{"id":7353,"date":"2011-05-26T13:21:15","date_gmt":"2011-05-26T17:21:15","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=7353"},"modified":"2011-05-26T13:21:15","modified_gmt":"2011-05-26T17:21:15","slug":"1pm-recap-52611","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2011\/05\/1pm-recap-52611\/","title":{"rendered":"1PM Recap (5\/26\/11)"},"content":{"rendered":"<p>Hi, Adam Hewison here with MarketClub. Here is a recap of your 1 p.m. market update for Thursday, the 26th of May.<\/p>\n<p><iframe loading=\"lazy\" width=\"480\" height=\"295\" src=\"http:\/\/cdn.livestream.com\/embed\/marketclub?layout=4&clip=pla_32e69892-6c32-43df-99a8-134290b6c084&color=0xe7e7e7&autoPlay=false&mute=false&iconColorOver=0x888888&iconColor=0x777777&allowchat=true\" style=\"border:0;outline:0\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Here's what's happening in the major markets ...<!--more--><\/p>\n<p>S&amp;P 500: -60. Only the longer-term monthly Trade Triangle remains intact at this time. Market at the lower end of the Donchian Channel. Neutral - Major Support at 1,295-1,300.<\/p>\n<p>Silver: +75. This market reached the midpoint of the Donchian channel. The bullish divergence on the Williams %R indicator is now confirmed. Major resistance at $39.50. Rally potential up to 42.00. Near term support at 36.00. Major Support at $34.00.<\/p>\n<p>Gold: +100. Longer term trend remains positive. The $1,533 which is a 62% Fib retracement and is resistance today. Minor support at $1,514.00. Major support at $1,500, $1,475.<\/p>\n<p>Crude Oil: +70 Trading range. Long term indicator remains positive. Resistance at 102.00 basis July. Choppy market. Bullish divergence confirmed on the Williams %R indicator.A close over $101.90 basis July is needed to drive prices higher this could happen today.<\/p>\n<p>The Dollar Index: +55. In a very broad trading range with the longer term Trade Triangle remaining in a negative position. Index reversed from resistance at the 76.50 level. Resistance now at 76.50 and 77.50. Minor support at 75.00. Possible \"Dark Cloud Cover\" formed and a close today below 75.70 confirms that candle pattern. Negative divergence on the Williams%R indicator.<\/p>\n<p>The Thomson Reuters\/Jefferies CRB Commodity Index: +55. Near-term resistance at 345.00. Minor support at 340.00. Bullish divergence building on the Williams %R indicator.<\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livetv\" target=\"_blank\">Join Susan and I tonight, LIVE at 7PM EST for another episode of MarketClub TV!<\/a><\/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>Hi, Adam Hewison here with MarketClub. Here is a recap of your 1 p.m. market update for Thursday, the 26th of May. Here's what's happening in the major markets ...<!-- 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":[4,10],"tags":[28,23,3837,294,2074,3857,3733,842],"class_list":["post-7353","post","type-post","status-publish","format-standard","hentry","category-trading-tips","category-trading-videos","tag-crude-oil","tag-gold","tag-jefferies","tag-silver","tag-sp500","tag-thomson","tag-update","tag-videos"],"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>1PM Recap (5\/26\/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:\/\/wwwtest.ino.com\/blog\/2011\/05\/1pm-recap-52611\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"1PM Recap (5\/26\/11) - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hi, Adam Hewison here with MarketClub. 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