Consumer confidence in the economy plunged in May

(AP:NEW YORK) Americans confidence in the economy fell the most in eight months as worries about the weak jobs, housing and stock markets continue to rattle them.

The Conference Board, a private research group, said on Tuesday that its Consumer Confidence Index now stands at 64.9, down from a revised 68.7 in April.

The May figure, which represents the biggest drop since October 2011 when the measure fell about 6 points, shows that consumers need more encouraging news before their concerns start to dissipate. Despite easing gas prices, Americans continue to be concerned about slow hiring, declining home values, big drops in the stock Continue reading "Consumer confidence in the economy plunged in May"

It seems so right – but it goes so wrong!

By: Chris Irvin, Veteran Instructor & Trader at The Wizard

It is the most frustrating thing in the world!  You sift through, what seems like a million different stocks to find the perfect trade.  You time your entry perfectly, and at the moment you enter the trade the chart rolls over on you.  It is like the trading floor has a camera focused on you and everyone is told to do exactly the opposite of what you are doing.  You can almost hear the snickering.

Okay, we all know that doesn’t really happen, but there are times when it sure feels like it.  When we enter or exit a trade, it is as a result of something that convinces you that your stock is going to move in a particular direction for a period of time or the mover has ended.  Continue reading "It seems so right – but it goes so wrong!"

Weekly Futures Wrap Up w/Michael Seery

We’ve asked Michael Seery of SEERYFUTURES.COMan IB of Peregrine Finanial Group to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Busines, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show. Continue reading "Weekly Futures Wrap Up w/Michael Seery"

Daily Update: The end to a quiet week

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Friday, the 25th of May.

While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.

DailyXchange
Post and prosper with other MarketClub members everyday.

Stocks on the move: LUV ( Southwest Airlines ) and KO ( Coca-Cola )

DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Daily Update: The end to a quiet week"

Rick Rule: "Avoiding the Ugly in the Junior Resource Sector"

In this excerpt from a talk at the Casey Research Recovery Reality Check Summit, legendary resource speculator Rick Rule makes a strong case for careful, disciplined investing in the junior resource sector, despite the market turning truly ugly.

You can hear Rick's entire entire presentation, along with those by the 30 other experts at the Summit – including their stock tips and other recommendations. The full audio collection is available in CD or MP3 format. Get full details here.