Category: General

Markets stall as traders await US Fed chief speech

Posted on by The INO.com Team

Stock markets retreated Tuesday due to global worries about the impact of the eurozone debt crisis and as investors awaited a key speech by the U.S. central bank chief.

Investors are looking for confirmation that central banks in the U.S. and China will provide more economic stimulus and that the European Central Bank will intervene in bond markets to lower some countries' high borrowing costs.

Federal Reserve Chairman Ben Bernanke will hold an important speech later this week that investors will watch carefully for clues about the central bank's intentions to try to speed up the U.S. economic recovery. Continue reading "Markets stall as traders await US Fed chief speech" →

Energy Market Morning Commentray

Posted on by The INO.com Team

October crude oil was higher overnight but remains below the 62% retracement level of this year's decline crossing at 98.22. Stochastics and the RSI are bearish signaling that a pause or short-term top in this summer's rally might be forming. Closes below the 20-day moving average crossing at 94.14 are needed to confirm that a short-term top has been posted while opening the door for additional weakness. If October extends the rally off June's low, the 75% retracement level of this year's decline crossing at 102.50 is the next upside target. First resistance is the 62% retracement level of this year's decline crossing at 98.22. Second resistance is the 75% retracement level of this year's decline crossing at 102.50. First support is the 20-day moving average crossing at 94.14. Second support is the reaction low crossing at 91.97. Continue reading "Energy Market Morning Commentray" →

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 SERIES (August 27-August 31)

After three months of a painfully rangy trade, Gold Bugs were finally rewarded for their patience. Last week, after December Futures traded above $1630, the technical buy was on. Not only did the futures price test the 200 day moving average (what I suspected would be the short term target), it traded straight through before finally topping out over twenty dollars an ounce higher!  Furthermore, we begin this week with Gold printing another new high overnight.

It seemed last week that Gold prices were once again trading the fundamentals that once dictated direction. Here are a few factors that were baked into last week’s rally: Continue reading "Gold Chart of the Week" →

Daily Video Update: Hurricanes, iLawsuits, Conventions and Jackson Hole... it's going to be quite a week

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 27th of August.

There's so much going on this week that I expect the sum of the markets will be overshadowed by the news. We have a hurricane heading towards the US, and a Republican convention in Tampa and Jackson Hole on Friday. Apple's iLawsuit win over Samsung gave Apple a 1 billion dollar judgement and made quite a splash on the smart phone market, with Samsung losing over 12 billion dollars when its stock opened in Asia on Monday morning. If all that was not enough, we still have to deal with Europe and the last trading week in August!

We will rely on pure market action and our Trade Triangle technology to point the way to profits. With many commodity markets in bull trends, there are going to be many trading opportunities.

GOLD now looks very interesting and we would pay close attention to this market. The REUTERS/JEFFERIES CRB COMMODITY INDEX is also in a bull trend and will be a strong indicator for signs that inflation is picking up and accelerating in the US.

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

The Only Way to Win with Gold Stocks

Posted on by The INO.com Team

By David Galland, Casey Research

While I have read certain works on the life and ponderings of Buddha, I claim no deep knowledge of his philosophy.

Note that I didn't use the word "religion," because Buddha himself claimed no supernatural powers and even begged his followers not to deify him after his death. Continue reading "The Only Way to Win with Gold Stocks" →