{"id":20117,"date":"2013-05-10T13:31:23","date_gmt":"2013-05-10T17:31:23","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=20117"},"modified":"2013-05-10T13:31:23","modified_gmt":"2013-05-10T17:31:23","slug":"todays-video-update-is-the-market-running-out-of-gas","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2013\/05\/todays-video-update-is-the-market-running-out-of-gas\/","title":{"rendered":"Today's Video Update: Is The Market Running Out Of Gas?"},"content":{"rendered":"<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=club-mc_update_20130510_ino&amp;sponsor=vantage&amp;mkt=blog1pm0510\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" alt=\"\" src=\"\/img\/sites\/ino\/email\/5078.jpg\" width=\"51\" height=\"51\" \/><\/a>Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your <a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=club-mc_update_20130510_ino&amp;sponsor=vantage&amp;mkt=blog1pm0510\" target=\"_blank\"><strong>mid-day market update<\/strong><\/a> for Friday, the 10th of May.<\/p>\n<p><span style=\"color: #002359; font-weight: bold;\">Running Out Of Gas Or Is Complacency Setting In?<\/span><br \/>\nThe market has two enemies, gravity and complacency. It would appear as though complacency in this market is becoming more and more of the norm, which is a definite danger and warning sign. The type of complacent attitude we are seeing tends to give birth to the market's second enemy, gravity. Earlier this week, we produced <strong><a href=\"http:\/\/www.ino.com\/blog\/2013\/05\/todays-video-update-is-a-parallel-channel-indicating-a-top-for-this-market\/\" target=\"_blank\">a short video<\/a><\/strong> explaining how a simple technical formation known as a \"parallel channel\" may be indicating that we are close to an interim top for this market.<!--more--><\/p>\n<p><span style=\"color: #002359; font-weight: bold;\">Is Gold Headed For $1,200?<\/span><br \/>\nI am not sure who coined the phrase, \"the trend is your friend,\" but it has certainly proven to be true in the gold market. After recovering from a dramatic fall, the gold market has once again resumed its downward path. With all of our Trade Triangles red, I see nothing but further downside pressure for this market. Technically, we could see a retest of the $1,300 level.<\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=club-mc_update_20130510_ino&amp;sponsor=vantage&amp;mkt=blog1pm0510\" target=\"_blank\"><strong>Watch Today's Video Update Here<\/strong><\/p>\n<p><\/a><\/p>\n<p><span style=\"color: #002359; font-weight: bold;\">A Pullback In Crude Today - Time To Buy?<\/span><br \/>\nThe June crude oil contract pulled back from the highs seen six days ago around $97.00 and now appears set to fall back into a 50% Fibonacci retracement of $93.61, from the recent low seen just nine days ago at $90 a barrel. At the moment, our technical signals are mixed, but I do expect to see this market find support between $93.00 and $93.50 basis the June contract.<\/p>\n<p><span style=\"color: #002359; font-weight: bold;\">The Aussie Dollar Joins The Race To The Bottom<\/span><br \/>\nYesterday we produced an <strong><a href=\"http:\/\/www.ino.com\/blog\/2013\/05\/a-billion-dollar-bet-that-payed-off\/\" target=\"_blank\">educational trading video on the Aussie dollar<\/a><\/strong>, showing where I expect this currency to go in the coming months. I also explain why it could be one of the best trades of 2013.<\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=club-mc_update_20130510_ino&amp;sponsor=vantage&amp;mkt=blog1pm0510\" target=\"_blank\"><strong>Watch Today's Video Update Here<\/strong><\/p>\n<p><\/a><\/p>\n<p><span style=\"color: #002359; font-weight: bold;\">On Investor's Minds:<\/span><br \/>\nUNITED STATES - Nothing but complacency<br \/>\nMIDDLE EAST - Potential for a major Mideast conflict<br \/>\nEUROPE - All quiet for the moment<br \/>\nTHE FED - Reality distortion<br \/>\nOTHER - May 19th, debt ceiling suspension expires<\/p>\n<p>Have a great trading day,<br \/>\n<a href=\"http:\/\/www.ino.com\/blog\/about-adam-hewison\/\" target=\"_blank\">Adam Hewison<\/a><br \/>\nPresident, INO.com<br \/>\nCo-Creator, MarketClub<\/p>\n<p><a href=\"http:\/\/search1.bloomberg.com\/search\/?content_type=all&amp;page=1&amp;q=hewison\" target=\"_blank\" rel=\"attachment wp-att-6508\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft  wp-image-6508\" alt=\"Bloomberg\" src=\"\/img\/sites\/ino\/email\/5074.jpg\" width=\"215\" height=\"51\" \/><\/a> <a href=\"http:\/\/www.bnn.ca\/Search.aspx?query=hewison\" target=\"_blank\" rel=\"attachment wp-att-6507\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6507 alignleft\" alt=\"BNN\" src=\"\/img\/sites\/ino\/email\/5075.jpg\" width=\"117\" height=\"50\" \/><\/a> <a href=\"http:\/\/search.cnbc.com\/main.do?target=all&amp;categories=exclude&amp;keywords=hewison\" target=\"_blank\" rel=\"attachment wp-att-6506\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6506 alignleft\" alt=\"CNBC\" src=\"\/img\/sites\/ino\/email\/5076.jpg\" width=\"111\" height=\"50\" \/><\/a> <a href=\"http:\/\/www.foxbusiness.com\/search-results\/search?q=hewison\" target=\"_blank\" rel=\"attachment wp-att-6505\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6505 alignnone\" alt=\"FOX\" src=\"\/img\/sites\/ino\/email\/5077.jpg\" width=\"241\" height=\"51\" \/><\/a><\/p>\n<p><em><strong>Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.<\/strong><\/em><\/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 traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 10th of May. Running Out Of Gas Or Is Complacency Setting In? The market has two enemies, gravity and complacency. It would appear as though complacency in this market is becoming more and more [&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":[4071,188,28,3839,3831,1069,147,23,1768,307,2074,566,7947,4053],"class_list":["post-20117","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-8-95-trial","tag-adam-hewison","tag-crude-oil","tag-donchian-channel","tag-dx","tag-euro","tag-fibonacci-resistance","tag-gold","tag-marketclub-tips-talk","tag-precious-metals","tag-sp500","tag-trade-triangles","tag-trading-videos","tag-williamr"],"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>Today&#039;s Video Update: Is The Market Running Out Of Gas? - 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\/2013\/05\/todays-video-update-is-the-market-running-out-of-gas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Today&#039;s Video Update: Is The Market Running Out Of Gas? - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 10th of May. Running Out Of Gas Or Is Complacency Setting In? The market has two enemies, gravity and complacency. 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Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 10th of May. Running Out Of Gas Or Is Complacency Setting In? The market has two enemies, gravity and complacency. 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