S&P 500
1648.35
-7.00 -0.42%
Dow Indu
15284.10
-23.07 -0.15%
Nasdaq
3455.68
-7.62 -0.22%
Crude Oil
93.50
-0.78 -0.83%
Gold
1385.11
+17.96 +1.31%
Euro
1.29433
+0.00963 +0.75%
US Dollar
83.713
-0.571 -0.73%
Weak

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

May 22, 2013 By Leave a Comment

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...]

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Today's Video Update: Yahoo Bets A Billion

May 20, 2013 By Leave a Comment

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...]

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Weekly Futures Recap W/Mike Seery

May 17, 2013 By Leave a Comment

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Precious Metal Futures--- The precious metals fell out of bed this week especially gold which finished down for the 6th consecutive day trading far below its 100 day moving average all due to the fact that the U.S dollar hit another contract high today trading up nearly 70 points again today as investors are fleeing out of gold and taking that money and placing it in the U.S dollar and the S&P 500 which is hitting another record high again today. Gold futures for the June contract settled last Friday at 1,436 finishing down about $70 for the week trading at 1,362 hitting a 2 year low with a possible retest of 1,321 which was hit on April 16th of this year. Investors see no reason to own gold at this point in time when you can buy the stock market which seems to go up every single day, however the real story is large hedge funds including George Soros which have been liquidating their gold positions in recent weeks and that is also putting pressure as investors are taking money out of the ETF gold market. [Read more...]

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

May 17, 2013 By 2 Comments

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...]

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Today's Video Update: The Beat Goes On

May 15, 2013 By Leave a Comment

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...]

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

May 13, 2013 By Leave a Comment

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...]

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Weekly Futures Recap W/ Mike Seery

May 10, 2013 By 1 Comment

We’ve asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Precious Metals--- The precious metals in New York sold off sharply with gold down nearly $36 an ounce to settle around 1,433 down nearly $35 for the trading week which is basically all in today’s session as the U.S dollar has rallied sharply in 2 days while the Japanese Yen is hitting a 5 year low selling off nearly 300 points in the last 2 trading sessions. Gold futures for the June contract are trading below their 20 and 100 day moving average right near a 3 week low still extremely volatile and very choppy and I’m still advising traders to sit on the sidelines at this point in time and there still the possibility that gold could retest the mid-1300s before stabilizing. Silver futures were down about $.35 for the trading session after settling last Friday at 24.02 down nearly $.40 for the trading week trading below their 20 and 100 day moving average and still basically stuck in a 3 week channel really in a directionless trade I’m also advising traders to sit on the sidelines in this market until it has improving chart structure. Copper futures were one of the bright metals this week trading above its 20 day moving average but below its 100 day moving average which is currently at 3.56 pound after settling last Friday at 3.31 finishing slightly higher for the week which is impressive in my opinion since many of the commodity markets this Friday were sharply to the downside. [Read more...]

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

May 10, 2013 By 2 Comments

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...]

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

May 8, 2013 By 8 Comments

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...]

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Today's Video Update: Stocks Subdued After Record Week

May 6, 2013 By

Hello traders everywhere! Jeremy Lutz here, with your mid-day market update for Monday, the 6th of May.

Stocks are little changed after record week
The stock market cleared new milestones Friday after the government reported that employers added more workers. However, that hasn't translated into a strong Monday open as investors turned more cautious, focusing once again on the problems facing the global economy. Though growth in the U.S. is holding up well, it is slowing in China. The 17 country Eurozone remains in recession and unemployment there has been hitting a series of record highs.

Watch Today's Video Update Here

On Investor's Minds:
United States - homegrown terrorists
North Korea - an agent for China?
Europe - ITALY has a government. YEAH!
The FED - OMG do they know what they are doing?
May 19th – Debt ceiling suspension expire

Every Success,
Jeremy Lutz

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