Stocks follow global markets lower

Posted on by The INO.com Team

A batch of worrying economic figures tugged stock markets slightly lower Thursday. Measures of manufacturing and business activity in both China and Europe slumped.

In the U.S., the railroad Norfolk Southern warned that it's shipping fewer goods, and the government gave investors another reminder that the job market remains weak.

The Standard & Poor's 500 index fell 0.79 of a point to close at 1,460.26. The Nasdaq composite index dropped 6.66 points to 3,175.96. Three stocks fell for every two that rose on the New York Stock Exchange. Continue reading "Stocks follow global markets lower" →

Daily Video Update: Starbucks goes to war

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Thursday, the 20th of September.

The markets have trimmed earlier losses but remain lower after reports showed jobless claims fell less than forecasted, while the Philadelphia Federal Reserve Bank's gauge of regional manufacturing activity remained sluggish. Investors are also concerned about the global economy after weak data from China and Eurozone.

Green Mountain Coffee Roasters (GMCR -7.01%) shares fell as Starbucks (SBUX +1.59%) rolled out its Verismo-branded line of single-serve coffees, along with a selection of electric brewers. Of course this product launch is directly aimed at GMCR's Keurig Machines. Is it too late for Starbucks?

Now, let’s go to the charts and our Trade Triangles and see what’s happening. Click Here to view today's video

Every Success,
Jeremy Lutz

Morning Currency Commentary

Posted on by The INO.com Team

The December Dollar was higher overnight as it extended the short covering rally off last Friday's low. Stochastics and the RSI are turning bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 80.67 are needed to confirm that a short-term low has been posted. If December extends the decline off July's high, weekly support crossing at 78.55 is the next downside target. First resistance is the 10-day moving average crossing at 79.64. Second resistance is the 20-day moving average crossing at 80.67. First support is last Friday's low crossing at 78.72. Second support is weekly support crossing at 78.55. Continue reading "Morning Currency Commentary" →

AMD and MarketClub's Trade Triangle Technology

Posted on by The INO.com Team

                                                                                 Try MarketClub's Signals for 30 Days

In this short video we will show you how you would of traded AMD (Advanced Micro Devices, Inc.) using power of the Trade Triangles and our Weekly/Monthly Strategy.

We would love to hear your feedback about this video. Please leave a comment below and tell us what you think.

Every Success,
The MarketClub Team

Stocks Close Modestly Higher Amid Light Trading

Posted on by The INO.com Team

Stocks moved modestly higher over the course of the trading day on Wednesday, although buying interest remained subdued. Lingering uncertainty about the near-term outlook for the markets helped to keep traders on the sidelines.

The major averages gave back ground going into the close but managed to end the day posting slim gains. The Dow inched up 13.32 points or 0.1 percent to 13,577.96, the Nasdaq crept up 4.82 points or 0.2 percent to 3,182.62 and the S&P 500 edged up 1.73 points or 0.1 percent at 1,461.05.

The modest strength on Wall Street was partly due to news of additional stimulus from the Bank of Japan, although the bank's decision to increase its asset purchase program by 10 trillion yen was largely seen as symbolic since the purchases are exclusively earmarked for 2013. Continue reading "Stocks Close Modestly Higher Amid Light Trading" →