Tag: Crude Oil (NYMEX:CL.U16.E)

The DOW Heads For 20,000

Posted on by The INO.com Team

Hello MarketClub members, well here we are at the beginning of a new trading week with lots going on. Somehow I don’t think we are going to be seeing the dog days of summer in 2016. Last Friday the major indices resumed their upward journey and the continuation pattern I discussed in my previous video. I continue to think that the equity markets can go higher, a lot higher based on the Trade Triangles and the technical formation on the charts.

MarketClub's Mid-day Market Report

I can see the DOW (INDEX:DJI) moving over the 20,000 mark in the next several months. The markets could get another boost today as one of the presidential hopefuls is going to propose the biggest tax cuts we have ever seen in modern times. Continue reading "The DOW Heads For 20,000" →

This Energy Stock Is Screaming Buy Me

Posted on by The INO.com Team

Hello MarketClub members everywhere. It is no secret that the energy sector has been under pressure after crude oil (NYMEX:CL.U16.E) hit a peak of around $52.00 a barrel on June 8th. Since then crude oil has steadily trended lower dipping below $40.00 just this week.

MarketClub's Mid-day Market Report

The Trade Triangles just covered the last short position from $45.64 yesterday at $41.88 for a gain of $3.76 or $3,760.00 per contract. As of today, the Trade Triangles are in a neutral position and awaiting the next signal.

All of this leads me to one energy stock that is defying the odds and is standing out like a sore thumb and begging to be purchased and that stock is Kinder Morgan Inc. (NYSE:KMI). In today's video I will walk you thru the primary reasons why I like this stock and more importantly where the exit door is if my analysis is wrong.

In addition to Kinder Morgan, I will be analyzing at gold and the major indices today.

Have a great trading day and weekend.

Stay focused and disciplined.

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

The Best Is Yet To Come

Posted on by The INO.com Team

Hello MarketClub members everywhere. Looking at the markets, it seems to me that the best is yet to come. What I mean by that is I think that the equity markets can still go higher, a lot higher based on the Trade Triangles and the technical formations on the charts.

MarketClub's Mid-day Market Report

In today's video update I will be looking at all three major indices and sharing with you exactly how high I think one index is heading and one to avoid.

I will also be analyzing the gold (FOREX:XAUUSDO) market which closed out the week on a very positive note. This week could be a key week for gold and gold stocks in particular. I will give you my reasons why you should be paying close attention to gold right now.

Has crude oil (NYMEX:CL.U16.E) reached a crucial Fibonacci retracement level? What crude does at this stage is crucial to its future direction.

Stay focused and disciplined.

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

Dollar Falls As U.S. GDP Disappoints

Posted on by The INO.com Team

Hello MarketClub members everywhere. Once again the U.S. economy was sluggish in the spring, dashing expectations for a strong rebound after a tough winter. Stronger consumer spending was offset by weakness in housing construction and a big slowdown in the pace that businesses restocked store shelves.

MarketClub's Mid-day Market Report

The Commerce Department said Friday that the GDP grew at a 1.2% annual rate in the April-June quarter. That was far below the 2.6% GDP growth rate that economists had been forecasting.

The government also revised its estimate of first-quarter growth down to 0.8% from the previously reported 1.1%. That makes three straight quarters in which the economy has grown at a lackluster rate.

Key levels to watch next week: Continue reading "Dollar Falls As U.S. GDP Disappoints" →

Trading Live Around Apple and The Fed Chickening Out...Again!!!

Posted on by The INO.com Team

Well that was a crazy trading day! Come on into my trading office and I'll show you how we handled the Facebook and Apple earnings trade. Plus, we focus in on trades related to the US dollar because the Fed totally chickened out...again!!!

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon