Tag: Mid-Day Report

Greece Is Not A Black Swan Event

Posted on by The INO.com Team

It seems like this never-ending, ongoing Greek tragedy is like an Energizer battery as it just keeps going and going and going.

In order for something to qualify as a "black swan event", it has to come out of the blue and be a total surprise to the market. Certainly, Greece cannot claim to have just happened or come out of the blue. It seems like this train wreck of a country has been going on forever without a resolution. The fact that the markets are only down a bit as of this writing and have the potential to close unchanged indicates that most of the US equity markets have already discounted the "Greek Effect".

Today I will be looking at all the major indices and commenting on what has taken place. Continue reading "Greece Is Not A Black Swan Event" →

Optimism For Greece - Can It Last?

Posted on by The INO.com Team

It started in the Far East and was immediately picked up by the European stock markets with many of them soaring over 3% for the day. All of which was overshadowed by the Athens Stock Index which was up over 8%. Can anyone say happy days are here again?

It would appear to this observer that the world wants a positive outcome from this self-induced Greek tragedy.

Last week, on Thursday to be exact, you may remember buy signals were triggered on the S&P 500 and the NASDAQ based on the Trade Triangle technology. That signal did not apply to the Dow which remains a laggard. The Dow could join the S&P 500 and the NASDAQ should it trade above 18,169 this week. As of this writing, the DOW is about 30 to 40 points away from giving a buy signal based on the Trade Triangle technology. Continue reading "Optimism For Greece - Can It Last?" →

Are These Stocks Right For You?

Posted on by The INO.com Team

Yesterday, I mentioned that I thought the lows seen in most of the major indices would be interim lows and I expected to see a bounce from those lows.

Today, we are seeing that bounce and I have three stocks that I believe you should be looking at, and perhaps buying, if they meet your risk profile.

I will show you why you should be buying these stocks and the exact rules I'm following to buy them. You will be able to mimic these same rules using the tools available to you as a MarketClub member.

The three stocks I'm looking at are: Continue reading "Are These Stocks Right For You?" →

Caution Advised, The Danger Flags Are Up!

Posted on by The INO.com Team

Yesterday, the weekly Trade Triangles flashed warning signs on both the S&P 500 and the NASDAQ. This is the first indication we have had indicating that the intermediate-term trend for both of these indices has turned negative.

Now before you go selling everything, just remember this is not a major signal, it is just a warning sign that things may be going sideways to lower for a while. Look at the weekly Trade Triangles like the canary in the mine - if you don't exit the scene, there could be bigger trouble later on.

As many of you are aware, the markets have been moving sideways for quite some time now without any real solid direction. When you look at the broader picture, it would appear as though we are in a wide trading range, bound by the recent highs and lows that were seen in late March. Continue reading "Caution Advised, The Danger Flags Are Up!" →

When Two Women Get Into A Fight, It's Never Pretty

Posted on by The INO.com Team

This morning, Christine Lagarde, the boss of the International Monetary Fund, announced to the world that the Federal Reserve should hold off raising interest rates until 2016. I do not ever remember the head of the IMF ever saying anything like that before.

So the question begets, is she trying to save her own skin by doing a classic political move and pointing the finger at somebody else, in this case Janet Yellen, head of the Federal Reserve?

My advice on this, it's not going to be pretty and the IMF should take care of its own screw-ups (like Greece) before trying to fix the screw-ups in America.

With that said, let's take a look at what's really going on in the marketplace today. I'm going to look at the major indices with the Trade Triangle technology, which by the way is totally nonpartisan and unbiased, and just goes with the flow.

Here's what the Trade Triangle technology is saying right now. Continue reading "When Two Women Get Into A Fight, It's Never Pretty" →