Tag: Mid-Day Report

What Are The Big Trends?

Posted on by The INO.com Team

Today, the last trading day of May, I'm going to be looking at where the markets are in comparison to the last trading day of April.

Traders sometimes lose sight of the big picture and big market trends. That's where the monthly charts come in and are so useful.

If you just look at the action today you might think the general market was down for the month. The reality is that it's not down and is higher for the month. At the time of this writing, the S&P 500 index is up 1% for the month. The NASDAQ is doing even better and is up 2.4% for the month of May. The DOW is also positive with a gain of 1.3%. In fact, if you look at the charts, the S&P 500 is going to close at an all time monthly high - if nothing dramatically changes from now until the close. The same holds true for the NASDAQ which will be closing at its best levels ever on a monthly basis. Continue reading "What Are The Big Trends?" →

Don't Let Choppy Markets Get The Best Of You!

Posted on by The INO.com Team

Sometimes markets can be very frustrating when they lack direction and appear to be indecisive as to which direction they want to move. When that happens, I always take a look at the major trend, as that gives you a strong clue as to what the future is going to bring.

Every market cycle has its ups and downs and markets tend to go higher and lower than most people anticipate. It is just the nature of the beast.

In today's video, I'm going to look at the big picture in the Dow, NASDAQ and the S&P 500. Each of these indexes are microcosms of what traders are thinking. Continue reading "Don't Let Choppy Markets Get The Best Of You!" →

7 Stocks That Are Set To Rip

Posted on by The INO.com Team

Today I'm going to be looking at seven stocks that are very close to making a breakout and move to the upside.

As this is a shortened week with no trading on Monday, you will want to pay particular attention to how these stocks close this Friday. All of the stocks are well-known and are setting themselves up for continuation moves.

The seven stocks I will be looking at are: Continue reading "7 Stocks That Are Set To Rip" →

Surprise, Greece Has No Money

Posted on by The INO.com Team

It just seems to this observer that the Greek kabuki dance is never ending. How can banks keep lending money to a country that is insolvent? That seems a little backward and just stupid to me. What do you think of the situation in Greece?

Here's the reality of the situation, Greece is going to default, the bankers may as well get ready to write off those loans as the money is not coming back. The next question is, whose next, Portugal, Spain or Italy? The next buzzword that is going to come out of all this is contagion. I think when Greece exits the eurozone it will be good for the euro longer-term. Think of it like when a company announces bad earnings and fires the CEO. The stock price has anticipated and discounted all the bad news and for the most part things get better over time for that company. The euro is the same way as pretty much all the bad news is out, except the actual exit of Greece from the euro.

Sooner or later it's going to come to crunch time and time is getting short. Angela Merkel and Germany are going to have to swallow their pride and make some important decisions very soon.

So onto the only economy that seems to be working and that is the US. Today I'm are going to be looking at the major indices to see if they are beginning to tire or getting ready for another upward push.

I'm also going to be looking at three stocks today. Continue reading "Surprise, Greece Has No Money" →

Hey, It's Just The Cost Of Doing Business

Posted on by The INO.com Team

Today the Justice Department announced that it was levying fines against some of the world's major banks for rigging the foreign-exchange markets. The fines announced totaled $2.8 billion. Yes, I know that's a lot of money, but the reality is it's just the cost of doing business for these banks.

If the Justice Department really wants to get serious on this issue I think they should put some of these bankers in jail, that's what they fear the most - not the money fines. Jail time is the answer to stamping out the illegal activity and white collar crime.

Meanwhile, Citigroup Inc. (NYSE:C), a stock I discussed last week as a buy, is practically unchanged for the day and remains higher for the week. The fines levied by the Justice Department against the banks were like water off a duck's back.

In today's video, I'm going to be looking at all the major markets including the three major indices. I will also be looking at gold, crude oil and the euro and time permitting, one or two stocks.

Tell us what you think, do you think that these bankers should go to jail or was the fine large enough to satisfy everyone?

Have a great day treating everyone.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub