Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 8th of February.
*TO ALL OUR CLIENTS IN THE NORTHEAST, STAY WARM AND SAFE THIS WEEKEND*
THE STATE OF THE UNION ADDRESS ON TUESDAY
I think this week is pretty reflective of a wait-and-see attitude the market is taking to see what Pres. Obama is going to say on Tuesday with his State of the Union address.
I will be on CNBC Asia live from Washington DC shortly after the State of the Union Address on "Cash Flow" around 10pm ET, next Tuesday night (Feb 12th). I will be addressing what the President said and how the markets are likely to respond. With the State of the Union address and the sequestration at the end of this month, there are a lot of uncertainties in most investors' minds. I think that the markets next week and even perhaps for the rest of the month are going to be choppy. Let's check the trends carefully and see how some of the key markets react to these two important events.
TODAY'S VIDEO NEWSLETTER
In addition to analyzing the major markets, we will be covering six stocks on the move today.
3 stocks moving to the upside: Microchip Technologies (MCHP), Seagate Technologies (STX), Adobe Systems Inc (ADBE)
3 stocks moving to the downside: Moody's Corp (MCO), First Solar Inc (FSLR), Republic Services Inc (RSG)
NEW TRADE TRIANGLE COLUMN
You may have noticed the addition of our Trade Triangle column to your Portfolio Manager, as well as some changes to how our Trade Triangles look. You can now quickly view your Portfolio Manager and see the Trade Triangles for all of your portfolio holdings. With just a glance, you can view the new Trade Triangles for the day, which are now highlighted with a yellow box. We show you the date and price the Trade Triangle occurred by hovering over the Triangle with your mouse. We hope you will find these changes to be a huge benefit for your portfolios!
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Have a great trading day, and for those of us in the Northeast stay warm and safe. See you all Monday and have a great weekend,