Category: General

Big Advantages of Trading with the Wave Principle

Posted on by The INO.com Team

What advantages does the Wave Principle offer to traders?

Here's one of the big advantages of using the Wave Principle when trading: you can increase your understanding of how current price action relates to the market's larger trend.

Other tools fall short in this regard. Several trend-following indicators such as oscillators and sentiment measures have their strong points, yet they generally fail to reveal the maturity of a trend. Moreover, these technical approaches to trading are not as useful in establishing price targets as the Wave Principle. Continue reading "Big Advantages of Trading with the Wave Principle" →

Stocks Rally On Positive Reaction To Fed Announcement

Posted on by The INO.com Team

(RTTnews)After showing a lack of direction throughout morning trading on Thursday, stocks moved substantially higher in the afternoon amid a positive reaction to the Federal Reserve's highly anticipated monetary policy announcement.

The major averages moved roughly sideways going into the close, ending the day sharply higher. The Dow jumped 206.51 points or 1.6 percent to 13,539.86, the Nasdaq surged up 41.52 points or 1.3 percent to 3,155.83 and the S&P 500 soared 23.43 points or 1.6 percent to 1,459.99. Continue reading "Stocks Rally On Positive Reaction To Fed Announcement" →

Federal Reserve's statement Thursday

Posted on by The INO.com Team

Below is the statement the Fed released Thursday after its policy meeting:

Information received since the Federal Open Market Committee met in August suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been slow, and the unemployment rate remains elevated. Household spending has continued to advance, but growth in business fixed investment appears to have slowed.

The housing sector has shown some further signs of improvement, albeit from a depressed level. Inflation has been subdued, although the prices of some key commodities have increased recently. Longer-term inflation expectations have remained stable. Continue reading "Federal Reserve's statement Thursday" →

Precious Metal Morning Commentary

Posted on by The INO.com Team

October gold was higher overnight as it consolidates around the 75% retracement level of this year's decline crossing at 1734.00. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off May's low, the 87% retracement level of this year's decline crossing at 1767.20 is the next upside target. Closes below the 20-day moving average crossing at 1678.30 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 1747.00. Second resistance is the 87% retracement level of this year's decline crossing at 1767.20. First support is the 10-day moving average crossing at 1709.00. Second support is the 20-day moving average crossing at 1678.30. Continue reading "Precious Metal Morning Commentary" →

Stocks rise, and investors wait for the Fed

Posted on by The INO.com Team

The stock market edged higher Wednesday after a court cleared the way for Germany to participate in a European rescue fund. Attention shifted to the Federal Reserve, which began a big two-day meeting.

The highest court in Germany ruled that the country could contribute to Europe's $640 billion rescue fund to help indebted governments. The ruling offered investors relief, but not much more.

The issue was "more speed bump than hurdle," Dan Greenhaus, chief global strategist at the brokerage BTIG, told clients. "More legislative and political challenges lay ahead. Today's ruling simply does nothing to change that larger story." Continue reading "Stocks rise, and investors wait for the Fed" →