Dollar Correction Not Over

Posted on by Lior Alkalay

Lior Alkalay - INO.com Contributor - Forex


It was back on 13 April that I highlighted the breaking point for the dollar, which could lead to a dollar correction after a prolonged rally. What was that breaking point? If inflation gauges showed that the strong dollar weighed on the inflation outlook, then the dollar would begin its correction. And so indeed, shortly after, the dollar began to plunge against its European peer, the euro, as investors switched into euro longs and dollar shorts. The reason? Data suggested that the US economy wasn't growing as quickly as expected, and most inflation gauges suggested that inflation still wasn't returning.

And then, two weeks ago, the tide turned once again and investors began dollar buying once more as core inflation nudged up and the Eurozone, with the looming Greek crisis, seemed weak again. But is the dollar correction really over? Don't count on it… Continue reading "Dollar Correction Not Over" →

2 Stocks To Watch This Week

Posted on by The INO.com Team

This week, you may want to keep your eye on 2 stocks:

AliBaba Group Holding LTD (NYSE:BABA) and Under Armour (NYSE:UA)

Both of these stocks are in positive trends and have seen a recent pullback from their highs. Is this a good time to buy?

Let's start with the chart of AliBaba and go through the numbers.

Alibaba chart

1. We have a +85 Trend Score as both the weekly and monthly Trade Triangles are positive, indicating a strong upward trend.
2. $120 is the all-time high for this stock and that was shortly after its initial IPO.
3. Major negative force trend line.
4.- 5. Positive divergence on the RSI line versus negative price action.
6. Breakout over the negative force trend line.
7. Trend change with the monthly Trade Triangle at $91.88.

Strategy: Continue reading "2 Stocks To Watch This Week" →

Bike Like A Girl - INO Cares June 2015

Posted on by lindsay

INO.com President, Adam Hewison, is a giant fan of cycling! You may have already noticed this, as many of our INO Cares campaigns revolve around the sport of cycling.

Adam busted through my office door one day with great enthusiasm and excitement. He told me all about Bike Like A Girl, an 8-woman team participating in Race Across America (RAAM), who are raising money and awareness by empowering girls and women through cycling. Adam wanted to jump right in and become a Continental Cruiser Sponsor for this team of powerful women, many of whom are from our very own neighborhood. If they succeed, this Bike Like A Girl team will be only the second women-only team in history to complete the race!

We are proud to sponsor them for our June INO Cares campaign.

The race will begin on June 20th, 2015 in Oceanside, CA. The team hopes to finish the race in Annapolis, Maryland, 7 days later on June 27th. INO.com employees and other cycling enthusiasts will cheer on these women as they cycle down Main St. to the Annapolis Harbor.

As one of their premium sponsors, we will follow these women as they cycle across our great nation and attempt to set a new transcontinental record. We will share maps, videos, pictures and more.

If you would like to contribute to Bike Like A Girl, please visit their website. All donations are fully tax deductible through a 501(c)(3). Contributions will be used to support programs through World Bicycle Relief, Women’s Cycling Association and Bicycle Advocates for Annapolis & Anne Arundel County.

We hope you'll enjoy the updates on the RAAM and the Bike Like A Girl Team as they write their own piece of history.

Best,
Lindsay Bittinger
INO.com, Inc.

This Stock Is Best In Class In The High Growth Auto Parts Industry

Posted on by Daniel Cross

Daniel Cross - INO.com Contributor - Equities


The S&P 500 is expected to return around 10% for 2015 – year-to-date though, it's only up 2.35%. Yields on bonds are slowly tracking higher in advance of the Fed interest rate hike, but still remain far below historical averages. Commodities haven't fared well either with oil plunging in the past year and gold trading relatively flat. However, there's no such thing as a market without opportunity.

The auto parts industry is growing at a tremendous rate – for one company, the 5-year expected EPS growth rate is over 20%. In April, I wrote about the opportunities in the auto industry for manufacturers. The auto parts segment is a great way to play off of that angle.

A significant tailwind for the industry is the fall in gas prices that we've seen over the last few months. While prices have begun to rise again, consumers have already been logging more miles in their vehicles since they can travel further for the same cost. Increased wear and tear on motor vehicles translates into high demand for auto parts. Continue reading "This Stock Is Best In Class In The High Growth Auto Parts Industry" →

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.

Crude Oil Futures

Crude oil futures exploded this Friday afternoon in New York trading higher by $2.60 a barrel currently at 60.26 reversing recent losses as yesterday prices hit a 6 week low and traded down to $56.51 rallying $5 since as there are rumors of facilities being shut down due to the Texas and Oklahoma floods but time will tell to see if that’s actually true. Crude oil futures are now trading above their 20 and 100 day moving average showing high volatility as I’ve been recommending a short position when prices hit a four week low around the $58 level and if you took that trade we are underwater currently so place your stop loss above the 10 day high which remains at 61.75 risking around $1.50 or $750 per mini contract plus slippage and commission from today’s price level. Continue reading "Weekly Futures Recap With Mike Seery" →