{"id":38962,"date":"2016-06-10T13:30:13","date_gmt":"2016-06-10T17:30:13","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=38962"},"modified":"2016-06-10T12:44:49","modified_gmt":"2016-06-10T16:44:49","slug":"in-god-we-trust-starbucks","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2016\/06\/in-god-we-trust-starbucks\/","title":{"rendered":"In God We Trust - Starbucks?"},"content":{"rendered":"<p>Hello MarketClub members everywhere. This morning I learned that <strong>Starbucks Corporation <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NASDAQ_SBUX\/?mktcode=tradersblogsymbolscross\" target=\"_blank\">(NASDAQ:SBUX)<\/a><\/strong> has 1.2 billion dollars loaded onto Starbuck's cards and their mobile app - that is more capital than almost 5,000 US banks! The other good news for Starbucks is that they are playing the 'float' which means they are getting a return on your capital much like a bank, albeit small, as interest rates are so low right now. So next time you are in Starbucks ordering your favorite cup of coffee, do yourself a favor and pay cash. Why let Starbuck's make a buck on your hard earned money?<\/p>\n<p><a href=\"http:\/\/club.ino.com\/join\/videos\/latest\/?vidid=club-mc_update_20160610&mkt=freetrial-blog1pm0610\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"\/img\/sites\/ino\/email\/7578.jpg\" alt=\"MarketClub's Mid-day Market Report\" width=\"638\" height=\"354\" \/><\/a><\/p>\n<p><strong>Overseas<\/strong>: The German Bund yields sink to new lows and yields in both Britain and Germany fell to record lows ahead of Britain's referendum on the European Union membership later this month. All of which is not particularly positive for the US economy or today's market.<\/p>\n<p><strong>How The Markets Closed Last Friday<\/strong>: Every Friday I look back on the week and see where the markets closed the previous Friday. This look backwards gives me the opportunity to see whether a market is positive or negative for the week. One of the important market perceptions is to look at the comfort level of traders and investors on Friday and see if they are comfortable going into the weekend holding positions in various markets. With that said, here's how the major markets closed last Friday.<!--more--><\/p>\n<p><strong>DOW <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/INDEX_DJI\/?mktcode=tradersblogsymbols\" target=\"_blank\">(INDEX:DJI)<\/a><\/strong>: 17,807.06<br \/>\n<strong>S&P 500 <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/CME_SP500\/?mktcode=tradersblogsymbols\" target=\"_blank\">(CME:SP500)<\/a><\/strong>: 2,099.13<br \/>\n<strong>NASDAQ  <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NASDAQ_COMP\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NASDAQ:COMP)<\/a><\/strong>: 4,943.20<\/p>\n<p><strong>Gold <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NYMEX_GC.N16.E\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NYMEX:GC.N16.E)<\/a><\/strong>: 1,241.30<br \/>\n<strong>Crude Oil <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NYMEX_CL.N16.E\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NYMEX:CL.N16.E)<\/a><\/strong>: 48.70<br \/>\n<strong>EUR\/USD <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/FOREX_EURUSD\/?mktcode=tradersblogsymbols\" target=\"_blank\">(FOREX:EURUSD)<\/a><\/strong>: 1.1366    <\/p>\n<p><strong>Indices:<\/strong> In regards to the indices, if they close lower for the week it would not be a good sign as they are reversing from an area of resistance that I had outlined earlier in the week.<\/p>\n<p><strong>Gold <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NYMEX_GC.N16.E\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NYMEX:GC.N16.E)<\/a><\/strong>: Gold, on the other hand, is beginning to pick up a lot of media and general support. Technically, it looks as though gold is going to close higher for the week. Next week could be a potential buy week based on the Trade Triangle technology. So, let's keep this market on the radar screen.<\/p>\n<p><strong>Crude Oil <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NYMEX_CL.N16.E\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NYMEX:CL.N16.E)<\/a><\/strong>: Crude oil, even with today's pullback, still appears to be closing higher for the week. I did mention yesterday how the $50 level would be support for crude. I believe it's in the support area right now.<\/p>\n<p><strong>EUR\/USD <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/FOREX_EURUSD\/?mktcode=tradersblogsymbols\" target=\"_blank\">(FOREX:EURUSD)<\/a><\/strong>: The Euro looks to be fractionally lower for the week as of this writing, but it could close out the week on a flat note.<\/p>\n<p>Stay focused and disciplined.<\/p>\n<p>Every success with MarketClub,<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<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Hello MarketClub members everywhere. This morning I learned that Starbucks Corporation (NASDAQ:SBUX) has 1.2 billion dollars loaded onto Starbuck's cards and their mobile app - that is more capital than almost 5,000 US banks! The other good news for Starbucks is that they are playing the 'float' which means they are getting a return on [&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":[8447,6249,7065,8481,4257,6320,6319,6046],"class_list":["post-38962","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-crude-oil-nymexcl-n16-e","tag-dow-indexdji","tag-eurusd-forexeurusd","tag-gold-nymexgc-n16-e","tag-mid-day-report","tag-nasdaq-nasdaqcomp","tag-sp-500-cmesp500","tag-starbucks-corp-nasdaqsbux"],"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>In God We Trust - Starbucks? - 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\/2016\/06\/in-god-we-trust-starbucks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In God We Trust - Starbucks? - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello MarketClub members everywhere. This morning I learned that Starbucks Corporation (NASDAQ:SBUX) has 1.2 billion dollars loaded onto Starbuck&#039;s cards and their mobile app - that is more capital than almost 5,000 US banks! The other good news for Starbucks is that they are playing the &#039;float&#039; which means they are getting a return on [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2016\/06\/in-god-we-trust-starbucks\/\" \/>\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=\"2016-06-10T17:30:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-06-10T16:44:49+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2016\/06\/in-god-we-trust-starbucks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2016\/06\/in-god-we-trust-starbucks\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"In God We Trust - Starbucks?\",\"datePublished\":\"2016-06-10T17:30:13+00:00\",\"dateModified\":\"2016-06-10T16:44:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2016\/06\/in-god-we-trust-starbucks\/\"},\"wordCount\":447,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"Crude Oil (NYMEX:CL.N16.E)\",\"DOW (INDEX:DJI)\",\"EUR\/USD (FOREX:EURUSD)\",\"Gold (NYMEX:GC.N16.E)\",\"Mid-Day Report\",\"NASDAQ (NASDAQ:COMP)\",\"S&amp;P 500 (CME:SP500)\",\"Starbucks Corp. 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