Tag: SP500

Today's Video Update: Is this the top of the market?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Tuesday, the 6th of August.

Every Market Deserves To Rest Once In A While
The indices appear to be on the defensive today, however that's not say we have reached a top or that the trend has changed from positive to negative. Trend changes tend to take time and usually don't happen overnight. For myself, the "line in the sand" on the DOW (INDEX:DJI) is the 15,400 level. It is at that level where I would exit my long position and move to the sidelines and await the next signal. Moving to the sidelines does not change the bigger trend picture for the DOW. I still remain long-term bullish, providing that the monthly Trade Triangle remains in the green column. Continue reading "Today's Video Update: Is this the top of the market?" →

Today's Video Update: All The Trade Triangles Turn Green For Apple

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 5th of August.

All The Trade Triangles Turn Green For Apple
This morning, Apple (NASDAQ:AAPL) moved to a five month high and completed a major base. Apple has, without too much fanfare, rallied from a recent low around $390 and triggered a major monthly Trade Triangle this morning with its move over $466. I can see a move for Apple to the $550 to $575 area.

Lots Of Green Trade Triangles Continue reading "Today's Video Update: All The Trade Triangles Turn Green For Apple" →

Today's Video Update: What's Ahead For August?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 2nd of August.

July turned out to be a great month to be in stocks and our Trade Triangles caught many stocks that were headed higher last month. The question is, how will the month of August play out? Typically the month of August is a quiet month, as most traders and investors take off to enjoy the last days of summer. August could be a strong month for the stock market this year, as there are strong trends in place that are pushing stocks higher and no evidence to suggest these trends are going to reverse anytime soon.

With the Fed committed to talking the market up to the tune of $85 billion a month, I seen no change in this policy as Chairman Bernanke prepares to exit the stage in January. What will happen in 2014 is anyone's guess, as the new Fed chairperson is going to be faced with having to dig us out of the ditch that we put ourselves in. Continue reading "Today's Video Update: What's Ahead For August?" →

S&P 500 crosses 1,700 points for the first time

Posted on by The INO.com Team

Stocks rose Thursday morning after an encouraging employment report, sending the Standard & Poor's 500 index above 1,700 points for the first time.

The S&P 500 (CME:SP500), which investors follow closely as a gauge for the rest of the market, was up 18 points in early trading, or 1.1 percent, at 1,704.

The Dow Jones industrial average rose 144 points, or 0.9 percent, to 15,644. The Dow is also at a record high. The Nasdaq composite index rose 37 points, or 1 percent, to 3,664.

All 10 industry sectors in the S&P 500 index rose, led by banks and industrial stocks. Continue reading "S&P 500 crosses 1,700 points for the first time" →

Today's Video Update: The Month of July Provided Solid Returns For Investors

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 31st of July.

What a month, with the DOW (INDEX:DJI) rallying to its highest level ever on the last day of the month. The NASDAQ (NASDAQ:COMP), not wanting to be left out of the parade, moved to its highest level in 13 years. The S&P (CME:SP500) also put in a solid monthly return of 5.50% for investors. Happy days are here again, as most investors were all smiles and happy to see that their portfolios and retirement account were looking a little bit better than last month.

Even the long suffering gold bulls had something to smile about as the longer-term bear market in gold managed to shake off some of its bearishness and rally. Gold closed out the month of July with a solid gain of 7.4%. Crude oil, which is in a bull market, followed right along producing gains of 7.50%. Continue reading "Today's Video Update: The Month of July Provided Solid Returns For Investors" →