{"id":9823,"date":"2011-10-13T13:36:00","date_gmt":"2011-10-13T17:36:00","guid":{"rendered":"http:\/\/club.ino.com\/trading\/?p=9823"},"modified":"2011-10-13T13:36:00","modified_gmt":"2011-10-13T17:36:00","slug":"heres-the-bottom-line-nothing-has-really-changed","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2011\/10\/heres-the-bottom-line-nothing-has-really-changed\/","title":{"rendered":"Here's the Bottom Line, Nothing Has Really Changed"},"content":{"rendered":"<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_52ec58d8-5313-45c9-8bae-c24de84e95a4&amp;mkt=blog1pm1013\" 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 mid-day market update for Thursday, the 13th of October.<br \/>\n-------------<br \/>\n<a href=\"http:\/\/club.ino.com\/markets\/8-95-trial-offer-2\/?blog1013\" target=\"_blank\">WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A HP WiFi TABLET <\/a><br \/>\n-------------<\/p>\n<p>The light volume rally that exceeded everyone's expectations in the  equity markets has finally come to an end. We were surprised, like many  traders, just how far this rally extended. The major trends always win  out in the end, and the major trend for the equity markets, the oil  market, the silver market, and the Reuters Jefferies CRB index are all  still negative longer-term. The long term trends came into play and  proved how important they are in the scope of trading.<\/p>\n<p>This morning I saw that Wall Street insider Raj Rayaratnam was sentenced  to 11 years in prison for his insider trading. I'm all for putting  people behind bars that break the security laws of the United States.  The security markets have no place for individuals like this.<\/p>\n<p>I'm also for putting incompetent politicians who waste our money behind  bars. There should be consequences for their actions. When you have  Senator Dick Durbin go on the Senate floor and say to everybody to pull  their money out of Bank of America, it is an irresponsible statement and  very dangerous for our fragile economy.<\/p>\n<p>The reason Senator Durbin said what he did on the Senate floor, is  because he cannot be prosecuted. Had he made that statement in a town  hall meeting or any kind of public meeting, Bank of America could and  should sue him. You can't have politicians denigrating businesses who  are elected officials. Unfortunately, most of these officials have zero  shame and certainly would not resign over something like this.<\/p>\n<p>I hope you were able to catch our shows yesterday, at 1 PM and again at  5 PM, when we discussed how many markets could be under pressure today.<\/p>\n<p>Here's the bottom line, nothing has really changed, the country and the  world is in a heap of trouble and that just can't be swept under the rug  and forgotten about.<\/p>\n<p>Now,<a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_52ec58d8-5313-45c9-8bae-c24de84e95a4&amp;mkt=blog1pm1013\" target=\"_blank\"> let's go to the 6 major markets we track every day<\/a> and see how we  can create and maintain your wealth in 2011. <!--more--><br \/>\n-------------<br \/>\n<a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_52ec58d8-5313-45c9-8bae-c24de84e95a4&amp;mkt=blog1pm1013\" target=\"_blank\">S&amp;P 500<\/a> INDEX<br \/>\n-------------<br \/>\nThe low-volume rally we have seen since Columbus Day finally came to an  end with the downside pressure that came in to the S&amp;P 500 index. The  long-term trend for the equity markets and the S&amp;P 500 index is still on  the downside. While this market is higher for the week, last week we  closed at 1155, we still expect to see this market move down and test  the recent lows. Intermediate and Long-term traders should continue to  hold short positions in this index.<br \/>\n-------------<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 = - 65<br \/>\n-------------<br \/>\nSuggested S&amp;P 500 Trading Instruments:<br \/>\nNon Leveraged ETF's: (Long SPY) (Short SH)<br \/>\n2 x Leveraged ETF's: (Long SSO)(Short SDS)<br \/>\nFutures: Contracts are available to trade this market. Contact your broker<br \/>\nOptions: Options Contracts are available to trade this market.Contact  your broker<br \/>\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for  more information.<\/p>\n<p>-------------<br \/>\n<a href=\"http:\/\/club.ino.com\/markets\/8-95-trial-offer-2\/?blog1013\" target=\"_blank\">WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A HP WiFi TABLET <\/a><br \/>\n-------------<br \/>\n<a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_52ec58d8-5313-45c9-8bae-c24de84e95a4&amp;mkt=blog1pm1013\" target=\"_blank\">SILVER<\/a> (SPOT)<br \/>\n-------------<br \/>\nIt would appear that the countertrend rally in silver has come to an end  with today's negative engulfing line to the downside. We mentioned this  on the show yesterday and today's action confirms our belief that the  longer-term trend is pushing this market lower. We believe that the  markets are looking at silver as an industrial metal and if we are  correct on the trend in the world equity markets, then silver should  fall to around $20 an ounce. Our Chart Analysis Score just moved to a  -85, indicating that momentum is picking up to the downside.  Intermediate and Long-term traders should continue to hold short  positions in silver with appropriate stops.<br \/>\n-------------<br \/>\nMonthly Trade Triangles for Long-Term Trends = Negative<br \/>\nWeekly Trade Triangles for Intermediate Term Trend = Negative<br \/>\nDaily Trade Triangles for Short-Term Trends = Positive<br \/>\nCombined Strength of Trend Score = - 85<br \/>\n-------------<br \/>\nSuggested SILVER Trading Instruments:<br \/>\nNon Leveraged ETF's: (Long SLV) (Short the ETF SLV)<br \/>\nLeveraged ETF's: (Long AGQ) (Short ZSL)<br \/>\nFutures: Contracts are available to trade this market. Contact your broker<br \/>\nOptions: Options Contracts are available to trade this market.Contact  your broker<br \/>\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for  more information.<\/p>\n<p>-------------<\/p>\n<p>HERE'S THE FASTEST, EASIEST WAY FOR YOU TO IMPROVE YOUR TRADING<\/p>\n<p>I would like you to ask yourself this question, <strong><span style=\"color: #3366ff;\">AM I READY FOR A  PERSONAL COACH<\/span><\/strong>?<\/p>\n<p>Give us a call today at <strong><span style=\"color: #3366ff;\">877\u2013219\u20131482<\/span><\/strong> for a free consultation and see if  personal coaching is right for you.<\/p>\n<p>LEARN MORE HERE: <a href=\"http:\/\/www.marketclubcoaching.com\/now\/\">http:\/\/www.marketclubcoaching.com\/now\/<\/a><\/p>\n<p>-------------<br \/>\n<a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_52ec58d8-5313-45c9-8bae-c24de84e95a4&amp;mkt=blog1pm1013\" target=\"_blank\">GOLD<\/a> (SPOT)<br \/>\n-------------<br \/>\nThe main difference between the gold and silver charts, is the long-term  monthly Trade Triangle continues to be positive for gold. Gold is also  showing a +55 Chart Analysis Score, indicating a trading range. Gold has  reached the midpoint of the Donchian trading channel, which will  probably halt its upward momentum for the time being. We would not be  surprised to see this sideways action continue for another week or so. I  think most traders would be better off just watching from the sidelines  until the volatility subsides. Only long-term traders should maintain  long positions with the appropriate money management stops in place.<br \/>\n-------------<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<br \/>\n-------------<br \/>\nSuggested GOLD Trading Instruments:<br \/>\nNon Leveraged ETF's: (Long GLD) (Short the ETF GLD)<br \/>\nLeveraged ETF's:(Long UGL) (Short GLL)<br \/>\nFutures: Contracts are available to trade this market. Contact your broker<br \/>\nOptions: Options Contracts are available to trade this market.Contact  your broker<br \/>\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for  more information.<\/p>\n<p>-------------<br \/>\n<a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_52ec58d8-5313-45c9-8bae-c24de84e95a4&amp;mkt=blog1pm1013\" target=\"_blank\">CRUDE OIL<\/a> (DECEMBER)<br \/>\n-------------<br \/>\nIMPORTANT ALERT: Please note that we are switching to the December  contract for crude oil. The action in crude oil today signifies that we  have more than likely put in an interim top for this market. A close in  the December contract below $84 a barrel would be viewed as negative,  indicating a move back down to the $80 a barrel level. Last Friday,  December crude oil closed at $82.97. Let's see how it closes this week.  Intermediate and Long-term traders should continue to be short the crude  oil market.<br \/>\n-------------<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 = - 55<br \/>\n-------------<br \/>\nSuggested Trading Instruments:<br \/>\nNon Leveraged ETF's: (Long USO) (Short the ETF USO)<br \/>\nLeveraged ETF's: (Long UCO) (Short DTO)<br \/>\nFutures: Contracts are available to trade this market. Contact your broker<br \/>\nOptions: Options Contracts are available to trade this market.Contact  your broker<br \/>\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for  more information.<\/p>\n<p>-------------<br \/>\n<a href=\"http:\/\/club.ino.com\/markets\/8-95-trial-offer-2\/?blog1013\" target=\"_blank\">WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A WiFi TABLET<\/a><br \/>\n-------------<\/p>\n<p><a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_52ec58d8-5313-45c9-8bae-c24de84e95a4&amp;mkt=blog1pm1013\" target=\"_blank\">DOLLAR<\/a> INDEX<br \/>\n-------------<br \/>\nThe dollar index is at the lower levels of the Donchian trading channel  and is also in an oversold condition. Given the fact that the Chart  Analysis Score is +55, we expect to see a rally and recovery most likely  to the 78.50 level. We continue to be friendly to this index and want to  hold long positions with money management stops. This index is coming  from a large energy field that is capable of carrying it much higher.  Intermediate and Long-Term traders should maintain long positions with  the appropriate money management stops in place.<br \/>\n-------------<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 = + 55<br \/>\n-------------<br \/>\nSuggested DOLLAR INDEX Trading Instruments:<br \/>\nNon Leveraged ETF's: (Long UUP) (Short UDN)<br \/>\nLeveraged ETF's: (Long) (Short)<br \/>\nFutures: Contracts are available to trade this market. Contact your broker<br \/>\nOptions: Options Contracts are available to trade this market.Contact  your broker<br \/>\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for  more information.<\/p>\n<p>-------------<br \/>\n<a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livestream-pla_52ec58d8-5313-45c9-8bae-c24de84e95a4&amp;mkt=blog1pm1013\" target=\"_blank\">REUTERS\/JEFFERIES CRB<\/a> COMMODITY INDEX<br \/>\n-------------<br \/>\nThe rally we have seen in this index has more than likely come to an end  with today's market action. As we indicated yesterday, we felt the 310  to 315 level would be enough to halt this markets current rally. A move  and close below the 308 level today, we would view as a negative sign  and would expect this market to back down and test the 300 level.  Intermediate and Long-Term traders should maintain short positions with  the appropriate money management stops in place.<br \/>\n---------------<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<br \/>\n---------------<br \/>\nSuggested REUTERS\/JEFFERIES CRB COMMODITY INDEX Trading Instruments:<br \/>\nNon Leveraged ETF's: (Long CRBQ) (Short the ETF CRBQ)<br \/>\nLeveraged ETF's: (Long) (Short CMD)<br \/>\nFutures: Contracts are available to trade this market. Contact your broker<br \/>\nOptions: Options Contracts are available to trade this market.Contact  your broker<br \/>\nWARNING: Liquidity is some ETFs is very thin. Contact your broker for  more information.<br \/>\n---------------<br \/>\nAs always, we rely on our market proven Trade Triangle technology for  catching the big moves.<br \/>\n---------------<br \/>\nDon't miss MarketClub TV every Wednesday right here on the <a href=\"http:\/\/tv.ino.com\/free\/video.html?vidid=livetv\" target=\"_blank\">MarketClub  Channel<\/a>.<\/p>\n<p>BE PART OF NEXT WEEK'S SHOW BY CALLING <span style=\"color: #ff9900;\"><strong>410-867-2100<\/strong><\/span> extension <strong><span style=\"color: #ff9900;\">129<\/span><\/strong>.<\/p>\n<p>* Give us your feedback.<br \/>\n* Tell us how you use MarketClub.<br \/>\n* Ask about markets.<br \/>\n* Ask about different indicators.<br \/>\n* Tell us how we can make the show better.<\/p>\n<p>Call <strong><span style=\"color: #ff9900;\">410-867-2100<\/span><\/strong> extension <span style=\"color: #ff9900;\"><strong>129<\/strong><\/span> today.<\/p>\n<p>---------------<\/p>\n<p>This is Adam Hewison for MarketClub and I'll see you tomorrow with my  mid-day market update. Don't forget to <a href=\"http:\/\/club.ino.com\/markets\/8-95-trial-offer-2\/?blog1013\" target=\"_blank\">enter for a free 1 year  subscription to MarketClub on a HP WiFi Tablet<\/a>.<\/p>\n<p>All the best,<br \/>\n<a href=\"http:\/\/club.ino.com\/trading\/about-adam-hewison\/\" target=\"_blank\">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 traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 13th of October. ------------- WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A HP WiFi TABLET ------------- The light volume rally that exceeded everyone's expectations in the equity markets has finally come to an end. We were [&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":[4071,3917,28,1961,1067,3839,3831,147,23,4072,307,2074,4053],"class_list":["post-9823","post","type-post","status-publish","format-standard","hentry","category-trading-tips","category-trading-videos","tag-8-95-trial","tag-crb","tag-crude-oil","tag-debt","tag-dollar","tag-donchian-channel","tag-dx","tag-fibonacci-resistance","tag-gold","tag-hp-tablet","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>Here&#039;s the Bottom Line, Nothing Has Really Changed - 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\/10\/heres-the-bottom-line-nothing-has-really-changed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here&#039;s the Bottom Line, Nothing Has Really Changed - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 13th of October. ------------- WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A HP WiFi TABLET ------------- The light volume rally that exceeded everyone&#039;s expectations in the equity markets has finally come to an end. We were [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2011\/10\/heres-the-bottom-line-nothing-has-really-changed\/\" \/>\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=\"2011-10-13T17:36:00+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=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2011\/10\/heres-the-bottom-line-nothing-has-really-changed\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2011\/10\/heres-the-bottom-line-nothing-has-really-changed\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"Here's the Bottom Line, Nothing Has Really Changed\",\"datePublished\":\"2011-10-13T17:36:00+00:00\",\"dateModified\":\"2011-10-13T17:36:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2011\/10\/heres-the-bottom-line-nothing-has-really-changed\/\"},\"wordCount\":1672,\"commentCount\":20,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"8.95 Trial\",\"CRB\",\"Crude Oil\",\"debt\",\"dollar\",\"Donchian Channel\",\"DX\",\"fibonacci resistance\",\"Gold\",\"HP tablet\",\"precious metals\",\"SP500\",\"William%R\"],\"articleSection\":[\"MarketClub Techniques, Tips &amp; 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Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 13th of October. ------------- WIN A FREE 1 YR SUBSCRIPTION TO MARKETCLUB ON A HP WiFi TABLET ------------- The light volume rally that exceeded everyone's expectations in the equity markets has finally come to an end. 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