Author: The INO.com Team

Today's Video Update: J.C. Penney & Sears report earnings this week...guess which one I'm interested in?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 16th of August.

The meltdown last week, the worst in 14 month for the markets, was not a good one for most investors, but it was not unexpected based on our Trade Triangle technology. This week, it's a whole new picture for the markets as we have earnings coming out on some big box retailers, JC Penney (NYSE:JCP) on Tuesday and Sears (NASDAQ:SHLD) on Thursday. Continue reading "Today's Video Update: J.C. Penney & Sears report earnings this week...guess which one I'm interested in?" →

Today's Daily Update: Is Gold Indicating Trouble Ahead?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 16th of August.

As another trading week comes to a close, it is worth noting that gold is closing at a nine week high for a Friday. I believe that this is a significant event, and believe that gold has now put in a base to move higher later this year and next year.

It's a little ironic that hedge fund traders, like George Soros, recently divested themselves of their long gold positions, as it now appears that the market has put in a major base and wants to move higher. Continue reading "Today's Daily Update: Is Gold Indicating Trouble Ahead?" →

Warnings of slower sales drive down U.S. stocks

Posted on by The INO.com Team

Warnings of weaker sales from two major companies and concern that the Federal Reserve will soon start withdrawing its support for the economy pummeled the stock market Thursday. The Dow Jones industrial average slumped 225 points, its worst day in nearly two months.

Before the start of trading, Wal-Mart cut its estimates for annual revenue and profit, warning that cautious shoppers are spending less. The news followed a disappointing revenue forecast from Cisco Systems late Wednesday.

In a twist, more signs of resilience in the U.S. economy drove long-term interest rates to their highest level in two years and wound up rattling the stock market. Reports on inflation and the job market appeared to raise the odds that the Fed would begin winding down its massive bond-buying program next month. Many investors think that the Fed's effort has underpinned the stock market's record run. Continue reading "Warnings of slower sales drive down U.S. stocks" →

Today's Daily Update: George Soros Jumps On The Apple Bandwagon

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Thursday, the 15th of August.

First, Carl Icahn tweeted that Apple shares were "undervalued" and shortly after, George Soros disclosed he was accumulating more shares of Apple, while at the same time dumping his gold ETF shares.

Here we have two Wall Street titans whose average age is 80 years old. You have to love that these two guys are really shaking up the tech world showing traders around the world how it is still possible to trade at their age. Now, I'm sure they don't actually make the trades themselves, but like many traders they have others to pull the trigger. They are both doing a great job and I congratulate them both for showing the world that life begins at 80! Continue reading "Today's Daily Update: George Soros Jumps On The Apple Bandwagon" →

Warnings of slower sales sends U.S. stocks lower

Posted on by The INO.com Team

Warnings of weaker sales from two major companies and concern that the Federal Reserve could pull back its support for the economy sent the stock market spiraling lower Thursday.

Before the start of trading, Wal-Mart cut its estimates for annual revenue and profit, warning that cautious shoppers are spending less. The news followed a revenue forecast from Cisco Systems late Wednesday that was weaker than Wall Street expected.

The Standard & Poor's 500 index was down 20 points, or 1.2 percent, to 1,666 at noon Eastern Daylight Time.

The selling swept across all 10 industry groups in the index, and 93 percent of the index's 500 stocks fell.

The Dow Jones industrial average lost 177 points, or 1.2 percent, to 15,159. The Nasdaq composite index fell 52 points, or 1.4 percent, to 3,618. Continue reading "Warnings of slower sales sends U.S. stocks lower" →