Big Advantages of Trading with the Wave Principle

Posted on by The INO.com Team

What advantages does the Wave Principle offer to traders?

Here's one of the big advantages of using the Wave Principle when trading: you can increase your understanding of how current price action relates to the market's larger trend.

Other tools fall short in this regard. Several trend-following indicators such as oscillators and sentiment measures have their strong points, yet they generally fail to reveal the maturity of a trend. Moreover, these technical approaches to trading are not as useful in establishing price targets as the Wave Principle. Continue reading "Big Advantages of Trading with the Wave Principle" →

Stocks Rally On Positive Reaction To Fed Announcement

Posted on by The INO.com Team

(RTTnews)After showing a lack of direction throughout morning trading on Thursday, stocks moved substantially higher in the afternoon amid a positive reaction to the Federal Reserve's highly anticipated monetary policy announcement.

The major averages moved roughly sideways going into the close, ending the day sharply higher. The Dow jumped 206.51 points or 1.6 percent to 13,539.86, the Nasdaq surged up 41.52 points or 1.3 percent to 3,155.83 and the S&P 500 soared 23.43 points or 1.6 percent to 1,459.99. Continue reading "Stocks Rally On Positive Reaction To Fed Announcement" →

Federal Reserve's statement Thursday

Posted on by The INO.com Team

Below is the statement the Fed released Thursday after its policy meeting:

Information received since the Federal Open Market Committee met in August suggests that economic activity has continued to expand at a moderate pace in recent months. Growth in employment has been slow, and the unemployment rate remains elevated. Household spending has continued to advance, but growth in business fixed investment appears to have slowed.

The housing sector has shown some further signs of improvement, albeit from a depressed level. Inflation has been subdued, although the prices of some key commodities have increased recently. Longer-term inflation expectations have remained stable. Continue reading "Federal Reserve's statement Thursday" →

Daily Video Update: Did Apple deliver and is the FED going to do it?

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 13th of September.

Did Apple deliver? Is the glass half full or half empty? Now that the iPhone5 is out, the question becomes did Apple deliver a superior product and a new game changer for the industry? Only time and the market can answer those questions.

Apple and the German courts have all made their announcements this week. That info has been talked about and digested and is now off the table. The market is now waiting for the Fed, which will announce their decision and view on the economy at 12:30 today. The FED seems to have done a better job than Apple in keeping their cards close to their vest on this announcement.

The market is divided in terms of whether the FED is going to give us another QE3, an ongoing QE program, or do nothing. A small minority think there will be nothing announced today and the Fed will continue to watch their data for more signs of a recession.

We know what the charts are saying and prefer to go with that sentiment over all others.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video

Precious Metal Morning Commentary

Posted on by The INO.com Team

October gold was higher overnight as it consolidates around the 75% retracement level of this year's decline crossing at 1734.00. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off May's low, the 87% retracement level of this year's decline crossing at 1767.20 is the next upside target. Closes below the 20-day moving average crossing at 1678.30 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 1747.00. Second resistance is the 87% retracement level of this year's decline crossing at 1767.20. First support is the 10-day moving average crossing at 1709.00. Second support is the 20-day moving average crossing at 1678.30. Continue reading "Precious Metal Morning Commentary" →