Category: General

I wouldn't look for China to save the world

Posted on by The INO.com Team

It's the last day of the month and what a terrible trading month it has been for most investors! The month of May saw all the major indices turn negative based on our Trade Triangle Technology. This is not something to be taken lightly, as it foretells of the future trends for all of the major indices.

We have come to the end of the road and the can cannot be kicked any further. It is the moment of truth for investors and the moment of truth for politicians worldwide. It is the moment no one wants to face. Continue reading "I wouldn't look for China to save the world" →

Pullback off lows – The only pattern you need to know in downtrending markets

Posted on by The INO.com Team

 

As we go through the charts of the daily indexes and individual names we see a lot of Pullback Off Lows (POL) patterns.

Much like in uptrending markets Pullback Off Highs (POH) patterns are the only pattern you need to know, in downtrending markets the opposite applies.  In downtrending markets POL's are the only pattern you need to know for shorting. Those POL's are also the what to watch out for if you are long. That all said below are the daily charts of the indexes.  Continue reading "Pullback off lows – The only pattern you need to know in downtrending markets" →

Gold's "Contrarian Moment"

Posted on by The INO.com Team

By David Galland, Casey Research

Glancing at the news most days, it's hard not to feel like Bill Murray's character in Groundhog Day. In the event you are unfamiliar with the movie, in it Murray's character becomes trapped in the same day… day after day.

In the current circular condition, we have the powers-that-be assuring us that the next high-level meeting will finally produce a permanent fix to the broken economy, essentially solving the sovereign debt crisis. Then, in no more than a few days, or at most a couple of weeks, the fix is revealed to be flawed and the crisis again sparks into flames... Continue reading "Gold's "Contrarian Moment"" →

RIM warns of operating loss, layoffs to come

Posted on by The INO.com Team

By ROB GILLIES
Associated Press

(AP:TORONTO) Struggling BlackBerry-maker Research in Motion issued a dire warning about its business, saying Tuesday that it will post an operating loss for the second-straight quarter and will lay off a large number of employees this year.

RIM also said it has hired J.P. Morgan and RBC Capital Markets to help it evaluate strategies, including possibilities of partnering with other companies and licensing software, in addition to other alternatives. Continue reading "RIM warns of operating loss, layoffs to come" →

Chart of the week - Gold

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.

There is an old saying in our business that keeps market bulls on edge every year in the late Spring months.

“Sell in May, and go away” has no doubt lived up to its expectations this year and has left traders battered Continue reading "Chart of the week - Gold" →