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It Looks Like Indiana Changed The World Last Night

Hello MarketClub members everywhere. Like many people around the world, I was watching the events unfold last night in Indiana.

The two big surprises to me were the fact that Ted Cruz suspended his campaign and that Bernie Sanders won the Democratic primary. So what does all of this mean and how likely will it affect the markets?

MarketClub's Mid-day Market Report

For some time now the market has been moving sideways and looks as though it's reflecting the lower growth rates that we are seeing. Occasionally you'll see it pop, but then the market just seems to fall back under its own weight. The stock market is a forward-looking vehicle which looks ahead 6 to 9 months into the future. I think it's predicting that the battle between the representatives of both the Democrat and Republican parties will get nasty. All of which will translate into negative news for the stock market in the interim.

Having said all that, I'm going to do what I always do and that is separate fiction from fact with the use of the Trade Triangles. What I mean by that is if everyone says a stock should go up, but the stock is going down, then you have to understand that the trend is down and not what everyone wishes it should be. [Read more...]

Did Warren Buffett Just Shoot Down Negative Interest Rates?

Hello MarketClub Members everywhere, Adam Hewison here, wishing you a happy and prosperous May. I believe this month is going to be a very pivotal one for the stock market.

In the back of many traders' minds is the old market adage, "sell in May and go away". Is that what is going to happen this May? It is perhaps a little too early to tell as there are many, many factors in play the least of which is, of course, the presidential election which has electrified and gripped the country in a way that I have never seen before. Like always, I'm going to rely on the Trade Triangles to tell me what is going on in the marketplace.

MarketClub's Mid-day Market Report

This morning, Warren Buffett indicated that he would take his money out of the banks if he had to pay them to keep his money. What he was referring to was negative interest rates. Berkshire Hathaway, which is the operation that Warren Buffett runs, is a conglomerate of companies and has about $60 billion in cash that it keeps in the bank. With the current low-interest rates, Berkshire Hathaway is earning about $600 million a year as opposed to the several billion of dollars it would earn in a more normal interest rate environment.

So in essence when one of the top investors in the world indicates that he would pull his money out of banks, he was saying to Janet Yellen, the head of the Fed, to back off the idea of negative interest rates. Way to go Warren - I think you win this one. [Read more...]

How The Mighty Have Fallen

Hello MarketClub members everywhere! You have heard me say this many times before, perception is an extremely powerful force in the markets. We see just how powerful this force is with the recent move down of Apple Inc. (NASDAQ:AAPL). Once the darling of the tech world, Apple's time may be over as Alphabet Inc. (NASDAQ:GOOG), Facebook Inc. (NASDAQ:FB) and the mighty Amazon.com Inc. (NASDAQ:AMZN) take over the leadership mantle.

MarketClub's Mid-day Market Report

It's Friday, the end of the week and the end of the trading month. Let's start by looking at how the major markets closed last month and last week. [Read more...]

One Thing You May Have Missed About Apple

Hello MarketClub members everywhere, Adam Hewison here coming here from the digital studios of MarketClub. I just got back from a short vacation break in Maui to see Apple once again slumped below $100 a share.

MarketClub's Mid-day Market Report

Apple Inc. (NASDAQ:AAPL): One thing you may have missed is the fact that the Trade Triangles triggered a red weekly Trade Triangle on 4/22 at $104.22 signaling a move to the sidelines - that was 4 days ago!

As I have said before, perception is everything in the market; the perception now is that Apple is not the innovator it once was and that the smartphone business has peaked. On the brighter side, Apple still has almost $250 billion in cash, but like I said perception trumps everything. [Read more...]

Waiting On The Fed, GDP Results And Apple Earnings

The markets will be watching the Fed closely, looking for the central bank's latest decision on interest rates (although no one expects a change), there's also new GDP estimates for the markets to chew on.

Meanwhile, there are corporate earnings to think over, with Apple headlining a week of major earnings announcements. And, the presidential candidates continue to battle for votes and delegates with 5 states up for grabs on Tuesday. With all of that mind, let's take a look at the markets.

MarketClub's Mid-day Market Report

Key levels to watch this week:
S&P 500 (CME:SP500): 2,033.80
Dow (INDEX:DJI): 17,484.23
Gold (FOREX:XAUUSDO): 1,214.70
Crude Oil (NYMEX:CL.M16.E): 36.57

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

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