Author: The INO.com Team

This Is The Best Indicator I Know

Posted on by The INO.com Team

For the last few weeks Todd Gordon of TradingAnalysis.com has been tracking the S&P 500 in a correction that sets up the next down wave down. The market has been rallying within the confines of the correction sending the level of hate mail, tweets, and YouTube comments into a technically overbought condition. This is a very rare occurrence, but when it does happen it suggests a reversal is imminent.

In this video he shows you that with the proper option strategies, you can be wrong in your analysis and still make money. Todd also shows you where the market is likely headed.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

It's Judgment Day For The Federal Reserve

Posted on by The INO.com Team

Today's the day that many have been waiting for... judgement day for Janet Yellen and the Federal Reserve. I thought we would do a simple poll today to see which way everyone here thinks the Fed will vote.

Will the Federal Reserve vote to raise intrest rates today?

View Results

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Please take a moment to vote and as always, I would love to hear your thoughts on the Fed decision.

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

Nobody Knows The Data We've Seen

Posted on by The INO.com Team

That could well be the Fed's dilemma as it wrestles with the problems it sees with its data series. It's Wednesday and no one has a clue as to what the Fed is going to do. More importantly, no one knows what the market is going to do in reaction to what the Fed may or may not do.

So as traders, what should we be doing?

The important thing to remember is that you have many days to trade the markets and put on new positions, you don't have to do it today or just before the Fed's big announcement. No one is saying that you have to trade today.

The move yesterday in the markets was somewhat surprising, but did not change the overall direction of the Dow or the S&P 500. In the case of the NASDAQ, yesterday's move did change things in terms of the Trade Triangles. The NASDAQ is officially on the sidelines based the new weekly green Trade Triangle. In regards to the other two major indices, everything remains the same, you should either be short or out of the market on the Dow and the S&P 500. Continue reading "Nobody Knows The Data We've Seen" →

Sorry Guys, I Am Not Drinking The Kool-Aid

Posted on by The INO.com Team

Yesterday, the market was remarkably quiet and lulled everybody into a sense of complacency. Well, I'm sorry I'm not going to drink the Kool-Aid because I still think we are going to see a push to the downside in the markets.

With all of the Trade Triangles in a negative mode and the weekly pattern indicating stocks should finish lower for the week, I see little to get excited about.

Everyone is waiting for Thursday and to see what the Fed is going to do. Even the best minds in the industry are split on what the Fed is likely to do on Thursday. My view is that they are just going to leave everything the way it is. The Fed is like a deer frozen in the headlights of a car and incapable of moving one way or another. What I suspect they will say is that they need more data, which I think is a cop out. Continue reading "Sorry Guys, I Am Not Drinking The Kool-Aid" →

If This Same Pattern Repeats, Watch Out!

Posted on by The INO.com Team

For the past nine weeks, the Dow and S&P have been repeating a pattern that if repeated this week, will spell trouble for the markets. The market has been going up and down in a somewhat regular fashion. If you look at a weekly chart of the Dow and S&P, you can see that they have not had two consecutive weeks closing in the same direction, either on the downside or the upside.

Last week we saw the indices close higher for the week and if the pattern repeats, this should be a down week with a lower weekly close.

Here are the key levels to watch today. Should these levels be broken, I would expect the markets to accelerate to the downside. Continue reading "If This Same Pattern Repeats, Watch Out!" →