The three major indexes experienced a roller-coaster week that saw the NASDAQ fall -2.3% for the week marking its fourth straight week of losses as the tech sell-off continued. The DOW and the S&P 500 fell -1.1% and -1.2% this week, respectively. Early in the week, the NASDAQ fell over -5%, with the DOW dropping […] The post NASDAQ Suffers Fourth Straight Weekly Loss appeared first on INO.com Trader's Blog. [Read More...]
Stocks End Week With A Thud
Stocks ended the week and the month of April with a thud on Friday as traders took profits amid a flurry of better-than-expected earnings results from the biggest names in the market. The S&P 500 fell -0.7% to 4,181.17, while the DOW shed -.54% or 185.51 points to close at 33,874.85, and the NASDAQ dropped […] The post Stocks End Week With A Thud appeared first on INO.com Trader's Blog. [Read More...]
Stock Market Rallies To End Volatile Week
The stock market rebounded Friday after what was a volatile week for the market. Why all the volatility? It came from multiple news reports Thursday afternoon that President Joe Biden is slated to propose much higher capital gains taxes for the rich. That news sent stocks plummeting, with the DOW falling as much as 460 […] The post Stock Market Rallies To End Volatile Week appeared first on INO.com Trader's Blog. [Read More...]
DOW Makes Record Run Late Friday
The U.S. stock market climbed to record levels and closed out Friday trading at their session highs, with Wall Street wrapping up the week with solid gains amid rising optimism that a full reopening is right around the corner. The DOW rose fell just short of a +300 point day, gaining 297.03 points or +.89% […] The post DOW Makes Record Run Late Friday appeared first on INO.com Trader's Blog. [Read More...]
S&P 500 Hits Record Close
The S&P 500 crossed $4,000 for the first time in its history on Thursday, rising +1.2% to a fresh record close of 4,019.87 as Wall Street built on a solid March following the rollout of President Joe Biden’s infrastructure plan. The DOW climbed 171.66 points or +0.5%, to 33,153.21, and the NASDAQ jumped +1.8% to […] The post S&P 500 Hits Record Close appeared first on INO.com Trader's Blog. [Read More...]
Another Record Close For DOW And S&P 500
The DOW climbed 293.05 points or +0.9%, a record close at 32,778.64. The S&P 500 erased earlier losses and inched up +0.1%, eking out a record close of 3,943.34, and the NASDAQ shed +0.6% as rates surged once again, putting pressure on the tech sector. Alphabet and Facebook dropped 2% each, while Apple, Amazon, and […] The post Another Record Close For DOW And S&P 500 appeared first on INO.com Trader's Blog. [Read More...]
Week To Forget But A Month To Remember
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...]