Sure, this week has been rough for traders and the markets overall, but it was a great month. Weeks like this are reminders to separate yourself from the recent daily volatility and look at the long-term trend. How do you do this? I’ll show you in today’s video. As for the overall markets, let’s get […] The post Week To Forget But A Month To Remember appeared first on INO.com Trader's Blog. [Read More...]
Yellen Calls For More Stimulus
The stock market was on the move higher in early trading Friday after Treasury Secretary Janet Yellen said a large Covid-19 relief package is needed for a full recovery in the U.S. However, it has slipped to a mixed-mode as it headed into afternoon trading to close out the week with the DOW gaining roughly […] The post Yellen Calls For More Stimulus appeared first on INO.com Trader's Blog. [Read More...]
Markets Shake Off Disappointing Jobs Number
The Labor Department said the U.S. added 49,000 jobs in January, slightly below the 50,000 payrolls expected by economists. The unemployment rate fell to 6.3%, better than projections of 6.7%. December’s numbers were revised much lower, with the month posting a loss of 227,000 from the initial reading of 140,000 jobs lost. After suffering their […] The post Markets Shake Off Disappointing Jobs Number appeared first on INO.com Trader's Blog. [Read More...]
Stocks End Week Lower On Stimulus Concerns
The stock market started this week with what looked like another record run, but things turned sour mid-week as COVID-19 infections continue to rise both in the US and globally. Adding to the uneasiness is Washington’s inability to agree on a stimulus package and jobless claims numbers that continue to grow. Last week’s report saw […] The post Stocks End Week Lower On Stimulus Concerns appeared first on INO.com Trader's Blog. [Read More...]
NASDAQ Holds On To Weekly Gain
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...]
COVID Vaccine News Boosts Stocks
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...]
4-Week Losing Streak For S&P 500 And DOW
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...]
S&P 500 Sends Bullish Signal
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 Has Best Month EVER
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...]
Flattening The Curve
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 Dominates Market Action
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...]
Loss Of Jobs Weighs Heavy On The Market
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...]
Was This A Bear Market Rally?
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 Plunges -23%
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...]
Stocks Have Worst Week Since Financial Crisis
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...]
Strong Economic Data And Housing Boost Market
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...]
DOW Hits 29,000 For First Time
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...]
China Cancels Visit Causing Markets To Fall
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...]
New Highs On The Horizon
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...]
Stocks Still On Pace For Weekly Losses
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...]