Category: General

Stocks Continue To Show A Lack Of Direction

Posted on by The INO.com Team

(RTTNews) - Stocks have shown a lack of direction over the course of the trading day on Wednesday, extending the lackluster performance seen over the course of the two previous sessions. Traders remain reluctant to make any significant moves.

The major averages are currently lingering near the unchanged line, showing moves off less than a tenth of a percent. While the Nasdaq is down 0.52 points at 3,076.62, the Dow is up 2.30 points at 13,105.29 and the S&P 500 is up 0.75 points at 1,410.05. Continue reading "Stocks Continue To Show A Lack Of Direction" →

Morning Currency Commentary

Posted on by The INO.com Team

The September Dollar was slightly higher due to light short covering overnight. Stochastics and the RSI are oversold and are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 82.22 are needed to confirm that a short-term low has been posted. If September extends the decline off July's high, the 62% retracement level of the April-July rally crossing at 81.02 is the next downside target. First resistance is the 10-day moving average crossing at 81.84. Second resistance is the 20-day moving average crossing at 82.20. First support is last Thursday's low crossing at 81.22. Second support is the 62% retracement level of the April-July rally crossing at 81.02. Continue reading "Morning Currency Commentary" →

Stocks mixed in thin trading; oil creeps over $96

Posted on by The INO.com Team

Mixed economic data kept the stock market hovering near break-even Tuesday. One report on home prices looked encouraging, and another on consumer confidence was worrisome.

House prices increased in all major U.S. cities in June, according to the closely watched Standard & Poor's/Case-Shiller home-price index. The report was the latest sign that the housing market has been gaining strength.

"I thought it was terrific," said Phil Orlando, chief equity strategist at Federated Investors. "If you look at all of the key housing metrics over the past year _ affordability, building permits, starts _ all those numbers are pointing in the right direction." Continue reading "Stocks mixed in thin trading; oil creeps over $96" →

Technically Speaking: Markets you should be watching RIGHT NOW!

Posted on by The INO.com Team

October 2012 / March 2013 SUGAR spread  By: Brian Cullen

I look to get back involved in a spread that we were involved with back in June with a positive outcome. The formation once again looks like a great spot to re-establish the trade.

The fundamentals remain mixed as supplies and production appear to be on pace for the year, which has lead to the 400 point sell-off since the end of July. However, open interest continues rise and has reached the highest levels since our involvement in late June. This perhaps is suggesting we have quite a bit of short positions that have been added as we reach oversold territory. Should these traders begin to head to the sidelines, this should provide the support needed in this October contract for this spread to narrow before October comes off the board. Continue reading "Technically Speaking: Markets you should be watching RIGHT NOW!" →

Daily Video Update: Draghi drops out of JH, volume dries to a trickle, while traders savor the last days of summer

Posted on by The INO.com Team

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

It is official, European Central Bank head Mario Draghi has called off his trip to the annual Jackson Hole conference of central bankers. What that means is anyone's guess, his official reason was "because of the heavy workload foreseen in the next few days." Got it!

Just a reminder we have very thin trading conditions at the moment on the big board. Many traders are still on vacation, we have a convention, a hurricane, Jackson Hole and all kinds of other distractions this week. In a nutshell the markets are moving on very thin volume which can sometimes cause distortions in market activity and price action.

The key word this week is : CAUTION

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video