Category: General

Caution Ahead Of ECB

Posted on by The INO.com Team

(RTTNews) - After turning mixed over the course of the previous session, stocks may move to the downside in early trading on Wednesday. The major index futures are currently pointing to a modestly lower open for the markets, with the Dow futures down by 17 points.

Uncertainty about tomorrow's European Central Bank meeting may weigh on stocks along with caution ahead of Friday's monthly U.S. jobs report.

Bloomberg News recently reported that ECB President Mario Draghi's bond-buying proposal involves unlimited purchases of government debt but will refrain from setting a public cap on yields.

Traders have also reacted negatively to news that delivery giant FedEx (FDX) lowered its first quarter earnings guidance due to weakness in the global economy. Continue reading "Caution Ahead Of ECB" →

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 Review (09-04-2012)

 As anticipated, last week began with a choppy-to-lower trade in the Gold market after the prior week’s strength. It was expected that there would be an early hangover in the trade after Gold futures broke above the second wedge pattern (as seen on the chart provided) and awaited news from the Jackson Hole Symposium. While the last two years provided dependable, long term programs to base trades from (QE2 in 2010 and Operation Twist in 2011), this year was far less exciting.

Any trader that was involved in the markets last week, especially in the Precious Metals, has already read through Ben Bernanke’s speech, so there is no reason to repeat every word in this article. In short, there were no major changes in policy announced from Jackson Hole, but the FED continues to monitor the markets and stands ready to act if deemed necessary. Sound familiar? Continue reading "Gold Chart of the Week" →

Stocks waver on weak construction, factory reports

Posted on by The INO.com Team

Stocks are wavering between losses and gains after reports that the U.S. economy is weakening at a time when China and Europe are also slowing.

The Dow Jones industrial average was down 27 points at 13,064 at 3 p.m. Eastern time on Tuesday. The broader S&P 500 index recovered from a loss earlier in the day and was up less than a point to 1,407. The Nasdaq composite rose 12 points to 3,079. The U.S. stock market was closed Monday for Labor Day. Continue reading "Stocks waver on weak construction, factory reports" →

Morning Index Commentary

Posted on by The INO.com Team

The September NASDAQ 100 was lower overnight as it extends the trading range of the past three weeks. Stochastics and the RSI are bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 2754.92 would confirm that a short-term top has been posted. If September renews the rally off July's low, monthly resistance crossing at 2847.00 is the next upside target. First resistance is August's high crossing at 2802.50. Second resistance is monthly resistance crossing at 2847.00. First support is the 20-day moving average crossing at 2754.92. Second support is the reaction low crossing at 2702.25. Continue reading "Morning Index Commentary" →

How Does a Trader Who Runs from Risk Achieve THIS Track Record?

Posted on by The INO.com Team

In the late '70s, Peter Brandt emptied his trading accounts several times. He'd lose a string of trades, then refund his account, then "wipe out" all over again.

But he persisted because he knew he was meant for a trading career. His determination paid off.

In 1982, a currency chart "sang a song" for Brandt. By that time he had saved his earnings and supplied his trading account with a healthy sum. Continue reading "How Does a Trader Who Runs from Risk Achieve THIS Track Record?" →