{"id":8514,"date":"2011-08-01T13:15:39","date_gmt":"2011-08-01T17:15:39","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=8514"},"modified":"2011-08-03T10:42:36","modified_gmt":"2011-08-03T14:42:36","slug":"what-will-august-bring","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/","title":{"rendered":"What Will August Bring?"},"content":{"rendered":"<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_6f0f0582-e6d2-4040-bd8d-2c69997f9031&amp;mkt=blog1pm81\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"\/img\/sites\/ino\/email\/3911.jpg\" alt=\"\" width=\"343\" height=\"214\" \/><\/a>Hello traders everywhere!\u00a0 Adam Hewison here, co-founder of     MarketClub with your 1 p.m. market update for Monday, the 1st of     August.<\/p>\n<p>As we start off this first day of August and first trading day of     the week the cat is out of the bag, and the market doesn't like what     it sees.\u00a0 The S&amp;P 500 is now trading below its 200 day moving     average as of this writing, which indicates further weakness ahead.<\/p>\n<p>The equity markets started out strong, as did crude oil and the     dollar.\u00a0 <span style=\"color: #ff0000;\"><span style=\"color: #000000;\"> All that has changed now when the manufacturing sector came out       and said that things were slowing down quite dramatically. In fact       new orders grew at their slowest pace in 2 years in July, with new       orders contracting, it represents a troubling development for the       economy and the stock market.<\/span><br \/>\n<\/span><br \/>\nViewers of this report will note that we have been very cautious on     the stock market as we felt it was rolling over to the downside     based on technical analysis.\u00a0 A close today below the 200 day moving     average which comes in at 1285 will be viewed as a negative for the     S&amp;P 500.<\/p>\n<p>At this point, the greatest fear is a potential downgrade by one of     the rating agencies.\u00a0 Should that happen, more pressure will be put     on this market.\u00a0 Many investors have become complacent and this is a     real danger in my view.\u00a0 I think there's a major opportunity to make     money in this market as I see the S&amp;P 500 slipping to the 1265     level before any kind of bounce.<\/p>\n<p>Now,<a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_6f0f0582-e6d2-4040-bd8d-2c69997f9031&amp;mkt=mktblog1pm81\"> let's go to the markets and see how we can protect and grow     your money in 2011<\/a>.<\/p>\n<p><!--more-->S&amp;P 500<br \/>\nMonthly Trade Triangles for Long-Term Trends\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 =     Positive<br \/>\nWeekly Trade Triangles for Intermediate Term Trends\u00a0\u00a0\u00a0 = Negative<br \/>\nDaily Trade Triangles for Short-Term Trends\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0 =     Negative<br \/>\nCombined Strength of Trend Score\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0     = - 70<\/p>\n<p>Technically, the S&amp;P 500 is now trading below its 200 day moving     average and for many technical traders this is a big negative.\u00a0 If     we see the market close below the 1285 level, this will confirm a     definitive break for this index.\u00a0 Support comes in to this index at     the 1265 and again at 1250.\u00a0 That is the last vestiges of support     for this index.\u00a0 Should these levels give way you will see a mass     exodus out of all stocks.<\/p>\n<p>--------<br \/>\nSILVER (SPOT)<br \/>\nMonthly Trade Triangles for Long-Term Trends\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 =     Positive<br \/>\nWeekly Trade Triangles for Intermediate Term Trends\u00a0\u00a0\u00a0 = Positive<br \/>\nDaily Trade Triangles for Short-Term Trends\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 =     Negative<br \/>\nCombined Strength of Trend Score\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0     = + 85<\/p>\n<p>The Silver market, like the Gold market, came under pressure early     as a knee-jerk reaction to a possible debt ceiling settlement. The     market has subsequently rallied and is now higher on the day as of     this writing.\u00a0 The overbought condition that was in play a week ago     has been relieved and this market could still move up and test the     target zones we have identified. We are expecting this market to     reach its highs towards the latter part of Q3 and early Q4.\u00a0 The     intermediate target for silver based on the Fibonacci count of 61.8%     is $42.98.<br \/>\n-------------<br \/>\nGOLD (SPOT)<br \/>\nMonthly Trade Triangles for Long-Term Trends\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 =     Positive<br \/>\nWeekly Trade Triangles for Intermediate Term Trends\u00a0\u00a0\u00a0 = Positive<br \/>\nDaily Trade Triangles for Short-Term Trends\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 =     Positive<br \/>\nCombined Strength of Trend Score\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0 =     + 100<\/p>\n<p>In early trading this market was around the $1,610 level and has     subsequently rallied and is now higher on the day.\u00a0 This has to be a     troubling occurrence for the administration as it is really a vote     of no-confidence in the direction of the country.\u00a0 There appears to     be good support coming in at the $1,610 level.\u00a0 We continue to like     this market from the long side.\u00a0 We are looking for gold to move     higher until the end of Q3 and possibly into Q4.\u00a0 Intermediate     targets for gold are $1,640 and $1,650.<br \/>\n-------------<br \/>\nCRUDE OIL (SEPTEMBER)<br \/>\nMonthly Trade Triangles for Long-Term Trends\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 =     Negative<br \/>\nWeekly Trade Triangles for Intermediate Term Trends\u00a0\u00a0\u00a0 = Positive<br \/>\nDaily Trade Triangles for Short-Term Trends\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0 =     Positive<br \/>\nCombined Strength of Trend Score\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0     = + 70<\/p>\n<p>The crude oil market rallied dramatically, trading as high as $98.50     a barrel before it came under pressure and collapsed to be lower on     the day.\u00a0 Our Trade Triangle technology continues to indicate a     mixed picture and a trading range for this commodity.\u00a0 The Williams     % R indicator is currently in an oversold condition and we are     getting close to touching the lower part of the Donchian trading     channel.\u00a0 Both of these indicators may represent some support around     the $94 level.<br \/>\n-------------<br \/>\nDOLLAR INDEX<br \/>\nMonthly Trade Triangles for Long-Term Trends\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0 =     Positive<br \/>\nWeekly Trade Triangles for Intermediate Term Trends\u00a0\u00a0\u00a0 = Negative<br \/>\nDaily Trade Triangles for Short-Term Trends\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0 =     Negative<br \/>\nCombined Strength of Trend Score\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0     = - 60<\/p>\n<p>The dollar index has rallied quite dramatically and is currently     trading 0.70% higher for the day.\u00a0 We discussed in previous reports     that this index encompasses a basket of currencies and is not     representative of an individual currency.\u00a0 We further reported that     the 73.50 area was an important level of support for this index.\u00a0     This proved to be accurate as the dollar index rallied from the     lower levels of being oversold on the Williams% R indicator and the     lower levels of the Donchian trading channel.\u00a0 The long-term 200 day     moving average remains negative for this index.\u00a0 Resistance remains     at 75.50 and support comes in today at 74.00.<br \/>\n-------------<br \/>\nREUTERS\/JEFFERIES CRB COMMODITY INDEX<br \/>\nMonthly Trade Triangles for Long-Term Trends\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0 =     Negative<br \/>\nWeekly Trade Triangles for Intermediate Term Trends\u00a0\u00a0\u00a0 = Positive<br \/>\nDaily Trade Triangles for Short-Term Trends\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 =     Negative<br \/>\nCombined Strength of Trend Score\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0     = - 65<\/p>\n<p>The Reuters\/Jefferies CRB commodity index continues to move sideways     and remains trapped in a broad trading range.\u00a0 We feel that this     index is close to making a low for a potential reversal back to the     upside.\u00a0 We would not get excited about being long this index until     we see the 352 level broken to the upside.\u00a0 At the present time, our     Trade Triangle technology is mixed.\u00a0 Resistance is between 349 and     350.\u00a0 Support comes in at 342.<\/p>\n<p>---------------<br \/>\nDon't forget to watch our <a href=\"http:\/\/club.ino.com\/trading\/2011\/07\/marketclub-tv\/?MCTV0803\" target=\"_blank\">MarketClub TV<\/a> show this Wednesday, at 5     PM.\u00a0 Many of the questions you posted on our hotline will be     answered.<\/p>\n<p>More good news that you can benefit from:\u00a0 MarketClub has teamed up     with PMI, one of largest education forces in the world, to offer     personal coaching for MarketClub!\u00a0 It offers you an opportunity to     learn many of the secrets about how the markets really work and how     you can make it in current market conditions.<\/p>\n<p>To learn more about our personal coaching and to help improve your     trading give us a call at <strong><span style=\"color: #ff0000;\">877\u2013219\u20131482<\/span><\/strong>.<\/p>\n<p>This is Adam Hewison for MarketClub and I'll see you tomorrow same     place, same time, have a great day trading!<\/p>\n<p>As always, we rely on our market proven Trade Triangle technology     for catching the big moves.<\/p>\n<p>Every success,<br \/>\n<a href=\"..\/2011\/07\/2011\/07\/2011\/07\/about-adam-hewison\/\">Adam Hewison<\/a><br \/>\nPresident of INO.com<br \/>\nCo-founder of MarketClub.com<\/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 Monday, the 1st of August. As we start off this first day of August and first trading day of the week the cat is out of the bag, and the market doesn't like what it sees.\u00a0 The S&amp;P 500 [&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":[4,10],"tags":[3917,28,1961,1067,3839,3831,147,23,1695,307,294,2074],"class_list":["post-8514","post","type-post","status-publish","format-standard","hentry","category-trading-tips","category-trading-videos","tag-crb","tag-crude-oil","tag-debt","tag-dollar","tag-donchian-channel","tag-dx","tag-fibonacci-resistance","tag-gold","tag-government-spending","tag-precious-metals","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>What Will August Bring? - 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\/08\/what-will-august-bring\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Will August Bring? - 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 Monday, the 1st of August. As we start off this first day of August and first trading day of the week the cat is out of the bag, and the market doesn&#039;t like what it sees.\u00a0 The S&amp;P 500 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/\" \/>\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=\"2011-08-01T17:15:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2011-08-03T14:42:36+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=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"What Will August Bring?\",\"datePublished\":\"2011-08-01T17:15:39+00:00\",\"dateModified\":\"2011-08-03T14:42:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/\"},\"wordCount\":1124,\"commentCount\":9,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"CRB\",\"Crude Oil\",\"debt\",\"dollar\",\"Donchian Channel\",\"DX\",\"fibonacci resistance\",\"Gold\",\"government spending\",\"precious metals\",\"silver\",\"SP500\"],\"articleSection\":[\"MarketClub Techniques, Tips &amp; Talk\",\"Trading Videos\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/\",\"url\":\"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/\",\"name\":\"What Will August Bring? 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As we start off this first day of August and first trading day of the week the cat is out of the bag, and the market doesn't like what it sees.\u00a0 The S&amp;P 500 [&hellip;]","og_url":"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/","og_site_name":"INO.com Trader&#039;s Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2011-08-01T17:15:39+00:00","article_modified_time":"2011-08-03T14:42:36+00:00","author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/#article","isPartOf":{"@id":"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"What Will August Bring?","datePublished":"2011-08-01T17:15:39+00:00","dateModified":"2011-08-03T14:42:36+00:00","mainEntityOfPage":{"@id":"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/"},"wordCount":1124,"commentCount":9,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"keywords":["CRB","Crude Oil","debt","dollar","Donchian Channel","DX","fibonacci resistance","Gold","government spending","precious metals","silver","SP500"],"articleSection":["MarketClub Techniques, Tips &amp; Talk","Trading Videos"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/","url":"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/what-will-august-bring\/","name":"What Will August Bring? 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