President Obama's address from the Oval Office last night was a good speech...

Posted on by The INO.com Team

Unfortunately the President seemed to miss the point - capping BP's huge gusher off the Gulf. Coincidentally, I read today that BP now stands for BIG PROBLEM and not British Petroleum.

Surfing around the web today I read comments like, "if we could put a man on the moon 40 years ago and 238,857 miles away, how is it that we can't cap a well that's 40 miles off the US coastline in deep water?" I, myself, am asking the same question.

I believe that the President missed the boat on this one. He has not focused the entire might of the United States on getting this problem fixed. As they say, he was a day late, and in this case, billions of dollars short.

How do you rate the President's management of the Gulf oil spill?

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It seemed outrageous to me that we had local governments wanting to get to work on clean-up and conservation, but were having to wait for permits from the Army Corps of Engineers and other Federal agencies to start making decisions. The reality is, the Federal government is huge and has no idea what the left hand is doing in regards to the right-hand. Continue reading "President Obama's address from the Oval Office last night was a good speech..." →

Morituri te salutant = Those who are about to die, salute you

Posted on by The INO.com Team

I recently had the good fortune to travel to France with my wife on holiday. We both wanted to go to Provence which is an area in France that is steeped in history and Roman antiquities.

Okay I admit, we did eat some great food and how could we not drink the wine. What's that expression, "When in Rome … "? Also Provence is home to Châteauneuf du Pape, one of the worlds best known wine regions.

We traveled all over Provence taking in the sights, smells, and yes, our share of wine. It was during a visit to the small city of Arles that the immensity of the Roman Empire really struck me. It was there that I witnessed the awe of a true Roman amphitheater.

This brings me to the popular myth, "Morituri te salutant," known as the gladiators salute. This was what was supposedly said before every gladiatorial contest in Rome and cities like Arles before the gladiators went into combat. Now I ask you, is that something that you would say before going into hand-to-hand combat with an uncertain outcome? I can think of a great many things I would be say, but "Morituri te salutant" would not be one of them. Continue reading "Morituri te salutant = Those who are about to die, salute you" →

The talk of the day is crude oil

Posted on by The INO.com Team

Whether it is the spill in the Gulf, which continues unabated, or talk on Capitol Hill, the subject is crude oil.

Today we received a signal by way of our weekly "Trade Triangle" to get long crude oil. In this new brief video, we show you the exact levels to keep your eye on and also where a logical stop would go for this position. We have had a lot of questions on Fibonacci retracements lately and this video goes into detail about that phenomenon and how you can best use it

As always our videos are free to watch and there are no registration requirements. All we ask is that comment on this market via our blog and let us know what you think.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

A quick update on the state of the S&P 500

Posted on by The INO.com Team

The sharp rally we saw on Friday followed through on Monday, but appears to have run out of steam. In this new short video, I show you what you should be looking at in this market and how I think it should be played.

The video is short, less than two minutes, but you'll get a lot of good information that will help you trade these choppy, choppy markets.

I'm also interested in your views on the S&P 500, so just leave us a comment  and tell us what you think.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

Can BP pull an Exxon?

Posted on by The INO.com Team

Unless you've been hiding in a cave somewhere, you know about the largest oil spill in U.S. history which was triggered when the Deepwater Horizon drilling rig suffered massive failure and subsequently sank, causing oil to begin gushing into the Gulf of Mexico.

Many of us also remember the Exxon-Valdez spill of 1989 which, until recently, was considered the worst in U.S. controlled waters and an environmental disaster. In the years since this tragedy in the remote waters off the Alaskan coast, Exxon has made a full recovery, including a 1999 merger with Mobil which made ExxonMobil one of the largest publicly traded companies in the last few years.

There are many differences between the Exxon spill and the recent BP spill, namely the proximity to the continental United States and its thriving coast along the Gulf of Mexico, so the question we pose to our Trader's Blog readers is, is it a great time to invest in BP stock and hold out for its recovery, or is a short position the only one to consider when talking about this market?

After you vote, be sure to tell us what you think in our comments section below.