{"id":8965,"date":"2011-08-20T10:41:49","date_gmt":"2011-08-20T14:41:49","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=8965"},"modified":"2011-08-20T12:53:33","modified_gmt":"2011-08-20T16:53:33","slug":"weekend-update-the-tail-that-wags-the-dog","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/weekend-update-the-tail-that-wags-the-dog\/","title":{"rendered":"Weekend Update...The Tail That Wags The Dog"},"content":{"rendered":"<p>Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 8\/19\/11.<\/p>\n<p>The tail that wags the dog<\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/?723\"><\/a><a href=\"http:\/\/tv.ino.com\/free\/?820\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-8410\" title=\"Weekend Video update\" src=\"\/\/club.ino.com\/trading\/wp-content\/uploads\/2011\/07\/Weekend-Video-update.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a>Once again, the problems with sovereign debt in Europe\u00a0 spilled over into the global equity markets,\u00a0 and in particular the bank stocks. Europe is \"the tail that wags the dog\", and in this case,\u00a0 it's the world.<\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/?820\">Video update here.<\/a><\/p>\n<p>For the 4th straight week, US equities closed lower and under heavy selling pressure.\u00a0 Gold on the other hand soared to new highs, on fears that the sovereign debt crisis is escalating and getting totally out of hand. (It's already out of hand).<\/p>\n<p>With world equities coming under pressure crude oil was not immune to the potential of less demand for this commodity. With that in mind crude oil slipped 3.6% for the week.<\/p>\n<p>So there you have it, the trends continue,\u00a0 and these trends are likely to continue in the near future.<\/p>\n<p>Now,\u00a0 let's go to the weekly charts and see what happened last week in the major markets according to our Trade Triangle technology.<!--more--><\/p>\n<p>S&amp;P500: change for the week: - 4.68%<br \/>\nMonthly 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>Silver: change for the week: + 9.76%<br \/>\nMonthly 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: = + 100<\/p>\n<p>Gold: change for the week: + 6.02%<br \/>\nMonthly 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: = + 100<\/p>\n<p>Oil: change for the week: - 3.65%<br \/>\nMonthly 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: = - 90<\/p>\n<p>$ Index: change for the week: - .77%<br \/>\nMonthly 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: = + 55<\/p>\n<p>CRB Index: change for the week: + 2.97%<br \/>\nMonthly 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>------------<\/p>\n<p>As always, we rely on our market proven Trade Triangle technology for catching the big moves.<\/p>\n<p>This is\u00a0 <a href=\"http:\/\/club.ino.com\/trading\/about-adam-hewison\/\">Adam Hewison<\/a> for <a href=\"http:\/\/marketclub.com\">MarketClub<\/a>, don't forget to tune in every day at 1 PM oh my daily updates. Have a great weekend everyone.<\/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 fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 8\/19\/11. The tail that wags the dog Once again, the problems with sovereign debt in Europe\u00a0 spilled over into the global equity markets,\u00a0 and in particular the bank stocks. Europe is \"the tail that wags [&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":[3917,28,1961,1067,3839,3831,147,23,1695,307,294,2074,3858],"class_list":["post-8965","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","tag-weekend-update"],"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>Weekend Update...The Tail That Wags The Dog - 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\/weekend-update-the-tail-that-wags-the-dog\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekend Update...The Tail That Wags The Dog - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 8\/19\/11. The tail that wags the dog Once again, the problems with sovereign debt in Europe\u00a0 spilled over into the global equity markets,\u00a0 and in particular the bank stocks. 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