{"id":7168,"date":"2011-05-17T13:23:29","date_gmt":"2011-05-17T17:23:29","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=7168"},"modified":"2011-05-17T13:23:29","modified_gmt":"2011-05-17T17:23:29","slug":"1p-m-market-update-51711","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2011\/05\/1p-m-market-update-51711\/","title":{"rendered":"1p.m. Market Update (5\/17\/11)"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2010\/07\/iStock_cgpeople_updownarrows-150x150.jpg\" class=\"alignleft\" width=\"150\" height=\"150\" \/>Hello, Adam Hewison here for MarketClub. <a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livetv\/video?clipId=pla_79afcda9-d6e7-4fd2-839a-a76cb752d027&amp;utm_source=lslibrary&amp;utm_medium=ui-thumb\" target=\"_blank\">Watch what's happening right now in the markets ...<\/a><\/p>\n<p>S&P500: -70. Market very oversold. Long term uptrend remains intact. Market at the lower end of the Donchian Channel. Neutral - Trading range<\/p>\n<p>Silver: Score -70. possible bullish divergence on the Williams %R indicator.Major resistance at $39.50.Support at $32.00.<\/p>\n<p>Gold longer term trend still positive. Score +55. Support at $1,462.50. Resistance at $1,526.Trading Range<\/p>\n<p>Crude Oil: +55 neutral Trading range. Long term indicator remains positive. Possible bullish divergence on the Williams %R indicator.<\/p>\n<p>The Dollar Index: Score +70. In a trading range with the longer term outlook remaining negative.Possible negative divergence. Look for a pullback?? Major resistance remains at 77.50.<\/p>\n<p>The Thomson Reuters\/Jefferies CRB Commodity Index: Score -70. Near-term resistance at 348.50. Support at 333.50.Market very oversold on hedge fund liquidation.<\/p>\n<p>All the best,<\/p>\n<p>Adam Hewison<br \/>\nPresident of INO.com<br \/>\nCo-founder of 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, Adam Hewison here for MarketClub. Watch what's happening right now in the markets ... S&#038;P500: -70. Market very oversold. Long term uptrend remains intact. Market at the lower end of the Donchian Channel. Neutral - Trading range Silver: Score -70. possible bullish divergence on the Williams %R indicator.Major resistance at $39.50.Support at $32.00. Gold [&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":[1,4,10],"tags":[28,1067,23,3837,1831,294,2074,3836,3772],"class_list":["post-7168","post","type-post","status-publish","format-standard","hentry","category-general","category-trading-tips","category-trading-videos","tag-crude-oil","tag-dollar","tag-gold","tag-jefferies","tag-markets","tag-silver","tag-sp500","tag-thomas-reuters","tag-updates"],"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>1p.m. Market Update (5\/17\/11) - 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\/2011\/05\/1p-m-market-update-51711\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"1p.m. Market Update (5\/17\/11) - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello, Adam Hewison here for MarketClub. Watch what&#039;s happening right now in the markets ... S&amp;P500: -70. Market very oversold. Long term uptrend remains intact. Market at the lower end of the Donchian Channel. Neutral - Trading range Silver: Score -70. possible bullish divergence on the Williams %R indicator.Major resistance at $39.50.Support at $32.00. 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