{"id":9089,"date":"2011-08-27T12:29:12","date_gmt":"2011-08-27T16:29:12","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=9089"},"modified":"2011-08-27T12:30:10","modified_gmt":"2011-08-27T16:30:10","slug":"weekend-update-for-826-dont-worry-warren-buffett-will-lend-you-money-at-11","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2011\/08\/weekend-update-for-826-dont-worry-warren-buffett-will-lend-you-money-at-11\/","title":{"rendered":"Weekend Update for 8\/26 - Don't Worry Warren Buffett will lend you money at 11%"},"content":{"rendered":"<p><a href=\"http:\/\/tv.ino.com\/free\/?826\"><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>Hello fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 8\/26\/11.<\/p>\n<p>The major spin last week was the fact that Warren Buffett lent Bank of America $5 billion. But Warren is no fool,\u00a0 who wouldn't want to get 11% on their investment guaranteed. Well, that's pretty much what Warren got with Bank of America.<\/p>\n<p>So what does that tell us, (1) that Warren is a very shrewd and hard nosed investor, and (2) Bank of America is in serious trouble, and is willing to pay that kind of interest for new funds. Just think about it, you only get 2% on a 10 year treasury.<\/p>\n<p>It remains to be seen whether or not Bank of America is a good stock.\u00a0 Right now our Trade Triangle technology still indicates that the trend is down and has been for quite some time. If you are a member of MarketClub you can clearly see this on the charts where our Trade Triangles indicate exits or short sales. Sorry Warren, as we do not yet have 5 billion dollars to invest, we are sticking with our tried and true Trade Triangle approach to the markets<\/p>\n<p>So let's look at the markets and see what happened last week:<!--more--><\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/?826\">Watch video here<\/a><\/p>\n<p>The 4 week losing streak in equities came to an end last week with a positive bounce of 4.74% for the S&amp;P500. With a positive bounce for equities, investors decided gold and silver had rallied high enough and decided to take some money off the table. That action created heavy selling and profit taking in both metals. By weeks end, gold had managed to recover much of its losses and closed out the week with a loss of 1.34%.<\/p>\n<p>Crude oil and the CRB index both rose 2.99% and 1.84% respectively. The dollar index lost ground for the second week in a row, but remains above key support at 73.50.<\/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.<\/p>\n<p>S&amp;P500: Change for the week: + 4.74%<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: = Positive<br \/>\nCombined Strength of Trend Score: = - 75<\/p>\n<p>Silver: Change for the week: - 3.68%<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: = Negative<br \/>\nCombined Strength of Trend Score: = + 85<\/p>\n<p>Gold: Change for the week: - 1.34%<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: = Negative<br \/>\nCombined Strength of Trend Score: = + 85<\/p>\n<p>Oil: Change for the week: + 2.99%<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: = - 70<\/p>\n<p>$ Index: Change for the week: - .76%<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: + 1.84%<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: = - 70<\/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>A PERSONAL NOTE<\/p>\n<p>This weekend, our thoughts are not so much about the markets, but rather about the destructive power of mother nature.\u00a0 Soon hurricane Irene will be bearing down on the Mid-Atlantic and North East states.\u00a0 Our thoughts and prayers are for everyone who is going to be affected by this monster storm, ourselves included.\u00a0 May we all make it through and have safe passage this weekend.<\/p>\n<p>All the best,<br \/>\n<a href=\"http:\/\/club.ino.com\/trading\/about-adam-hewison\/\">Adam Hewison<\/a><br \/>\nPresident, INO.com<br \/>\nCo-creator, 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 fellow traders everywhere. Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 8\/26\/11. The major spin last week was the fact that Warren Buffett lent Bank of America $5 billion. But Warren is no fool,\u00a0 who wouldn't want to get 11% on their investment guaranteed. Well, that's [&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":[10],"tags":[3917,28,1961,1067,3839,3831,147,23,1695,307,2074,4053],"class_list":["post-9089","post","type-post","status-publish","format-standard","hentry","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-sp500","tag-williamr"],"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 for 8\/26 - Don&#039;t Worry Warren Buffett will lend you money at 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\/08\/weekend-update-for-826-dont-worry-warren-buffett-will-lend-you-money-at-11\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekend Update for 8\/26 - Don&#039;t Worry Warren Buffett will lend you money at 11% - 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\/26\/11. The major spin last week was the fact that Warren Buffett lent Bank of America $5 billion. But Warren is no fool,\u00a0 who wouldn&#039;t want to get 11% on their investment guaranteed. 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Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 8\/26\/11. The major spin last week was the fact that Warren Buffett lent Bank of America $5 billion. But Warren is no fool,\u00a0 who wouldn't want to get 11% on their investment guaranteed. 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