Category: General

Consumer confidence in the economy plunged in May

Posted on by The INO.com Team

(AP:NEW YORK) Americans confidence in the economy fell the most in eight months as worries about the weak jobs, housing and stock markets continue to rattle them.

The Conference Board, a private research group, said on Tuesday that its Consumer Confidence Index now stands at 64.9, down from a revised 68.7 in April.

The May figure, which represents the biggest drop since October 2011 when the measure fell about 6 points, shows that consumers need more encouraging news before their concerns start to dissipate. Despite easing gas prices, Americans continue to be concerned about slow hiring, declining home values, big drops in the stock Continue reading "Consumer confidence in the economy plunged in May" →

It seems so right – but it goes so wrong!

Posted on by The INO.com Team

By: Chris Irvin, Veteran Instructor & Trader at The Wizard

It is the most frustrating thing in the world!  You sift through, what seems like a million different stocks to find the perfect trade.  You time your entry perfectly, and at the moment you enter the trade the chart rolls over on you.  It is like the trading floor has a camera focused on you and everyone is told to do exactly the opposite of what you are doing.  You can almost hear the snickering.

Okay, we all know that doesn’t really happen, but there are times when it sure feels like it.  When we enter or exit a trade, it is as a result of something that convinces you that your stock is going to move in a particular direction for a period of time or the mover has ended.  Continue reading "It seems so right – but it goes so wrong!" →

Weekly Futures Wrap Up w/Michael Seery

Posted on by The INO.com Team

We’ve asked Michael Seery of SEERYFUTURES.COMan IB of Peregrine Finanial Group to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Busines, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show. Continue reading "Weekly Futures Wrap Up w/Michael Seery" →

Facebook's IPO Do-Over, This Time At $32

Posted on by admin

Clearly, Facebook's (FB) $38 IPO was a bust (because the price dropped). So, the "market" took matters into its own hands. First, it tossed out the Morgan Stanley (MS), Goldman Sachs (GS) JPMorgan Chase (JPM) triumvirate's hype, dismissed Nasdaq's day-1 blunders and ignored investors' cries of "Foul!" Then, it focused on the real Facebook: A large, unique company with broad market appeal, a global brand name, and a potentially bright future.

So, what is the result? $32 is the market-determined IPO price. Continue reading "Facebook's IPO Do-Over, This Time At $32" →

Stocks Close Mixed Following Choppy Trading Day

Posted on by The INO.com Team

(RTTNews) - Stocks showed a lack of direction over the course of the trading day on Thursday, as seemed reluctant to make any significant moves. The choppy trading came after the markets saw considerable volatility over the course of the two previous sessions.

The major averages bounced back and forth across the unchanged line, eventually ending the session mixed. While the Nasdaq fell 10.74 points or 0.4 percent to 2,839.38, the Dow rose 33.60 points or 0.3 percent to 12,529.75 and the S&P 500 edged up 1.82 points or 0.1 percent to 1,320.68. Continue reading "Stocks Close Mixed Following Choppy Trading Day" →