Daily Update: How many ways can Europe kick the can down the road?

Posted on by The INO.com Team

Due to technical difficulties we will not be posting a video today.

Hello MarketClub members everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market report for Friday, the 17th of August.

Yesterday the markets shrugged off negative news and focused on the comments from German Chancellor, Angela Merkel. Ms. Merkel, who just returned from vacation, has somehow miraculously endorsed the European Central Bank’s conditional support for Spain and Italy. On the other side of the coin, a Finnish official has suggested that Euro zone leaders are preparing for the worst, including a possible breakup of the currency bloc.

Upon further inspection, Ms. Merkel's statements of support leave room for a great deal of interpretation. We see it quite simply as delay, delay, delay, and yet another way for politicians to kick the can down the road. Continue reading "Daily Update: How many ways can Europe kick the can down the road?" →

Friday Grains Commentary

Posted on by The INO.com Team

December corn was lower overnight as it consolidates some of this week's short covering rally. Stochastics are neutral to bearish signaling that sideways to lower prices are possible near-term. Monday's close below the 20-day moving average has opened the door for additional profit taking near-term and a possible test of the reaction low crossing at 7.45 1/2. Closes below the reaction low crossing at 7.45 1/2 would confirm that a pre-harvest top has been posted. If December renews this summer's rally into uncharted territory, the July 5th measuring gap projects a potential rally to the 8.54 1/2 area. First resistance is last Friday's high crossing at 8.49. Second resistance is the July 5th measuring gap projection of a potential rally to the 8.54 1/2 area. First support is Monday's low crossing at 7.86. Second support is the reaction low crossing at 7.45 1/2. Continue reading "Friday Grains Commentary" →

Futures flat as more retailers post earnings

Posted on by The INO.com Team

Stock futures are relatively flat ahead of the release of the latest data on consumer sentiment and after a mixed bag of earnings from retailers.

Dow Jones industrial futures are down 9 points to 13,216. The broader S&P futures have given up 1.2 points to 1,411.90. Nasdaq futures are up 2.75 points to 2,766.25.

The University of Michigan releases its monthly consumer sentiment index just before 10 a.m. Eastern time Friday. Economists expect a slight decline. Continue reading "Futures flat as more retailers post earnings" →

Stocks Break Sideways Trend With Strong Upward Move

Posted on by The INO.com Team

Stocks moved mostly higher over the course of the trading day on Thursday after initially showing a lack of direction. The markets benefited from a positive reaction to quarterly results from Cisco (CSCO) as well as remarks by German Chancellor Angela Merkel.

The major averages pulled back off their highs going into the close but remained firmly positive. The Dow rose 85.33 points or 0.7 percent to 13,250.11, the Nasdaq jumped 31.46 points or 1 percent to 3,062.39 and the S&P 500 advanced 9.98 points or 0.7 percent to 1,415.51. Continue reading "Stocks Break Sideways Trend With Strong Upward Move" →

Daily Video Update: The Excitement of Going Nowhere Fast

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 16th of August.

The market has been grinding higher almost daily and today would mark the 6th day in a row that this market has closed higher. With our long-term Trade Triangle still in a negative mode, we are not excited about chasing the current rally. Intermediate traders should be out of this market, while long-term traders should either be on the sidelines or short the S&P 500 index.

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