3 Ways to Identify Support and Resistance - 5 Chart Examples

Posted on by The INO.com Team

By: Elliott Wave International

Today's lesson considers three ways to identify price support and resistance in the markets you trade.

  1. Previous highs and lows
  2. Trendline support
  3. Fibonacci Ratios

These examples are adapted from Jeffrey Kennedy's Trader's Classroom service.

1) Uptrends terminate at resistance while downtrends terminate at support. Previous highs and lows often act as resistance and support.

In ALCOA Inc (AA), the September 2012 selloff found support near the previous July 2012 low.

The February 2013 peak occurred following a test of resistance at the January peak at $9.33. Continue reading "3 Ways to Identify Support and Resistance - 5 Chart Examples" →

Apple Joins The DOW And Tesla Has Range Anxiety

Posted on by The INO.com Team

Hello traders and MarketClub members everywhere today is a big day for Apple as the world's most valuable company is officially joining the DOW after the close of business today. Leaving the Dow is poor old AT&T. They are getting booted out in favor of Apple.

I say congratulations to Apple Inc. (NASDAQ:AAPL) and I hope that they do very well being a major component in the DOW. The biggest component in this particular index will be Goldman Sachs (NYSE:GS). This is the first time that you had an investment bank represents over 7% of the weighted Dow index. So the most watched index in the world should be worth watching again. Continue reading "Apple Joins The DOW And Tesla Has Range Anxiety" →

3 Stocks That Could Do Well No Matter What The Fed Does

Posted on by The INO.com Team

Hello, traders and MarketClub members everywhere. Today I'm going to be looking at 3 stocks that I found using the recent Trade Triangles scan. These 3 stocks are all exhibiting powerful chart and technical features that bode well for their future.

Here are the 3 stocks and a brief description of what they do. Continue reading "3 Stocks That Could Do Well No Matter What The Fed Does" →

Loving Our Community Via SCAN - INO Cares February 2015

Posted on by lindsay

INO.com President and MarketClub Co-creator, Adam Hewison, has loved the South County Assistance Network (SCAN) for years. He and his wife have made this their go-to charity, as it directly benefits members in their tight-knit community. SCAN, based in Lothian, Maryland, is an organization of individuals from the faith and business community who work together to provide assistance to those in need. Among their services, SCAN provides a food bank for county residents and assists with the payment of heating bills for community members in need during the harsh winter months.

Last year, Adam and INO.com Co-owner, David Maher, purchased food for SCAN. A few members of the INO family then delivered it to the food bank headquarters. Each giant jar of peanut butter was hand-delivered with love in hopes that it would provide nourishment to our neighbors. Continue reading "Loving Our Community Via SCAN - INO Cares February 2015" →

Does QE Really Work?

Posted on by George Yacik

George Yacik - INO.com Contributor - Fed & Interest Rates


Perhaps you didn't hear about it, or if you did you dismissed it because of who said it, but I found some comments by Greece's finance minister over the weekend about the European Central Bank's quantitative easing bond buying program very insightful – and in synch with my own thoughts.

Speaking at the Ambrosetti Forum in Italy over the weekend, Yanis Vardoulakis warned that the ECB's purchases of sovereign bonds, which started last week, will create an unsustainable stock market bubble that is unlikely to boost private-sector investments in the euro zone.

"QE is all around us, and a great deal of optimism hangs on it," Varoufakis said in his speech, "Presenting an Agenda for Europe. "At the risk of sounding like a party pooper, let me say that I find it hard to imagine how the broadening of the monetary base in our fragmented, and fragmenting, monetary union will transform itself into a substantial increase in private investment in productive activity." Continue reading "Does QE Really Work?" →