Tag: NASDAQ (NASDAQ:COMP)

The Next Big Swing In Stocks

Posted on by The INO.com Team

Over the weekend I was analyzing the charts and it appeared to me that with Friday's red Trade Triangle on the S&P 500 that stocks have topped out. The similarity between August and September and this January and February is quite startling. If the same pattern holds true then the next big swing in the stock market will be to the downside.

Already we have seen weekly Trade Triangles in the NASDAQ (NASDAQ:COMP) and just recently in the S&P 500 (CME:SP500). These weekly red Trade Triangles many times act as early warning system and are a strong indicator to move to the sidelines in the case of the Indices.

I would not be surprised to see more back-and-forth choppy trading action before the market eventually falls under its own weight.

I am looking for stocks to make a cyclical low sometime in June if the same cycle holds true.

Daily Chart S&P 500 (CME:SP500)

S&P 500 Chart Legend

1. First Low
2. Pivot Point
3. Second Low
4. Cyclic High
Continue reading "The Next Big Swing In Stocks" →

U.S. Job Growth Misses Estimates

Posted on by The INO.com Team

Hello MarketClub members everywhere. The U.S. economy created 160,000 jobs in April vs. the estimated 202,000 that economist were expecting, However, the unemployment rate held steady at 5 percent.

On a brighter note, wages rose during the month, with average hourly earnings up 8 cents an hour, representing a 2.5% annualized gain. The average work week also edged higher to 34.5 hours, according to the Bureau of Labor Statistics.

MarketClub's Mid-day Market Report

The indexes fell briefly after the report was announced this morning, but have since regained some ground and are currently trading close to their market open.

Key levels to watch this week:
S&P 500 (CME:SP500): 2,111.05
Dow (INDEX:DJI): 17,580.38
NASDAQ (NASDAQ:COMP): 4,969.32
Gold (FOREX:XAUUSDO): 1,294.11
Crude Oil (NYMEX:CL.M16.E): 46.07

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

How The Mighty Have Fallen

Posted on by The INO.com Team

Hello MarketClub members everywhere! You have heard me say this many times before, perception is an extremely powerful force in the markets. We see just how powerful this force is with the recent move down of Apple Inc. (NASDAQ:AAPL). Once the darling of the tech world, Apple's time may be over as Alphabet Inc. (NASDAQ:GOOG), Facebook Inc. (NASDAQ:FB) and the mighty Amazon.com Inc. (NASDAQ:AMZN) take over the leadership mantle.

MarketClub's Mid-day Market Report

It's Friday, the end of the week and the end of the trading month. Let's start by looking at how the major markets closed last month and last week. Continue reading "How The Mighty Have Fallen" →

Waiting On The Fed, GDP Results And Apple Earnings

Posted on by The INO.com Team

The markets will be watching the Fed closely, looking for the central bank's latest decision on interest rates (although no one expects a change), there's also new GDP estimates for the markets to chew on.

Meanwhile, there are corporate earnings to think over, with Apple headlining a week of major earnings announcements. And, the presidential candidates continue to battle for votes and delegates with 5 states up for grabs on Tuesday. With all of that mind, let's take a look at the markets.

MarketClub's Mid-day Market Report

Key levels to watch this week:
S&P 500 (CME:SP500): 2,033.80
Dow (INDEX:DJI): 17,484.23
NASDAQ (NASDAQ:COMP): 4,808.91
Gold (FOREX:XAUUSDO): 1,214.70
Crude Oil (NYMEX:CL.M16.E): 36.57

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

Here Are Some Hard Truths About Trading - And Current Market Analysis

Posted on by The INO.com Team

Traders, there are few things I needed to get off my chest about trading, trading analysts, trading marketers, and this industry in general. Once the 10-minute rant is over, I jump into the markets to show you some interesting dynamics that could be indicating a rate hike is coming. I look at the sector analysis, the Yen, NASDAQ, and a few others.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon