U.S. unemployment aid applications rise

Posted on by The INO.com Team

The number of Americans seeking unemployment benefits increased just 4,000 last week to a seasonally adjusted 352,000. The slight gain kept applications at a level consistent with solid hiring and suggests March's sluggish hiring may be temporary.

The Labor Department report released Thursday also noted that the four-week average, a less volatile measure, rose to 361,250.

Applications are a proxy for layoffs. They jumped three weeks ago to a four-month high, but then plummeted the following week. The sharp fluctuations reflected volatility around the Easter holiday, department officials said. Overall, applications have declined slightly since January.

Job growth slowed sharply in March. Employers added only 88,000 jobs last month, much lower than the average monthly gain of 220,000 from November through February. Continue reading "U.S. unemployment aid applications rise" →

3 Technical Tools That Predicted The Apple Implosion!

Posted on by The INO.com Team

Let's dissect and analyze Apple (NASDAQ: AAPL) today as it just moved below $400 for the first time since December of 2011.

In today's Trade School video, we're going to be looking at the stock of Apple (NASDAQ: AAPL) in light of today's market action. I will be analyzing Apple using three very standard technical tools in a way that may be unfamiliar to you.

I will share with you exactly how you could have made money in Apple (NASDAQ: AAPL) and how a certain combination of technical tools have produced some very positive results. This easy-to-use approach can be adapted for your own trading.

This simple approach can be used by everyone and allows you to disregard the fundamentals and earnings reports of any stock and still come out ahead of the game.

Thanking you in advance for watching this video on Apple.

Adam Hewison
President, INO.com
Co-Creator, MarketClub

Today's Video Update: Fear And Uncertainty Enter The Markets

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 17th of April.

Fear And Uncertainty Enter The Markets
It is only Wednesday, but it has been one heck of a week already! The biggest take away for me this week, was the big moves seen on Monday in equities, gold and crude oil. For the first time, we are seeing the twin elements of fear and uncertainty enter into the markets. These two elements are incredibly powerful and tend to move markets much more than fundamentals ever do. The battle lines are clearly drawn for the equity markets with the lows seen on Monday as the proverbial "line in the sand" for equity traders. Crude oil and gold are now both in clear downtrends and are set to still move lower. Continue reading "Today's Video Update: Fear And Uncertainty Enter The Markets" →

Gold Is Plunging -- Which Commodities Are Joining It?

Posted on by admin

By: Street Authority

Although the U.S. stock market has generated a healthy glow this year, the commodity complex appears to be entering into a growling bear market. Just consider these stats:

  • After a sharp drop on April 15, gold has plunged nearly 20% since the year began and nearly 30% since hitting an all-time high of around $1,900 per ounce in the autumn of 2011.
  • West Texas crude oil has slipped from $97 per barrel to $87 in just the past two weeks.
  • Copper has slid roughly 12% this year and is off roughly 27% since the summer of 2011 peak.
  • If aluminum breaches the 80 cents per pound mark (it's currently at 82 cents), it will see its lowest levels since the summer of 2009.

Unless these commodities quickly stabilize, they will all start to break key resistance levels and head even lower. Yet it's unwise to lump all commodities together, and the factors affecting one of them is quite distinct from all others. Continue reading "Gold Is Plunging -- Which Commodities Are Joining It?" →

Don't Panic, Buy Silver

Posted on by admin

The Gold Report: Precious metal bullion and equities are taking a hit right now in the market. Why do you feel silver is an interesting investment today?

Rick Mills: There is a disconnect this year between silver and gold. They usually trade in lockstep, and their market prices are doing that.

As of April 2, more than 140 tons of gold has flowed out of various exchange traded funds (ETFs) this year, while silver ETFs have added more than 20 million ounces (20 Moz). Maybe that is because silver is more affordable than gold or because silver also has industrial uses.

TGR: But the ETFs do not reflect a price disparity between gold and silver. Continue reading "Don't Panic, Buy Silver" →