Author: The INO.com Team

Stocks End Week With A Thud

Posted on by The INO.com Team

Stocks ended the week and the month of April with a thud on Friday as traders took profits amid a flurry of better-than-expected earnings results from the biggest names in the market. The S&P 500 fell -0.7% to 4,181.17, while the DOW shed -.54% or 185.51 points to close at 33,874.85, and the NASDAQ dropped -0.9% to 13,962.68.

On a weekly level, the S&P 500 was able to eke out a gain of +.02% marking 3 out of 4 positive weeks in April. The DOW and NASDAQ didn't fare well, both losing -.50% and -.39%, respectively.

While that may be disappointing, the bigger picture tells a different story. If you look at the monthly charts, The S&P 500 gained +5.24% while the DOW rose about +2.7% this month, and the NASDAQ gained +5.4% in April.

Key Levels To Watch Next Week:

Continue reading "Stocks End Week With A Thud" →

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Posted on by The INO.com Team

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Weekly Stock Market Forecast

Posted on by The INO.com Team

This week we have a stock market forecast for the week of 4/25/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

SPY Daily Chart - Stock Market Forecast

After the market’s recent Fed-induced “melt-up,” S&P 500 (analyzed here using SPY) is processing a new short-term top as traders react to its absurdly overbought levels.

My short-term forecast is as seen in the daily chart here. The rally will likely find strong resistance and begin to either correct or form a range near highs. Continue reading "Weekly Stock Market Forecast" →

Stock Market Rallies To End Volatile Week

Posted on by The INO.com Team

The stock market rebounded Friday after what was a volatile week for the market. Why all the volatility? It came from multiple news reports Thursday afternoon that President Joe Biden is slated to propose much higher capital gains taxes for the rich. That news sent stocks plummeting, with the DOW falling as much as 460 points before finally closing down 321 points on the day.

However, on Friday the DOW gained 227.59 points or +0.7%, to 34,043.49. The S&P 500 rose +1.1% to 4,180.17, while the NASDAQ climbed +1.4% to 14,016.81.

On a weekly level, the S&P 500 closed the volatile week with just a -0.1% loss, while the DOW and the NASDAQ fell -0.5% and -0.3% for the week, respectively.

The other big story for the week is Bitcoin's sudden sell-off; now, whether that was due to the news of the proposed capital tax increase or just profit-taking is up for debate, the cryptocurrency fell over -13% this week, hitting a new 3 week low of 47,555.00. However, the Trade Triangles got out of the trade issuing a new red weekly Trade Triangle at 54,677.51 early in the week, signaling a move to the sidelines.

Key Levels To Watch Next Week:

Continue reading "Stock Market Rallies To End Volatile Week" →

Rolling Trades: Removing The Negative Connotation

Posted on by The INO.com Team

Rolling option trades has a negative perception in the options world. The act of rolling an options trade does not deserve the negative connotation it has garnered over the years. Rolling can serve as a valuable tool in a comprehensive options strategy. Inevitably, when trading options, an option’s strike will be challenged, and when this occurs, one may need to act to circumvent a potential loss. These potential losing trades can be managed effectively to avoid losses altogether via rolling. Given the right set of circumstances, trades can be rolled by closing out the pending trade for a debit and subsequently opening a new trade with a later date and further out-of-the-money strikes for an overall credit.

Options provide a statistical edge to the option seller’s advantage. When the option strike is challenged, this statistical edge is negated and must be reset by rolling a trade to reestablish this edge and subsequent advantage. Rolling out to a later date and further out-of-the-money strikes allows more time for the trade to work through the unexpected price excursion. Options trading enables traders to define risk, leverage a minimal amount of capital, and maximize return on investment. Options trading can create smooth and consistent portfolio appreciation without predicting which way the market will move. Options enable one to generate consistent and durable monthly income in a high probability manner in both bear and bull market scenarios, and rolling is part and parcel to this overall options-based approach. Rolling trades seldomly occurs, and over the past 12 months, only 7 trades were rolled while only 3 of those 7 were required (e.g., the strike remained breached at expiration).

Rolling Trades
Figure 1 – Overall rolled option metrics from May 2020 – April 9th, 2021, including rolled trades
Continue reading "Rolling Trades: Removing The Negative Connotation" →