S&P 500
2000.02
+2.10 +0.10%
Dow Indu
17106.70
+29.83 +0.17%
Nasdaq
4569.85
+12.50 +0.27%
Crude Oil
94.14
+0.28 +0.30%
Gold
1284.655
+1.085 +0.08%
Euro
1.31800
+0.00178 +0.14%
US Dollar
82.519
-0.152 -0.20%
Strong

Is It Time To Buy Yelp, Inc. (NYSE:YELP)?

Yelp (NYSE:YELP) is the go-to app for reviews on restaurants, shopping, local services and the like.

Earlier this year in March, Yelp was trading over $100 a share and looked on its way to the moon. However, just the reverse happened and Yelp lost half its value by early June. Since that time, the stock has recovered and traded as high as $80 in early July.

There are several reasons why I like this stock right now and they're all technical. I have no inside knowledge of what is going on inside Yelp, but I can say that the technicals are looking very positive for the stock. Today, the weekly Trade Triangle kicked in, indicating that the intermediate trend is now inline with the longer term uptrend.

1. All of the Trade Triangles are positive and displaying a +100 Chart Analysis Score.
2. There is a monthly Trade Triangle in place.
3. Pivot Point - measures the move to $85 a share.
4. Weekly Trade Triangle kicked in today at $76.49.
5. The RSI indicator is trending to the upside and is over 50.
6. The MACD indicator has recently turned up.

Just remember, there are no guarantees in trading, even with all the positive indicators. I'm looking for Yelp, Inc. (NYSE:YELP) to trade back to the $85 level in the near-term. As always, please remember to use money management and stops that work for your own trading strategy.

Good luck and every success trading in Yelp shares,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Steady Profits in Uncertain Times

Steady profits in uncertain times, that's the dream of every investor. The question is, how do you achieve that goal?

Let's face it, there are a lot of distractions in this crazy world that we are living in. Those distractions, whether we like it or not, do play on our emotions and in turn, affect our decisions.

The same is true for making trading decisions. We are distracted many times by external events. These events, for reasons perhaps unknown to ourselves, lead us to make decisions that we ordinarily would not make.

Emotions are the #1 element to control when you are trading and certainly more money has been lost trading on emotion than has been made.

So what's an investor to do? [Read more...]

Time To Buy Tesla

Yesterday, Tesla Motors Inc. (NASDAQ:TSLA) flashed a buy signal at $229.78. This put all three Trade Triangles in a positive trend.

The RSI indicator moved over the 50 level, which is also another strong confirmation. I view that action as the continuation of a strong upward trend for Tesla.

CHART LEGEND
1. Long-term positive trend line
2. All Trade Triangles are positive
3. Weekly buy Trade Triangle yesterday
4. The RSI indicator is now over 50
5. Upside target zone of $300

Technically, I can see Tesla Motors Inc. (NASDAQ:TSLA) moving to the $300 range. Look for near-term resistance around the $240 and $260 levels.

Every Success,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

3 Profitable Forex Strategies For 2014

Today, I would like to share with you 3 easy-to-use, profitable Forex strategies based on the Trade Triangle technology. There is a strategy available for short-term, intermediate-term, and long-term trading styles. All strategies have been time tested and have proven to be winners over time.

If you are a short-term trader, watch this Forex video:

If you are an intermediate-term trader, this is the Forex strategy for you: [Read more...]

If Other Countries Sneeze, Will The U.S. Catch A Cold?

Just as the U.S. economy is strengthening, other countries are threatening to drag it down.

Employers in the U.S. are creating jobs at the fastest pace since the late 1990s and the economy finally looks ready to expand at a healthy rate. But sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, "When the U.S. sneezes, the rest of the world catches a cold," may need to be flipped.

Maybe the rest of the world will sneeze this time, and the U.S. will get sick.

That's the view of David Levy, who oversees the Levy Forecast, a newsletter analyzing the economy that his family started in 1949 and one with an enviable record. Nearly a decade ago, the now 59-year-old economist warned that U.S. housing was a bubble set to burst and that the damage would push the country into a recession so severe the Federal Reserve would have no choice but to slash short-term borrowing rates to their lowest levels ever to stimulate the economy. That's exactly what happened. Now, Levy says the United States is likely to fall into a recession next year triggered by downturns in other countries, the first time in modern history.

"The recession for the rest of the world ... will be worse than the last one," says Levy, whose grandfather called the 1929 stock crash and whose father won praise over decades for anticipating turns in the business cycle, often against conventional wisdom. [Read more...]

Happy Independence Day, America!

INO.com wishes all of our fellow Americans a happy 4th of July.
Our offices are closed today, out of respect and celebration, but we
will be back on schedule Monday the 7th. In the meantime, feel free to
email us at support@ino.com.

Have a great weekend and be safe,
The INO.com Team

4 Tips For Investors To Learn More About Private Equity

By: Tim Melvin

Tickers: AINV, APO, ARO, KKR

Most individual investors pay very little attention to what's going on in the world of private equity.

The shadowy world of private equity and buyout investing is seen as the province of large institutions and well-heeled big money types -- and of little interest to those looking to catch the next 10 point move in Apple.

It's of even less interest of those middle of the road investors who have some stock and mutual funds in their retirement plans and just do not spend a lot of time thinking about the markets. While most will never have big money invested in private equity funds, tracking this industry should be at the top of every investor's regular activities list.

Popularity Is Not Always Key [Read more...]

Optimizing the ABC Charting Formation

As a special treat to Trader’s Blog readers, Ron Ianieri is offering you an in-depth look at how to optimize the ABC charting formation.

The ABC Charting Formation is one of the most basic and frequently occurring charting patterns that exist. Watch how this basic chart can be turned into a big payday with the use of options. Follow along as we use options to safely and easily follow the ABC's charting patterns twists and bends. We start out with the most basic and most easily understood strategy, roll it, morph it and finally close it. Suddenly, this simple charting pattern, traded with the simplest option strategy, becomes a sophisticated looking trading strategy that is incredibly simple to use, fully hedged at all times, and very profitable!

The concept of synthetics has always been fundamentally important to understanding options. Synthetics show us the mathematical relationship that exists between the stock, a call, and its corresponding put. This mathematical relationship not only relates the price of these instruments in relation to each other, but also shows how a call can be changed into a put, or a put can be changed into a call by simply adding the stock into the equation. Understanding synthetics allows investors the ability to morph positions from the wrong position to the right position quickly and efficiently. Understanding synthetics also allow investors to take advantage of the put/call skew we frequently see in the options market today.

Watch it now: Optimizing the ABC Charting Formation

Best,
The INOTV Team

Are You Prepared For Q3?

It's hard to believe, but here we are coming to the end of the trading week and also the end of the second quarter. We only have a few more trading days before Q2 is done and dusted.

Earlier this week I wrote about Tesla Motors (NASDAQ:TSLA) and First Solar (NASDAQ:FSLR).

I still believe that both of these stocks will move higher, as the Trade Triangles are all in place. If you missed these posts, you can read about Tesla here and First Solar here. Both of these stocks are higher for the week while the general stock market is flat. I view this as a psychologically positive sign for these stocks.

Last week I also posted a special report on gold. I still believe gold is going to remain in a positive upward trend until about the middle of August. That is when this market next cycle should top out. As always, money management stops should be in place on all positions. [Read more...]

Poll: Are You Bidding On Bitcoins Today?

A couple of days ago we came across an article on Bloomberg about an upcoming auction (6/27/14 - Today) on a cache of Bitcoins worth about $17 million. The auction is for 29,656 Bitcoins, which are part of more than 144,000 the FBI transferred to U.S. Marshals after shutting down the Silk Road marketplace and arrested its operator last year. This auction offers a rare opportunity to secure a large amount of the virtual currency at one time.

Here's a link to FAQ's about the auction - Bitcoin Auction FAQ's

I thought it would be interesting at ask....

Would you bid in this auction?

View Results

Loading ... Loading ...

As always, we would love to hear what you have to say on the subject of the auction or just Bitcoin (BITCOIN:BITSTAMPUSD) in general.

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

© Copyright INO.com, Inc. All Rights Reserved.