{"id":8646,"date":"2011-08-05T13:32:14","date_gmt":"2011-08-05T17:32:14","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=8646"},"modified":"2011-08-05T13:32:14","modified_gmt":"2011-08-05T17:32:14","slug":"the-start-of-a-bear-market","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/the-start-of-a-bear-market\/","title":{"rendered":"The Start Of A Bear Market?"},"content":{"rendered":"<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_6155b4c9-393e-4d22-a9e0-b6420e68062d&amp;mkt=blog1pm85\" 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! Adam Hewison here, co-founder of MarketClub  with your 1 p.m. market update for Friday, the 5th of August.<\/p>\n<p>Ladies and gentlemen, the market action yesterday was real. Please be  aware that we have started on a bear market. As we have pointed out in  our previous updates, we were looking for a move to the downside. That  has now happened with all our indicators firmly in negative mode.<\/p>\n<p>Most folks who are not in their 60s do not remember the bear markets of  the 70s and 80s which caused a tremendous amount of pain for investors.  It seems as though we just kicked the can down the road for the last  time. The markets are bringing common sense back and they will find a  solution for the economy.<\/p>\n<p>President Obama came on the TV today to reassure everyone that it was  not his fault that the stock market was down, it had to do with Europe,  the tsunami in Japan. Mr. President we are and have been in a global  economy for years. It's too bad that Ben Bernanke and you don't  understand that.<\/p>\n<p>Folks who saw their 401(k) and IRA retirement accounts decimated in 2008  are having a d\u00e9j\u00e0 vu moment. In the last 10 days the S&amp;P 500 has lost  over $1 trillion and we expect it will lose more. A simple solution to  get America running again is to cut corporate taxes to 25%. Money will  pour in, corporations will start hiring again and start building  business. Corporations are the ones that create business and pay taxes  in this country. It's not the government that pays taxes.<\/p>\n<p>So, President Obama will you please help give businesses the environment  to thrive in, less regulation, less taxation? This is the only way for  the country to get out of this recession.<\/p>\n<p>The key element which is overriding everything right now is the current  market psyche... Scared. Last night every TV and cable show's lead story  was the market crash. If the market closes lower today, everybody will  be frantic and worried about their investments over the weekend which  means we'll probably see a continuation early next week to the downside.  The equity markets are getting close to a 61.8% Fibonacci retracement  level of 1148 for the S&amp;P 500 index. We expect that this level will be  reached. We would expect to see some profit taking at that area and a  modest retracement back to the upside. That is not to say we are  bullish, it just means we going to see some profit-taking coming into  this market.<\/p>\n<p>I would like to thank everybody for their positive feedback! We are  thankful we can help you muddle through this extremely volatile time in  the markets.<\/p>\n<p>So<a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_6155b4c9-393e-4d22-a9e0-b6420e68062d&amp;mkt=blog1pm85\" target=\"_blank\"> let's go to the 6 major markets<\/a> we track every day and see how we can  create and maintain your wealth in 2011.<\/p>\n<p><!--more--><\/p>\n<p>S&amp;P 500<\/p>\n<p>Monthly Trade Triangles for Long-Term Trends = Negative<br \/>\nWeekly Trade Triangles for Intermediate Term Trends = Negative<br \/>\nDaily Trade Triangles for Short-Term Trends = Negative<br \/>\nCombined Strength of Trend Score = - 100<\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_6155b4c9-393e-4d22-a9e0-b6420e68062d&amp;mkt=blog1pm85\" target=\"_blank\">Watch Video for update.<\/a><br \/>\n--------<br \/>\nSILVER (SPOT)<\/p>\n<p>Monthly Trade Triangles for Long-Term Trends = Positive<br \/>\nWeekly Trade Triangles for Intermediate Term Trends = Positive<br \/>\nDaily Trade Triangles for Short-Term Trends = Negative<br \/>\nCombined Strength of Trend Score = + 55<\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_6155b4c9-393e-4d22-a9e0-b6420e68062d&amp;mkt=blog1pm85\" target=\"_blank\">Watch Video for update.<\/a><br \/>\n-------------<br \/>\nGOLD (SPOT)<\/p>\n<p>Monthly Trade Triangles for Long-Term Trends = Positive<br \/>\nWeekly Trade Triangles for Intermediate Term Trends = Positive<br \/>\nDaily Trade Triangles for Short-Term Trends = Positive<br \/>\nCombined Strength of Trend Score = + 90<\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_6155b4c9-393e-4d22-a9e0-b6420e68062d&amp;mkt=blog1pm85\" target=\"_blank\">Watch Video for update.<\/a><br \/>\n-------------<br \/>\nCRUDE OIL (SEPTEMBER)<\/p>\n<p>Monthly Trade Triangles for Long-Term Trends = Negative<br \/>\nWeekly Trade Triangles for Intermediate Term Trends = Negative<br \/>\nDaily Trade Triangles for Short-Term Trends = Negative<br \/>\nCombined Strength of Trend Score = - 100<\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_6155b4c9-393e-4d22-a9e0-b6420e68062d&amp;mkt=blog1pm85\" target=\"_blank\">Watch Video for update.<\/a><br \/>\n-------------<br \/>\nDOLLAR INDEX<\/p>\n<p>Monthly Trade Triangles for Long-Term Trends = Positive<br \/>\nWeekly Trade Triangles for Intermediate Term Trends = Negative<br \/>\nDaily Trade Triangles for Short-Term Trends = Positive<br \/>\nCombined Strength of Trend Score = + 65<\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_6155b4c9-393e-4d22-a9e0-b6420e68062d&amp;mkt=blog1pm85\" target=\"_blank\">Watch Video for update.<\/a><br \/>\n-------------<br \/>\nREUTERS\/JEFFERIES CRB COMMODITY INDEX<\/p>\n<p>Monthly Trade Triangles for Long-Term Trends = Negative<br \/>\nWeekly Trade Triangles for Intermediate Term Trends = Negative<br \/>\nDaily Trade Triangles for Short-Term Trends = Negative<br \/>\nCombined Strength of Trend Score = - 100<\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_6155b4c9-393e-4d22-a9e0-b6420e68062d&amp;mkt=blog1pm85\" target=\"_blank\">Watch Video for update.<\/a><\/p>\n<p>-------------<\/p>\n<p>Here\u2019s some good news that you can benefit from today: MarketClub has   teamed up with PMI, a leader in the education field, to offer personal   coaching for MarketClub. That\u2019s right! Now you can have your own   personal coach and learn the many market secrets of MarketClub.<\/p>\n<p>Give us a call today at <span style=\"color: #ff0000;\"><strong>877\u2013219\u20131482 <\/strong><\/span>and see if personal coaching is  right for you.<\/p>\n<p>This is Adam Hewison for MarketClub and I\u2019ll see you tomorrow right  here, at 1pm. Have a great trading day.<\/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\/08\/2011\/08\/2011\/08\/2011\/08\/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! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Friday, the 5th of August. Ladies and gentlemen, the market action yesterday was real. Please be aware that we have started on a bear market. As we have pointed out in our previous updates, we were looking for a [&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-8646","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>The Start Of A Bear Market? - 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\/08\/the-start-of-a-bear-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Start Of A Bear Market? - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Friday, the 5th of August. Ladies and gentlemen, the market action yesterday was real. Please be aware that we have started on a bear market. 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