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How One Tech Companies Misfortune Was A Blessing For Apple

Hello MarketClub members everywhere. Yesterday's mandatory recall of all of the Samsung's 7 Note devices is a huge blow for Samsung. Up until yesterday, Samsung was trying to recall and replace batteries that were overheating and causing fires and were a danger to the public and transportation systems everywhere. With this news, the stock of Samsung collapsed literally, and Apple's stock price soared.

MarketClub's Mid-day Market Report

What is interesting is that Apple begins delivery of its new iPhone 7 today. I can't help wondering if there wasn't some political maneuvering behind the scenes in this recall move. Yesterday, the US Consumer Product Safety Commission announced a full recall of the Galaxy Note 7 products in conjunction with Samsung. The formal recall covers about 1 million devices.

The exact wording that the US Consumer Products Safety Commission used was as follows: "Consumers should immediately stop using and power down the recalled Galaxy Note 7 devices purchased before September 15, 2016". Samsung's stock price started slipping on September 9 after what has been a pretty good year for this stock. The big question is how much damage has been done to this mega electronics companies reputation and can it come back to its former glory? [Read more...]

The Battle Continues Between The Bulls And The Bears

Hello MarketClub members everywhere. Choppy, choppy, choppy that's the only way to describe the recent market action as the Bears and the Bulls battle each other for domination. It reminds you of the election and the fight between the Democrats and the Republicans. Eventually, there will be a direction and a trend both politically and financially. My job here at MarketClub is to help you determine that trend and get on the right side – I am of course referring to the financial markets and not the politics of today.

MarketClub's Mid-day Market Report

Indexes: All of the major indices still have their long-term monthly Trade Triangles intact. The intermediate trend based on the weekly Trade Triangles is down which is reflecting the choppy action that we have seen the last few days. What is interesting is if you look at the weekly charts and the weekly RSI you can see that all of the indices are above the 50 support line indicating that the trend is likely to resume to the upside. However, there are no guarantees and I will rely on the weekly Trade Triangles to tell me when to get back on the long side of the market again. [Read more...]

Haven't We Seen All Of This Before?

Hello MarketClub members everywhere. There is no doubt about it Friday's move was sharp and painful for many investors. However, if you are following the Trade Triangles you were out of the market and on the sidelines based on the red weekly Trade Triangle's that were indicating potential problems for all the major indices.

MarketClub's Mid-day Market Report

Looking back, Friday's move looks very similar to the move we saw on June 24 of this year when the market dropped dramatically on a Friday only to open lower on Monday. The markets then reversed themselves and moved up and made back all their losses in just four or five days.

The big question is, is this going to be a repeat of last June? [Read more...]

Why This September Could Be Unlike Any Other September

Hello MarketClub members everywhere. I think we can all agree that this year's presidential election is something we have never seen before. It doesn't matter if you're a Republican, Democrat or an independent in the days leading up to the final vote, be prepared for the unexpected. That is why I say September is going to be unlike any other September.

MarketClub's Mid-day Market Report

Coming back from Labor Day the index markets bounced back and resumed their upward trend based on the long-term monthly Trade Triangles. Sometimes as traders we get caught up in the minutia of trading and fail to see the bigger picture. I'm waiting for the index markets to accelerate on the upside. This may not happen, as the weekly Trade Triangles are red indicating a sidelines position in all of the indexes. This will likely will change in the very near future. [Read more...]

And The Big Loser Of The Week Is

Hello MarketClub members everywhere. It's Friday; Labor Day weekend is on the horizon, so it is time to look back on the week. The biggest loser for the week is Crude Oil which is down from last Friday's close of $47.63 as of right now as October crude is trading around $44.39 down over $3 for the week.

MarketClub's Mid-day Market Report

Many of the other markets have seen changes in their intermediate weekly Trade Triangles and I will examine the ramifications of those moves in today's video.

Here is a quick look at the major markets and how things stand right now. [Read more...]

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