Game On! The Dow Closes Over 16,000

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Friday, the 22nd of November.

With yesterday's record high close of 16,009.99 in the Dow (INDEX:DJI), it would appear as though the stage is set for further gains in this index. Many of the stocks that make up this index are doing very well, stocks like Intel (NASDAQ:INTC), American Express (NYSE:AXP), Bank of America (NYSE:BAC), Walt Disney (NYSE:DIS), Home Depot (NYSE:HD), JP Morgan (NYSE:JPM) and so on. Only one stock in the Dow 30 Index appears to be in a full negative trend according to the Trade Triangles and that stock is Cisco (NASDAQ:CSCO).

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Has Crude Oil Bottomed Out? Maybe.

Posted on by The INO.com Team

Today, I am going to take an in-depth look into the world of crude oil. The question on most traders' minds is, has this market finally bottomed out?

As you can see on the chart, crude oil prices have been had been steadily moving higher for the most part of this year, until they peaked in September. We see (1) a strong supporting trend line which hit three places on the chart, making it a valid trend line of some importance. This trend line was dramatically broken in October and since then, the price of crude oil has fallen from over $100 a barrel to around the $94 a barrel level. Two events indicated this could happen, the (2) double top and divergence on the chart and (3) the divergence on the RSI indicator. Continue reading "Has Crude Oil Bottomed Out? Maybe." →

Apple, Amazon, and Yahoo = Apathy

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 20th of November.

Apple (NASDAQ:AAPL)

Today, I'm putting Apple under the microscope and looking at the various scenarios I can see playing out for this stock. As many of you know, I'm a very big Apple fan and I love Apple products. However, there are times when I don't share the same feelings for the stock of Apple.

Amazon (NASDAQ:AMZN)

The stock of Amazon is barely changed for the week and continues to consolidate over the $360 level. I still feel that this stock can lazily move up to the $400 level by the end of the year. Continue reading "Apple, Amazon, and Yahoo = Apathy" →

Could Bad Data Be Depressing the Gold Price?

Posted on by admin

The Gold Report: Eric, you published an Open Letter to the World Gold Council saying that the massive imbalance between supply and demand is not reflected in prices because available statistics are misleading, and that is the most important obstacle to a healthy gold mining industry. Why has it been so difficult to get accurate statistics and what should be measured to get a better picture of demand, particularly in emerging markets?

Eric Sprott: I have always had a dispute with the data that Thomson Reuters GFMS Gold Survey puts out, which the World Gold Council uses as the basis for its analysis of gold. Since I've been involved in the gold market, the supply always magically equals the demand. Of course, we know that's almost impossible. Continue reading "Could Bad Data Be Depressing the Gold Price?" →

Janet Yellen Nails it

Posted on by The INO.com Team

From an earlier post by Biiwii.com guest Doug Noland:

Senator Dean Heller: "A quick question about quantitative easing: Do you see it causing an equity bubble in today’s stock market?"

Yellen: "I mean, stock prices have risen pretty robustly. But I think that if you look at traditional valuation measures, the kind of things that we monitor, akin to price-equity ratios, you would not see stock prices in territory that suggests bubble-like conditions. When we look at a measure of what’s called the equity risk premium, which is the differential between the expected return on stocks and safe assets like bonds, that premium is not – is somewhat elevated historically, which again suggests valuations that are not in bubble territory."

Thank you Ms. Yellen for testifying to my point.  Equities are not in a bubble by "traditional valuation measures", just as I have been saying.  If you are sincerely and actively bearish the market you had better be bearish because you either think monetary policy is about to fail (i.e. its efficacy is going to wane) or that policy makers are going to be forced to cease and desist, most likely by the Treasury bond market. Continue reading "Janet Yellen Nails it" →