Tag: Gold

Daily Video Update: Consumer confidence jumps to a seven month high

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 25th of September.

Let me start off by saying thank you to Jeremy, who has been providing the daily update to you while I was cruising the Gulf of Maine in a 112-year-old three-masted schooner.

What has happened since I was enjoying my cruising days? Not a lot I'm afraid, the markets continue to consolidate and regroup after their recent gains. There have been no major trend changes since I was away, which is good.

Looking across the pond at Europe, I see the same story and the back-and-forth, kicking the can down the road continues. It looks as though the Euro has pulled back from its bull run, however the trend continues to be positive.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.

Click Here to view today's video

Gold Chart of the Week

Posted on by The INO.com Team

Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

WEEKLY GOLD REPORT (9-24 through 9-28)

After a fairly choppy trade last week, the December Gold Futures were able to pull off a rally to chart resistance last night before finally feeling the pressure of a strong US Currency. While the US Dollar spent most of last week recovering from a three week drop, Gold prices remained relatively unchanged.

Last night Gold Futures climbed to $1775 an ounce before losing momentum and falling almost $20. All of this action had taken place before the open of the pit in New York on Monday morning. I mentioned in last weeks report that key upside resistance for Gold would likely target numbers in $25 increments. I truly expected much more out of Gold, following the FED’s announcement to move forward with QE3, and especially after finding out that Japan also went back to the printing press. My target last week was $1800 and possibly $1825. While I was disappointed in the choppy market, I am pleased to see that Gold continues with the trend of using targets with $25 resistance levels. Continue reading "Gold Chart of the Week" →

Daily Video Update: Global economy sends the market lower

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Monday, the 24th of September.

Stocks are down today, as global economic growth concerns again take center stage. Worries over a global economic slowdown and the strengthening dollar pushed commodities down, further weighing on the markets. Crude Oil and Copper are taking a hit as demand in China slows down.

In Europe, stocks were decidedly lower as concerns over Greece and Spain intensified. Spain remains in focus this week, with the results of bank stress tests due Monday.

Now, let’s go to the charts and our Trade Triangles and see what’s happening. Click Here to view today's video

Every Success,
Jeremy Lutz

Daily Video Update: Spain Looks to Secure Bailout

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Friday, the 21st of September.

Stocks have continued to perform well over the course of the trading day today. While buying interest has remained relatively subdued, the markets continue to benefit from news out of Europe.

That news of course is that European Union officials are working behind the scenes to pave the way for a new Spanish rescue program and unlimited bond buying by the European Central Bank. Will this actually happen? Or is just a another smoke screen coming out of Europe?

Crude Oil is continuing to struggle and I noticed a powerful technical indicator in Gold today that we'll discuss.

Now, let’s go to the charts and our Trade Triangles and see what’s happening. Click Here to view today's video

Every Success,
Jeremy Lutz

Daily Video Update: Starbucks goes to war

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Thursday, the 20th of September.

The markets have trimmed earlier losses but remain lower after reports showed jobless claims fell less than forecasted, while the Philadelphia Federal Reserve Bank's gauge of regional manufacturing activity remained sluggish. Investors are also concerned about the global economy after weak data from China and Eurozone.

Green Mountain Coffee Roasters (GMCR -7.01%) shares fell as Starbucks (SBUX +1.59%) rolled out its Verismo-branded line of single-serve coffees, along with a selection of electric brewers. Of course this product launch is directly aimed at GMCR's Keurig Machines. Is it too late for Starbucks?

Now, let’s go to the charts and our Trade Triangles and see what’s happening. Click Here to view today's video

Every Success,
Jeremy Lutz