Worst Weekly Loss Of 2019 For Stocks

Posted on by The INO.com Team

Hello traders everywhere. The Dow was down over 300 points or -1.19%, meanwhile the S&P 500 and Nasdaq are posting daily losses over -1%. Friday's decline capped off a deep sell-off this week that will be the worst weekly loss for the stock market of 2019 with the S&P 500, DOW and NASDAQ losing -3.5%, -3.5% and -4.4% respectively.

Worst Weekly Loss

Stocks declined Friday as President Donald Trump said "there's no need to rush on a trade agreement with China" and "tariffs will make the United States stronger". Continue reading "Worst Weekly Loss Of 2019 For Stocks" →

Stocks End Slide Edging Higher

Posted on by The INO.com Team

Hello traders everywhere. After two days of losses, stocks have ended their slide and are moderately higher on the day. The Dow was up as much as 130 points Wednesday, rebounding from earlier losses. The S&P 500 and NASDAQ have each gained about 0.3%. The Dow was down 75 points at its low in early trading.

Stocks End Slide

The move can be attributed to comments by President Donald Trump via Twitter saying that China is coming this week to make a deal, that comment was later affirmed by White House Press Secretary Sarah Sanders. Sanders told reporters that the White House has gotten "indications" that the Chinese delegation coming to Washington wants to make an agreement.

Earnings season is entering its final stretch, first-quarter profits are now seen rising 1.2%, a sharp improvement from the 2.3% decline expected at the start of the season. Of the 426 S&P companies that have reported so far, about 75% have beaten profit estimates, according to Refinitiv data.

Key Levels To Watch This Week:

Continue reading "Stocks End Slide Edging Higher" →

U.S. Crude Production In February Reflects Unscheduled GOM Maintenance

Posted on by Robert Boslego

The Energy Information Administration reported that February crude oil production averaged a surprising 11.683 million barrels per day (mmbd), down 187,000 b/d from January. The drop was totally the result of unscheduled maintenance in the Gulf of Mexico (GOM), which averaged 1.719 mmbd. Production had been over 1.9 mmbd in November through January.

Crude Production

Despite drops in January and February, crude production still rose by a spectacular 1.219 mmbd from June through February, a period when capacity takeaway constraints had been expected to slow down the growth in Texas.

Production in Texas rose by 69,000 b/d to a record 4.890 mmbd. That was nearly offset by a decline in North Dakota of 64,000 b/d due to seasonal factors. Continue reading "U.S. Crude Production In February Reflects Unscheduled GOM Maintenance" →

US Stock Markets Could Rally Beyond Expectations

Posted on by Chris Vermeulen

Late Sunday afternoon, President Trump surprised the global markets with the announcement of increased trade tariffs with China relating to the ongoing trade negotiations and delayed trade talks between the two global superpowers. The global markets reacted immediately upon the open Sunday night (Asian open). The VIX short position puts quite a bit of professional traders at risk of big losses today while those of us that were prepared for an increase in volatility and price rotation is poised for some incredible opportunities.

The US stock market is set up for a price move that will likely make many people very wealthy while frustrating many others over the next few months. We’ve recently posted many articles regarding the 2020 US Presidential election cycle and the fear cycle that comes from these major political events. In November 2016, we remember watching Gold rally $60 early in the election night, then fall $100 as news began reporting the surprise winner. There is so much capital, and future capital expectations that ride on these election cycles – it can actually drive the markets in one direction or another.

Right now, we have two things we want to alert you to regarding our proprietary Fibonacci price modeling utility. First, the current trend is Bullish and the chance of a downside price move is still valid. Remember, one of the primary price rules within Fibonacci price theory is that price must ALWAYS attempt to seek out new highs and new lows – at all times. This means that once price establishes new price highs, any failure to continue establishing new price highs, through standard price rotation, will result in its price attempting to establish new price lows. Continue reading "US Stock Markets Could Rally Beyond Expectations" →

IPO ETFs A Better Way To Play Lyft, UBER, And Other Hyped Listings

Posted on by Matt Thalman

The IPO market is back on fire and investors are once again falling over each other trying to get a piece of the newest publicly traded companies. The recent initial public offering of Lyft (LYFT) is a perfect example of why investors really should avoid getting caught up in the hype of a big IPO. To see why all you need to do is look at the stock chart of Lyft and see how it has fallen after its amazing ‘pop’ on its first day of trading.

The stock has a high of $88.60 per share, but is currently trading below the $60 per share range and has fallen as low as $54 per share. Lyft is not the only example of this flawed IPO process. Facebook (FB), Snap (SNAP), Blue Apron (APRN), DropBox (DBX) are just a few of the other bigger name IPOs that have had lots of hype surrounding them and nice jumps on the first days of trading but soon fell out of favor with investors. With Facebook, while it may have taken some time to gain traction, the stock did come back from its post IPO fall and has performed well for investors, but the others have yet to do so.

The issue with heavily hyped IPOs is that the companies rarely live up to the hype and the stock soon falls below IPO prices as investors realize growth and actual fundamentals of these companies don’t match the pre-IPO hype.

Now, this isn’t to say that all IPOs are failures. Roku (ROKU), DocuSign, (DOCU), BJ’s Wholesale Club (BJ) are all examples of recent IPOs that are trading higher than their initial public offering price and have rewarded shareholders.

So, you may be wondering how you filter out the IPO winners and loser? Continue reading "IPO ETFs A Better Way To Play Lyft, UBER, And Other Hyped Listings" →