Category: General

Beyond the Spotlight: Highlighting This Week's Potential Breakouts

Posted on by The INO.com Team

September 2012 Euro Currency

The September 2012 Euro Currency contract lows are trading along a lower trend line, touching at 1.2051 (7/24/12), 1.2140 (8/02/12), and 1.2258 (8/16/12). A close below the lower trend line will trigger a sell entry. It appears the market will need to settle at 1.2280 or lower for confirmation of a breakout. The Trend Seeker (a GBE trading tool) confirms the market is in a down trend. The 50 day moving average (1.2387) is just above recent highs which could act as resistance and a natural level for stop losses. A short term target could be the 1.2051 low from 7/24/12. The stochastic indicator crossed over to sell signal and MACD is converging. These indicators may fall in line once the breakout occurs. Continue reading "Beyond the Spotlight: Highlighting This Week's Potential Breakouts" →

Will Bernanke Save the Equity Markets?

Posted on by The INO.com Team

By Vedran Vuk, Casey Research

How far is the Fed from reaching the bottom of its ammunition box?

Well, both Mario Draghi and Ben Bernanke said no to yet more monetary stimulus last week.

Wall Street unsurprisingly was disappointed.

Wall Street expected more stimulus, as institutional investors are analyzing monetary policy from their own perspective rather than the central bank's viewpoint – understandable, but a big mistake. Continue reading "Will Bernanke Save the Equity Markets?" →

Chart to Watch - AMRN

Posted on by The INO.com Team

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Amarin (AMRN) Continue reading "Chart to Watch - AMRN" →

Daily Update: How many ways can Europe kick the can down the road?

Posted on by The INO.com Team

Due to technical difficulties we will not be posting a video today.

Hello MarketClub members everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market report for Friday, the 17th of August.

Yesterday the markets shrugged off negative news and focused on the comments from German Chancellor, Angela Merkel. Ms. Merkel, who just returned from vacation, has somehow miraculously endorsed the European Central Bank’s conditional support for Spain and Italy. On the other side of the coin, a Finnish official has suggested that Euro zone leaders are preparing for the worst, including a possible breakup of the currency bloc.

Upon further inspection, Ms. Merkel's statements of support leave room for a great deal of interpretation. We see it quite simply as delay, delay, delay, and yet another way for politicians to kick the can down the road. Continue reading "Daily Update: How many ways can Europe kick the can down the road?" →

Friday Grains Commentary

Posted on by The INO.com Team

December corn was lower overnight as it consolidates some of this week's short covering rally. Stochastics are neutral to bearish signaling that sideways to lower prices are possible near-term. Monday's close below the 20-day moving average has opened the door for additional profit taking near-term and a possible test of the reaction low crossing at 7.45 1/2. Closes below the reaction low crossing at 7.45 1/2 would confirm that a pre-harvest top has been posted. If December renews this summer's rally into uncharted territory, the July 5th measuring gap projects a potential rally to the 8.54 1/2 area. First resistance is last Friday's high crossing at 8.49. Second resistance is the July 5th measuring gap projection of a potential rally to the 8.54 1/2 area. First support is Monday's low crossing at 7.86. Second support is the reaction low crossing at 7.45 1/2. Continue reading "Friday Grains Commentary" →