Daily Video Update: Super Mario to the rescue!

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 6th of September.

Now that Mario Draghi, the head of the ECB, has spoken we will let the market decide how it wants to interpret his language. Early indications show the market liked what it heard from "Super Mario" and the shorts are getting squeezed out of the major index markets again.

Of the three equity markets we track in this report, only the DOW has not confirmed itself to be in a bull market.

Earlier today the gold market shot over the psychological $1,700 an ounce level based on concerns that the ECB would be printing more money. That coupled with the Fed printing dollars would lead to inflation worldwide. It was exactly one year ago today that gold made its all-time high of $1,920.26 an ounce. We have been, and continue to be bullish on gold and silver.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Stocks Seeing Substantial Strength In Mid-Day Trading

Posted on by The INO.com Team

(RTTNews) - Stocks have moved sharply higher over the course of the trading day on Thursday after ending the previous session nearly flat. The markets have benefited from a positive reaction to the latest news out of the European Central Bank along with a batch of upbeat U.S. economic data.

The major averages have moved roughly sideways in recent trading, hovering near their best levels of the day. The Dow is up 232.57 points or 1.8 percent at 13,280.05, the Nasdaq is up 60.08 points or 2 percent at 3,129.35 and the S&P 500 is up 26.07 points or 1.9 percent at 1,429.51. Continue reading "Stocks Seeing Substantial Strength In Mid-Day Trading" →

ECB bond plan gets cheered in markets

Posted on by The INO.com Team

Markets rallied Thursday as investors cheered a package of measures from the European Central Bank that is designed to ease Europe's debt crisis and secure the future of the euro currency.

Stocks, well as the euro and the price of oil, have enjoyed a bumper five weeks after ECB president Mario Draghi said the central bank would do "whatever it takes" to save the euro.

On Thursday, it seems Draghi met expectations in the markets. _ stocks powered ahead alongside the bond prices of countries such as Italy and Spain. Continue reading "ECB bond plan gets cheered in markets" →

What to Do When – Not If – Inflation Gets Out of Hand

Posted on by The INO.com Team

By Jeff Clark, Casey Research

The cheek of it! They raised the price of my favorite ice cream.

Actually, they didn't increase the price; they reduced the container size.

I can now only get three servings for the same amount of money that used to give me four, so I'm buying ice cream more often.

Raising prices is one thing. I understand raw-ingredient price rises will be passed on.

But underhandedly reducing the amount they give you… that's another thing entirely. It just doesn't feel… honest. Continue reading "What to Do When – Not If – Inflation Gets Out of Hand" →

Bernanke Plays it Perfectly

Posted on by The INO.com Team

From last week’s opening segment:

“Another way to look at it is that the market’s fate appears to rest with the jawbone of the man about to speak at Jackson Hole on Friday.”

From last week’s closing ‘Wrap Up’ segment:

“I think the theme now is that if you are a trader and if you have profits it is a logical time to take some or all of them.”

We know that the decelerating economic backdrop (with inflation measures in check) is supportive of a Fed going unconventionally dovish in unleashing QE style policy if it so chooses.  We also know that the political backdrop is not supportive, with Republicans sounding off about a gold standard and a soon to be former Fed chief. Continue reading "Bernanke Plays it Perfectly" →