INO.com Trader's Blog - Expert analysis, charts, trading tips and videos.

You Can Be Wrong and Happy!

Posted on April 26, 2012 by The INO.com Team

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

I have been married for 22 years, and in that time I have adopted these words as my words to live by – “You can be Right or you can be Happy.” This motto, with a slight tweak, can also go a long way in helping me with my stock market relationship.

The starting point for a meaningful relationship with the market is this: “The market is always right!” The market may not always make sense, but it is always right. The problem with many struggling traders is that they have not figured this out. If you are a trader who believed that you always have to be right, you are probably going through some difficult times. There have been several times in my own trading that following a few successful trades the word “genius” starts to creep into my internal vocabulary. This is a very bad sign. When I start to think I can’t make a bad trade, the reality is I should probably sell every position I have because I am about to be humbled. Continue reading "You Can Be Wrong and Happy!" →

MarketClub TV for 4/25/12

Posted on April 25, 2012April 25, 2012 by The INO.com Team

Did you miss tonight's episode of MarketClub TV?

Watch it now to get your market reviews for today!

All the best,
The MarketClub Team

Apple Gives NASDAQ A Leg Up

Posted on April 25, 2012 by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 25th of April.

DailyXchange
Post and prosper with other MarketClub members everyday.

MarketClub TV
Make sure you join us at 4pm ET.

DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Apple Gives NASDAQ A Leg Up" →

Apple's blowout quarter propels Nasdaq to big gain

Posted on April 25, 2012 by The INO.com Team

(AP:NEW YORK) The Nasdaq composite index shot 2 percent higher Wednesday, powered by a surge in Apple. The iPhone maker's stock climbed more than $50 after the company once again blew past Wall Street's profit forecasts.

The technology-focused Nasdaq was headed for one of its best days this year.

Apple, by far the biggest component of the index, climbed 9 percent after reporting that its earnings doubled from January through March. The company sold 35 million iPhones, twice as many as in the same quarter a year ago.

The surge made back about half of what Apple lost in the two weeks before its earnings announcement late Tuesday. One reason for the slump was an analyst's suggestion that Apple could not keep up the momentum in iPhone sales.

Stock in Apple, the most valuable public company in the world, hit $644 in intraday trading on April 10. It slid as low as $555 on Tuesday. In late morning trading Wednesday, it was up $50 at $611.

The gain helped power the Nasdaq up 56 points to 3,017. Apple makes up 12 percent of the Nasdaq, by far the biggest component. Continue reading "Apple's blowout quarter propels Nasdaq to big gain" →

US stock futures buoyed by strong earnings data

Posted on April 25, 2012 by The INO.com Team

(AP:NEW YORK) Solid earnings reports lifted U.S. stock market futures Wednesday, after boosting stocks around the world.

Dow Jones industrial average futures are up 0.29 percent at 12,996. Standard & Poor's 500 futures are gaining 0.63 percent to 1,378.80 and Nasdaq 100 futures are up 2.02 percent at 2,685.75.

Nasdaq is getting a big boost from Apple Inc., whose second quarter results topped Wall Street expectations as iPhone sales soared. Apple shares gained more than 10 percent in premarket trading, setting the stock up to resume trading above $600. Several analysts raised their price targets on the stock, with $800 becoming common.

Also turning in strong earnings reports. Boeing Co. exceeded analyst estimates on the strength of commercial airplane sales. Caterpillar posted a 29 percent jump in first-quarter profit as U.S. construction firms replaced old gear and global mining companies purchased equipment. Harley-Davidson Inc. reported a 44 percent rise in profit on a 20 percent jump in sales of motorcycles and related products. Continue reading "US stock futures buoyed by strong earnings data" →

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