Tag: NASDAQ (NASDAQ:COMP)

Do Quarterly Charts Hold The Key?

Posted on by The INO.com Team

Hello MarketClub members everywhere! With the markets closed tomorrow for the Easter holiday, today is the end of the week. The question now is, how comfortable are investors going to be over this long 3 day weekend?

One of the tools I love using in MarketClub is the quarterly charts. I'm pretty confident in saying that very few traders ever watch these charts, but they should. They can provide you with a broad overall picture of the long-term trend that you just can't see on daily and weekly charts. I think you'll be surprised by what the quarterly charts are revealing today.

Below I have outlined last week's close, as well as key levels for the PSAR. Perhaps by the time you read this post the market will have already broken the Parabolic support levels. If that is the case, I would expect further weakness in the market next week. Continue reading "Do Quarterly Charts Hold The Key?" →

Is It Time For A Market Correction?

Posted on by The INO.com Team

Hello MarketClub members everywhere, today I'm going to be looking at some key levels in the markets. If these levels are breached, it would indicate a further correction to the recent rallies. For the past 4 to 5 weeks the equity markets have been moving steadily higher and are now extremely overbought. That condition alone does not necessarily translate to the markets correcting, however, 85% of all stock market newsletters are bullish on equities. History has taught us that when there is a large consensus of people thinking the same way the reverse occurs as there is no one left to buy. The markets could well be at a consensus crossroads right now.

Here are some of the levels that I'm looking at to get an early indication that a correction could come into play. Continue reading "Is It Time For A Market Correction?" →

Once Again Terror Rocks The Markets

Posted on by The INO.com Team

The terrorist attack this morning in Belgium once again brought home the fragility of the world we live in. This attack in Brussels, the capital of Belgium, is the headquarters of NATO and the symbolic heart of Europe. The attack on Brussels, in essence, is the equivalent of an attack on Washington D.C.

The reaction of the European markets today was surprisingly modest as the European indices lost only an average 0.50%.

In today’s video, I will be looking at how this vicious attack could impact the major indices, gold and crude oil here in the U.S. Continue reading "Once Again Terror Rocks The Markets" →

The Laws Of Gravity Haven't Changed

Posted on by The INO.com Team

What's changed since stocks cratered and made a low in early February? There are few signs that monetary easing in China, Europe and Japan is helping pull the global economy out of a slump. It seems like the Fed has run out of ideas to jump-start the US economy, and like the other world central banks, has no more tricks in their bag. That is the backdrop of what is going on for world stocks this morning.

Here's what I'm watching today. Continue reading "The Laws Of Gravity Haven't Changed" →

This Is Status Quo Time

Posted on by The INO.com Team

Hello MarketClub members everywhere! Despite the rally on Friday, there's been little change to the overall status quo of a broad trading range that I believe the indices are in.

Indices

On Friday the DOW (INDEX:DJI) closed at its best levels in 10 weeks, bringing it back up to the Nov/Dec lows which should act as natural resistance. The Dow is still in a 61.8% Fibonacci close-only retracement mode and should begin to falter around current levels. That's not to say that it can't go a little higher, but I think that it's doubtful that it can sustain higher values.

You can see much of the same picture with the S&P 500 (CME:SP500) as it is back into an area of Fibonacci resistance. I still believe that this index is cranking out a major top which began in August 2014. This week should be an interesting one as I expect to see more two-way trading, the key of course is where it closes Friday. Continue reading "This Is Status Quo Time" →