Category: Trading Videos

Keep An Eye On The Big Banks And Retail Sales This Week

Posted on by The INO.com Team

Hello MarketClub members everywhere. Earning season kicks off with a trio of big banks, J.P. Morgan Chase & Co. (NYSE:JPM), Bank of America Corporation (NYSE:BAC) and Wells Fargo & Company (NYSE:WFC) are all due to release earnings on Friday. Wells Fargo will be in the spotlight after its high-profile stumbles in 2016, including the account-opening scandal that led to the ouster of its CEO and the failure to get its living will approved by regulators. Investors will be watching for how these issues are impacting the bank's financial results.

MarketClub's Mid-day Market Report

On the data side, retail sales will be eyed. The November data showed a slowdown from the previous two months. We'll see if higher consumer sentiment readings translate into a strong month for sales.

Key levels to watch the rest of the week: Continue reading "Keep An Eye On The Big Banks And Retail Sales This Week" →

Fake News Stories, Do They Really Matter?

Posted on by The INO.com Team

Hello MarketClub members everywhere. Recently we have heard a lot about fake news, well fake news or rumors have been a part of the market since the markets began trading. The question is do they really make a difference, the answer is over the long-term no, in the short-term possibly. The good news is that they are not important and you should not pay much attention to them. The reason I say, that is because there is an easy, simple solution to capturing significant moves in the market.

MarketClub's Mid-day Market Report

Here is the simple solution, the Trade Triangles. Continue reading "Fake News Stories, Do They Really Matter?" →

3 Energy Stocks That Are Good To Go

Posted on by The INO.com Team

Hello MarketClub members everywhere. Well, it looks like we will all be paying higher prices at the pump over the holiday season. On 22 November, a weekly Trade Triangle kicked in on February crude oil (NYMEX:CL.G17.E) $49.96 indicating that prices were headed higher. This morning crude oil is trading at $54.60 and appears to be headed to the $60 range in the near term.

MarketClub's Mid-day Market Report

Technically speaking after hitting a low of around $36 a barrel in early January 2016 this commodity has seen a remarkable comeback. Energy is an essential element in the economy not just for industries but also for consumers. However, we are still half the price we were just a few years ago and that is a good thing. In today's video, I will be analyzing crude oil and show you exactly where I think this market can go in the near-term and the long-term. Continue reading "3 Energy Stocks That Are Good To Go" →

Up Up And Away

Posted on by The INO.com Team

Hello MarketClub members everywhere. The euphoria over Donald Trump's success continues to fuel the equity markets. Certainly, the 20,000 level on the DOW (INDEX:DJI) is no longer a dream but more than likely a reality. So just how high can these markets go that's the billion dollar question?

MarketClub's Mid-day Market Report

One thing I've learned in trading over the years is you don't stand in front of a freight train coming at you, and that's exactly what this market is at the moment. However, speeding railcars sometimes get derailed and can cause serious crashes.

Last week I warned about how December can be a very difficult month. As this month progresses, volume is going to continue to wane creating vacuums in the marketplace. I expect as we get closer to the 20,000 mark volatility will be exacerbated because of the lack of liquidity as many traders will be out enjoying time with family and friends over the year-end holiday season. Continue reading "Up Up And Away" →

Ford To Stay In America, Two Trump Thumbs Up On This One

Posted on by The INO.com Team

Hello MarketClub members everywhere. You've probably heard by now that the Ford Motor Company (NYSE:F) is not going to be moving one of its plants to Mexico. Finally, the U.S. is waking up and realizing that it cannot be a superpower while having a service economy. Whether you voted for Trump or not, I think we have to give him credit for this save. Hopefully, some of the other promises he made will also help the U.S. economy like lowering taxes and nixing some of the onerous regulations that are handicapping businesses in the U.S.

MarketClub's Mid-day Market Report

So far the markets seem to like what they see with all of the indexes higher for the week. The big winner this week was the NASDAQ (NASDAQ:COMP) which jumped +1.84%.

However, the biggest winner for the week is Crude Oil (NYMEX:CL.Z16.E) which is up +5.32% for the week. The big loser is gold (NYMEX:GC.Z16.E) which is down -0.87%. Let’s examine how the Trade Triangles are positioned in both of these markets. Continue reading "Ford To Stay In America, Two Trump Thumbs Up On This One" →