Bad news about jobs spooks markets

Posted on by The INO.com Team

By CHRISTINA REXRODE
AP Business Writer

(AP:NEW YORK) Investors homed in on bad news about jobs in the U.S. and Europe Wednesday. They sent stocks down in early trading, erasing the hope generated the day before about a brisk May for the market.

The Dow Jones industrial average fell 78 points to 13,201 in the first hour of trading. The day before it closed at the highest point in four years, propelled by encouraging reports about U.S. manufacturing.

The broader Standard & Poor's 500 fell 11 points to 1,395. The Nasdaq composite index fell 16 points to 3,034. Continue reading "Bad news about jobs spooks markets" →

A look at tech companies with recent IPOs

Posted on by lindsay

By The Associated Press

Here's a look at how some companies that had initial public offerings of stock since January 2011 are faring. The companies are all loosely Internet-related, though their businesses vary widely.

April 26: Online games company Zynga Inc., which began trading publicly on Dec. 16, reported a net loss in the first quarter because of stock-compensation expenses, but adjusted earnings of 6 cents per share were a penny better than what Wall Street expected. Revenue grew 32 percent to $321 million.

Angie's List Inc., a consumer-reviews site that began trading publicly Nov. 17, says its first-quarter loss widened as it spent more on marketing and operations. That offset a 76 percent jump in revenue.

Coming up:

Thursday: LinkedIn Corp. (first day of trading on May 19)

May 8: Jive Software Inc. (first day of trading on Dec. 13), Demand Media Inc. (first day of trading on Jan. 26, 2011)

May 14: Groupon Inc. (first day of trading Nov. 4)

Not yet known: Pandora Media Inc. (first day of trading on June 15).

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Trends, Retracements and Reversals

Posted on by The INO.com Team

By: Chris Irvin, Veteran Instructor & Trader at The Wizard

When we are looking a social media and pop culture it seems that trends change by the minute.  I read recently that the seniors leaving collage this year believe that email is dead.  It is essentially the snail mail of the 21st century and has been replaced by texting.  Waiting for an email response just takes too long.   As I get older, it takes me longer to identify trends, and I often miss the signals that they are coming to an end.  Just ask my kids – they will agree with me.

When it comes to the stock market some people suffer from the same difficulties.  They cannot see the market trends and have a tough time seeing the signals that those trends are coming to an end.  This is a critical skill in the trading world.  The truth is that everything is trending.  It does not matter if you trade stocks, currencies or futures, in some timeframe there will be an observable trend.

In this blog we are going to discuss the definition of a trend, and more importantly how to recognize the difference between “Retracements” and  ”Reversals.” Continue reading "Trends, Retracements and Reversals" →

Indices Insider Australia and Asia: More sideways action in Asia, but it may not last very long.

Posted on by The INO.com Team

By Chris Tedder

www.forex.com

Price action in Asia has, yet again, been broadly sideways over the last week, but most markets have at least managed to push into the green, albeit only just. The ASX 200 and Hang Sang are up around 1.77% and 2.28% for the week, respectively. Whereas, the Nikkei has been hit harder by renewed concerns about the European crisis, poor earnings and a strong yen, and has fallen around 2.48% in the last 5 trading days, which means it is now one of the worst performing markets in Asia this year.

Last week global equity markets were being led forward by a slew of positive earnings reports out of the US, but without this investors are finding a reason to rally is eluding them. This sentiment is hitting the Nikkei 225 hard as Japanese exporters struggle with a strong yen and recent earnings weigh on stock prices. Japan is also struggling under the weight of an ageing economy and weak levels of global demand, thus the market is underperforming most of its counterparts in Asia. Continue reading "Indices Insider Australia and Asia: More sideways action in Asia, but it may not last very long." →

Stocks sharply higher on upbeat manufacturing data

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Tuesday, the 1st of May.

While Adam is away we will be providing the daily update in written form each day with videos on Monday, Wednesday and Friday each week.

DailyXchange
Post and prosper with other MarketClub members everyday.

3 Stocks on the move today:
SHLD (Sears Holdings), ADM (Archer-Daniels Midland), and USO (United States Oil).

DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Stocks sharply higher on upbeat manufacturing data" →