By gaining an impressive +7.1% for the week, the S&P 500 will post its best election week gain since 1932, where it gained +11.6% when Franklin D. Roosevelt defeated President Hoover in 1932. Not to be outdone, the DOW will also post a weekly gain of +7%, and the NASDAQ will lead the pack with […] The post Best Election Week In Decades For S&P 500 appeared first on INO.com Trader's Blog. [Read More...]

As we head into Friday afternoon trading and the last trading day of October, the stock market is headed for its worst week since March of this year. Why? There are a few reasons, it’s been a difficult week in which coronavirus cases are on the rise both here in the U.S. and Europe. U.S. […] The post Stocks Have Worst Week Since March appeared first on INO.com Trader's Blog. [Read More...]

The stock market ended Friday trading relatively unchanged, with the DOW closing -28 pts lower or -.10%. The S&P 500 and NASDAQ both finished higher on the day with +.34% and +.37% gains, respectively. The weakness towards the end of the week was tied to stimulus plan news after Treasury Secretary Steven Mnuchin said that […] The post Stimulus Concerns Stall Market appeared first on INO.com Trader's Blog. [Read More...]

With the positive week, both the DOW and S&P 500 joined the NASDAQ with new green weekly Trade Triangles indicating that a long position is in order for the market. With the new green weekly Trade Triangles, all three indexes now have Chart Analysis Scores of +100, with green Trade Triangles across the board. The […] The post New Green Weekly Trade Triangles appeared first on INO.com Trader's Blog. [Read More...]

Earlier in the month, I mentioned that September is a historically weak month for the stock market. This September was no different with the stock market having it’s worst September since 2011. Just how bad was it? The S&P 500 lost -3.9%, the DOW shed -2.2%, and the strongest index of the year, the NASDAQ, […] The post September Was A Month To Forget appeared first on INO.com Trader's Blog. [Read More...]

Historically speaking, September tends to be a weak month for the stock market. September has been the worst-performing month for markets, on average, since 1950, with the S&P 500 (SP500) dropping on average about -1% since 1950. And this September is no different as we prepare for the third week of trading. As we stand, […] The post September Blues Continue For Stocks appeared first on INO.com Trader's Blog. [Read More...]

The DOW had been up as much as 249 points in early trading Friday before finally succumbing to sell-off pressure following the NASDAQ and S&P 500 lower in afternoon trading. As this video was recorded, the DOW was flat, drifting in and out of negative territory. The NASDAQ was down over -1%, and the S&P […] The post Trade Triangles Signal Trouble Ahead appeared first on INO.com Trader's Blog. [Read More...]

Stocks ended the day and week lower in a wild two-day trading session to end the week. The DOW closed 159.42 points lower or -0.6%, at 28,133.31. At one point, it fell as much as 628 points before reversing course in the late afternoon. The S&P 500 slid -0.8% to 3,426.96, and the NASDAQ fell […] The post Stock Market Winning Streak Ends appeared first on INO.com Trader's Blog. [Read More...]

Facebook, Apple, and Amazon are leading the tech sector after announcing better than expected earnings. However, as we head into the close, all three major indexes have dipped into the red for the day. As far as the weekly numbers go, the S&P 500 will likely eke out a weekly gain of roughly +.5%. The […] The post Big Tech Post Earnings Blowout appeared first on INO.com Trader's Blog. [Read More...]

For the first time since 2011, spot gold has topped $1900, hitting an intra-day high of $1906.35. Gold futures in the December contract traded above $1900, starting on Wednesday, hitting an intra-day high of 1933.60 today. On a weekly level, gold will post its seventh consecutive week of gains with a weekly increase of +4.8% […] The post Gold Hits Nine Year High appeared first on INO.com Trader's Blog. [Read More...]

U.S. consumer sentiment fell unexpectedly dipping in the early part of July amid a continuing rise in new coronavirus cases. The University of Michigan’s consumer sentiment index came in at 73.2 for July, a decline from 78.1 in June, snapping a two-month uptrend. Economists who had been polled by the Dow Jones were expecting a […] The post Consumer Sentiment Falls Unexpectedly In July appeared first on INO.com Trader's Blog. [Read More...]

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...]