Major Bearish Trend Change Overseas May Spell Trouble for U.S. Market

By: John Kosar of Street Authority

All major U.S. indices closed higher for the third consecutive week, led by the Dow Jones Industrial Average, which was up 2%. Year to date, by far the strongest major index has been the tech-heavy Nasdaq 100 (NDX), which is up 12.8%. This leadership by technology has been a key catalyst in the 2014 broad market advance, helping the SP 500 post a 7.6% gain despite a weak small cap sector. This strength in tech must continue to keep the broader market headed higher.

From a sector standpoint, last week's advance was led by financials, industrials and consumer discretionary, but all sectors of the SP 500 ended in positive territory.

Key Indices Held Major Support Levels in August

Many key indices, including the SP 500, Dow Jones Industrial Average and PHLX Semiconductor Index, have rebounded nicely from major support levels that were tested during the first week of August, and finished last week at or near their 2014 highs.

The SPDR Dow Jones Industrial Average (NYSE: DIA), which I first mentioned as a potential buying opportunity in the May 12 Market Outlook, closed out last week 3.7% above its Aug. 7 test of its 200-day moving average, a widely watched major trend proxy, and less than 1% below its July 17 all-time high of $171.32.

Although I remain cautiously positive on DIA heading into this week, I am still apprehensive about its more intermediate-term sustainability due to frothy investor sentiment, weak August-to-September seasonality, and major overhead resistance in the market-leading Nasdaq 100. Continue reading "Major Bearish Trend Change Overseas May Spell Trouble for U.S. Market"

5 Insider Tips To Multiply Your Income Like A Wall Street Pro

By: Michael Vodicka of Street Authority

In all my years in the market, I've never heard of such an incredible track record.

The IPO prospectus from high-frequency trading firm Virtu Financial reveals that in the past four years, the company has lost money in exactly one of 1,238 trading sessions.

J.P. Morgan didn't have a single losing day in 2013. Bank of America notched a perfect performance of its own in the first quarter of 2013.

Clearly, Wall Street trades and invests its own money a lot differently than the "buy and hold" strategy it preaches to its clients.

One of the best-kept secrets they use is selling options.

Does that sound scary? Intimidating? Continue reading "5 Insider Tips To Multiply Your Income Like A Wall Street Pro"

The Dirty-Little Secret Behind Corporate America's 'Buyback Frenzy'

By: Christian Hudspeth of Street Authority

Corporate America's "wealth giveaway" continues.

Ever since America's largest corporations hunkered down and began hoarding unprecedented amounts of cash to protect themselves in the aftermath of the 2008 financial crisis, investors have been hounding companies to put that money to work.

Fortunately for investors, companies have responded. But not in the way you might expect.

You see, rather than putting their cash to work through expanding product lines, opening more stores and investing for growth, many large companies have been rewarding shareholders through record amounts of dividends and share repurchases.

For the most part, this is good news for investors. But there's a hidden element to share about buybacks that you need to be aware of... because behind the scenes some companies are actually using this effective tool to erode shareholder wealth.

Let me explain... Continue reading "The Dirty-Little Secret Behind Corporate America's 'Buyback Frenzy'"

Marijuana Will Be Fast Tracked For 50-State Legalization In 2015

It's that time of the year again...

Game-Changing Stocks editor Andy Obermueller has just released his annual "shocking predictions report" for 2015.

If you aren't familiar with Andy or his shocking predictions report, then you're missing out on one of the most controversial (yet insightful) pieces of research that our company regularly publishes.

​As StreetAuthority's resident expert in what he calls "the next big thing," it's Andy's job to track down and find the market's hottest growth opportunities -- especially ones that aren't on most investors' radars yet.

We're talking about the kind of returns you've dreamed of since first learning of the stock market... Andy won't even consider making a recommendation unless it offers "10-bagger" (i.e. 4-digit gain) potential.

That's why once a year Andy publishes his shocking predictions list. This report gives him the chance to showcase some of his unorthodox -- yet most promising -- growth opportunities for the coming 12 months.

Over the years these predictions have proven convincingly accurate... Continue reading "Marijuana Will Be Fast Tracked For 50-State Legalization In 2015"

Traders Paying It Forward

Hi Traders,

For our INO.com Cares campaign, we usually select an organization that is near and dear to our heart. It is rare that we come across an organization or event where we can weave our love of trading together with our desire to help others. That is why we had to tell you about TRADERS FOR TONI.

Toni HansenToni Hansen is a mother, author, trader, teacher, and friend to many people in the trading community. She has personal relationships with those here at INO.com and her call for help has been heard loud and clear!

After blacking out at home, Toni was taken to the ER. After numerous hospital visits, spinal taps, CT scans and MRIs, Toni has been accurately diagnosed with a spinal fluid leak. The doctors were able to treat her and she is currently in the recovery process. Unfortunately, her insurance company has denied a bulk of her claim and her medical bills have become unmanageable.

Her friends in the trading community have decided to setup and host TRADERS FOR TONI. This charity benefit will feature an all-star lineup of traders, each sharing their best trading setup or favorite strategy. Every single penny raised will go to Toni and her family, so these expert traders are doing this out of the kindness of their hearts!

The TRADERS FOR TONI event will be held THIS SATURDAY, August 16th. Access to the all day, online event is only $25. If you cannot make it, you can access a recording of the event.

See the lineup below. Please help us help Toni! INO.com will be making a donation for our September INO Cares Campaign to show our support and we hope our blog visitors will consider attending this great fundraiser!

[table caption= width="800" colwidth="400|400" colalign="left|left"]
Speaker Lineup, , ,
9am - Price Headley: Options,1:30pm - Rob Hoffman: Futures/Stocks/Options ,
9:30am - Pat Barham: Futures,2pm - Mark Helweg: Futures,
10am - Ron Haydt: Stock/Options,2:30pm - Brian Stickney: Forex,
10:30am - Adam Mesh: Stocks,2:30pm - Vince Vora: ETFs,
11am - Aamar Hussein: Futures/Forex, 3:30pm - John Seville: Stocks,
11:30am - Corey Rosenbloom: Futures/ETFs, 4pm - Bob Lang: Options,
12pm - Damon Pavlator: Futures, 4:30pm - Steve Place: Options,
12:30pm - AJ Brown: Options, 5pm - Andrew Keene: Unusual Options Activity,
1pm - Norm Hallett: Discipline
[/table]

Learn more about TRADERS FOR TONI!