"We must find the time to stop and thank the people who make a difference in our lives."
- John F. Kennedy
Happy Thanksgiving to all you from everyone here at INO.com. We hope that you have a great day with your friends and family.
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"Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe to assure the survival and the success of liberty."
- John F. Kennedy
INO.com would like to acknowledge all of our veterans, fallen and living, and thank you for all that you do for this great nation!
Hello traders everywhere. The U.S. stock market is posting its most significant decline in 10 weeks after a batch of lackluster earnings reported today. Turmoil over President Trump’s tax reform bill has retaken center stage giving traders reason to take pause.
Some of the notable earnings today are: Continue reading "Stocks Fall On Lackluster Earnings"
Hello traders everywhere. All three indexes are positioned to post record closes today on the back of a passed budget by the U.S. government and renewed hopes of tax reform. The dollar and Treasury yields are heading higher as President Trump closes in on naming the next Fed chair. Will Janet Yellen, the sitting chairman, survive or will we get a new chair? Check out INO.com Contributor George Yacik's article on the looming decision.
Meanwhile, sales of previously owned U.S. homes increased unexpectedly in September, showing demand is stabilizing in the aftermath of hurricanes Harvey and Irma. The National Association of Realtors said on Friday existing home sales rose 0.7% to a seasonally adjusted annual rate of 5.39 million units last month. August’s sales pace was unrevised.
Economists polled by Reuters had forecast that sales would fall 1% to a rate of 5.30 million units last month. Sales were down 1.5% from September 2016, the first year-over-year decline since July 2016.
Key levels to watch next week: Continue reading "Stock Market Poised To Close At Record Highs"
With today being Friday the 13th, I thought it would be fun to see to if our readers had any trading superstitions. I've heard all kinds superstitions over the years such as, never trade in the first 30 minutes, never set stop-losses on round numbers, don't triple dip a stock, and never sell a stock crossing past $90. And then we have mine, I never buy a stock on Friday or at the open on Monday. It seemed that every time I tried to I end up on the wrong end of the trade. Maybe I just have bad luck!
I would like to know...
Take a second to vote, then leave a comment with your trading superstition or any superstition that you may have. I bet we have some good ones out there.
INO.com and MarketClub.com