Stocks rise, and investors wait for the Fed

Posted on by The INO.com Team

The stock market edged higher Wednesday after a court cleared the way for Germany to participate in a European rescue fund. Attention shifted to the Federal Reserve, which began a big two-day meeting.

The highest court in Germany ruled that the country could contribute to Europe's $640 billion rescue fund to help indebted governments. The ruling offered investors relief, but not much more.

The issue was "more speed bump than hurdle," Dan Greenhaus, chief global strategist at the brokerage BTIG, told clients. "More legislative and political challenges lay ahead. Today's ruling simply does nothing to change that larger story." Continue reading "Stocks rise, and investors wait for the Fed" →

Daily Video Update: All eyes turn to Apple today, and the Fed tomorrow

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 12th of September.

The big news today is Apple and the possible launch of the new iPhone5. Is this going to be enough to spark the GDP as some have suggested? And in turn, propel the NASDAQ, the DOW and the S&P 500 to new highs?

In other big news today, the German court allowed ratification of the bailout fund with conditions. That positive news out of Germany was enough to raise European shares to 14-month highs.

We still believe that Greece is going to exit the Euro and we still believe that Spain and Italy have problems that have yet to be faced. If interest rates are held down, perhaps they can squeeze by, but the austerity measures are going to be hard to live with for some of these countries.

Are Ben Bernanke and the Federal Reserve going to begin inflating the economy again with another QE program? This would be QE3, and the market seems to be banking on that possibility and more positive news out of the Fed. As we mentioned yesterday, the charts are telling us that something big and positive is going to happen, it's only a question of when. If the third stimulus is approved, that's what is going to propel the markets to move to new highs.

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

Stocks rise after EU bailout hurdle cleared

Posted on by The INO.com Team

U.S. stocks edged up in early trading Wednesday, after Germany's high court cleared the way for the country to participate in a European rescue fund.

The Dow Jones industrial average rose 35 points to 13,361 shortly after 10 a.m.

Germany's highest court ruled Wednesday that the country could contribute to Europe's (EURO)500 billion ($640 billion) rescue fund to help indebted governments. Continue reading "Stocks rise after EU bailout hurdle cleared" →

Morning Energy Market Commentary

Posted on by The INO.com Team

October crude oil was higher overnight and poised to test resistance marked by the 62% retracement level of this year's decline crossing at 98.22. Stochastics and the RSI are bullish hinting that sideways to higher prices are possible near-term. If October renews the rally off June's low, the 75% retracement level of this year's decline crossing at 102.50 is the next upside target. Closes below the reaction low crossing at 93.95 would confirm that a short-term top has been posted while opening the door for additional weakness. First resistance is the 62% retracement level of this year's decline crossing at 98.22. Second resistance is the 75% retracement level of this year's decline crossing at 102.50. First support is the reaction low crossing at 93.95. Second support is the reaction low crossing at 91.97. Continue reading "Morning Energy Market Commentary" →

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (September 10 through September 14)

As we begin the last of a three week stretch of policy statements from the United States and Europe, the Precious Metals maintain their upward bias.

December Gold futures rallied to another new high overnight, as traders continue to price in last week’s news from Europe and anticipated bullish news from the US FED this Thursday. Continue reading "Gold Chart of the Week" →