Merry Christmas To All Of Our Traders Blog Visitors!

Merry Christmas From MarketClubWith all the hustle and bustle, it's sometimes difficult to remember the real reason for the season. But regardless of what you believe and what religion you practice, if any, we hope you find yourself surrounded by love. The INO.com staff is very appreciative of your interest and we love having you return to our blog time and time again.

As you share a meal, or a gift, please reflect on all you have despite the many things you hope that 2017 will bring. Merry Christmas to you and we are excited to help you build your financial goals and trading confidence.

If you don't celebrate Christmas, please accept our most genuine wishes for any happy holiday and a prosperous new year!

Best,
The INO.com Team
support@ino.com

Don't Miss This Week's Political Play

For traders and investors, the political climate has been unlike anything we have ever seen in recent times!

There are plenty of opportunities if you know where to look. Our analyst, Noah Keidrowski, will bridge the gap between Washington and Wall Street, finding you the best stock plays being driven by politics.

Political Plays is absolutely free, you just need to tell us where to send these bi-weekly picks.

Send me these free stock picks.

Sneak Peek - In the Current Issue:

Companies are aiming to strike transformative acquisitions in light of one of the most pro-business administrations in recent history.

Noah Keidrowski reviews three potential billion-dollar acquisitions that could set off a chain reaction of consolidation for industry giants and drive up the share price of a handful of stocks.

Want to know what these stocks are? We'll send you the most recent issue right away and you'll be one of the first to receive his next issue!

Stock Market Marches Higher

Hello traders everywhere. All three of the major indexes are marching along to record highs and looking to close the week out at record highs. This move higher is primarily due to Tax Reform, which is expected to be delivered by the GOP this afternoon.

Once delivered the Republican leaders hope to hold a vote on the legislation in the full House and Senate next week. President Donald Trump touted a tax cut regularly during his campaign and wanted an approved bill on his desk for his signature before Christmas.

It would be Trump's first major legislative victory since taking office in January.

MarketClub's Mid-day Market Report

Bitcoin is close to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9% on the day, even as warnings grow over the risks of investing in the highly volatile and speculative instrument. This record push is partly due to the CME futures that are going to start trading on Sunday, which should see significant trading vs. the lighter volume that the CBOE saw last week.

Key levels to watch next week:
S&P 500 (CME:SP500): 2,598.87
Dow (INDEX:DJI): 23,545.02
NASDAQ (NASDAQ:COMP): 6,734.13
Gold (NYMEX:GC.G18.E): 1,242.30
Crude Oil (NYMEX:CL.F18.E): 57.83
U.S. Dollar (NYBOT:DX.H18.E): 92.13
Bitcoin (CME:BRTI): 8,889.74

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

Bank Stocks Lead The Way

Hello traders everywhere. Traders have apparently decided that an old standby is where they want to invest vs. the hottest sector of 2017. That old standby, the big banks.

I opened MarketClub's Top Stocks list this morning after the DOW and S&P 500 opened significantly higher to find that Bank of America (NYSE:BAC) was sitting at the top. In fact, three of the top 5 were big banks. It's a far cry from the tech sector that has been all the rage until recently.

MarketClub's Mid-day Market Report

This change in sentiment is primarily due to tax reform. On Saturday the Senate approved their version of the tax bill in a narrow 51-49 vote after a lot of work on the hill. Once the Senate and House of Representatives reconcile their respective versions of the legislation, the resulting bill could cut corporate tax rates to 20% from 35%.

The GOP, however, still needs to overcome future obstacles for the Senate and the House to craft a joint bill, which will then be presented to President Donald Trump. Republicans hope a deal will be achieved by Christmas.

Key levels to watch next week: Continue reading "Bank Stocks Lead The Way"