Category: General

Is 30.2.Au flying in Ben's face? Not yet

Posted on by The INO.com Team

The FOMC announced that Operation Twist would continue through year end.  This is where the Fed tries to re-inflate the housing bubble (and related areas) by buying long term T bonds to artificially hold down long term interest rates while sopping up any inflationary implications to the money supply by selling short term T bonds.  Throw in a side of ZIRP, and you've got a lot of free money flying around out there with very subdued inflation effects.

Gold is in an orderly corrective consolidation.  Silver has been hanging around at support and is sponsored by a bullish CoT structure.  Commodities, even backing out the wildcards in agriculture, are in nice short-term bottoming patterns (copper is rounding upward and crude oil is breaking up from a small Inverted H&S with a target around 98) and just waiting for the Fed to lose control of the nice macro painting it has been working on since Op/Twist #1, back in September of 2011. Continue reading "Is 30.2.Au flying in Ben's face? Not yet" →

Market Close for 7/19/2012: S&P +3.73 DOW +34.66 NAS +23.39

Posted on by The INO.com Team

The September NASDAQ 100 closed higher on Thursday as it extended the rally off last week's low. The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off last week's low, gap resistance crossing at 2686.50 is the next upside target. Continue reading "Market Close for 7/19/2012: S&P +3.73 DOW +34.66 NAS +23.39" →

IBM and other tech stocks rise

Posted on by The INO.com Team

(AP:NEW YORK) Strong earnings from IBM and other technology companies nudged the stock market higher Thursday, but a trio of weak economic reports kept the gains in check.

IBM surged 4 percent after it posted a jump in profits late Wednesday even as revenue fell. It marked the 38th consecutive quarter that IBM's net income rose over the previous year. IBM leapt $7.09 to $195.34.

The Dow Jones industrial average rose 34.66 points to close at 12,943.36 on Thursday, the third straight day of gains. Continue reading "IBM and other tech stocks rise" →

What would you like to see, the economy back on track, or Romney’s tax returns?

Posted on by The INO.com Team

Some of you may think this is political, but politics aside, what would you like to see, a stronger economy or Romney's tax returns?

Politics aside, what do you think is more important for America: Getting the economy back on track, or Romney's tax returns?

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Thanks for taking the time to vote and offer your opinion and comments.

Adam

Energy Market Commentary for Thursday

Posted on by The INO.com Team

August crude oil was higher overnight as it extends the rally off June's low. Stochastics and the RSI are overbought but remains bullish signaling that sideways to higher prices are possible near-term. If August extends the rally off June's low, the 38% retracement level of this year's decline crossing at 90.43 is the next upside target. Closes below the 20-day moving average crossing at 84.49 would temper the near-term friendly outlook in August crude oil. Continue reading "Energy Market Commentary for Thursday" →