Tag: copper

Today's Video Update: I have never been called a "chart monkey" before on live television

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 17th of January.

I just got back from New York late last night after doing some guest appearances on CNBC and Bloomberg television. It was in the latter show on Bloomberg TV doing a "Street Fighters" segment that Marshall Auerbach called technical traders "chart following monkeys". That's when all H*LL broke loose. Watch the video segment here.

Do you remember last week on MarketClub TV we were talking about the potential set up in crude oil? Well it looks like all systems are go this morning. The down trend line has been broken to the upside and our Trade Triangles are +100, indicating a strong trend to the upside for this commodity. Continue reading "Today's Video Update: I have never been called a "chart monkey" before on live television" →

Today's Video Update: The Global Economy Comes Into Focus

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Wednesday, the 16th of January.

Concerns about the global economy are weighing on the markets after the World Bank cut its forecast for global economic growth in 2013.

The World Bank said it now expects the global economy to expand by 2.4 percent in 2013 compared to its June forecast for 3 percent growth. Estimates suggest the global economy grew 2.3 in 2012.

On a positive note, a report from the Federal Reserve showed a slightly bigger than expected increase in U.S. industrial production in the month of December.

The report showed that industrial production increased by 0.3 percent in December following a revised 1.0 percent jump in November. Economists had expected production to edge up by 0.2 percent. Continue reading "Today's Video Update: The Global Economy Comes Into Focus" →

Today's Video Update: Apple extends decline

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Tuesday, the 15th of January.

Apple has fallen as low as $483.95 today, that makes it 3 days in a row . The last time AAPL closed below $500 was on 02/15/2012. Apple slumped 3.6 percent Monday on concern that demand for its iPhone 5 is slowing. Will Apple beat earnings next week?

Stocks have dropped Tuesday despite a report that retail sales increased in December. Consumers bought more autos, furniture and clothing, despite worries about potential tax increases. Sales rose 0.5 percent in December from November, slightly better than November's 0.4 percent increase and the best showing since September, the Commerce Department said Tuesday. Continue reading "Today's Video Update: Apple extends decline" →

New Video: We delve into the HERBALIFE Smackdown

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 10th of January.

There is a real smackdown going on in the stock of HERBALIFE (HLF). William Ackman, a major hedge fund manager, is accusing HERBALIFE of being nothing more than a pyramid scheme. That is a pretty serious charge about a public company. On the other side of the smackdown is Daniel Loeb, another big hedge fund manager, who is saying that the accusation is all bull crap. Who's right? We are not taking sides, but it looks to us like they are both talking their positions.

With that in mind, we decided to take a close look at HERBALIFE using our Trade Triangle technology and come to an unbiased opinion on this stock. In today's video, in addition to HERBALIFE and our normal rundown, we will be analyzing Ford Motor Company and Facebook, two very different companies. I think you will find today's video interesting and educational. Continue reading "New Video: We delve into the HERBALIFE Smackdown" →

New Video: After the bell Alcoa kicks of the earnings season

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 8th of January.

In today's video, we will analyze AlCOA (AA), who reports earnings after the bell today. There are a couple of technical features that are very interesting at the moment and that standout for this stock. Are market expectations on earnings already built into current prices? We will find out after the close, but in the meantime we will share with you exactly how we are positioned in ALCOA going into earnings season.

JUST REMEMBER …
"SILLY SEASON" is not officially over until next week. Look for the markets to continue to be a little crazy until then. Continue reading "New Video: After the bell Alcoa kicks of the earnings season" →