S&P 500
1988.40
-3.97 -0.20%
Dow Indu
17001.22
-38.27 -0.23%
Nasdaq
4538.63
+6.53 +0.14%
Crude Oil
93.65
-0.54 -0.58%
Gold
1281.100
+3.110 +0.24%
Euro
1.32415
-0.00365 -0.28%
US Dollar
82.313
+0.154 +0.20%
Weak

It's Time To Get Your Yahoo On

It has been some time since I did a review of Yahoo! Inc. (NASDAQ:YHOO). I'm doing one today because a new monthly Trade Triangle kicked in at $37.16 and could be indicating the end of the 4 1/2 month stalemate in this stock.

Now, I'm not saying that this stock is going to skyrocket to the moon, but I do believe that the bulls have the upper hand and this stock will move higher in the weeks ahead.

It seems like Yahoo! Inc. (NASDAQ:YHOO) has been around forever, but it was first founded by Jerry Yang and David Filo in 1994. There have been quite a few changes to the company since that time. Marissa Mayer, previously from Google, was named president and CEO of Yahoo effective on July 17, 2012.

Yahoo! Inc. (NASDAQ:YHOO) operates as a technology company worldwide. The company offers search products, including Yahoo Search, that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktop. [Read more...]

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

Is The Gold Rush On?

Today, I'm going to be focusing on gold (FOREX:XAUUSDO). It would appear as though this market had a number of cycles that are coming due and some that have just passed. It also looks as though all of the problems in the world haven't had any real powerful effect on gold. Normally in times of uncertainty, gold has been the go-to asset for most investors, but for some reason, not this time.

With today's strong upward market action, there have been a couple of technical indicators click over to the upside, these indicators are the forerunners of a larger, more extended move to the middle of September. By mid-September, gold could be trading at the $1,420-$1,430 level, if all of the technical indicators line up.

For many traders, gold has been somewhat of a disappointment in 2014, even though it is plus some $70 for the year. Many gold bugs were expecting much higher levels by this time, given all of the uncertainties with the banks and conflicts around the world.

The next 4 to 6 weeks could be very exciting in this precious metal and I expect this excitement to come in the form of a move to the upside. In this detailed video, I will show you exactly where the cycles are, plus the technical indicators that I'm watching closely for further confirming evidence that a bull move is underway.

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

Is Netflix Inc. (NASDAQ:NFLX) Streaming To Go Higher?

Today, I'll be taking a in-depth look at the stock of Netflix Inc. (NASDAQ:NFLX). The stock enjoyed a very nice move from May through July, but has since stalled out. After making a high in July, the stock has pulled back from the $472 level to where it is currently trading around the $427 level.

Netflix was founded by Reed Hastings, who had the brilliant idea of sending DVDs through the mail directly to your home. This was a disruptive idea at the time, which put many mom-and-pop video rental stores out of business. Now Netflix is expanding and streaming videos directly to your computer, bypassing the post office, which is even a better idea, in my opinion.

Netflix has to be the undisputed leader in entertainment/streaming video field, but now has lots of competition in the form of Hulu, Amazon, Apple and many others. My thoughts are that Netflix will continue to be the major player and continue to own the major portion of the video streaming business. [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

The Truth About Amazon

When was the last time you bought something on Amazon.com (NASDAQ:AMZN)? For me, I purchased a pair of cycling gloves last week. It seems that when Amazon reported a wider than expected loss, investors were surprised and shocked. What were they expecting?

The reality is that Amazon is a juggernaut in online commerce and is seeking world domination in selling you stuff. The strategy that Jeff Bezos is using for Amazon is not new, Sam Walton in the 60s did the exact same thing with Wal-Mart Stores, Inc. (NYSE:WMT). Sam's idea was pretty simple, start with low prices so it puts your competitors out of business, then you can raise your prices afterwards. Amazon is doing the same thing, but online.

Just like Walmart, Amazon made it easy to buy something and return it if you don't like it, all with no hassles. Amazon is building something that is incredibly valuable - millions of consumers who want to buy products through them alone.

Just imagine, all Amazon has to do is raise prices just a little bit and they will be very profitable. Will consumers run the other way when this happens? No, as consumers we are so trained to buying at Amazon that a small price increase is not necessarily going to have buyers running.

Let's face it, we are all creatures of habit and I've gotten into the habit, like millions of other consumers, of just going to Amazon looking for an item and buying from them. Sure, if I searched around the web and spent a lot of time, I may save a dollar or two, but I would also be potentially doing business with companies I don't know. How reputable are they? Do I feel comfortable giving them my credit information and other private information? [Read more...]

Five Internet Stocks To Buy And One To Avoid

Hello traders everywhere, today will be looking at Internet stocks and what's hot and what's not. The six stocks we will be looking at today are Apple Inc. (NASDAQ:AAPL), Amazon.com Inc. (NASDAQ:AMZN), Netflix Inc. (NASDAQ:NFLX), Facebook Inc. (NASDAQ:FB), Yelp Inc. (NYSE:YELP) and finally Yahoo! Inc. (NASDAQ:YHOO).

There is no question about it we live in the Internet age or as Intel likes to say "The Internet of everything."

When trading Internet stocks momentum seems to be the rule of the day, and when an internet stock is in favor and going up you want to be long and when they're going down you want to be out. Sounds pretty straightforward doesn't it? But sometimes investors drink the Kool-Aid and stay with bad trades too long or in this case Internet stocks that go south and never return. In today's video will show you how to avoid that syndrome.

As you can see from the symbol choices, these are all well-established, liquid companies in terms of trading, you are not buying speculating in some start-up that makes no money.

So let's get started and go to the videotape and see what's cooking with these six stocks.

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

Good Way To End The Trading Week

We're coming to the end of a rather dismal trading week as far as many traders are concerned, so let’s take a look at a positive way to end the week.

As this is Friday, I want to look for markets that are making new 52-week highs, particularly when they're going against the general grain of the market.

Within MarketClub, under the SmartScan tab, I'm going to use the link for 52-week highs. I'm also going to be filtering the results by "Equities," "last price less than $50" and "volume greater than 2 million shares traded a day." I'm also only going to search on US exchanges.

With the filtering completed, I came up with a list of about 16 stocks that meet my criteria. From your own scan of the stocks that meet your criteria, you could choose what you would like to trade, or you could trade all of them. Your next step is to scan 15 minutes before the close looking for stocks that are trading close to their highs for the day. You only want to trade those stocks that are closing strong for the day and the week.

If a stock is making new highs on Friday, it potentially means that something is going on behind the scenes that the general public is not aware of. It could be merger talks, a new product announcement or simply news that comes up that's viewed as positive for that particular stock or sector. Once you pick out the stock and buy it, you want to take profits on the opening on Tuesday. You're looking for the market to continue its strong upward momentum on Monday and early on Tuesday when the stock opens. [Read more...]

Are You Buying This Pullback In Stocks?

After hitting the magical 17,000 level just around the time America was celebrating our country's 238th birthday, stocks and indexes have seen a pullback on quiet volume. The question is, are you seeing this as a buying opportunity?

In today's video, I will be looking at the major markets, a couple of stocks, and gold (FOREX:XAUUSDO), which I still believe is going to move higher. I will also be examining what's going on in crude oil and the Dollar.

If you missed my post yesterday on our two winning portfolios, you may want to check it out.

As always, we welcome your feedback on this video or any markets that you are following.

Have a great trading day everyone,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Time To Buy Gold

Yesterday, the spot gold market flashed a major trend change to the upside. Major trend changes do not occur that often and when they do I like to pay close attention to them. The signal came in at $1,331.45, and even though gold is now lower than that point, it is still a valid signal.

With all the Trade Triangles now positive and the fact that we are seeing a pullback today in gold (FOREX:XAUUSDO), this may be an ideal time to get long gold in the ETF SPDR Gold Shares (PACF:GLD), a leveraged ETF, or in futures.

The current pullback on the intraday 15-minute chart puts this market back into a Fibonacci support area which should offer good support. With the long Fourth of July weekend, I do not expect anybody will want to be short this market going in to the weekend. I expect to see some recovery later today from the lows seen this morning.

There are no guarantees in trading, but with all of the Trade Triangles positive on gold, I feel this is a fairly low risk trade on the upside. As always, you should protect your position with money management stops. If you'd like to learn more about money management stops, you can read about them here.

Chart Legend: [Read more...]

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