Daily Video Update: "Rabbit, rabbit, rabbit."

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 1st of November.

"Rabbit, rabbit, rabbit" is a common British superstition which states that a person should say the words "rabbit, rabbit, rabbit" out loud upon waking on the first day of the month. According to legend and lore, this will ensure good luck for the duration of that month.

One trader I knew on the floor of the CME carried a rabbit's foot in his pocket everyday! He claimed it gave him good luck with his trading. Judging from his success, I would have to say it worked!!

So don't forget, on the first of December to say "rabbit, rabbit, rabbit" when you wake up. It can't hurt.

The stock markets are gradually getting back to normal and into the swing of things again. Certainly today's 1% rally in the major indices is a good indication that more and more traders are once again back at their desks and focusing on the markets. Continue reading "Daily Video Update: "Rabbit, rabbit, rabbit."" →

Bob Moriarty's Stock Tales from the Crypt

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The Gold Report: Appropriately for this time of yearHalloween and the Day of the Deadgold's hold above $1,700/ounce (oz) seems to be reviving some junior mining stock prices that had been left for dead. What are some names with a heartbeat?

Bob Moriarty: NOVAGOLD (NG:TSX; NG:NYSE.MKT) has come back from the dead a couple of times. In 2001 or 2002, NOVAGOLD was the number one gaining stock on the Toronto Stock Exchange. It reached $20/share at one point. In 2008, it hit a low of $0.46/share; 18 months later it had bounced back to $17/share.

TGR: And today it trades at $5/share.

BM: The lesson here is to buy when stocks are cheap and sell when they get expensive. Too many investors in the junior mining space marry the damn stocks. They fail to sell and take their profit when they have the chance. If investors aren't willing to sell at a profit, the only alternative is that they sell at a loss.

"Too many investors in the junior mining space fail to sell and take their profit when they have the chance." Continue reading "Bob Moriarty's Stock Tales from the Crypt" →

Stocks mixed after historic 2-day close

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Stocks closed mixed on Wednesday in their first session since Hurricane Sandy forced an historic two-day shutdown of trading.
The Dow Jones industrial average slipped 10.75 points to 13,096.46. The Standard & Poor's 500 index rose, but barely _ up 0.22 of a point to 1,412.16.

Investors were nervous that a flood of orders after two days of pent-up demand from customers might lead to volatile trading. But stock prices barely budged at the opening, and stayed within a tight range throughout the day.

"It's been very smooth," Duncan Niederauer, CEO of NYSE Euronext, told CNBC from the exchange floor shortly after the opening bell. "The market-making community is more than staffed enough to be open." Continue reading "Stocks mixed after historic 2-day close" →

Daily Update: Did Sandy create a plus or a minus for the U.S. Economy?

Posted on by The INO.com Team

Due to technical issues associated with Hurricane Sandy we do not have a video today.

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 31st of October.

Well there is no question about it, the last few days have been devastating for millions of residents in the Northeast.

Sandy certainly lived up to her billing as the "Storm of the Century" as she left a path of epic destruction in the wake. Luckily our corporate headquarters, which are based in the mid-Atlantic region on the Chesapeake Bay, missed the wrath of this very serious storm. Continue reading "Daily Update: Did Sandy create a plus or a minus for the U.S. Economy?" →

Poll: Hurricane Sandy and the Stock Market

Posted on by The INO.com Team

Hurricane Sandy did a lot of damage to the North East of the U.S. Which has us wondering how she will affect the economy and the stock market. Take a minute to vote on our poll and leave your comments below.

Will Hurricane Sandy be good or bad for the stock market?

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Good luck getting back into the swing of things today as the markets open up after a historic 2 day closing.

Every Success,

Jeremy