Tag: Crude Oil (NYMEX:CL.N16.E)

It's All Systems Go For This One Index

Posted on by The INO.com Team

Hello MarketClub members everywhere. I just got back from a few days in California visiting my new 2-month-old grandson which I'm very excited to say is a well and a very hungry little guy. While I was away the index markets just thrashed about until my return when yesterday we saw a significant move to the upside in the indexes.

MarketClub's Mid-day Market Report

The big surprise for many traders was the big drop in gold prices. I will be looking at that drop today based on the Trade Triangles and you may be surprised to see what they were indicating and showing traders in the last 10 days.

Crude oil continues to be in a strong uptrend, but that may be coming to an end as crude is fast approaching the $50 mark. Continue reading "It's All Systems Go For This One Index" →

Stocks Struggle To Find Direction

Posted on by The INO.com Team

Hello MarketClub members everywhere. As we start the week, it looks as if the market is still trying to digest what the Federal Reserve said in its meeting minutes last week. All eyes will be on the housing, PMI and wage numbers due this week as well as commentary for the regional Fed Chiefs. The Regional Fed chiefs for St. Louis, San Francisco, and Philadelphia are due to speak Monday, while Chair Janet Yellen is due to deliver remarks on Friday.

MarketClub's Mid-day Market Report

The big mover of the day is Apple Inc. (NASDAQ:AAPL). It's jumped over 1.5% on rumors of large iPhone 7 orders and after Taiwan's Economic Daily News reported that the iPhone maker has asked suppliers to prepare production for a new version of its smartphones.

Key levels to watch this week: Continue reading "Stocks Struggle To Find Direction" →

Fed Rate Anxiety Fades As Existing Home Sales Rise

Posted on by The INO.com Team

Stocks are on the rise Friday, with the S&P 500 bouncing from a seven-week low. The rise has been led by the technology sector with the NASDAQ gaining 1.35 percent. It also seems that anxiety over the potential interest rate hike by the Federal Reserve as early as next month is starting to wain a bit.

MarketClub's Mid-day Market Report

Sales of existing U.S. homes rose more than expected in April, suggesting the economy continues to gather pace during the second quarter. The National Association of REALTORS said on Friday that existing home sales increased 1.7 percent to an annual rate of 5.45 million units. March's sales pace was revised slightly higher to 5.36 million units from the previously reported 5.33 million units.

Key levels to watch this week: Continue reading "Fed Rate Anxiety Fades As Existing Home Sales Rise" →

Stocks Bounce Ahead Of Fed Minutes

Posted on by The INO.com Team

The stock market has headed higher after a sluggish start this morning. All three major averages have bounced back into green territory late this morning, with financial shares leading the way as investors are awaiting the release of the Fed minutes this afternoon and looking for any clues of a June interest rate hike.

MarketClub's Mid-day Market Report

Gold (FOREX:XAUUSDO) has pulled back and is trading lower coming under pressure from a U.S. Dollar (NYBOT:DX.M16.E) rally that has pushed it to a new 2 week high.

Key levels to watch this week: Continue reading "Stocks Bounce Ahead Of Fed Minutes" →