Category: General

Stocks close mixed on uneven economic signals

Posted on by The INO.com Team

U.S. stocks meandered between small gains and losses Monday, cooling off after a rally that had pushed the Standard & Poor's 500 index above 1,500 for the first time since December 2007. Encouraging news about manufacturing provided an early boost, but stocks fell later after a report on the pace of home sales fell short of expectations.

The government said before trading began that orders for long-lasting goods rose in December by 4.6 percent, helped by a 10 percent gain in orders for new aircraft. The report was a sign of strength for the manufacturing sector, a crucial driver of economic growth.

Heavy equipment maker Caterpillar said separately that its fourth-quarter net income exceeded analysts' expectations, after adjusting for the cost of a soured deal to buy a Chinese maker of roofing supports for mines. Caterpillar said it took a big charge in the quarter because the Chinese company had misrepresented its finances. Continue reading "Stocks close mixed on uneven economic signals" →

Today's Video Newsletter: Best January for stocks since 1997

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 28th of January.

January of 2013 turned out to be the best January since 1997. Now there are two worlds out there, one is the world of stocks, and the other one is the real world of main street. So, it's Wall Street versus main street and it looks as though stocks are going to do better on the upside based on the market itself. Whether higher stock prices translate into a better economy is another matter, but stocks look like they want to go higher.

Yahoo reports Q4 earnings after the bell. Tonight we will see if the magic of Marissa Mayer has rubbed off on Yahoo. You may remember that Marissa was a long time key executive and spokesperson for Google before joining Yahoo as CEO in 2012. We will be analyzing Yahoo (YHOO) today using our Trade Triangle technology. The question is, how can Yahoo monetize its 750,000,000 million users?

Along with Yahoo (YHOO), we will be looking at energy, precious metals, forex and the equity markets. Continue reading "Today's Video Newsletter: Best January for stocks since 1997" →

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (January 28th through Feb 1st)

If anyone is trading any markets outside of Gold, you may be interested in knowing that this week is packed full of important reports in the United States, including a continuation of earnings reports, GDP, Payrolls, ISM, and even an FOMC announcement. There will also be Consumer Confidence Reports in the US and in Europe in this week’s reports, but if this week is anything like the last, the reports will pale in comparison to the importance of the technical analysis seen in the chart below.

After a ten trading day, $70 rally in the Gold Futures, prices failed again to break $1700 four days in a row. That technical failure was just what was needed to drop the market on its head and now we begin the week at trendline support. Continue reading "Gold Chart of The Week" →

Confessions of a Gold Analyst: "It's All My Fault"

Posted on by The INO.com Team

Common sense dictates that when you need information or advice on something you're unfamiliar with, you consult with a professional. That's what people do, whether refinancing a home, choosing an insurance product, or fixing a broken heater. While professionals certainly have their own agendas, they still know more about their products or services than others, and can at least help them make more informed decisions.

Bank and brokerage analysts know their products, too. But when it comes to helping you make an informed decision about where the gold market is headed, they have, as Rick Rule is fond of saying, a record unblemished by success. Continue reading "Confessions of a Gold Analyst: "It's All My Fault"" →

The Fiscal Cliff Was A Wasted Opportunity

Posted on by The INO.com Team

The label "the fiscal cliff" evoked the fear that something terrible was about to happen if the previously legislated spending cuts and tax increases came into effect. From my point of view, our nation's deficits and debt are growing at an alarming rate and need to be cut back. The reason these laws were enacted was to offer markets some hope that we would eventually work toward eliminating our serious deficits. But the prevailing opinion that such drastic decreases in our deficit would slow our economy and bring recession created the impression that this "cliff" must be avoided.

The chart below indicates the size of our federal government's budget deficit. The blue bars reflect what would have happened if there were no legislative changes, and the harsh measures of tax increases and spending cuts occurred. The red bars reflects potential tax increases, the green spending cuts, and the purple is additional interest paid on the expanded debt as a result of bigger deficits. The cliff is seen in the rapid drop of the deficit in the first few years of the blue bars. Continue reading "The Fiscal Cliff Was A Wasted Opportunity" →