Paris - A Seminal Moment In History

Posted on by The INO.com Team

Make no mistake about it, the horrific terrorist acts that took place in France on Friday were indeed an act of war against the West. French President Francois Hollande should be congratulated for calling the attacks for what they were and not hiding behind some politically correct verbiage. Our hearts and prayers go out to the people of France and indeed to Europe.

My concern is, what is going to happen to the markets and how the events in Europe are going to translate across the Atlantic to our equity markets. The world continues to change but one thing is for sure, we're all linked financially for better or worse.

Let's take a look at the major indices individually and and see what's happening this afternoon. Continue reading "Paris - A Seminal Moment In History" →

What Do All Super Traders Have In Common?

Posted on by The INO.com Team

Often what is missing from an unsuccessful trader's strategy has nothing to do with what trading software they are using or which technical indicators they follow, but more about their psychology as a trader.

What differentiates these "super traders" from the rest of us? Well, read the questions below and if you answer 'no' to any of them, then you may be lacking important characteristics that are holding you back from trading success.

-  Have you learned to develop patience with your trading?
-  Do you know how to come out of a loss as a better trader?
-  Are you able to avoid trading panic?
-  Do you love trading?

Watch today as Jack Schwager, best-selling author of Market Wizards, presents a powerful guide to get you on the road to profitability.

WATCH NOW: Market Wizard Insights

Enjoy,
The INO TV Team

Japanese Bonds: Yield of Dreams?

Posted on by The INO.com Team

By Elliott Wave International

Saber-tooth tiger. Woolly mammoth. Japanese government issued bonds?

Well it's happened. After years of enduring an unrelenting bear market (marked by plunging yields and rising prices) -- the long-battered Japanese government bond has made it on to the endangered financial species list.

Asks one October 26 Reuters: "JGB's on the edge of extinction?"

The prognosis isn't looking good. In late October, the yield on the 10-year JGB plunged below .300% for the first time in six months. While everyone from Japanese retailers to foreign investors continue to abandon the JGB for other higher-yielding assets.

Which begs the question, why is Japan's bond market facing annihilation? Continue reading "Japanese Bonds: Yield of Dreams?" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Copper Futures

Copper futures in the December contract are trading lower for the 8th consecutive trading session currently trading at 2.17 a pound after settling last Friday in New York at 2.24 as I've been recommending a short position from around the 2.31 level and if you took that trade continue to place your stop loss above the 10 day high which is at 2.36 as the chart structure will start to improve in next week’s trade. Prices are trading far below their 20 and 100 day moving average hitting a 6 year low as there is very little demand for this product as oversupply issues keep hampering prices to the downside as I think 2.00 is in the cards over the next week or two so continue to play this to the downside, however if you have missed this trade you have missed the boat as the risk is too high as the 10 day high is too far away so look at other markets that are beginning to trend. Continue reading "Weekly Futures Recap With Mike Seery" →

Retail Points To A Softer Economy

Posted on by The INO.com Team

As I reported a while back, Macy's is in trouble and headed lower. Today U.S. retail sales were reported and rose less than expected in October. One of the big surprises was the automobile sector and the decline in the purchases of new cars.

The Commerce Department reported that retail sales edged up 0.1 percent last month after being unchanged in September. Economists and traders had been looking for a sales increasing 0.3 percent.

In today's report, I will be looking at Macy's Inc. (NYSE:M), J.C. Penney Company Inc. (NYSE:JCP), Bebe Stores Inc. (NASDAQ:BEBE) and Nordstrom Inc. (NYSE:JWN). In addition to the soft retail sector, I will also be looking at Apple Inc. (NASDAQ:AAPL) which continues to erode and could be very close to a turning point. Continue reading "Retail Points To A Softer Economy" →