Tag: Mid-Day Report

Up Up And Away

Posted on by The INO.com Team

Hello MarketClub members everywhere. The euphoria over Donald Trump's success continues to fuel the equity markets. Certainly, the 20,000 level on the DOW (INDEX:DJI) is no longer a dream but more than likely a reality. So just how high can these markets go that's the billion dollar question?

MarketClub's Mid-day Market Report

One thing I've learned in trading over the years is you don't stand in front of a freight train coming at you, and that's exactly what this market is at the moment. However, speeding railcars sometimes get derailed and can cause serious crashes.

Last week I warned about how December can be a very difficult month. As this month progresses, volume is going to continue to wane creating vacuums in the marketplace. I expect as we get closer to the 20,000 mark volatility will be exacerbated because of the lack of liquidity as many traders will be out enjoying time with family and friends over the year-end holiday season. Continue reading "Up Up And Away" →

Ford To Stay In America, Two Trump Thumbs Up On This One

Posted on by The INO.com Team

Hello MarketClub members everywhere. You've probably heard by now that the Ford Motor Company (NYSE:F) is not going to be moving one of its plants to Mexico. Finally, the U.S. is waking up and realizing that it cannot be a superpower while having a service economy. Whether you voted for Trump or not, I think we have to give him credit for this save. Hopefully, some of the other promises he made will also help the U.S. economy like lowering taxes and nixing some of the onerous regulations that are handicapping businesses in the U.S.

MarketClub's Mid-day Market Report

So far the markets seem to like what they see with all of the indexes higher for the week. The big winner this week was the NASDAQ (NASDAQ:COMP) which jumped +1.84%.

However, the biggest winner for the week is Crude Oil (NYMEX:CL.Z16.E) which is up +5.32% for the week. The big loser is gold (NYMEX:GC.Z16.E) which is down -0.87%. Let’s examine how the Trade Triangles are positioned in both of these markets. Continue reading "Ford To Stay In America, Two Trump Thumbs Up On This One" →

Did This Formation Just Indicate That A Fed Rate Hike Is Ahead

Posted on by The INO.com Team

Hello MarketClub members everywhere. According to St. Louis Fed Pres. Bullard (voter) December seems to be a "reasonable time" to raise interest rates. My guess is that the Fed will do zero and hope to hold off raising interest rates until 2017. The reason I say that is that it would more than likely hurt the Christmas shopping season and that is something the Fed is loath to do.

MarketClub's Mid-day Market Report

Now let me say this, I'm not a fan of the Fed and I think they've handled things very poorly and have done nothing to spur or help the economy. I do however believe that when interest begin to move higher, it will be an incentive for people to go out and begin buying things and looking at real estate again before rates get out of their price range. In other words, I think it will have the opposite effect of not dulling the economy, but spurring the economy to greater productivity. Continue reading "Did This Formation Just Indicate That A Fed Rate Hike Is Ahead" →

It's A New Trading Week And A New President-Elect

Posted on by The INO.com Team

Hello MarketClub members everywhere. The Chinese have a saying that goes like this; "May you live in interesting times" well these certainly are interesting times in America.

It doesn't matter if you are on the right side of the ledger or the left side of the ledger change is coming. Just like the how the markets change the political climate also changes every so often and we are in one of those times right now.

MarketClub's Mid-day Market Report

So what's ahead for President-elect Trump? Well, I think it's fair to say that most all the pundits got this one wrong and to guess what's ahead would be in my humble opinion a mistake as no one knows at this time. What we do know is what the market are telling us and that is something we should all listen to and put aside any political differences.

Technically with the Trade Triangles, I see that the gold market is in a strong downtrend, crude oil is presenting a mixed picture and the major indices also in a quandary at the moment. Continue reading "It's A New Trading Week And A New President-Elect" →

How The Mighty Have Fallen

Posted on by The INO.com Team

Today I want to start off by thanking the brave men and women who have and continue to serve and protect our country. Thank you for all that you do!

Let's look at two very well-known and some would say mighty stocks. Both of these stocks are households names and have proven to be safe investments over time. The question now is, is that dynamic changing or has it changed already? Let's get started by looking the first stock.

MarketClub's Mid-day Market Report

Alphabet Inc. (NASDAQ:GOOG): For the first time in a long time Alphabet triggered a major sell signal which pushed all of the Trade Triangles into a negative mode. The first indication that there was trouble afoot for GOOG came on November 2 when the weekly Trade Triangle gave a red exit signal at $773. Is GOOG a buy here or is this once mighty stock headed lower? Continue reading "How The Mighty Have Fallen" →