Chart to Watch - STX

Posted on by The INO.com Team

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Seagate Technology Public Limited Company. (STX).

This week let's take a look at STX which looks to have great upside potential.

STX has made a strong move off the low showing that buyers are very interested in this stock right now.

The MACD has crossed the zero line and is trending up which is bullish. Continue reading "Chart to Watch - STX" →

S&P 500 Reaches A New Five-Year Closing High

Posted on by The INO.com Team

The Standard and Poor's 500 closed at another five-year high Thursday after the stock market got a boost from reports suggesting the outlook for economic growth may be improving.

The S&P 500 rose 11.10 points to 1,472.12, its highest close since December 2007, when the U.S. economy was entering the Great Recession. It also closed at a five-year high on Friday and is now 93 points off its record close of 1,565.15, logged in October 2007.

The Dow Jones industrial average closed up 80.71 points at 13,471.22. The Nasdaq composite rose 15.95 points to 3,121.76.

European Central Bank President Mario Draghi said the struggling euro zone should start growing again later this year, but he warned that the region has yet to reach a turning point in its struggle with recession and handling its government debt load. The comments bolstered expectations that the worst of the region's crisis may be behind it. Continue reading "S&P 500 Reaches A New Five-Year Closing High" →

New Video: We delve into the HERBALIFE Smackdown

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 10th of January.

There is a real smackdown going on in the stock of HERBALIFE (HLF). William Ackman, a major hedge fund manager, is accusing HERBALIFE of being nothing more than a pyramid scheme. That is a pretty serious charge about a public company. On the other side of the smackdown is Daniel Loeb, another big hedge fund manager, who is saying that the accusation is all bull crap. Who's right? We are not taking sides, but it looks to us like they are both talking their positions.

With that in mind, we decided to take a close look at HERBALIFE using our Trade Triangle technology and come to an unbiased opinion on this stock. In today's video, in addition to HERBALIFE and our normal rundown, we will be analyzing Ford Motor Company and Facebook, two very different companies. I think you will find today's video interesting and educational. Continue reading "New Video: We delve into the HERBALIFE Smackdown" →

Gold as a Weapon in the Currency War: Chris Mancini

Posted on by admin

The Gold Report: You recently wrote, "Gold mining companies are no different from any other company in that company managements must determine the most effective way to return capital to shareholders."

In an environment where there haven't been corresponding increases in equity prices to the price of gold, how does a management group effectively grow per-share value for shareholders?

Chris Mancini: If you're too big and don't think that you can grow on a per-share basis, the answer is to return some of the cash to shareholders through a dividend. If a company doesn't have high-quality, high-return-on-capital, low-risk projects to deploy that cash flow into, then a portion should be returned to shareholders as a dividend.

TGR: We haven't seen a whole lot of that. Continue reading "Gold as a Weapon in the Currency War: Chris Mancini" →