MarketClub TV for 8/29/12: September could be a killer month for stocks

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 29th of August.

In today's episode of MarketClub TV, we will be covering inflation and the bull market in the commodity sector. We will be examining crude oil more closely, given the fact that hurricane Isaac has now made landfall in Louisiana.

Why are the markets so quiet? Could September be a killer month? History has shown that September is the scariest month for Wall Street. Many traders remember September of 2008. Could this September be a repeat of the 2008 disaster? Europe and Ben Bernanke hold the keys to how September plays out.

We will be examining the nine major sectors and point out which ones are performing well, and which ones to avoid. We will be also looking at one index that is not performing the way it should be.

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 Continue To Show A Lack Of Direction

Posted on by The INO.com Team

(RTTNews) - Stocks have shown a lack of direction over the course of the trading day on Wednesday, extending the lackluster performance seen over the course of the two previous sessions. Traders remain reluctant to make any significant moves.

The major averages are currently lingering near the unchanged line, showing moves off less than a tenth of a percent. While the Nasdaq is down 0.52 points at 3,076.62, the Dow is up 2.30 points at 13,105.29 and the S&P 500 is up 0.75 points at 1,410.05. Continue reading "Stocks Continue To Show A Lack Of Direction" →

Morning Currency Commentary

Posted on by The INO.com Team

The September Dollar was slightly higher due to light short covering overnight. Stochastics and the RSI are oversold and are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 82.22 are needed to confirm that a short-term low has been posted. If September extends the decline off July's high, the 62% retracement level of the April-July rally crossing at 81.02 is the next downside target. First resistance is the 10-day moving average crossing at 81.84. Second resistance is the 20-day moving average crossing at 82.20. First support is last Thursday's low crossing at 81.22. Second support is the 62% retracement level of the April-July rally crossing at 81.02. Continue reading "Morning Currency Commentary" →

Questions for MarketClub TV? (Early Edition)

Posted on by The INO.com Team

Adam and Jeremy are back with special edition episode of MarketClub TV tomorrow at 1pm EDT.

We are looking for questions about the markets, specific stocks or anything else that you would like them to talk about.

Please leave a comment or email us at

ma**********@in*.com











 

Stocks mixed in thin trading; oil creeps over $96

Posted on by The INO.com Team

Mixed economic data kept the stock market hovering near break-even Tuesday. One report on home prices looked encouraging, and another on consumer confidence was worrisome.

House prices increased in all major U.S. cities in June, according to the closely watched Standard & Poor's/Case-Shiller home-price index. The report was the latest sign that the housing market has been gaining strength.

"I thought it was terrific," said Phil Orlando, chief equity strategist at Federated Investors. "If you look at all of the key housing metrics over the past year _ affordability, building permits, starts _ all those numbers are pointing in the right direction." Continue reading "Stocks mixed in thin trading; oil creeps over $96" →