\/a>
\nBIG PICTURE<\/strong>: Strong Trend\u00a0 +90
\nTRADE TRIANGLES:<\/strong> Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

We are looking for the crude oil market to regroup over the $105 level and generate enough energy to push to new highs over the $110 area. See our special report on crude oil HERE (LINK TO SPECIAL REPORT). We are looking for crude oil to make its highs probably somewhere in the May period.\u00a0 With a Score of +90, 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. All traders should be long this market with appropriate money management stops.
\n-----------------------------
\nSee suggested CRUDE OIL<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

\"\"<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

-----------------------------------------------------------------------------------------<\/p>\n

DOLLAR 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

There is a possibility we are creating a bullish divergence for this index. A 61.8% Fibonacci retracement takes this market back down to the $77.38 level. With a Score of -70, this market is once again in an 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<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

REUTERS\/JEFFERIES CRB COMMODITY INDEX <\/big><\/strong><\/a>
\nBIG PICTURE:<\/strong> Emerging Trend\u00a0 +100
\nTRADE TRIANGLES<\/strong>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

The close on Friday over the $325 level indicates that this market is going to move much higher. With all of our Trade Triangles green, it would appear as though this market is sending a strong signal that inflation is just around the corner. Look for this index to move steadily higher. With a Score of +100, 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><\/strong>.
\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-----------------------------------------------------------------------<\/p>\n

This is Adam Hewison for MarketClub and I'll see you tomorrow with my mid-day update.\u00a0 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 Monday, the 27th of February. A Bank, a Pivot Point, and Warren Buffett So far today, JP MORGAN CHASE & CO (JPM) is a winner. Crude Oil and USO take a break Today we share with you the support […]<\/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-12396","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":"\nA Bank, a Pivot Point, and Warren Buffett - 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\/a-bank-a-pivot-point-and-warren-buffett\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Bank, a Pivot Point, and Warren Buffett - 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 Monday, the 27th of February. A Bank, a Pivot Point, and Warren Buffett So far today, JP MORGAN CHASE & CO (JPM) is a winner. Crude Oil and USO take a break Today we share with you the support […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2012\/02\/a-bank-a-pivot-point-and-warren-buffett\/\" \/>\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=\"2012-02-27T18:33:01+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=\"5 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\/a-bank-a-pivot-point-and-warren-buffett\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2012\/02\/a-bank-a-pivot-point-and-warren-buffett\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"A Bank, a Pivot Point, and Warren Buffett\",\"datePublished\":\"2012-02-27T18:33:01+00:00\",\"dateModified\":\"2012-02-27T18:33:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2012\/02\/a-bank-a-pivot-point-and-warren-buffett\/\"},\"wordCount\":993,\"commentCount\":2,\"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\/a-bank-a-pivot-point-and-warren-buffett\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ino.com\/blog\/2012\/02\/a-bank-a-pivot-point-and-warren-buffett\/\",\"url\":\"https:\/\/www.ino.com\/blog\/2012\/02\/a-bank-a-pivot-point-and-warren-buffett\/\",\"name\":\"A Bank, a Pivot Point, and Warren Buffett - INO.com Trader's Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"datePublished\":\"2012-02-27T18:33:01+00:00\",\"dateModified\":\"2012-02-27T18:33:01+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ino.com\/blog\/2012\/02\/a-bank-a-pivot-point-and-warren-buffett\/\"]}]},{\"@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":"A Bank, a Pivot Point, and Warren Buffett - 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\/a-bank-a-pivot-point-and-warren-buffett\/","og_locale":"en_US","og_type":"article","og_title":"A Bank, a Pivot Point, and Warren Buffett - 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 Monday, the 27th of February. A Bank, a Pivot Point, and Warren Buffett So far today, JP MORGAN CHASE & CO (JPM) is a winner. Crude Oil and USO take a break Today we share with you the support […]","og_url":"https:\/\/www.ino.com\/blog\/2012\/02\/a-bank-a-pivot-point-and-warren-buffett\/","og_site_name":"INO.com Trader's Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2012-02-27T18:33:01+00:00","author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2012\/02\/a-bank-a-pivot-point-and-warren-buffett\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2012\/02\/a-bank-a-pivot-point-and-warren-buffett\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"A Bank, a Pivot Point, and Warren Buffett","datePublished":"2012-02-27T18:33:01+00:00","dateModified":"2012-02-27T18:33:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2012\/02\/a-bank-a-pivot-point-and-warren-buffett\/"},"wordCount":993,"commentCount":2,"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\/a-bank-a-pivot-point-and-warren-buffett\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ino.com\/blog\/2012\/02\/a-bank-a-pivot-point-and-warren-buffett\/","url":"https:\/\/www.ino.com\/blog\/2012\/02\/a-bank-a-pivot-point-and-warren-buffett\/","name":"A Bank, a Pivot Point, and Warren Buffett - INO.com Trader's Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"datePublished":"2012-02-27T18:33:01+00:00","dateModified":"2012-02-27T18:33:01+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ino.com\/blog\/2012\/02\/a-bank-a-pivot-point-and-warren-buffett\/"]}]},{"@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\/12396"}],"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=12396"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/12396\/revisions"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=12396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=12396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=12396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}