{"id":7793,"date":"2011-06-22T13:37:38","date_gmt":"2011-06-22T17:37:38","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=7793"},"modified":"2011-06-22T13:50:27","modified_gmt":"2011-06-22T17:50:27","slug":"what-is-really-going-on-in-the-equity-market","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2011\/06\/what-is-really-going-on-in-the-equity-market\/","title":{"rendered":"Does Bernanke know best?"},"content":{"rendered":"<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_00c21b49-3e4e-4ccb-8b30-7b0553674654&amp;mkt=blog1pm0622\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"\/img\/sites\/ino\/email\/3862.jpg\" alt=\"\" width=\"236\" height=\"184\" \/><\/a>Hello traders everywhere.\u00a0 Adam Hewison here, co-founder of MarketClub, with your 1 p.m. market update for Wednesday the 22nd of June.<\/p>\n<p>Yesterday it was Greece, today it's Ben Bernanke and the FED. What is really going on with the equity market is that no one has strong feelings either on the upside or downside . This neutrality is reflected in our +55 reading indicating that the market remains in a trading range. Today we want to do something a little bit different, I am going to go through each of the markets quickly, and\u00a0 then zoom in and focus on two markets crude oil and silver. I think you'll find our analysis quite interesting and informative.<\/p>\n<p>Now let's take a look at what's happening in the markets...<!--more--><\/p>\n<p>S&amp;P 500: +65. The market action continues to reflect a trading range. Major downside support is at $1,250. Upside resistance begins at $1,300.<\/p>\n<p>Silver: +75. We talk about this market in more detail in the video, so tune in!<\/p>\n<p>Gold: +100. All systems are go for gold but the market appears to be going up grudgingly. The weekly Donchian channel has resistance at $1,575 today. Major support at $1,513.<\/p>\n<p>Crude Oil: -75. We also cover this with more detail in today's video.<\/p>\n<p>The Dollar Index: -80. Our indicators are still negative longer-term for the dollar. Minor support at $74.00. Major support at $73.00. Look for a test of the lower line of the Donchian channel which comes in at $73.54.<\/p>\n<p>The Thomson Reuters\/Jefferies CRB Commodity Index: +55. We are at the lower range of the Donchian channel and the market is oversold. We would not rule out some sort of bounce from current levels. Market remains in a broad trading range.<\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livetv\" target=\"_blank\">Don't miss out on tonight's live episode of MarketClub TV at 5:00 p.m. ET!<\/a><\/p>\n<p>Every success,<br \/>\nAdam 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 traders everywhere.\u00a0 Adam Hewison here, co-founder of MarketClub, with your 1 p.m. market update for Wednesday the 22nd of June. Yesterday it was Greece, today it's Ben Bernanke and the FED. What is really going on with the equity market is that no one has strong feelings either on the upside or downside . [&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],"tags":[3928,850,28,1067,111,425,23,3229,294,2074],"class_list":["post-7793","post","type-post","status-publish","format-standard","hentry","category-general","tag-1pm-update","tag-bernanke","tag-crude-oil","tag-dollar","tag-dollar-index","tag-fed","tag-gold","tag-greece","tag-silver","tag-sp500"],"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>Does Bernanke know best? - 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\/06\/what-is-really-going-on-in-the-equity-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Does Bernanke know best? - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello traders everywhere.\u00a0 Adam Hewison here, co-founder of MarketClub, with your 1 p.m. market update for Wednesday the 22nd of June. 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