Market Ends Choppy Trading Day In Negative Territory

Posted on by The INO.com Team

Stocks showed a lack of direction throughout the trading day on Thursday as traders digested a mixed batch of economic data. Uncertainty ahead of Friday's monthly jobs report also contributed to the lack of conviction among traders.

Most of the major sectors showed only modest moves on the day, although considerable strength was visible among networking stocks. The NYSE Arca Networking Index surged up by 2.2 percent, regaining some ground after ending the two previous sessions sharply lower.

Infinera (INFN), Alcatel-Lucent (ALU), and Ciena (CIEN) turned in some of the networking sector's best performances.

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Continue reading "Market Ends Choppy Trading Day In Negative Territory" →

Today's Video Newsletter: Uncertainty leads to choppy trading

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Thursday, the 31st of January.

Uncertainty ahead of tomorrow's monthly jobs report is contributing to choppy trading today. Following yesterday's disappointing fourth quarter GDP report, the Labor Department released a report before the start of trading showing a bigger than expected rebound by weekly jobless claims.

The Labor Department said initial jobless claims rose to 368,000 in the week ending on January 26th, an increase of 38,000 from the previous week's unrevised figure of 330,000. Economists had been expecting jobless claims to climb to 350,000 after hitting a five-year low in the previous week. Continue reading "Today's Video Newsletter: Uncertainty leads to choppy trading" →

Fed to keep up stimulus

Posted on by The INO.com Team

The Federal Reserve said Wednesday that the U.S. economy "paused" in recent months because of temporary factors and reaffirmed its commitment to try to stimulate growth by keeping borrowing cheap for the foreseeable future.

The Fed took no new action at its two-day policy meeting. But it stood behind aggressive steps it launched in December to try to reduce unemployment, in a statement released after the meeting.

Last month the Fed said it would keep its key short-term interest rate at a record low at least until unemployment falls below 6.5 percent. The rate is currently 7.8 percent.

And it said it would keep buying $85 billion a month in Treasurys and mortgage bonds to try to keep borrowing costs low and encourage spending. Continue reading "Fed to keep up stimulus" →

Today's Video Newsletter: Will a name change save RIMM?

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Wednesday, the 30th of January.

The big news today is that RIMM announced it will change its name to BlackBerry to maintain a single brand. It will have the ticker symbol "BBRY" on the Nasdaq Stock Market. Along with that news, they unveiled 2 new phones for their Blackberry 10 system. The questions remains, is this to little to late?

The markets are extremely flat and quiet today ahead of the Fed's monetary policy announcement due at 2:15 pm ET.

Let's take at look at the markets and see what the Trade Triangles are telling us.

Have a great trading day,
Jeremy Lutz

Click Here to view today's video

What the Narrowing WTI/Brent Price Gap Means for Investors

Posted on by admin

The Energy Report: U.S. oil prices hit their third peak of 2012 soon after your last interview with us, then bottomed around $85 per barrel ($85/bbl) in early November. Now they're back in the mid-$90s. What's causing the recent strength?

Elliott Gue: New pipeline capacity is alleviating some of the supply crude glut in places like Cushing, Oklahoma. As a result, West Texas Intermediate (WTI) has gained ground against Brent, which is now trading just under $114/bbl and has been in that same $107115/bbl range since August. Over the next year or so, a number of other pipelines will open up to the Gulf Coast, which will help narrow the spread between Brent and WTI.

TER: Will the increased oil supply at the Gulf refineries be good for gasoline prices? Continue reading "What the Narrowing WTI/Brent Price Gap Means for Investors" →