Fed extends "Twist" program to drive rates lower

Posted on by The INO.com Team

(AP:WASHINGTON) Below is the statement the Fed released Wednesday after its policy meeting:

Information received since the Federal Open Market Committee met in April suggests that the economy has been expanding moderately this year. However, growth in employment has slowed in recent months, and the unemployment rate remains elevated. Business fixed investment has continued to advance. Household spending appears to be rising at a somewhat slower pace than earlier in the year.

Despite some signs of improvement, the housing sector remains depressed. Inflation has declined, mainly reflecting lower prices of crude oil and gasoline, and longer-term inflation expectations have remained stable. Continue reading "Fed extends "Twist" program to drive rates lower" →

June Gloom for US Tax Filers

Posted on by The INO.com Team

Kevin Brekke, International Man

June brings privacy gloom for US tax filers. June 30 is the filing deadlinefor Treasury Form TD F 90-22.1 (the FBAR), wherein US persons get to stand financially naked by reporting their foreign held financial assets or accounts. The pat down was turned into a strip search with the introduction of the new IRS Form 8938 that greatly expanded the types of foreign assets now required to be reported to the US tax authorities.

Over the past 18 months, a series of changes to the reporting requirements for foreign assets held by US tax filers were introduced, including the release of the new form 8938 mentioned above. With each change came questions, as the instructions were not always clear and left tax filers hanging about how they should be interpreted - an unsettling situation, as the penalties for failure to file are absurdly extreme. However ...

There is some good news to report Continue reading "June Gloom for US Tax Filers" →

Poll: What do you think Bernanke is going to do on Wednesday?

Posted on by The INO.com Team

The Federal Reserve is meeting this week at a time of high alert over the slumping U.S. economy, the aftermath of the Greek elections and the shaky financial markets.

Whether that means it will announce any new action when its two-day meeting ends Wednesday isn't certain. But many analysts think the struggles of the U.S. economy and the threats from Europe will compel the Fed to say or unveil something to try to boost confidence. Continue reading "Poll: What do you think Bernanke is going to do on Wednesday?" →

The one trait that all top traders have in common

Posted on by The INO.com Team

At All About Trends, our mantra AT ALL TIMES is "REGARDLESS OF WHAT THE MARKET THROWS AT US".

After all that is a trait ALL top traders have in common and that is what ALL of you should be striving for vs. getting sucked up in all the Euro hoopla.

When looking at the daily charts, you can see we are hitting some resistance levels.  What we want to do is give things a little time to sort themselves out which means PATIENCE with a capital P before we get too cute in any one side of the market here. Continue reading "The one trait that all top traders have in common" →

Daily Video Update: Why Fibonacci is so Important

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 19th of June.

How Fibonacci retracements work (video).

3 STOCKS ON THE MOVE TODAY:
The following stocks had monthly buy signals based on our Trade Triangle Technology and liquid volume of over two million shares traded daily.
RAYTHEON (RTN),COSTCO WHOLESALE (COST),and CABOT OIL & GAS (COG).

TODAY'S MARKET MOVING SECTORS and STOCKS: Continue reading "Daily Video Update: Why Fibonacci is so Important" →