Category: General

Stocks Turning In Mixed Performance In Mid-Day Trading

Posted on by The INO.com Team

(RTTNews) - Stocks have turned mixed over the course of the trading day on Thursday after showing a notable move to the downside earlier in the session. Trading activity has remained subdued, contributing to a relatively lackluster performance on Wall Street.

The major averages currently remain on opposite sides of the unchanged line, with the Nasdaq posting a modest gain. While the Nasdaq is up 4.60 points or 0.2 percent at 2,980.68, the Dow is down 23.01 points or 0.2 percent at 12,920.81 and the S&P 500 is down 3.92 points or 0.3 percent at 1,370.10. Continue reading "Stocks Turning In Mixed Performance In Mid-Day Trading" →

Currencies Morning Commentary

Posted on by The INO.com Team

The September Dollar was lower in overnight trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If September extends last Friday's decline, June's low crossing at 81.39 is the next downside target. Closes above the 20-day moving average crossing at 82.40 would temper the near-term bearish outlook. First resistance is the 20-day moving average crossing at 82.40. Second resistance is the reaction high crossing at 83.07. First support it last Friday's low crossing at 81.56. Second support is June's low crossing at 81.39. Continue reading "Currencies Morning Commentary" →

Which Course Will North American Natural Gas Producers Choose?

Posted on by The INO.com Team

By Marin Katusa, Casey Research

News of a "monster" natural gas find in British Columbia has one again highlighted that North Americans need to make a choice. Do we want to keep the huge volumes of natural gas that have been discovered in recent years across the continent landlocked and transportable only by pipeline, or should we develop the infrastructure that will enable us to transport this fuel to the gas-hungry markets of Asia? Continue reading "Which Course Will North American Natural Gas Producers Choose?" →

Energy Market Morning Report

Posted on by The INO.com Team

August crude oil was higher overnight as it extended the rally off last Thursday's low. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If August extends the rally off June's low, the reaction high crossing at 87.32 is the next upside target. If August renews this year's decline, the 75% retracement level of the 2009-2011-rally crossing at 73.28 is the next downside target. First resistance is the reaction high crossing at 87.32. Second resistance is the reaction high crossing at 92.52. First support is last Thursday's low crossing at 77.28. Second support is the 75% retracement level of the 2009-2011-rally crossing at 73.28. Continue reading "Energy Market Morning Report" →

Stocks May Turn In Another Lackluster Performance

Posted on by The INO.com Team

(RTTNews) - After showing a lack of direction over the course of the previous session, stocks may continue to experience choppy trading on Tuesday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 5 points.

With the markets scheduled for an early close, trading activity is likely to remain subdued as some traders look to get a head start on the Independence Day holiday on Wednesday.

A relatively light day on the economic front may also keep traders on the sidelines, although the Commerce Department is scheduled to release its monthly report on factory orders at 10 am ET. Continue reading "Stocks May Turn In Another Lackluster Performance" →