Author: The INO.com Team

Stocks edge lower as investors wait on Fed

Posted on by The INO.com Team

The stock market is waiting on the Fed.

Major indexes drifted lower in midday trading Wednesday as traders wondered what the Federal Reserve will say about the U.S. economy and the central bank's huge stimulus program this afternoon.

The U.S. central bank will release its latest policy update at 2 p.m. Eastern Daylight Time and Bernanke will speak at a press conference thirty minutes later. Comments by Bernanke last month suggesting the central bank may soon ease that support unsettled investors and caused this year's rally in stocks to stall.

"All eyes are on Bernanke and markets are being held hostage until he speaks," said Joseph Tanious, Global Market Strategist at J.P. Morgan Funds.

The Fed has been buying $85 billion of bonds a month to support an economy that is still struggling to grow faster following the Great Recession.

The Dow Jones industrial average fell 19 points, or 0.1 percent, to 15,298 as of 12 p.m. Eastern Daylight time. Continue reading "Stocks edge lower as investors wait on Fed" →

Crude Oil Breakout & Some Implications

Posted on by The INO.com Team

At the moment, crude oil seems to be acting as a free agent instead of in concert with the commodity complex that would play a role in signaling the effects (or lack thereof) of the inflation to date.  The target off this formation, if it holds, is 110 or so.  But as noted in a previous post, a drive toward 110 would load a significantly higher target, which we have been charting in NFTRH over the last several weeks by monthly chart. Continue reading "Crude Oil Breakout & Some Implications" →

Fundamentals Can Kill You If You're Not Careful!

Posted on by The INO.com Team

Today we are going to be looking at two very different stocks. One stock had very bullish fundamentals and the other stock had bearish fundamentals. In today's video, I will show you what happened to each stock and why. I will also share with you why the fundamentals can really lag behind the real market action.

It's true, the fundamentals don't ring bells and tell you it's a top or bottom in the market. The fundamentals also don't tell you that they have changed and you should be locking in your profits. What if you had an early warning system in your back pocket that you know works? How valuable would this be to you and your portfolio?

It is unrealistic to think that you are going to sell at the top of every market and buy at the very bottom. That just doesn't happen, even for the most professional traders. During my career, it only happened to me once and I put that down to sheer luck.

Let's take a look at these two stocks now and get a feel for how they are trading.

The video runs just under 7 minutes and can change the way you look at the markets.

So what are you waiting for? Let's get started right away!

Enjoy the video, and every success in your trading.

Adam Hewison
President, INO.com
Co-Creator, MarketClub

Today's Video Update: What Goes Up, Must Come Down...Right?

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 17th of June.

Are High Gas Prices Going To Squash The Economic Recovery?
Last week, all of our Trade Triangles jumped into a positive position, indicating that crude oil prices are headed higher once again. Some of that can be attribute to the events in the Middle East, mainly in Syria. The move higher also has to do with the technical makeup of the market. This market has been moving sideways for a while and seems poised to want to break over the $100 barrel level in the not-too-distant future. This increase in gasoline prices would come at a terrible time for most Americans, as summer driving tends to drive up demand for gas. I will be covering crude oil in today's video.

What Goes Up, Must Come Down... Right?
The battle continues between the Bulls and the Bears as the markets continue to vacillate both on the upside and downside. Certainly, my call to be on the sidelines for intermediate-term traders has proven to be a wise one. I continue to think that the longer-term trend for the equity markets remains in a positive mode, but it's more of a sideways pattern that we are seeing in the major indices right now. Continue reading "Today's Video Update: What Goes Up, Must Come Down...Right?" →

Apple details government requests for data

Posted on by The INO.com Team

Apple (NASDAQ:AAPL) says it received between 4,000 and 5,000 requests from U.S. law enforcement for customer data for the six months ended in May.

The company, like some other businesses, had asked the U.S government to be able to share how many requests it received related to national security and how it handled them. Those requests were made as part of Prism, the recently revealed highly classified National Security Agency program that seizes records from Internet companies.

Prism appears to do what its name suggests. Like a triangular piece of glass, Prism takes large beams of data and helps the government find discrete, manageable strands of information.

Prism was revealed this month by The Washington Post and Guardian newspapers, and has touched off the latest round in a decade-long debate over what limits to impose on government eavesdropping, which the Obama administration says is essential to keep the nation safe. Continue reading "Apple details government requests for data" →