The NASDAQ is the only one of the three major indexers to hold on to a weekly gain. Early in the week, the DOW was making a run at 30,000, but it ultimately failed to reach that level and has since been stuck in the mud incurring daily losses in the 3 of the 5 […] The post NASDAQ Holds On To Weekly Gain appeared first on INO.com Trader's Blog. [Read More...]

On Monday, Pfizer’s news that the COVID vaccine it is developing with BioNTech was more than 90% effective in a trial pushed stocks to record levels with all three of the major indexes triggering new green weekly Trade Triangles indicating that long positions could be in order. But after that significant move higher, the market […] The post COVID Vaccine News Boosts Stocks appeared first on INO.com Trader's Blog. [Read More...]

The stock market is trying to end the week on a daily positive note as we head into the close. The S&P 500 is +.9%, the DOW +.6%, and NASDAQ rounds out the positive run with a gain of over +1%, which has helped turn the week positive for the NASDAQ. However, the S&P 500 […] The post 4-Week Losing Streak For S&P 500 And DOW appeared first on INO.com Trader's Blog. [Read More...]

The S&P 500 just sent what most traders view as a bullish signal, what is it you ask? A golden cross, which is often seen as a bullish indicator signaling that a significant move higher could follow. So, precisely what is the golden cross. A golden cross is when the 50-day Simple Moving Average (SMA) […] The post S&P 500 Sends Bullish Signal appeared first on INO.com Trader's Blog. [Read More...]

Crude oil just posted its best month ever after suffering its worst month ever, not that long ago. Crude oil in the July contract posted a monthly gain of +57%! Yes, you read that right, +57%, pushing the price of oil above $35 a barrel. It wasn’t all that long ago that many traders learned […] The post Crude Oil Has Best Month EVER appeared first on INO.com Trader's Blog. [Read More...]

While the stock market is coming off one of it’s best months in over 30 years, I can’t get the idea of the “flattening the curve” out of mind. Yes, the S&P 500 gained +12.7% for April, its third-biggest monthly gain since World War II. The Dow gained +11.1%, its fourth-largest post-war monthly rally, and […] The post Flattening The Curve appeared first on INO.com Trader's Blog. [Read More...]

Crude oil was the determining factor for market direction all week. It all started four days ago when crude oil traded into negative territory for the first time ever, trading down negative $37.63 a barrel, a decline of some 305%, or $55.90 a barrel. That drove the stock market down early in the week. However, […] The post Crude Oil Dominates Market Action appeared first on INO.com Trader's Blog. [Read More...]

As we head into afternoon trading to end the week, the stock market is trading at or near the lows of the day after U.S. jobs fell by 701,000 in March, marking the worst jobs report since 2009, while the unemployment rate jumped to 4.4%. However, the report failed to capture the full extent of […] The post Loss Of Jobs Weighs Heavy On The Market appeared first on INO.com Trader's Blog. [Read More...]

Stocks are ending the week on a sour note after experiencing a three-day rally mid-week that saw the three major indexes gain upwards of +13%. But was this a bear market rally? Or can the upward momentum continue? What is a bear market rally, you ask? A bear market rally is a sharp short-term increase […] The post Was This A Bear Market Rally? appeared first on INO.com Trader's Blog. [Read More...]

Crude oil is trading below $20 after plunging over -23% on the final day of trading this week. In early trading, crude oil had been up trading higher, hitting a high of $27.89 before plummeting into the close. The reason for the plunge, social distancing, and border closings due to the coronavirus. The coronavirus pandemic […] The post Crude Oil Plunges -23% appeared first on INO.com Trader's Blog. [Read More...]

Trading on Friday opened much like it had the rest of the week, down. And that was really no surprise as fears over the coronavirus, and its impact on the economy continue to scare investors. As we head into the close on Friday, stocks will have their worst week since the 2008 financial crisis. The […] The post Stocks Have Worst Week Since Financial Crisis appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. Stocks traded at record intra-day highs Friday morning as strong global economic data, strong housing data, and a solid start to the earnings season led to another week of gains. This week’s move for the S&P 500 and DOW are close to posting the best weekly gain in 5 months. All three […] The post Strong Economic Data And Housing Boost Market appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. Stocks turn mixed after the DOW hit 29,000 for the first time on Friday, ultimately hitting an all-time intra-day high of 29,009.07. Since then, the DOW has turned negative on the day and is down roughly -100 pts or -.3% heading into afternoon trading. However, the overall weekly picture of the market […] The post DOW Hits 29,000 For First Time appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. Stocks fell to their lows of the day when news that Chinese trade officials canceled a visit to U.S. farms in Montana. Deputy trade negotiators from the U.S. and China resumed face-to-face talks for the first time in almost two months. The deputy-level trade talks are expected to help lay the groundwork […] The post China Cancels Visit Causing Markets To Fall appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. Once again we are on the verge of new all-time highs for both the S&P 500 (3,027.98) and DOW (27,359.16) as both indexes along with the NASDAQ will post their third straight week of gains. Even though the markets overall will end the week mixed on a daily level, all three indexes […] The post New Highs On The Horizon appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. Despite the fact that all three major indexes are up over +1% in Friday trading they will still all lose close to or more than -1% on the week, unable to shake the heavy losses suffered mid-week. The NASDAQ is down -.8%, meanwhile the S&P 500 will lose -1% and the DOW […] The post Stocks Still On Pace For Weekly Losses appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. Stocks fell Friday after President Trump suggested that a meeting with China on trade might be canceled, capping a tumultuous week driven by the trade war and emerging currency fight between the U.S. and China. “We’re not ready to make a deal, but we’ll see what happens,” President Trump told reporters Friday […] The post Stocks Fall On Amplified Trade Fears appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. After disastrous May during which major indexes lost more than 6%, U.S. stocks have clawed back much of those losses. The recent rally was sparked last week when Federal Reserve officials signaled in interviews and speeches that they are watching the risks of a sharper-than-expected economic slowdown, a sign the central bank […] The post Stocks Eyeing Gains For The Second Week In A Row appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. The stock market is making gains Friday, rebounding from two days of losses, as data showed U.S. job creation was stronger than expected in April. The U.S. added a robust 263,000 new hires in April, while the unemployment rate fell to 3.6%, the lowest since December 1969, according to a Labor Department […] The post Market Rebounds After Two Days Of Losses appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. The news was delivered Friday with better-than-expected U.S. jobs report that eased market fears that the economy was slowing down. The DOW traded 30 points higher, the S&P 500 climbed .35% as the energy and consumer discretionary sectors outperformed and the Nasdaq advanced 0.5% mid-day. On a weekly basis, the three major […] The post Stocks End Week Higher On Positive Jobs Report appeared first on INO.com Trader's Blog. [Read More...]