As we head into the close for the week, stocks are at or near session lows in a market selloff ending what was a volatile week. The reason for the selloff, spiking cases for Coronanvirus in several states. The U.S. hit a new record for daily coronavirus cases. That has caused the governors of Texas […] The post Market Selloff To End Volatile Week appeared first on INO.com Trader's Blog. [Read More...]

The stock market started the day with significant gains but quickly retreated as cases of coronavirus continue to spike in the states of Florida, Arizona, and California. On top of that, the WHO (World Health Organization) reported this afternoon that the pandemic has entered what WHO Director-General Tedros Adhanom Ghebreyesus termed “a new and dangerous […] The post Stocks Mixed As Coronavirus Cases Spike appeared first on INO.com Trader's Blog. [Read More...]

The DOW, S&P 500, NASDAQ, and Bitcoin all triggered new green monthly Trade Triangles signaling a move to a long-term uptrend. The move higher was on the back of a historic and surprising gain in U.S. jobs that raised hopes that the economy is starting to recover from the coronavirus pandemic. U.S. employers added a […] The post Indexes Trigger Monthly Trade Triangles appeared first on INO.com Trader's Blog. [Read More...]

The US-China trade tension has once again peaked its head out and put pressure on an already skittish market. Earlier in the week, the Senate passed a bill that would make it more difficult for Chinese companies to list on US stock exchanges. That in itself wasn’t enough to curb the weekly rally for the […] The post US-China Trade Tension Mutes Market appeared first on INO.com Trader's Blog. [Read More...]

Stocks are looking to end the week lower after a dismal retail sales number was released Friday morning. Retail sales plummeted a record -16.4% in April, which was much worse than the -12% plunge expected by economists. March retail sales were revised to a decline of -8.4% from the previously reported -8.7% decrease. Core retail […] The post Retail Sales Plummet Pressuring Market appeared first on INO.com Trader's Blog. [Read More...]

Even with the highest unemployment rate since the Great Depression the stock market continues to claw it’s way higher. Is the worst behind us? The Labor Department released its jobs report Friday morning, showing that a record 20.5 million jobs were lost In April and that the unemployment rate jumped to 14.7% from just 4.4%. […] The post Is The Worst Behind Us? appeared first on INO.com Trader's Blog. [Read More...]

The Coronavirus originated in and hit China first, so it should be expected that the Chinese economy could be used and will be used as a predictor for the U.S. economy moving forward. After all, we are talking about the two largest economies in the world. Since the mid-1970s, the Chinese economy has had more […] The post Is The Chinese Economy A Predictor For The U.S.? appeared first on INO.com Trader's Blog. [Read More...]

The question I keep asking myself is this, how long will this bear market rally last, and yes, I still think this is a bear market rally. There are zero reasons that the market was up for the week and especially for how much it was up. The DOW and S&P 500 both gained a […] The post Can This Bear Market Rally Last? appeared first on INO.com Trader's Blog. [Read More...]

After posting the worst single day since 1987, the stock market bounced back with the best single day since 2008. Stocks ended the week with a furious and aggressive move higher into the close Friday with the DOW gaining 1,985 points or +9.3%. The S&P 500 and NASDAQ also surged +9.3% for the day. However, […] The post Stocks Surge To Close Out The Week appeared first on INO.com Trader's Blog. [Read More...]

We headed into Friday afternoon off the lows of the session but still down for the shortened trading week after coronavirus cases escalated, which in turn has the stock market worried about a pronounced global economic slowdown. China’s National Health Commission reported more than 2,000 deaths in the mainland, with 75,00 confirmed cases. That news […] The post Stocks Fall As Coronavirus Cases Escalate appeared first on INO.com Trader's Blog. [Read More...]

Stocks were up sharply for the week entering Friday on the back of a four day rally as strong earnings and economic data outweighed worries over the coronavirus’ economic impact. The S&P 500 was up +3.3% for the week through lunchtime on Friday and was on pace for its best weekly performance since early June. […] The post Four Day Rally Comes To An End appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. The stock market gave back early Friday morning gains after the second U.S. case of the deadly coronavirus was confirmed. The Centers for Disease Control and Prevention (CDC) said a Chicago resident who traveled to Wuhan, the Chinese city where the coronavirus originated, in December was diagnosed with the sickness. So far, […] The post Coronavirus Sickens The US Market appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. The DOW surged over 300 points Friday on renewed hopes of a July rate cut by the Fed and possibly as much as three cuts by the end of the year. All three of the major indexes will post weekly gains over +4%, which is incredible considering that nothing has changed from […] The post DOW Surges On Rate-Cut Hopes appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. Shortly after Bitcoin broke thru the $8,000 level it suffered it’s biggest loss of the year trading as low as $6,178 on the day. Bitcoin has recovered more than 50% since the low hit earlier today. However, it is still down around -5% on the day at $7,071. Much like the recent […] The post Bitcoin Suffers It's Biggest Loss Of The Year appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. The Dow was down over 300 points or -1.19%, meanwhile the S&P 500 and Nasdaq are posting daily losses over -1%. Friday’s decline capped off a deep sell-off this week that will be the worst weekly loss for the stock market of 2019 with the S&P 500, DOW and NASDAQ losing -3.5%, […] The post Worst Weekly Loss Of 2019 For Stocks appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. Earnings season started with a bang early Friday as two major U.S. banks shared better than expected Q1 results which propelled the market higher at the open. The S&P 500 pushed above $2,900 for the first time since October of 2018, the DOW up over 290 pts in early trading and is […] The post Big Banks Boost Stock Market appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. Stocks surged higher Friday on increasing hopes for a U.S.- China trade deal. The Dow and Nasdaq are both on pace to post their eighth consecutive weekly gain. The S&P 500, meanwhile, was on track for its seventh weekly gain in eight. The indexes are all up more than 2% entering Friday’s […] The post Stocks Surged Higher To End The Week appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. The three major indexes are set up to post losses for the third straight day to end the week. In fact, if the trend holds true through the close the S&P 500, DOW and NASDAQ will all post weekly losses. That would be the first weekly loss in seven weeks for the […] The post Weekly Losses In Sight For Stock Market appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. The stock market got a late morning boost when Bloomberg reported that a China deal may be close. China has offered to go on a six-year buying spree ramping up imports from the U.S., that move would reconfigure the relationship between the world’s two largest economies, according to officials familiar with the […] The post Proposed China Deal Boosts Stocks appeared first on INO.com Trader's Blog. [Read More...]

Hello traders everywhere. All three major indexes are looking to finish the week on a strong note and post back to back winning weeks for the first time in nine weeks. The reason for the surge after a terrible day on Thursday, jobs. Nonfarm payrolls jumped by 312,000 jobs last month, the largest gain since […] The post Market Rallies On Strength Of Jobs Report appeared first on INO.com Trader's Blog. [Read More...]