Author: The INO.com Team

Hello traders everywhere. The Wall Street Journal reported that the Federal Reserve is closer than expected to ending its balance sheet unwind. The Fed's decision is a key consideration for investors as they gauge the extent to which the central bank will tighten its monetary policy moving forward.

That news has spurred the stock market higher with all three major indexes up over one percent on the day. This week ending push higher could help all three indexes finish with weekly gains. As it stands right now the DOW is in positive territory with a weekly gain of +.50% marking it's fifth straight weeks of gains, but the S&P 500 and NASDAQ are just barely sitting in negative territory.

Key Levels To Watch Next Week:

• S&P 500 (CME:SP500): 2,524.56
• Dow (INDEX:DJI): 23,304.59
• NASDAQ (NASDAQ:COMP): 6,741.40
• U.S. Dollar (ICE:DX): 96.52
• Gold (NYMEX:GC.G19): 1,278.90
• Crude Oil (NYMEX:CL.H19): 53.94
• Bitcoin (BITCOIN:BITSTAMPUSD): 4,112.00

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

Hello traders everywhere. What looked to be a positive day for the stock market has quickly turned negative. The DOW was up as much as 296 points in early trading, all but erasing Tuesday's losses, only to fall into negative territory as afternoon trading commenced. Tuesday saw the worst single-day losses for the stock market since Jan. 3 of this year with all three indexes losing over one percent, ending four straight days of gains. Both the S&P 500 and NASDAQ are trading in negative territory as well.

The U.S. dollar has flattened out this week after posting a weekly gain last week, the first weekly gain in four weeks. Uncertainties over trade and the global economy will probably keep the dollar in a tight trading range.

Crude oil has had back to back daily losses over 1%, and it issued a new red daily Trade Triangle on Tuesday at $52.37 signaling that a short-term sidelines position is in order. Oil has shed The reason for the move lower, weak Chinese and South Korean economic data and the International Monetary Fund (IMF) cutting its forecasts for the global economic growth to 3.5% in 2019 and 3.6% in 2020. Continue reading "Early Stock Market Gains Fade" →

Hello traders everywhere. The stock market got a late morning boost when Bloomberg reported that a China deal may be close. China has offered to go on a six-year buying spree ramping up imports from the U.S., that move would reconfigure the relationship between the world's two largest economies, according to officials familiar with the negotiations.

By increasing goods imports from the U.S. by a combined value of more than $1 trillion over that period, China would seek to reduce its trade surplus, which last year stood at $323 billion, to zero by 2024. The officials asked not to be named as the discussions aren't public.

That news has propelled the major indexes to their highest levels of the week and capping off the fourth straight week of gains. The S&P 500, DOW, and NASDAQ will all post weekly gains of +2.9%. However, they still have some work to do to trigger new green monthly Trade Triangles.

For the first time in four weeks, the U.S. dollar is posting a gain, currently standing at +.74%. The dollar was boosted by news of the China deal, positive manufacturing data showing the biggest gain in ten months, and comments from New York Federal Reserve President John Williams. Williams called for "patience and good judgment" before raising rates, adding he expects "strong" and "healthy" economic growth for this year. Continue reading "Proposed China Deal Boosts Stocks" →