Market sell-off goes on

The momentum of a late sell-off on Wall Street carried over into a second day, sending U.S. futures and global stock markets into retreat.

Uncertainty over how committed the Fed remains to a massive bond-buying program scattered investors and overshadowed a Labor Department report Thursday that was slightly better than most economists had expected.

Dow Jones industrial futures slid 125 points to 15,195. S&P futures lost 16.3 points to 1,639.30. Nasdaq futures fell 26.75 points to 2,974.25.

U.S. stocks began selling off late Wednesday when minutes from the most recent Federal Reserve policy meeting left open the possibility that the U.S. may begin easing off stimulus measures that have helped send major indexes to record highs in recent weeks. Continue reading "Market sell-off goes on"

Today's Video Update: Target And Lowe's Both Miss... Who's Next?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 22nd of May.

Target and Lowe's Both Miss
Both Target (NYSE:TGT) and Lowe's (NYSE:LOW) missed their estimated earnings this morning and disappointed Wall Street. Both companies blamed the miss on bad spring weather. I guess you have to point to something when you miss what everyone is expecting. We will be looking at Target and Lowe's today. Continue reading "Today's Video Update: Target And Lowe's Both Miss... Who's Next?"

Is Wal-Mart the "Canary in the Mine"?

In today's short educational video, we're going to be examining the stock of Wal-Mart (NYSE:WMT). We will be using Fibonacci retracement, R.N. Elliott's wave principal, and the moving average convergence divergence, better known as the MACD indicator, to analyze Wal-Mart (NYSE:WMT).

The video runs about seven minutes and I think you'll find it very interesting on several different fronts. Putting all of these methods together in addition to our Trade Triangle technology produced some excellent results for this market. I also have a special bonus for you at the end of the video.

I hope you enjoy the video and more importantly learn how to use the technical tools mentioned so you can add them to your trading arsenal.

Try MarketClub for 30 days

Every success in your trading!

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

Poll: What do you think of U.S. taxes?

With Apple CEO, Tim Cook, on the hill today testifying about Apple's overseas money hoard, I thought we should bring up that ugly word on this blog - Taxes!! The biggest challenge we have in this country is a dysfunctional IRS and tax code.

Please indicate your answers below. If you have a comment, and it seems everyone does when it comes to taxes, please feel free to use this blog to share your opinions.

What do you think of U.S. Taxes?

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We appreciate your feedback and participation,

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

Today's Video Update: Yahoo Bets A Billion

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 20th of May.

Yahoo Bets A Billion
Marissa Mayer, president and CEO of Yahoo, is making a big bet today on a six year old company that is rapidly running out of money. Yahoo (NASDAQ:YHOO) is committing up to one third of its cash to buying the micro-blogging website, Tumblr, for 1.1 billion. Tumblr has approximately 108 million blogging sites and by all accounts will increase Yahoo's traffic by 20%. The key of course is whether or not Yahoo can make money from their decision to purchase Tumblr, as revenues for this stock last year only totaled $13 million. I think you will agree that spending $1.1 billion to get an income of $13 million does not make a lot of sense. We are going to let the market tell us what it thinks of this acquisition and how well Yahoo can monetize its base. Yahoo's stock has done well this year and we have been bullish on it for sometime. It remains to be seen whether the recent upward trajectory will continue and remain intact with Marissa's big bet. We will be looking at Yahoo today. Continue reading "Today's Video Update: Yahoo Bets A Billion"