Tag: Crude Oil

New Video: Optimism turns to uncertainty

Posted on by The INO.com Team

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

The optimism that fueled yesterdays rally turned to uncertainty today as traders take a breather. Traders are keeping a close eye on developments in Washington, as U.S. government continues to work toward an agreement to avoid the looming fiscal cliff.

While signs of progress toward a compromise helped to drive stocks higher earlier in the week, traders may be waiting for more concrete signs of an agreement.

On the economic front, the Commerce Department released a report before the start of trading showing that U.S. housing starts came in below economist estimates in November.

The report said housing starts fell 3.0 percent to an annual rate of 861,000 in November from the revised October estimate of 888,000. Economists had expected housing starts to fall to 865,000 from the 894,000 originally reported for the previous month.

At the same time, the Commerce Department said building permits rose 3.6 percent to an annual rate of 899,000 in November from the revised October rate of 868,000.

Let's see what the Trade Triangles say about the markets today.

Every Success,
Jeremy Lutz

 

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New Video: Optimism drives markets higher

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Tuesday, the 18th of December.

Stocks are moving higher as traders become more optimistic that lawmakers are closing in on a budget deal that will stop the U.S. from going over the "fiscal cliff" at the beginning of next year.

House Speaker John Boehner told reporters he remains hopeful that a budget compromise can be reached but, says President Barack Obama has yet to offer a balanced deficit-cutting plan.

Among stocks making big moves, Arbitron (ARB), a provider of radio ratings, surged after TV ratings company Nielsen said it would buy it for $1.3 billion.

Let's see what the Trade Triangles say about the markets today.

Every Success,
Jeremy Lutz

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New Video: Is the Cult of Apple Over?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 17th of December.

This will be my last broadcast for 2012, as I'm taking time off from trading during Silly Season. Jeremy Lutz, who you know from MarketClub TV, will be doing the updates until I return back to the markets in early January.

IS THE CULT OF APPLE OVER?

Apple just sold 2 million iPhone 5s in 3 days in China, yet its stock falls below $500 in pre-market trading. What is going on in the smart phone world?

This past weekend, my daughter and son-in-law came over for an early Christmas celebration. My son-in-law, who is a very smart guy and a computer engineer, showed me his new phone which to my surprise was not an iPhone5, but a Samsung Galaxy III. Much to my chagrin I picked it up and started playing with it and I have to admit some of technology, especially the Google voice technology, appeared superior to Siri, which is what Apple uses in its iPhone5 and IOS6 operating system. Continue reading "New Video: Is the Cult of Apple Over?" →

Porter Stansberry: End the Ban on US Oil Exports

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The Energy Report: As a history enthusiast, Porter, to what extent do you believe technology has changed investing?

Porter Stansberry: The future will be unlike the past in every way related to technology, but it will be exactly like the past as it relates to people. Technology changes a great deal, but people don't. You can count on politicians to be scumbags and most people to be lazy. But as for investing, technology gives far more people access to information. Only one person in the world knew the actual price of a high-yield bond 25 years agoMichael Milkenand he made a fortune with that information advantage. Today, everybody has access to trading information. Everyone has access to price. In general, technology has made finance a smaller-margin business. It's led to enormous scale in our financial institutions, which is the only way they can really survive. But fear and greed are still the underlying forces that drive the markets, and investors are just as subject to irrational emotional decisions as they've ever been. I don't expect technology will ever change that.

TER: Getting specifically into energy, a few weeks ago the International Energy Agency World Energy Outlook (WEO) said the U.S. would become the world's largest oil producer, overtaking Russia and Saudi Arabia, before 2020. Then Goldman Sachs said it would happen by 2017.

PS: They stole my thunder. I've been saying 2017 for maybe a year now. If Goldman is saying 2017 and IEA is saying 2020 it will probably happen in 2016.

TER: How will the geopolitical and socioeconomic landscape change when the U.S. becomes the largest oil producer? Continue reading "Porter Stansberry: End the Ban on US Oil Exports" →

New Video: What are you doing for "Silly Season"

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 14th of December.

WHAT ARE YOU DOING THE SILLY SEASON?
Well silly season officially starts tomorrow and goes through to the first week of January. This is when the markets become unpredictable and very thinly traded as most professional traders have left to go on vacation or to enjoy the season with their families. As for myself I'm off on a cruise over silly season and what I consider a well-deserved break from the markets. Every year it's good to have a solid break from the markets and come back refreshed.

What do you have planned for silly season? If you haven't voted already please vote on our poll. It's so was interesting to see what everyone is doing. As for the markets I expect them to get quieter and thinner until the second week in January when market action and volume begins to pick up. If you're following any one of our three portfolios you'll simply stick with the game plan as it has been proven time and time again that this strategy works.

VOTE IN OUR "SILLY SEASON" POLL HERE … Continue reading "New Video: What are you doing for "Silly Season"" →