Tag: fibonacci resistance

Daily Video Update: Global economy sends the market lower

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Monday, the 24th of September.

Stocks are down today, as global economic growth concerns again take center stage. Worries over a global economic slowdown and the strengthening dollar pushed commodities down, further weighing on the markets. Crude Oil and Copper are taking a hit as demand in China slows down.

In Europe, stocks were decidedly lower as concerns over Greece and Spain intensified. Spain remains in focus this week, with the results of bank stress tests due Monday.

Now, let’s go to the charts and our Trade Triangles and see what’s happening. Click Here to view today's video

Every Success,
Jeremy Lutz

Daily Video Update: Spain Looks to Secure Bailout

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Friday, the 21st of September.

Stocks have continued to perform well over the course of the trading day today. While buying interest has remained relatively subdued, the markets continue to benefit from news out of Europe.

That news of course is that European Union officials are working behind the scenes to pave the way for a new Spanish rescue program and unlimited bond buying by the European Central Bank. Will this actually happen? Or is just a another smoke screen coming out of Europe?

Crude Oil is continuing to struggle and I noticed a powerful technical indicator in Gold today that we'll discuss.

Now, let’s go to the charts and our Trade Triangles and see what’s happening. Click Here to view today's video

Every Success,
Jeremy Lutz

Daily Video Update: Starbucks goes to war

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Thursday, the 20th of September.

The markets have trimmed earlier losses but remain lower after reports showed jobless claims fell less than forecasted, while the Philadelphia Federal Reserve Bank's gauge of regional manufacturing activity remained sluggish. Investors are also concerned about the global economy after weak data from China and Eurozone.

Green Mountain Coffee Roasters (GMCR -7.01%) shares fell as Starbucks (SBUX +1.59%) rolled out its Verismo-branded line of single-serve coffees, along with a selection of electric brewers. Of course this product launch is directly aimed at GMCR's Keurig Machines. Is it too late for Starbucks?

Now, let’s go to the charts and our Trade Triangles and see what’s happening. Click Here to view today's video

Every Success,
Jeremy Lutz

Daily Video Update: Who wants to buy a home?

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Wednesday, the 19th of September.

The housing data released Wednesday morning showed an improving real-estate market. Construction of new U.S. homes rose 2.3% in August. Sales of previously occupied homes rose 7.8% in August from July to a seasonally adjusted annual rate of 4.82 million, the National Association of Realtors said Wednesday. That's the highest level since May 2010, when sales were aided by a federal home-buying tax credit.

Crude Oil on the other hand is down $3 a barrel today on rising inventories. Did MarketClub's Trade Triangles get you on the right side of this move? We'll take a look.

Now, let’s go to the charts and our Trade Triangles and see what’s happening. Click Here to view today's video

Every Success,
Jeremy Lutz

Daily Video Update: Uncertainty is the theme for the day

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Monday, the 17th of September.

While some traders are taking profits from the recent gains, others are looking to hold positions to maximize future returns.

This is leading to uncertainty about the near-term outlook for the markets following its recent strength. This begs the question... is the rally over?

Now, let’s go to the charts and our Trade Triangles and see what’s happening.

Every Success,
Jeremy Lutz

Click Here to view today's video