Tag: fibonacci resistance

Daily Video Update: Consumer Confidence Grows

Posted on by The INO.com Team

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

Stocks move higher today after a strong gain in retail spending suggested that consumers could be getting more confident about the economy. The Commerce Department said retail sales rose 1.1 percent last month after a 1.2 percent increase in August. Those are the largest gains since October 2010.

The price of oil is falling today and giving back the gains from last week. The focus instead is on weaker oil demand. On Friday, the International Energy Agency issued a new report predicting slower growth in demand for oil over the next five years. The agency also forecast that supplies will increase as the global economy struggles to grow.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.

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Daily Video Update: The market remains subdued on upbeat news

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz with your mid-day market update for Friday, the 12th of October.

Stocks have moved mostly lower over today despite a higher open this morning. Selling pressure has remained subdued, however, contributing to choppy trading on Wall Street.

The major averages have climbed off their worst levels in recent trading but remain in the red. This downturn came despite the release of an upbeat report on U.S. consumer sentiment in the month of October.

Thomson Reuters and the University of Michigan said that the preliminary reading on their consumer sentiment index for October came in at 83.1 compared to the final September reading of 78.3.

With the significant monthly increase, the consumer sentiment index rose to its highest level since September of 2007.

If you haven't do so yet. Be sure to vote on our Poll about the V.P. Debates last night. We have quite a conversation going on.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.

Click Here to view today's video

Daily Video Update: Surprising jobless data propels the market

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz with your mid-day market update for Thursday, the 11th of October.

A surprisingly big drop in weekly jobless claims have helped to stop the sell off Thursday despite news of a downgrade of Spain's sovereign credit rating.

The Labor Department reported that claims last week fell by 30,000 to 339,000, the lowest level since February 2008. The figures were another indication that the world's largest economy is over its summer soft patch and may be gaining traction.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.

Click Here to view today's video

Daily Video Update: Now is the time for traders to learn the secrets of picking good markets to trade

Posted on by The INO.com Team

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

Today, I want to talk about finding winning trades using some tools that you have at your disposal 24/7 with MarketClub. The Trade Triangle technology can help you spot winning trades and major trend changes in over 375,000 symbols. The symbol list includes all stocks here in the US, Canada, and Australia, as well as futures, Forex, and precious metals.

In today's video, we will be examining in more detail how you can implement our Trade Triangle technology in your own trading and how easy it is to use.

QUICK TAKE ON THE MARKETS:
EQUITIES: Treading water. The trend is your friend and we are sticking to this market's major trend according to our Trade Triangle technology. We have an upside target of $1,550 on the S&P 500 sometime next year. Continue reading "Daily Video Update: Now is the time for traders to learn the secrets of picking good markets to trade" →

Daily Video Update: America doesn't run on gold, it runs on …

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 9th of October.

Have you ever try stuffing a gold bar in your fuel tank?

I am sure you haven't, and that is the point I want to make today. America runs on number two diesel fuel, not on gold bars. Without fuel, America's economy is dead in the water.

Every year the world needs more and more energy. China and India provide good examples as the working class are moving from bicycles to mopeds and in some cases, even cars. All this upward mobility takes energy, and the energy for now is petroleum based.

India and China have a combined population of 2.9 billion, representing 36% of the world's population. To put that in perspective, that is 9.2 times the size of the United States.

And here's the wild card, and it's a big one: "The Middle East". What is going to happen in the most unstable part of the world? Any major disruption in that area will cause oil prices to skyrocket. Continue reading "Daily Video Update: America doesn't run on gold, it runs on …" →