S&P 500
1639.04
+12.31 +0.75%
Dow Indu
15179.85
+109.67 +0.72%
Nasdaq
3451.04
+27.48 +0.80%
Crude Oil
98.07
+0.04 +0.04%
Gold
1380.67
-2.52 -0.18%
Euro
1.3355
+0.0001 +0.01%
US Dollar
80.775
+0.142 +0.18%
Strong

Today's Video Update: Target And Lowe's Both Miss... Who's Next?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 22nd of May.

Target and Lowe's Both Miss
Both Target (NYSE:TGT) and Lowe's (NYSE:LOW) missed their estimated earnings this morning and disappointed Wall Street. Both companies blamed the miss on bad spring weather. I guess you have to point to something when you miss what everyone is expecting. We will be looking at Target and Lowe's today. [Read more...]

Today's Video Update: Yahoo Bets A Billion

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 20th of May.

Yahoo Bets A Billion
Marissa Mayer, president and CEO of Yahoo, is making a big bet today on a six year old company that is rapidly running out of money. Yahoo (NASDAQ:YHOO) is committing up to one third of its cash to buying the micro-blogging website, Tumblr, for 1.1 billion. Tumblr has approximately 108 million blogging sites and by all accounts will increase Yahoo's traffic by 20%. The key of course is whether or not Yahoo can make money from their decision to purchase Tumblr, as revenues for this stock last year only totaled $13 million. I think you will agree that spending $1.1 billion to get an income of $13 million does not make a lot of sense. We are going to let the market tell us what it thinks of this acquisition and how well Yahoo can monetize its base. Yahoo's stock has done well this year and we have been bullish on it for sometime. It remains to be seen whether the recent upward trajectory will continue and remain intact with Marissa's big bet. We will be looking at Yahoo today. [Read more...]

Today's Video Update: Are You Planning On Buying An Electric Car?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 17th of May.

Tesla Soars As Excitement Builds For Electric Cars
This week, Tesla Motors (NASDAQ:TSLA) soared as investors rushed into buying shares of America's only electric car company. Shares of Tesla jumped 19.72% for the week as of this writing and are closing in on new high ground. Of course, this must make Elon Musk and investors in this stock very, very happy. You may want to take a look at my earlier video on Tesla (NASDAQ:TSLA) here.

Gold Loses Big Time This Week
The price of gold plummeted this week with losses of over 5% as investors jumped out of this once precious metal and into US and Japanese stocks. If gold closes where it is currently trading at $1,363 on the spot market, it will represent a new low weekly close for the year. Such a close would indicate further downside pressure for this metal. Technically, we cannot rule out a test of the $1300 level. [Read more...]

Today's Video Update: The Beat Goes On

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 15th of May.

Google Music?
Word on the street is that Google (NASDAQ:GOOG) is set to announce today a new streaming music service, one that will compete against Pandora and Spotify. Once again, it seems as though Google wants to be everything to everybody, and whether Google can compete in the music business and be successful remains to be seen. Should you buy or sell Google? If you haven't watched my Google trading video on how to trade Google successfully, you can watch it here.

The Beat Goes On
Stock prices hit a high yesterday as more and more disenfranchised short sellers are covering their shorts and exiting this market. So far, this market has not yielded to any downside pressure or correction to the surprise of many professional traders. What I do know, is that trends tend to persist longer than expected, and that they don't ring a bell at the top of any market. In a recent blog poll, we asked readers what they thought of the market: [Read more...]

Today's Video Update: Forget Stocks, the Name of the Game is the Value of Money

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 13th of May.

The Aussie Dollar Crashes
Today we are going to take a look at the Aussie dollar to understand why it closed last Friday at its lowest levels since June 2012. This market clearly is on the defensive as Australia re-tools its economy with a lower priced currency. By lowering its currency, Australia hopes, like Japan, to jump start its economy. A less expensive Aussie dollar should help make Australian exports more competitive and more attractive, particularly to China, which is its main trading partner.

This particular trade could be one of the best trades of 2013. If you haven't seen last week's Aussie Dollar video, you can watch it here.

The Trend Continues In The Yen
The US dollar moved to its best levels in five years against the Japanese Yen, as the Yen reached 102 early this morning in overseas trading. The Japanese Yen has been on the defensive against the US Dollar since last October, when our Monthly Trade Triangle kicked in and the Dollar began to accelerate its gains against the Yen. I believe that this market, which is very overbought, is getting close to a target zone around the 103.00 level. I would now expect the 100.00 level to act as a floor for the US dollar. [Read more...]

Today's Video Update: Is The Market Running Out Of Gas?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 10th of May.

Running Out Of Gas Or Is Complacency Setting In?
The market has two enemies, gravity and complacency. It would appear as though complacency in this market is becoming more and more of the norm, which is a definite danger and warning sign. The type of complacent attitude we are seeing tends to give birth to the market's second enemy, gravity. Earlier this week, we produced a short video explaining how a simple technical formation known as a "parallel channel" may be indicating that we are close to an interim top for this market. [Read more...]

Today's Video Update: Is a Parallel Channel Indicating a Top For This Market?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 8th of May.

Is a Parallel Channel Indicating a Top For This Market?
One of the biggest enemies of investors is being too complacent. I feel that this malady is very much the case in today's market. I believe investors should be concerned and should be using money management stops on all of their long positions. We have not seen any type of significant pullback since the recent low on April 18th. In today's daily update, we are going to be looking at a parallel channel, which could be marking a new term top for this market. The parallel channel started in mid November of last year and has remarkably contained most of the action for the past six months. I think you'll find this video to be particularly interesting today.

Watch Today's Video Update Here

 

Is Gold Putting In a Bottom? [Read more...]

Today's Video Update: Jobs Report Sends Market To All-Time Highs

Hello traders everywhere! Jeremy Lutz here,  with your mid-day market update for Friday, the 3rd of May.

U.S. Employers Add 165K Jobs
U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the government first estimated. The job increases helped reduce the unemployment rate from 7.6 percent to a four-year low of 7.5 percent.

The Labor Department report is seen as a reassuring sign that the U.S. job market is improving despite higher taxes and government spending cuts that took effect this year.

Watch Today's Video Update Here

The government revised up its estimate of job gains in February and March by a combined 114,000. It now says employers added 332,000 jobs in February and 138,000 in March. The economy has created an average of 208,000 jobs a month from November through April  above the 138,000 added in the previous six months. [Read more...]

Today's Video Update: What's Going To Kill This Bull Market?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 1st of May.

Fed Reports at 2pm ET
Today at 2pm, the Fed will announce its intentions with its bond buying program. I am expecting the Fed's decision will remain pretty much unchanged.

What's Going To Kill This Bull Market?
I would not expect to see any groundbreaking news coming out of today's Fed announcement. However, the Fed is going to be the one that kills this improbable bull market. It would appear that most people are still not sure the economy is good and corporate America is certainly on that same band wagon. Corporate America has cut expenses to the bone and we don't believe they're going to have any more room to cut costs. Any future growth is going to have to come through growing profits, which is at the moment, a difficult proposition. Thank goodness for technical analysis and our Trade Triangle technology, which has captured most of the move in the indices and major stocks. [Read more...]

Today's Video Update: GDP Misses, But The Fed Will Buy Us Out Of Slow Growth Right?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 26th of April.

GDP Slows
Gross Domestic Product (GDP) expanded at a tepid 2.5 percent annual rate, the Commerce Department reported on Friday, after growth nearly stalled at 0.4 percent in the fourth quarter. The dismal increase missed economists' expectations for a 3.0 percent growth pace. I guess a trillion dollars a year in stimulus spending doesn't get you very much anymore. Not to worry, as the Fed is supporting stock prices and that's all that seems to matter to this administration. [Read more...]

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