{"id":12431,"date":"2012-02-29T13:49:56","date_gmt":"2012-02-29T18:49:56","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=12431"},"modified":"2012-02-29T13:50:50","modified_gmt":"2012-02-29T18:50:50","slug":"love-turns-to-hate-as-gold-and-silver-implode","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2012\/02\/love-turns-to-hate-as-gold-and-silver-implode\/","title":{"rendered":"Love turns to hate as Gold and Silver implode"},"content":{"rendered":"

<\/small>\"\"<\/a>Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday the 29th of February. <\/big> <\/small>
\n
\nWe take a look at why gold and silver collapsed. <\/em> <\/big> <\/small>
\nDid our Trade Triangle Technology get it right on these two metals?
\n
\nWhy has Crude Oil stopped going higher? <\/em> <\/big> <\/small>
\nWe look at crude with a critical eye and find out why this market has stalled.<\/p>\n

3 Stocks on the move today: <\/big> <\/small>
\nPULTEGROUP INC (PHM<\/strong>), CENTERPOINT ENERGY INC (CNP<\/strong>), and LENNAR CORP (LEN<\/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. <\/big> <\/small>
\n-----------------------------------------------------------------------------------------<\/p>\n

S&P 500 INDEX <\/big><\/strong> <\/big><\/a>
\nBIG PICTURE:<\/strong> <\/big>\u00a0 Strong Trend\u00a0 +90
\nTRADE TRIANGLES:<\/strong> <\/big> Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

It would appear as though this market has put in an interim top. Look for support coming in around $1360 level, basis 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. Long and Intermediate term traders should now be holding long positions in this index with appropriate money management stops. <\/big>
\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----------------------------------------------------------------------------------------- <\/big> <\/small><\/p>\n

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

A possible outside negative engulfing line for silver today, which is surprising given the market action yesterday. We want to be patient and wait to see if this actually happens on Thursday and Friday. Our long-term monthly Trade Triangle remains positive on silver. This particular indicator has done extremely well in the past. Long and intermediate term traders should be holding long positions in silver with appropriate money management stops. <\/big> <\/small>
\n-----------------------------
\nSee suggested SILVER<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------
\n
\nGOLD (SPOT) <\/a><\/big><\/strong>
\nBIG PICTURE:<\/strong> <\/big> Trading Range\u00a0 -60
\nTRADE TRIANGLES:<\/strong> <\/big> Monthly = Bearish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bearish<\/span><\/p>\n

With a Score of -60, this market remains in a trading range. We would not rule out a pullback in gold to the $1,650 level. With our long-term monthly Trade Triangle still in a negative red mode, we cannot get 100% excited about this market at the moment. We are not super 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 <\/big> <\/small>stops.
\n-----------------------------
\nSee suggested GOLD<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------
\n
\nCOPPER (MAY 2012) <\/a><\/big><\/strong>
\nBIG PICTURE:<\/strong> <\/big> Trading Range\u00a0 -55
\nTRADE TRIANGLES:<\/strong> <\/big> Monthly = Bullish<\/span> |<\/strong> Weekly = Bearish<\/span> |<\/strong> Daily = Bearish<\/span><\/p>\n

With a Score of -55, the copper market is in a trading range. We continue to view the longer-term trend in copper as positive. Look for support this week at the $3.80 level. The market action looks as though it has created a large base to move higher in the future. Long term traders should be holding long positions in this index with appropriate money management stops. <\/big> <\/small>
\n-----------------------------
\nSee suggested COPPER<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------
\n
\nCRUDE OIL (APRIL 2012) <\/a><\/big><\/strong>
\nBIG PICTURE<\/strong> <\/big>: Emerging Trend\u00a0 +75
\nTRADE TRIANGLES<\/strong> <\/big>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bearish<\/span><\/p>\n

The crude oil market is now getting into an oversold condition, which may be setting the stage for a perfect buying opportunity. We remain positive on this market. We are expecting oil to regroup over the $105 level and generate enough energy to push it to new highs over the $110 area. We are looking for crude oil to make its highs probably somewhere in the May period. With a Score of +75, this market is in an emerging trend to the upside. We remain longer term positive on this market. With our monthly and weekly 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. <\/big>
\n-----------------------------
\nSee suggested CRUDE OIL<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

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

 <\/p>\n

 <\/p>\n

 <\/p>\n

----------------------------------------------------------------------------------------- <\/big> <\/small><\/p>\n

DOLLAR INDEX<\/big><\/strong> <\/big> <\/a>
\nBIG PICTURE:<\/strong> <\/big> Trading Range\u00a0 +55
\nTRADE TRIANGLES:<\/strong> <\/big> Bullish<\/span> |<\/strong> Weekly = Bearish<\/span> |<\/strong> Daily = Bullish <\/span><\/p>\n

Possible negative engulfing line on the Euro and a positive engulfing on the dollar index, which would be the reversal if confirmed tomorrow with a close in the same direction. With a Score of +55, this market is once again in a trading range. Long term traders using our monthly Trade Triangles should maintain long positions with the appropriate stops in place. <\/big> <\/small>
\n-----------------------------
\nSee suggested DOLLAR INDEX<\/strong> trading instruments HERE<\/strong><\/a>.
\n-----------------------------------------------------------------------------------------<\/p>\n

REUTERS\/JEFFERIES CRB COMMODITY INDEX <\/big><\/strong> <\/big><\/a>
\nBIG PICTURE: <\/strong> <\/big>Emerging Trend\u00a0 +75
\nTRADE TRIANGLES<\/strong> <\/big>: Monthly = Bullish<\/span> |<\/strong> Weekly = Bullish<\/span> |<\/strong> Daily = Bearish<\/span><\/p>\n

With both the monthly and weekly 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. Today's pullback was more than likely a buying opportunity. With a Score of +75, 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. <\/big> <\/small>
\n-----------------------------
\nSee suggested REUTERS\/JEFFERIES CRB COMMODITY INDEX<\/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----------------------------------------------------------------------- <\/big> <\/small><\/p>\n

This is Adam Hewison for MarketClub and I'll see you tonight on MarketClub TV<\/a>. Have a profitable trading day. <\/big><\/p>\n

Take care, <\/big>
\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 Wednesday the 29th of February. We take a look at why gold and silver collapsed. Did our Trade Triangle Technology get it right on these two metals? Why has Crude Oil stopped going higher? We look at crude with […]<\/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-12431","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":"\nLove turns to hate as Gold and Silver implode - 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\/love-turns-to-hate-as-gold-and-silver-implode\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Love turns to hate as Gold and Silver implode - 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 Wednesday the 29th of February. We take a look at why gold and silver collapsed. Did our Trade Triangle Technology get it right on these two metals? Why has Crude Oil stopped going higher? 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