Stocks Close Sharply Higher Following Recent Weakness

Posted on by The INO.com Team

(RTTNews) - After trending lower in recent sessions, stocks showed a strong move back to the upside over the course of the trading day on Friday. The markets benefited from a positive reaction to some Chinese economic data as well as JP Morgan's (JPM) quarterly results.

The major averages saw continued strength going into the close, ending the day firmly in positive territory. The Dow jumped 203.82 points or 1.6 percent to 12,777.09, the Nasdaq surged up 42.28 points or 1.5 percent to 2,908.47 and the S&P 500 soared 22.02 points or 1.7 percent to 1,356.78. Continue reading "Stocks Close Sharply Higher Following Recent Weakness" →

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 SPDR ETf S&P 500. (SPY) Continue reading "Chart to Watch" →

Daily Video Update: Friday the 13th and the price of "Whale Meat"

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 13th of July.

This morning before the bell, JP Morgan Chase announced their earnings for the second quarter and the size of the loss they took on a synthetic derivative (whale) trade made out of their London office. I guess the price of whale meat is about $5.8 billion. We may see more losses from that trade come out later, but for now they're admitting to a $5.8 billion loss. However, the market is acting in a positive manner to this earnings announcement and JP Morgan Chase is trending higher for the day and is now also higher for the week. The same cannot be said for the overall stock market, which is at this moment showing a net loss for the week.

TODAY'S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500 Continue reading "Daily Video Update: Friday the 13th and the price of "Whale Meat"" →

WASDE Review and Yield Scenarios for Corn & Soybeans

Posted on by The INO.com Team

By: Craig Turner

CORN:

The WASDE increased ending stocks to 903 million bushels for 2011-2012 corn, up from 851 previously. The USDA has the July Corn yield at 146.0 and cut demand over 1 billion bushels. It is important to note what the yield is as of July 1 for the USDA. One can make the argument that since July 1 we have lost more bushels and we are probably closer to a 140 yield now. Continue reading "WASDE Review and Yield Scenarios for Corn & Soybeans" →

A Four-Chart Lesson in Spotting Trade Setups

Posted on by The INO.com Team

By Elliott Wave International

You can find low-risk, high-confidence trading opportunities by trading with the trend. The trick is to find the end of market corrections, so you can position yourself for the next move in the direction of the trend.

This excerpt from Jeffrey Kennedy's free 47-page eBook How to Spot Trading Opportunities explains where to find bullish and bearish trade setups in your charts and how to zero-in on these opportunities. If this lesson interests you, the full 47-page eBook is free through July 16. Continue reading "A Four-Chart Lesson in Spotting Trade Setups" →