Author: The INO.com Team

Stock Market Trades At Record Highs

Posted on by The INO.com Team

Hello Traders everywhere. Wall Street has extended its record setting gains into Monday. The gains today come on the heels of a record close last week where we saw the all three indexes close at record highs. The U.S. Dollar halted a two-day drop and Treasuries slipped as investors remain bullish on the American economy ahead of the Federal Reserve's policy meeting this week.

MarketClub's Mid-day Market Report

The markets focus now turns to the Fed meeting this week. While the central bank is widely expected to keep the benchmark rate unchanged, close attention will be paid to the chance of an increase later in the year and on whether officials will announce the start of a reduction in the bank’s $4.5 trillion balance sheet.

If you haven't read it yet, check out INO Contributor George Yacik's latest blog post where he shares his view on the coming Fed meeting.

Key levels to watch next week: Continue reading "Stock Market Trades At Record Highs" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

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.

Gold Futures

Gold futures in the December contract settled last Friday in New York at 1,351 an ounce while currently trading at 1,328 down about $23 for the trading week. For the 1st time in over a month prices traded lower and may have topped out in the short-term at 1,362 as profit-taking has ensued pushing prices lower this week. If you are long a futures contract, the chart structure has turned outstanding, and I would place my stop loss as an exit strategy below the 10-day low standing at 1,319 which is just about $10 away. Prices are still trading above their 20 and 100-day moving average as the trend remains higher in my opinion. The U.S. dollar traded sideways this week lending little support for gold prices as the story is all about North Korea and if or if they don't send a missile over the weekend sending prices higher or lower. There is still a high demand for physical gold at this time so continue to play this to the upside. Volatility in gold is relatively high as the higher price goes in a commodity, the higher the volatility as well that is why you can see $10/$15 trading ranges on a daily basis. Make sure you place the proper amount of contracts as I think the volatility will even increase throughout 2017.
TREND: HIGHER
CHART STRUCTURE: EXCELLENT
Continue reading "Weekly Futures Recap With Mike Seery" →

Hasbro - Future Catalysts Post Sell-Off

Posted on by The INO.com Team

Hasbro Inc. (NASDAQ:HAS) is the third largest toy marker in the world and develops many household brands and games such as the iconic Monopoly board game, G.I. Joe figurines, Play-Doh, and My Little Pony. Hasbro also has exclusive contracts with major movie studios such as Disney and Universal to develop and distribute toys. Hasbro develops toys for many of the multi-billion dollar movie franchises such as Marvel Universe, Star Wars, Disney Princesses, Frozen, Transformers and Jurassic World. Throughout 2017, Hasbro has witnessed a bullish run, up nearly 27% year-to-date however the stock sold off from its 52-week high of $116 to $93 or a 20% slide after reporting it most recent quarterly results. Hasbro has many catalysts in the near term with major movie franchises coming into the fray with upcoming Disney releases: Thor: Ragnarok and Star Wars: The Last Jedi to round out 2017. In 2018, Black Panther, Avengers: Infinity War, Star Wars Han Solo spinoff and Ant-Man and The Wasp to highlight a few major movies. Taking into account Hasbro’s growth, back-half of the year catalysts, trading at a P/E of ~20, boasting a 2.4% yield and initiatives within Hasbro Studios to propel growth further presents a compelling buy after this recent sell-off.

Major Disney Catalysts Ahead

With Q3 well under way and Q4 on the horizon (historically Hasbro’s strongest quarters), I think Hasbro can produce strong quarters moving into the back half of the year. It’s noteworthy to point out that Hasbro has exclusive rights with Disney to produce Marvel Comics and Star Wars toys which last through 2020 and Hasbro is also the licensed doll maker for the Disney Princess line (Moana and Frozen are included) which started on January 1st, 2016 (Figure 1). Continue reading "Hasbro - Future Catalysts Post Sell-Off" →

S&P 500 Teases 2,500 At Weeks End

Posted on by The INO.com Team

Hello Traders everywhere. The S&P 500 has been threatening to break through the all-important 2,500 level all week. After Monday’s large gain it’s had four straight days of gains only to close just shy of the mark. Will it be broken this afternoon? Who knows, but we may be off to the races if it does.

Early this morning, North Korea fired a second missile over Japan, but traders and the markets just shrugged it off as old hat. Even the traditional havens are on the decline today with gold losing a little over .040% on the day.

MarketClub's Mid-day Market Report

The next big catalyst on the horizon could be the Fed Federal Reserve’s meeting on Sept. 19-20. The Fed is scheduled to announce its latest decision on monetary policy next week. Most market participants do not expect a rate hike. However, the central bank is projected to announce the unwinding of its massive $4.5 trillion portfolio.

Key levels to watch next week: Continue reading "S&P 500 Teases 2,500 At Weeks End" →

S&P 500 Hits New Highs As Irma Weakens

Posted on by The INO.com Team

Hello Traders everywhere. The S&P 500 hit a record intraday high of 2,495.69 this morning aiming for the 2,500 level. This move has been led by gains in financial and industrial stocks after Irma weakened to a tropical depression, but declines technology stocks are weighing on the DOW and NASDAQ after significant gains on Monday.

Irma, which had rampaged through the Caribbean before making landfall in Florida as one of the most powerful Atlantic hurricanes, weakened to a tropical depression, diminishing concerns about the severity of its financial impact.

MarketClub's Mid-day Market Report

The market also seemed to breathe a sigh of relief after North Korea held off on a nuclear test over the weekend. This decision came on the heels of a successful test of a hydrogen bomb on Sept. 3, which in turn sparked outrage from the international community.

In response, the U.N. Security Council unanimously voted to cap North Korea's crude oil imports and ban its textile exports.

Key levels to watch this week: Continue reading "S&P 500 Hits New Highs As Irma Weakens" →