Daily Video Update : Is a market correction ahead or is this market going to make it seven weeks in a row?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 20th of August.

The US equity markets have closed higher six weeks in a row. While this is not an impossible feat, it is rather unusual to see a market move higher six weeks in a row without seeing some sort of correction. We think one of the reasons the markets have moved higher is very light volume.

We still have all the problems we had before, Europe, the elections coming up in November, China slowing down, and none of this is going away anytime soon. So is this week going to end up higher, or are we going to close lower for the week? We are skeptical the market can stitch together seven weeks of higher closing in a row given the proximity of major resistance at the April 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

The Pussy Riots in Russia

Posted on by The INO.com Team

In Moscow this week, the all-female Russian rock band "Pussy Riot" was convicted of "hooliganism" and sentenced to two years in prison. The heinous crime was staging a forty second event last February, protesting the Russian church’s support of the Kremlin. Russian President Putin weighed in on the case by pleading for the courts to be lenient on the young ladies and viola; the three were spared summary executions and sentenced to a forced vacation in a Siberian Gulag. This crafty response by the Kremlin was designed to scare Putin opponents but not foreign investors which are sorely needed to grow the stalled Russian economy. Continue reading "The Pussy Riots in Russia" →

Beyond the Spotlight: Highlighting This Week's Potential Breakouts

Posted on by The INO.com Team

September 2012 Euro Currency

The September 2012 Euro Currency contract lows are trading along a lower trend line, touching at 1.2051 (7/24/12), 1.2140 (8/02/12), and 1.2258 (8/16/12). A close below the lower trend line will trigger a sell entry. It appears the market will need to settle at 1.2280 or lower for confirmation of a breakout. The Trend Seeker (a GBE trading tool) confirms the market is in a down trend. The 50 day moving average (1.2387) is just above recent highs which could act as resistance and a natural level for stop losses. A short term target could be the 1.2051 low from 7/24/12. The stochastic indicator crossed over to sell signal and MACD is converging. These indicators may fall in line once the breakout occurs. Continue reading "Beyond the Spotlight: Highlighting This Week's Potential Breakouts" →

Will Bernanke Save the Equity Markets?

Posted on by The INO.com Team

By Vedran Vuk, Casey Research

How far is the Fed from reaching the bottom of its ammunition box?

Well, both Mario Draghi and Ben Bernanke said no to yet more monetary stimulus last week.

Wall Street unsurprisingly was disappointed.

Wall Street expected more stimulus, as institutional investors are analyzing monetary policy from their own perspective rather than the central bank's viewpoint – understandable, but a big mistake. Continue reading "Will Bernanke Save the Equity Markets?" →

Chart to Watch - AMRN

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 Amarin (AMRN) Continue reading "Chart to Watch - AMRN" →