The S&P 500 and DOW jumped to record levels on Friday despite a disappointing April jobs report. The Labor Department said nonfarm payrolls increased by just 266,000 in April, far less than the 1 million total economists were expecting, according to Dow Jones. The unemployment rate rose to 6.1% last month amid an escalating shortage […] The post Disappointing Jobs Report And Record Highs appeared first on INO.com Trader's Blog. [Read More...]
Stocks Finish Volatile Week On High Note
Stocks soared on Friday, finishing the volatile week on a high note, having their best day in more than two weeks. The DOW closed 453.40 points higher or +1.4%, to 33,072.88. The S&P 500 rose +1.7% to 3,974.54, hitting a record closing high, and the NASDAQ erased a -0.8% loss to end the session +1.2% […] The post Stocks Finish Volatile Week On High Note appeared first on INO.com Trader's Blog. [Read More...]
Tech Selloff Continues To Pressure Market
The DOW slid 234.33 points or -0.7%, to 32,627.97 on Friday, pressured by Visa and JPMorgan. The S&P 500 dipped -0.1% to 3,913.10, closing off its lowest level of the day when it fell 0.7%. The NASDAQ gained +0.8% to 13,215.24 as investors bought the dip in tech shares which had been putting pressure on […] The post Tech Selloff Continues To Pressure Market appeared first on INO.com Trader's Blog. [Read More...]
DOW Rallies 570 Points In Big Turnaround
The DOW climbed 572.16 points or +1.9%, to 31,496.30 after losing as much as 150 points in earlier trading. The S&P 500 ended the wild trading session +2% at 3,841.94 after shedding -1% earlier and the NASDAQ advanced +1.6% to 12,920.15 after dropping -2.6% early in the trading session. On a weekly level, the NASDAQ […] The post DOW Rallies 570 Points In Big Turnaround appeared first on INO.com Trader's Blog. [Read More...]
Records, Records and More Records
Stocks will end this record-setting week at or near record levels, with the S&P 500 gaining +.9% for the week, the DOW +.8%, and the NASDAQ outperforming with a gain of +1.4%. The records set this week by the three main indexes are as follows, S&P 500 – 1,931.50, DOW – 31,543.82, and the NASDAQ […] The post Records, Records and More Records appeared first on INO.com Trader's Blog. [Read More...]
Stock Market Feels The Squeeze
The DOW dropped more than 600 pts Friday to finish January with its worst week since October losing over -3.2%. The S&P 500 and NASDAQ couldn’t avoid a selloff, with both indexes losing -3.3% and -3.4%, respectively. The reason for the losses, a short squeeze of all short squeezes. It started on January 25th when […] The post Stock Market Feels The Squeeze appeared first on INO.com Trader's Blog. [Read More...]
Stocks Set New Record Highs
As expected, when there’s a change of power, stocks have been all over the board this week, and after hitting record levels on Thursday, the major indexes are pulling back a touch heading into the weekend. The record highs now sit at 3,861.45 for the S&P 500, 31,27.22 for the DOW, and 13,560.22 for the […] The post Stocks Set New Record Highs appeared first on INO.com Trader's Blog. [Read More...]
First Losing Week Of 2021
The bull run that started in December had to take a breather after it extended into 2021 and this week was the week. Six of the seven markets that we track weekly will finish the week down, and the one market that is up may shock you. We’ll start with the three major indexes. The […] The post First Losing Week Of 2021 appeared first on INO.com Trader's Blog. [Read More...]
Another Day Another Record High For Bitcoin
Bitcoin (BITSTAMPUSD) hit a new record high of $42,000 Friday afternoon, surpassing the previous all-time high of $40,123 that it reached on Thursday. Year-to-date gains are now over 40% making Bitcoin the strongest mover in 2021 by far. In typical bull market euphoria, Bitcoin’s price has more than doubled in less than a month as […] The post Another Day Another Record High For Bitcoin appeared first on INO.com Trader's Blog. [Read More...]
Winning Week For Stocks And Bitcoin
Despite Friday’s overall weakness, the three major indexes and Bitcoin were able to post weekly gains. The DOW gained +0.4% for the week while the S&P 500 advanced +1.3% for its fourth positive week out of the last five. The tech-heavy NASDAQ outperformed the other two indexes with a gain of +3.1% for the week. […] The post Winning Week For Stocks And Bitcoin appeared first on INO.com Trader's Blog. [Read More...]
Disappointing Jobs Report Doesn’t Stop Record Run
Stocks hit record intraday highs and closed at record highs on Friday, with the S&P 500 and DOW closing higher for the second straight week as traders shook off a disappointing U.S. jobs report. The NASDAQ was able to make it three weeks in a row with a weekly gain. The DOW closed higher by […] The post Disappointing Jobs Report Doesn't Stop Record Run appeared first on INO.com Trader's Blog. [Read More...]
Best Election Week In Decades For S&P 500
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...]
Stocks Have Worst Week Since March
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...]
Stimulus Concerns Stall Market
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...]
New Green Weekly Trade Triangles
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...]
September Was A Month To Forget
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...]
September Blues Continue For Stocks
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...]
Trade Triangles Signal Trouble Ahead
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...]
Stock Market Winning Streak Ends
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...]
Big Tech Post Earnings Blowout
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...]