Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for the last day of the month and quarter, Wednesday the 2nd of September. The NASDAQ Is On Fire! There's no doubt about it, the NASDAQ is and has been the strongest index out of the three indices we track. The NASDAQ index is being driven by the likes of Apple (NASDAQ:AAPL), Tesla (NASDAQ:TSLA), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and many other internet and tech stocks. Is this trend likely to continue? I believe it will continue and I am looking for higher levels in all of these markets, providing that our Trade Triangle technology is in agreement. Is Gold A Buy Right Here? Our Trade Triangles have enjoyed a great deal of success trading in gold over the last several years. Trade Triangle Past Performance: Gold 2008 : +501.6% 2009 : +48.5% 2010 : +35.3% 2011 : +186.7% 2012 : +57.6% Trading in gold, just like any other market, has a certain amount of risk. Risk can be managed to a certain degree through diversification and money management stops, which I highly recommend. Gold can be less volatile than stocks in many ways and it is only when you introduce leverage into the equation that it becomes a higher risk market. Every day, via our World Cup Portfolio, we provide members with the key levels for the next day that could be possible entry or exit signals in gold using our Trade Triangles. As to whether gold is a buy right here? It is too early to say and I'll certainly be looking to our Trade Triangles to determine when to get long gold. Right now, the major trend for gold remains down. Trading Rules: How the Trade Triangles work in Gold Use the weekly Trade Triangle to determine the major trend and initial positions. Use the daily Trade Triangles for timing purposes. Let me give you an example: if the last weekly Trade Triangle is GREEN, this indicates that the major trend is up for that market. You would use the initial GREEN weekly Trade Triangle as an entry point. You would then use the next RED daily Trade Triangle as an exit point. You would only reenter a long position if and when a GREEN daily Trade Triangle kicked in. You would then use the next RED daily Trade Triangle as an exit point, provided that the GREEN weekly Trade Triangle is still in place and the trend is positive for that market. The reverse is true when you have a RED weekly Trade Triangle. You would use the initial RED weekly Trade Triangle as an entry point for a short position. You would then use the next GREEN daily Trade Triangle as an exit point.
It's hard to know where to begin, so let's begin at the beginning. I think we should throw all the Republicans and Democrats out of office - they are absolutely not helping America move forward and get back on its feet again. What is happening now in Washington is a childish squabble between two completely different ideologies without any grown ups in the room. I believe that both parties have lost sight of the big picture, and that's making America strong economically. That means creating jobs, putting people back to work and to live within our means. If we can't afford it, we can't afford it - end of story. These simple concepts seem to be beyond the grasp of the two parties and the last thing on either parties mind. It's all about, whats in it for me, and I want to keep my position of power and job come h@ll or high water. That narrow minded attitude does not reflect well on America,the economy and the stock market in general. There are no winners in this stupid schoolyard game of mines bigger than yours, as both parties in the eyes of the general public are going to lose big. Leave a comment below and give us your take on Washington and the current stalemate. On a brighter note, Apple (NASDAQ:AAPL) just became the number one brand in the world according Interbrand's annual Global Brands report. Apple displaced perennial number one Coca-Cola after a 13 year run on top. We say it's about time, congratulations Apple. On a personal note, I still have not been able to buy an Apple gold iPhone 5S phone. According to the local Apple Store here and Annapolis, there is a line every morning outside the store waiting for the overnight supply of new iPhones to come in. That is how good and how strong the cult of Apple is, everybody wants a new iPhone. No, let me rephrase that everybody wants a gold iPhone 5 S. Apple could just on those facts alone move higher when it's finished it's consolidation phase. Maybe by that time I will have a gold iPhone 5s in my hand:-) I'll be looking at Apple today and how I believe it is consolidating to go higher. Unlike the gold iPhone 5S, gold has to be disappointing to the bulls with all this financial chaos in Washington. In fact as I am writing this gold is down for the day. We still believe this market is in the beginning phase of consolidating to move higher later this year or early next year. We will of course be waiting for our Trade Triangles to signal that move FaceBOOK (NASDAQ:FB) along with Netflix (NASDAQ:NFLX) and Tesla (NASDAQ:TSLA) have all had a nice run-up and we will be analyzing those stocks in today's report.
The four day slide in the DOW (INDEX:DJI) pulled this index back to a perfect 30.2% Fibonacci retracement, where the market found support. With our long and intermediate term Trade Triangles in a positive mode, I am looking for this and the other market indices to resume their upward trend. The headwinds are of course, funding of the federal government, tapering, Syria and Muslim extremism. Any of those events could spook the markets in the month of October. Today, President Obama is speaking at the United Nations (now there is a misnomer). I'm not sure what that's going to do, as the UN has been a largely ineffective organization since its inception on 24th of October, 1945. The U.S., thanks to your tax dollars, funds 22% of the UN, China 5.15%, and Russia 2.5%. Gold continues to struggle and the question is, is gold close to a major bottom? I will be examining gold, plus reporting on the following stocks in today's video report. Apple (NASDAQ:AAPL) Facebook (NASDAQ:FB) Netflix (NASDAQ:NFLX) Pandora Media (NYSE:P) Tesla (NASDAQ:TSLA)
Today, Apple (NASDAQ:AAPL) began to officially sell its new iPhones, the 5S and 5C, around the world. Long lines were reported in Europe, Asia and here in the States as Apple loyalists lined up to buy the latest and greatest from Apple. Is Apple (NASDAQ:AAPL) going to sell as many of the new iPhones as it has in the past? I think so, many iPhone users myself included, did not upgrade to the iPhone 5 last time. I will be upgrading this time and trading in my 4S for a brand new, fingerprint ready 5S. I think many other Apple users will be doing the same thing in this new product update cycle. On Wednesday, like many other iPhone users, I downloaded the new IOS7 operating system for the iPhone and iPad. I have to say the new interface is clean, pretty slick, beautifully designed and works like a charm. The good news for everyone is that Apple made this upgrade free of charge. One thing that many people overlook on the iPhone 5S is just how well built the actual phone is. With incredible construction, integrated technology and the latest IOS7 software, what is there not to like? With an ecosystem of thousands of different apps, some of the best apps in the world, you can find pretty much anything you want for your iPhone. When the original iPhone came out, it was a game changer. The revolutionary look, feel and design was quickly copied by others. The real benefit and the power of Apple is the fact they make both the software and the hardware to offer a totally integrated experience for the end user. In the days and weeks ahead, I expect to see continued positive coverage of the Apple iPhone. The new iPhone 5C, while less expensive, will likely spur people to spend the extra hundred dollars to get the 5S phone and have the top-of-the-line product. In China, the new gold iPhones are going to do very well. While Apple (NASDAQ:AAPL) has yet to do a deal with the China Mobile, I believe that China Mobile will want to make a deal with Apple when it sees how well the new iPhones are selling. I will also be following up on these stocks today: Pandora Media (NYSE:P) Tesla (NASDAQ:TSLA)
I have been saying for some time that the Fed is not going to do anything until January 2014, when there will be a change in the chairmanship. It goes back to that fundamental human trait of "wanting everyone to like me." I think Ben Bernanke wants to be seen as a benevolent Fed chairman when he retires in 2014. This is classic Washington politics, where the Fed chairman gives a very gracious speech saying that it's been a challenge and he enjoyed his time as chairman of the Fed, but he'll leave out the part where it's not his problem now. Whoever becomes the next Fed chairperson will face monumental challenges trying to extricate the country out of this spending binge and gluttony of cheap money. I suspect that had the Fed known they would be no further forward in 2014 when they took this quantitative easing course four years ago, they would have chosen another course of action to stimulate the economy. Here is a quick question for you, how many zeros are in $1 trillion? The answer is 12. 1,000,000 = million 1,000,000,000 = billion 1,000,000,000,000 = trillion A trillion dollars is an extraordinary amount of money and we have been spending pretty close to that every year for the last four years, and the economy is still struggling. Capitalism doesn't work when you artificially suppress real supply and demand thinking that will support or keep prices in check. Free markets work and have always worked when they are left alone. Yes, we have had boom and bust periods over the last 100 years of capitalism, but that is how it is supposed to work. Businesses come and go, it is all part of the business cycle. Businesses are allowed to fail and go out of business and there is always another company ready to pick up the good pieces and move forward. The market continues to be obsessed and addicted to the free money of QE. In my book, addictions don't usually turn out well, so be prepared! I will be examining the following stocks today in this report: Netflix (NASDAQ:NFLX) Pandora Media (NASDAQ:P) Tesla (NASDAQ:TSLA)
News that Larry Summers was withdrawing his name for consideration as the next Fed chairman sent stocks soaring overnight in Asia and Europe. When the US markets opened, it followed through and helped push many stocks to new highs. Today I will be looking at the indices and certain stocks that I think are worthy of your consideration. I will also be looking at Netflix (NASDAQ:NFLX) and Pandora Media (NASDAQ:P). Can they still grow and make money? And I will be taking another look at Tesla (NASDAQ:TSLA) to see if it has anymore juice left in its batteries.
One of my favorite things to do is to look at charts and chart patterns. The pattern I'll be showing you today, I've seen a thousand times before. What I like about this pattern is that it is very reliable. I am going to share with you a stock that no one is talking about and is probably not on anyone's radar at the moment. It has a similar analysis and pattern to Apple stock, before Apple had its big up move. Now I have to admit, this stock may not be as appealing as Apple, however it is a big, well-known stock. You will recognize the name immediately when you watch the video. I had put this stock in my portfolio a while back and had almost forgotten about it, when it popped up in the little chart box on my personal MarketClub homepage. The chart pattern of this stock immediately caught my eye and demanded more analysis on my part. See if you agree with my analysis and please share if you see something that you think I have missed. If you have a different view on this stock, please feel free to leave a comment. Buying or selling, agreeing or disagreeing, that is what makes a market.
There is no question about it, most analysts did not like Apple's press conference yesterday and viewed it as a very disappointing event. But what really happened? Apple (NASDAQ:AAPL) came out with some stellar upgrades such as moving to 64bit architecture and software updates in what I consider to be the best operating system on the planet for mobile. They also unveiled a fingerprint technology that reaches a whole new level of security and puts Apple way ahead of most companies. I think this type of technology could be a Trojan horse for Apple in the corporate world. It also opens up a whole new market for Apple where security is essential, for example, think of online banking transactions. If that was not enough, Apple is also giving away their iWork software to new iPhone buyers. It just was not enough for the market that devours ideas and spits them out on a regular basis. The reality is, every Apple (NASDAQ:AAPL) event cannot be a blockbuster, it is just impossible to keep that pace of innovation going on a regular basis. So with no knock-it-out-of-the-park product in hand and no deal with China mobile, the stock of Apple came under heavy pressure this morning and slid almost 6%. The question I am asking today is, "Is Apple a buy here?" I will be looking into Apple stock today and giving you my viewpoint. I will also be reporting on Facebook (NASDAQ:FB) and Tesla (NASDAQ:TSLA). These are two exciting, forward-looking companies that are leading the charge into the future. I will be looking at each of them using our Trade Triangle technology.
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 9th of September. Finding winning trades among literally thousands of stocks used to be difficult and time consuming. Now, thanks to high-speed computers, that task is so much easier. One of the many things I like about MarketCub is its ability to sort through thousands of symbols with just a few mouse clicks. Personally, I like to see ETFs that have good volume and I do not trade in markets that trade less than a hundred thousand shares a day. It is too easy for a market like that to be manipulated by a few players. Like everybody else, I don't like to be manipulated. Today, I found seven ETFs that show potential buy signals using our Trade Triangle and Smart Scan technology. I'll show you how I used our scanning tools and share with you what ETFs I found in this video. Who knows? These ETFs could be just right for your portfolio. Tomorrow, Apple (NASDAQ:AAPL) unveils its long-awaited iPhone 5S and 5C. Much has been written and rumored about Apple's new iPhones, new color, new operating system and fingerprint security. Lest we forget, Apple is still the most valuable company in the world and the stock has being doing very well lately. It looks set to move up to my $540-$550 target zone. The general market is not looking for any surprises to come out of their press event. If something should come out of left field that no one has written or reported on, it could be a real game changer and accelerate Apple stock to the upside. I would not rule out a surprise from Apple tomorrow. What are your thoughts on Apple? Would you buy Apple today before tomorrow's press event?
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 6th of September. Early this morning, I had a reporter call me in regards to the non-farm payrolls and my thoughts on what I expected. I must admit, non-farm payrolls was the furthest thing from my mind as I believe the market and the world is becoming consumed with Syria. It seems we have half of the world against us, including Russia and China, which is not a good thing. Why we did not wait for the UN to provide some political cover is beyond me. I think President Obama has unfortunately dug a big hole for himself and is not sure how to get out of it. So let's take a look at the markets and see how they're acting. Crude oil is trading at over $110 a barrel. I've been bullish on crude oil for some time now, and while Syria is not a big producer, it's certainly surrounded by big producers. If this Syrian mess spreads, then it could be a real problem for the west. One of the main beneficiaries of this whole mess has got to be Russia with their supply of oil in the ground. And of course as oil goes up, it just puts more and more money into the hands of the Middle East. I think a lot of investors have to be disappointed with the action in gold as it really hasn't moved that much at all. From where I sit, gold is actually lower for the week. The DOW, S&P 500 and NASDAQ are all positive for the week, with the NASDAQ up 2% thanks in large part to the tech stocks. The dollar looks like it's coming to the end of its run and should run into resistance against the Euro at or close to current levels. My gut feeling with Syria is that we're going to drag this out, and it is going to go on and on before anything happens. The American population will just get tired of talking and hearing about it and wish the whole mess would just go away. We do nothing and hopefully another big news cycle comes along and takes Syria and this administration off the front pages and out of the blogosphere and it just fades away. The downside for America in the eyes of the world and especially the Chinese is that we will lose face and stature.