Author: The INO.com Team

New High on the DOW ... Now What?

Posted on by The INO.com Team

The Dow jumped to new highs for the year, extending its gains from the lows seen in March.

What does this mean for the future?

The Dow is now within 100 points of being into thin air as it has retraced close to 50% of its down move. The NASDAQ has already done this, and the S&P 500 has come very close to achieving this goal. Clearly the trend continues to be positive for the Dow with today's new highs. The other two indices, while closing very well and on an upbeat note, must clear their previous highs to start another push to the upside. It remains to be seen whether or not that will take place.

Continue reading "New High on the DOW ... Now What?" →

Crude Oil ... Going Higher?

Posted on by The INO.com Team

A Quick Update on the Crude Oil Market

I was just looking at the charts and they are beginning to look very, very bullish. The formation I show you in today's video is a classic continuation pattern to the upside. This pattern also confirms a Fibonacci target number we are looking at.

This video is short and to the point and I think it will get you thinking about this energy market.

Continue reading "Crude Oil ... Going Higher?" →

RIMM's ...Big Bet!

Posted on by The INO.com Team

"Research In Motion Ltd. (RIMM) will spend up to $1.2 billion to buy back about 21 million of its shares, or 3.6% of its total shares outstanding. The buyback will start Nov. 9 and last for up to one year."

That was the headline news today on Research in Motion symbol RIMM so I decided to look at the chart to see what was going on in the "real world". When I got to the chart, one thing immediately jumped out at me and that was the negative action that this market has shown in the past several weeks. Looking at this market a little closer I was able to see that our "Trade Triangle" technology was 100% negative and that our monthly "Trade Triangle" indicator had turned negative on October 28th at $63.38. This is a major negative in my mind for this market.

Continue reading "RIMM's ...Big Bet!" →

Can History Predict the Future?

Posted on by The INO.com Team

Cycles, rhythms, patterns, and seasons...no matter what you call them they are there in the markets. One market in particular is the Nasdaq and today I've invited Steve Hoven from NasdaqProfits.com to give us his insight into the patterns of the Nasdaq. If you have any other patterns you'd like to share please do so in the comment section and be sure and visit NasdaqProfits.com to check in on what he does!

==================================================================

The Nasdaq Index is over 30+ years old.

Yet did you know that over those 30+ years on the date July 9th, the Nasdaq finishes the day UP over 85% of the time.  That is right- since the early 1970's when the Nasdaq began, it has been open 27 times on date July 9th and out of those 27 times, the Nasdaq has finished in the Positive 23 times and DOWN only 4 times.
(of course July 9th sometimes falls on a Saturday/Sunday when the markets aren't open so that is why you only see 27 trades instead of 30+)

Continue reading "Can History Predict the Future?" →

The Decoupling of Gold

Posted on by The INO.com Team

The Decoupling of Gold

With today's historic move into new high ground for gold against the dollar, has this market finally decoupled from the other markets?

Watch the video here.

In this short two minute video, I will share with you what I think the next major technical level is for this market. We will also be looking at an indicator that is close to kicking in that could sharply accelerate gold's upward move. Gold has an enormous energy field below it that is capable of pushing prices significantly higher in the months ahead.

Continue reading "The Decoupling of Gold" →