Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 20th of May. Yahoo Bets A Billion Marissa Mayer, president and CEO of Yahoo, is making a big bet today on a six year old company that is rapidly running out of money. Yahoo (NASDAQ:YHOO) is committing up to one third of its cash to buying the micro-blogging website, Tumblr, for 1.1 billion. Tumblr has approximately 108 million blogging sites and by all accounts will increase Yahoo's traffic by 20%. The key of course is whether or not Yahoo can make money from their decision to purchase Tumblr, as revenues for this stock last year only totaled $13 million. I think you will agree that spending $1.1 billion to get an income of $13 million does not make a lot of sense. We are going to let the market tell us what it thinks of this acquisition and how well Yahoo can monetize its base. Yahoo's stock has done well this year and we have been bullish on it for sometime. It remains to be seen whether the recent upward trajectory will continue and remain intact with Marissa's big bet. We will be looking at Yahoo today. Has The Fed's Big Bet Gone Sour? Look for doubts and finger pointing begin to creep in to the Fed's big bet policy. The QE programs have not achieved the goal of economic growth that the Fed wanted to achieve, nor has it helped create jobs. It has helped Wall Street get richer, all while leaving middle America pretty much the same as it was in 2009. In a capitalistic society like America, boom and bust periods occur on a regular basis. It is my opinion that it is much better to let them occur naturally rather than trying to alter the course of the economic cycle by spending more money. Chairman Bernanke's concept was pretty simple, he studied the great depression of the 1930s, and just did the opposite of everything. In the 1930s money was scarce and tight, so Chairman Bernanke said we will just make money more available and flood the market with credit. That policy has been good for the stock market, but that's about all. My advice to the chairman is, you can't play God with the market. While the economy has not turned out the way the Fed had hoped, one Fed member named Fisher, says the US needs a rational fiscal policy to help spur economic growth. I couldn't agree more with that statement, but I don't believe the current administration has the same ideas. Will The IRS Scandal Torpedo The Bull Market? It looks as though the IRS scandal is beginning to take hold of the American psyche. This could torpedo the bull market, as America has a tendency to be consumed by political scandals. This week will be a very important week for the market, as it will reflect to a large degree just how nervous the markets are about this scandal. The old adage of "sell in May and go away" may still work, given the current scandal. The Dreamliner Flies Again After being suspended for almost five months with battery problems, a United Airline Dreamliner is going to take to the skies today for its first flight since January. The state of the art engineering of this airplane allows it to fly using 20% less fuel. This of course could have huge cost savings for the airline industry around the world, according to Boeing (NYSE:BA), the manufacturer of the Dreamliner. We hope that Boeing has fixed all of the problems and that they're flying safely today. We will be looking at and analyzing the stock of Boeing today using our Trade Triangles.
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 17th of May. Tesla Soars As Excitement Builds For Electric Cars This week, Tesla Motors (NASDAQ:TSLA) soared as investors rushed into buying shares of America's only electric car company. Shares of Tesla jumped 19.72% for the week as of this writing and are closing in on new high ground. Of course, this must make Elon Musk and investors in this stock very, very happy. You may want to take a look at my earlier video on Tesla (NASDAQ:TSLA) here. Gold Loses Big Time This Week The price of gold plummeted this week with losses of over 5% as investors jumped out of this once precious metal and into US and Japanese stocks. If gold closes where it is currently trading at $1,363 on the spot market, it will represent a new low weekly close for the year. Such a close would indicate further downside pressure for this metal. Technically, we cannot rule out a test of the $1300 level. Watch Today's Video Update Here Did You See LULU? You can watch it here. Apple Is No Longer Cool It looks like the mojo has changed for Apple (NASDAQ:AAPL). In a recent survey, 71% of investors said that Apple has lost its innovative edge. That viewpoint was largely reflected this week in stock prices with Apple closing down over 4%. Google (NASDAQ:GOOG) on the other hand, ended up closing up 3.3%, a changing of the guard perhaps. The trend is clearly positive for Google and sideways to lower for Apple. Everybody Wants US Dollars! For this past week, the US Dollar has proven to be the currency of choice. Most other currencies lost ground in active trading. For the week, the Dollar gained 1.3% against the Euro, 1.3% against the Japanese Yen, and a whopping 2.8% against the Aussie Dollar. I see these trends continuing and would not rule out setbacks, but the trend is clearly established in favor of the US Dollar right now. The Stock Market Makes New Highs - So What Else Is New? In spite of all the Washington wrangling over the IRS, Benghazi and the FBI, stock market managed to put in a solid performance for the week. The S&P 500 is closing up 1.4%, the NASDAQ a similar amount of the DOW with a gain of just over 1%. As I have said before, standing in front of the train or catching a falling knife in the market is not a good idea right now. The old adage of "sell in May and go away" may still work, but I wouldn't count on it. I would only count on our Trade Triangle technology to tell us what is going to happen.
Today I am going to share with you one of my favorite technical tools and how to use this tool to successfully navigate the ups and downs of Lululemon Athletica Inc. (NASDAQ:LULU). Just recently, there has been a great deal of controversy about this company. You might recall the problem they had with their see-through workout pants. It turns out their workout pants were just a little bit too sheer for everyone’s comfort. The company also got sued by a pension fund for giving executives big bonuses on the eve of the recall of their too sheer workout pants. In this video, we will be diving into Lululemon (NASDAQ:LULU) using a technical tool that is readily available to you and one that is very easy to use and understand. This short video is just five minutes in duration and will help you understand the key element of this simple tool. It is a tool I have used successfully for many years in both stocks and other markets. Like any technical tool, it is not perfect and not guaranteed to make you money, however this technical tool comes as close to perfection as you can get. I hope you learn from today’s video and can apply your new knowledge to make your own trading even more profitable.
Hello MarketClub members everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your video update for Wednesday, the 15th of May. Google Music? Word on the street is that Google (NASDAQ:GOOG) is set to announce today a new streaming music service, one that will compete against Pandora and Spotify. Once again, it seems as though Google wants to be everything to everybody, and whether Google can compete in the music business and be successful remains to be seen. Should you buy or sell Google? If you haven't watched my Google trading video on how to trade Google successfully, you can watch it here. The Beat Goes On Stock prices hit a high yesterday as more and more disenfranchised short sellers are covering their shorts and exiting this market. So far, this market has not yielded to any downside pressure or correction to the surprise of many professional traders. What I do know, is that trends tend to persist longer than expected, and that they don't ring a bell at the top of any market. In a recent blog poll, we asked readers what they thought of the market: I see it going up from here (39%) I think we are due for a major correction (38%) The votes are almost equally split which reflects the sentiment of the overall market itself. This is when our Trade Triangle technology really shines as it takes an unbiased view of the market and what is actually happening. I have found over the years that the general market never gets it wrong, if you just listen to what it is saying. King Dollar - Can The Trend Continue? With the rest of the world taking its cue from the US and going into a QE type mode, the Dollar continues to do well against the Japanese Yen, Aussie Dollar and to a lesser extent, the Euro. I am puzzled by the fact that the Euro has held up as well as it has. The news out of Europe today indicates that Europe's GDP is going to be less than was forecast. The Big Gold Meltdown? With all of our Trade Triangles in a negative mode, I see nothing but further downside pressure for this market. The next big psychological level for gold to test is the $1,400 area. Traders will want to watch this level very closely at the end of the week. A close below $1,398.39 will represent a new weekly low closing for the year and will be very bearish for this market. Technically we cannot rule out a test of the $1300 level.
In today's short educational trading video, I'm going to show you how you could have made shockingly great returns using our Trade Triangle technology. The approach is simple and I will share with you the step-by-step approach to every single trade. Once the video is over I think you'll be shocked to see how few trades there actually were and how easily the gains were achieved. After you watch the video, you can make up your own mind whether this approach would be useful for your own trading or not.
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 13th of May. The Aussie Dollar Crashes Today we are going to take a look at the Aussie dollar to understand why it closed last Friday at its lowest levels since June 2012. This market clearly is on the defensive as Australia re-tools its economy with a lower priced currency. By lowering its currency, Australia hopes, like Japan, to jump start its economy. A less expensive Aussie dollar should help make Australian exports more competitive and more attractive, particularly to China, which is its main trading partner. This particular trade could be one of the best trades of 2013. If you haven't seen last week's Aussie Dollar video, you can watch it here. The Trend Continues In The Yen The US dollar moved to its best levels in five years against the Japanese Yen, as the Yen reached 102 early this morning in overseas trading. The Japanese Yen has been on the defensive against the US Dollar since last October, when our Monthly Trade Triangle kicked in and the Dollar began to accelerate its gains against the Yen. I believe that this market, which is very overbought, is getting close to a target zone around the 103.00 level. I would now expect the 100.00 level to act as a floor for the US dollar. Is The Euro Finally Ready To Move? With all of our Trade Triangles in a negative mode for the Euro, I expect to see this market move down to the 1.2750 area before it's all over. Any kind of strength in this market will be short covering and not new buying. If we see any kind of rate cuts coming out of Europe, I would expect that kind of action to be a negative for the Euro. The Major Trend In Gold Resumes Last Friday, gold closed at its lowest weekly close in three weeks. I have said this before, it takes a tremendous amount of energy to reverse a market and change its trend. Gold is finding out just how difficult this task is to get back into a bullish mode. I think we will see further pressure and sideways action before gold can once again resume its upward trend. In the meantime, I would not rule out another test of the $1,300 level. We are relying on our Trade Triangle technology to tell us when the downward trend is over. On Investors' Minds: UNITED STATES - Complacency, the IRS and Benghazi MIDDLE EAST - Potential conflict EUROPE - Another rate cut coming? ASIA - A license to print money THE FED - An enigma wrapped in a conundrum OTHER - May 19th, debt ceiling suspension expire
In today's short educational trading video, I'm going to show you how it was possible to trade for nine months straight without a losing trade. I will also share with you a step-by-step approach to every single trade. Don't worry, there are not thousands, or even hundreds of trades to follow! In fact, there are less than a handful to track. The video will show you how we entered every trade and how the trade was exited. You'll have a front row seat to watch how this was possible for nine months straight, trading without a loss in one of the largest, most liquid stocks in the world. The initial feedback we received in a recent sneak preview has been extremely positive, and in several cases it was described as an "eye opener" for many of these viewers. The video runs about 4 1/2 minutes. I personally believe this video will give you insight into how the markets really work. After you watch the video, you can make up your own mind whether this approach would be useful for your own trading or not.
Recently, Australia's central bank cut interest rates to a record low, seeking to be more competitive in the global economy. The Reserve Bank of Australia, or RBA, lowered the benchmark cash-rate target to 2.75%, expressing concern that the Australian dollar remains close to 30-year highs. According to the Economist Index, the Australian Dollar is 12% overvalued and is crippling the nation's manufacturers and exporters. In this short video, I'm going to share with you the rumored trades that Geroge Soros made on the AUD. It is believed that he pocketed $60 million on these trades in just 36 hours. I will show you using our Trade Triangle technology just how you would've beat George to the punch.
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 10th of May. Running Out Of Gas Or Is Complacency Setting In? The market has two enemies, gravity and complacency. It would appear as though complacency in this market is becoming more and more of the norm, which is a definite danger and warning sign. The type of complacent attitude we are seeing tends to give birth to the market's second enemy, gravity. Earlier this week, we produced a short video explaining how a simple technical formation known as a "parallel channel" may be indicating that we are close to an interim top for this market. Is Gold Headed For $1,200? I am not sure who coined the phrase, "the trend is your friend," but it has certainly proven to be true in the gold market. After recovering from a dramatic fall, the gold market has once again resumed its downward path. With all of our Trade Triangles red, I see nothing but further downside pressure for this market. Technically, we could see a retest of the $1,300 level. A Pullback In Crude Today - Time To Buy? The June crude oil contract pulled back from the highs seen six days ago around $97.00 and now appears set to fall back into a 50% Fibonacci retracement of $93.61, from the recent low seen just nine days ago at $90 a barrel. At the moment, our technical signals are mixed, but I do expect to see this market find support between $93.00 and $93.50 basis the June contract. The Aussie Dollar Joins The Race To The Bottom Yesterday we produced an educational trading video on the Aussie dollar, showing where I expect this currency to go in the coming months. I also explain why it could be one of the best trades of 2013. On Investor's Minds: UNITED STATES - Nothing but complacency MIDDLE EAST - Potential for a major Mideast conflict EUROPE - All quiet for the moment THE FED - Reality distortion OTHER - May 19th, debt ceiling suspension expires Have a great trading day, Adam Hewison President, INO.com Co-Creator, MarketClub
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 8th of May. Is a Parallel Channel Indicating a Top For This Market? One of the biggest enemies of investors is being too complacent. I feel that this malady is very much the case in today's market. I believe investors should be concerned and should be using money management stops on all of their long positions. We have not seen any type of significant pullback since the recent low on April 18th. In today's daily update, we are going to be looking at a parallel channel, which could be marking a new term top for this market. The parallel channel started in mid November of last year and has remarkably contained most of the action for the past six months. I think you'll find this video to be particularly interesting today. Watch Today's Video Update HereIs Gold Putting In a Bottom? It slices, it cuts, it chops, it performs all these functions and no, I'm not talking about a Veg-O-Matic! I'm talking about the gold market. Has the gold market put in a major low or are we going to see more sideways-to-choppy action? In today's video, we will be taking an in-depth look at gold. Will Middle Eastern Concerns Push Crude Higher? Yesterday, our Trade Triangles signaled a major buy signal for Exxon. I believe this is significant, as several other energy stocks are also acting in a positive fashion, along with the actual commodity itself. On an intermediate term basis, the Trade Triangles are now positive on crude oil and I expect to see this market improve. Only the longer term monthly Trade Triangle remains negative and that could change fairly soon. In today's video, we will be delving into the oil patch and looking at what could be an explosive market if things in the Middle East begin to fall apart. On Investor's Minds: UNITED STATES - Nothing but complacency MIDDLE EAST - Potential for a major Mideast conflict EUROPE - All quiet for the moment THE FED - Reality distortion OTHER - May 19th, debt ceiling suspension expires Have a great trading day, Adam Hewison President, INO.com Co-Creator, MarketClub