Author: The INO.com Team

3 Trending Tech Stocks To Watch

Posted on by The INO.com Team

It is no secret that many tech/Internet stocks have been beaten up over the last several months and that action has pushed the NASDAQ index into a bear market phase. However, not all tech companies are in downtrends. I have three tech stocks that are in decidedly bullish trends and I will be discussing them today.

The first stock I will be looking at is Apple (NASDAQ:AAPL). It would seem that Apple had lost its way since Steve Jobs' passing, but yesterday’s closing over $600 puts a little bit more mojo into the stock of Apple. Now remember, this stock is going to split and there's all kinds of things going on with it. The important element for me is the general trend, which according to the Trade Triangles is positive.

The next stock I will be looking at is Cisco Systems (NASDAQ:CSCO). While not as sexy as Apple, this stock appears to have good upward momentum and looks to be moving higher from current levels. Continue reading "3 Trending Tech Stocks To Watch" →

Ink + Paper Doesn't Equal Value: Prechter on Fiat Money

Posted on by The INO.com Team

By: Elliott Wave International

My dad will turn 84 this year. When he was born, you could walk into a Federal Reserve Bank or the Treasury and redeem your paper money for gold. It actually said you could on every piece of U.S. paper currency:

"Redeemable in gold on demand at the United States Treasury, or in Gold or lawful money at any Federal Reserve Bank."

You can't do that today, which helps explain why my dad is so grumpy.

But, seriously, I mention my father to make it personal. The move away from the gold standard did happen in the lifetime of some folks who are still around. Is that such a big deal?

Well, it is a big deal when the government unilaterally changes all economic and financial transactions, from having a basis in something, to ... Continue reading "Ink + Paper Doesn't Equal Value: Prechter on Fiat Money" →

The Summer Doldrums: Are They Here Already?

Posted on by The INO.com Team

It would appear that the summer doldrums have arrived early this year as we are seeing choppy, directionless markets with no clear-cut trends at the moment. Certainly, the equity markets are taking their time to continue their uptrends, like the Dow and the S&P 500. Only the NASDAQ is in a clear downtrend according to the Trade Triangle technology.

This morning there is a new weekly Trade Triangle in Crude Oil (NYMEX:CL.N14.E), which indicates that the trend is now on the upside in this commodity. This new buy signal comes at a time when summer driving in the states will be at an all-time high for the year. The high price of crude, which is well over $100 a barrel now, could be a thorn in the side of the economy. I will be monitoring this situation very closely as oil prices affect many areas of the economy.

Gold (FOREX:XAUUSDO) continues moving sideways, but is forming an interesting technical chart picture. I will be discussing the potential technical pattern I see in today's video. Gold has resistance around $1,315.52 and support appears to be coming in at $1,280.00. Again, this is a market I am monitoring very carefully as Q2 has been a very good quarter for trading gold using MarketClub's Trade Triangles in the past.

In regard to the US Dollar vs the Euro Continue reading "The Summer Doldrums: Are They Here Already?" →

Chart of The Week - Live Cattle

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Live Cattle Futures Will Continue to Rise Throughout the Summer.

This week's focus turns to August Live Cattle Futures. I am sure many readers have seen the price of beef steadily increasing, especially as of late. In recent years, the state of Texas has been experiencing severe drought conditions which have significantly depleted the state's water source and has limited the amount of cattle that it produces. These conditions have caused ranchers to limit the amount of cattle output, or in some cases close up shop completely. We've had less and less supply to consume which has caused Live Cattle prices to steadily rise.

Over the coming summer months, I expect this trend to continue. US cattle herds are currently at a 54 year low. Along with already tight supply fundamentals, there have been almanac predictions for exceptionally hot conditions across much of the country, Texas included, in late June and through the month of July. The extreme seasonal weather that much of the country saw this past winter is expected to continue throughout the summer. I think that the conditions in Texas will continue to keep supply tight and increase the price of Live Cattle into the month of August.

The case for a bullish Live Cattle market is also strong on the technical side. We have seen a steep uptrend in Live Cattle futures since late last year. In the past 2 weeks, the market has consolidated its bullish move to form a perfect pennant pattern which is a continuation signal. If the market breaks this pennant formation strongly to the upside, the next near-term target would be 146.00. Continue reading "Chart of The Week - Live Cattle" →

Yellen's Wand Is Running Low on Magic

Posted on by The INO.com Team

By Doug French, Contributing Editor

How important is housing to the American economy?

If a 2011 SMU paper entitled "Housing's Contribution to Gross Domestic Product (GDP)" is right, nothing moves the economic needle like housing. It accounts for 17% to 18% of GDP.

And don't forget that home buyers fill their homes with all manner of stuff—and that homeowners have more skin in insurance on what's likely to be their family's most important asset.

All claims to the contrary, the disappointing first-quarter housing numbers expose the Federal Reserve as impotent at influencing GDP's most important component.

The Fed: Housing's Best Friend

No wonder every modern Fed chairman has lowered rates to try to crank up housing activity, rationalizing that low rates make mortgage payments more affordable. Back when he was chair, Ben Bernanke wrote in the Washington Post, "Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance."

In her first public speech, new Fed Chair Janet Yellen said one of the benefits to keeping interest rates low is to "make homes more affordable and revive the housing market." Continue reading "Yellen's Wand Is Running Low on Magic" →