Tag: Crude Oil (NYMEX:CL.Z16.E)

Myths About Oil And The Dollar

Posted on by Robert Boslego

Robert Boslego - INO.com Contributor - Energies


Oil prices and the dollar have been highly negatively correlated during the oil price collapse. From June 2014 through September 2016, the correlation has been -95%.

In financial articles, it's a commonplace to read that oil prices fell because the dollar strengthened, or oil prices rose because the dollar weakened. This is largely a confusion of correlation with causality.

It is true that there is a linkage. A stronger dollar does render oil prices higher in foreign currencies, thereby adversely affecting demand, a negative factor for oil prices. Continue reading "Myths About Oil And The Dollar" →

Oil Rebounds On Surprise Inventory Drop

Posted on by The INO.com Team

Hello MarketClub members everywhere. Oil prices rebounded briefly above $50 a barrel today after government data showed a surprise drop in U.S. crude inventories, offsetting skepticism over OPEC's planned output cut. Oil prices had fallen earlier on the back of bearish supply data from the American Petroleum Institute. U.S. commercial crude stockpiles fell by 553,000 barrels in the week ended Oct. 21, as reported by the U.S. Energy Information Administration (EIA).

The Dow rose 50+ points after briefly dropping more than 100 points this morning. The S&P 500 has been neutral today as financials and energy offset losses in real estate and tech. The Nasdaq has fallen -.27% with Apple shedding about 3% on the day.

MarketClub's Mid-day Market Report

Key levels to watch this week: Continue reading "Oil Rebounds On Surprise Inventory Drop" →

Were You Surprised By Netflix's BIG Move?

Posted on by The INO.com Team

Hello MarketClub members everywhere. If you were surprised by the 20% jump by Netflix Inc. (NASDAQ:NFLX) yesterday, you weren't paying attention to the Trade Triangles. On October 3rd the monthly Trade Triangle triggered at $101.27 indicating that the major trend has once again resumed to the upside and that you should now be long this stock. That Trade Triangle signal was a full 15 days before today's big jump.

MarketClub's Mid-day Market Report

In today's video update, I will be analyzing Netflix and giving you some upside projections for this popular streaming video service. Continue reading "Were You Surprised By Netflix's BIG Move?" →

Will The Market Head Higher Or Lower From Here?

Posted on by The INO.com Team

Hello MarketClub members everywhere. Last week major indices were all lower, the question this week is, are we going to see the indices the Dow (INDEX:DJI), S&P 500 (CME:SP500) and NASDAQ (NASDAQ:COMP) close higher or lower for the week? I thought we would do a poll for members and see what you think of the market.

Where do you think the market is heading?

View Results

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In today's video update, I'll be sharing with you, some key points that I believe should be watched in all the major indices and also in gold (NYMEX:GC.Z16.E) and crude oil (NYMEX:CL.Z16.E).

MarketClub's Mid-day Market Report

This week marks the final debate between Donald Trump and Hillary Clinton and I'm waiting to see how this event is going to shake out in the markets. We also have corporate earnings as well as the Fed to contend with this week. As always I will rely on the Trade Triangles because over the long run they beat everything else.

Stay focused and disciplined.

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