Stocks rally as Europe unveils debt crisis plans

Posted on by The INO.com Team

By DANIEL WAGNER
AP Business Writer

The Dow Jones industrial average jumped more than 200 points, joining a surge in global markets, after European leaders agreed to easier bank bailouts and regional oversight for their troubled financial sector.

Leaders in Brussels unveiled a plan to funnel money to banks directly from a regional bailout fund. They also agreed to ease austerity measures that are causing political unrest and agonizing recessions in Greece and other nations that have received bailouts. Continue reading "Stocks rally as Europe unveils debt crisis plans" →

Choosing an Overseas Bank: First Ask These Questions

Posted on by The INO.com Team

Colleen Murphy, International Man

International Man readers are a savvy bunch, well-familiar with the benefits of a foreign bank account. To recap just a few: financial diversification, access to investment opportunities in other countries, a measure of privacy, and the potential to earn a higher interest rate than your low-yield "savings" account at home. The advantages are numerous, but so are the considerations. Will my money be safe? How will I access the funds? How do I start the process?

Answers to these questions depend entirely on your personal circumstances, and anyone beginning to diversify should seek advice from a qualified professional. Before seeking (and paying) for any advice, it helps to think seriously about your needs and goals. Considering the following points will save you time and money. Continue reading "Choosing an Overseas Bank: First Ask These Questions" →

Stock Indexes Morning Report

Posted on by The INO.com Team

The September NASDAQ 100 closed sharply lower on Thursday as it extended the decline off this month's high. The low-range close sets the stage for a steady to lower opening when Friday's night session begins trading. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If September extends the decline off last week's high, June's low crossing at 2418.25 is the next downside target. Closes above the 10-day moving average crossing at 2564.62 would temper the near-term bearish outlook. Closes above last week's high crossing at 2628.25 are needed to renew this month's rally. First resistance is this month's high crossing at 2628.25. Second resistance is the reaction high crossing at 2639.75. First support is today's low crossing at 2503.50. Second support is this month's low crossing at 2418.25. Continue reading "Stock Indexes Morning Report" →

Chart to Watch

Posted on by The INO.com Team

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Dendreon Corp. (DNDN) Continue reading "Chart to Watch" →

Daily Video Update: ObamaCare, the European Summit, the end of the month and Q2, what's there to worry about?

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 28th of June.

Forget the news, forget the political pundits. Let the market decide what's going to happen. The decision by the Supreme Court today on ObamaCare, was met with a decided negative vote from the market.

The bottom line is and always will be, the market. It tells you what is really going on with the smart money, and what they are doing with their money. Aren't they the ones that you want to follow? Continue reading "Daily Video Update: ObamaCare, the European Summit, the end of the month and Q2, what's there to worry about?" →