S&P 500
1969.95
-8.96 -0.45%
Dow Indu
16912.11
-70.48 -0.42%
Nasdaq
4444.48
-0.43 -0.01%
Crude Oil
101.05
+0.08 +0.08%
Gold
1299.365
+0.160 +0.01%
Euro
1.34100
-0.00040 -0.03%
US Dollar
81.214
+0.004 +0.01%
Weak

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...]

How To Avoid Dead Fish In Q3

One of the most important tools that a trader possesses is his or her mind. Attitude can either make or break you as a trader.

To become a successful trader, it begins with believing in yourself and having a winning attitude. Everyone wants to be a winner, at least they think so. Unfortunately, most are not willing to perform the tasks necessary to become a consistent winner.

Winners generally achieve success by being focused on a goal. Being focused allows winners to remain committed to the tasks at hand. Most winners perform a lot of hard work, including a willingness to deal with sometimes mundane duties. Most of all, winners perform with an "I am responsible for both my failures and successes" attitude.

So, where does the would-be trader start to become a success? [Read more...]

Is This Stock Ready To Pop?

I was looking over the charts this past weekend and noticed one stock that I wanted to bring to your attention. There are two reasons why I think this stock is worth a look.

1. There was a new monthly Trade Triangle signal on June 27th at $48.04.

2. I like the formation. This chart has a "W" formation, which normally occurs at the bottom of a move and signals a reversal. In this case, it would look as though once we close over $48 a share, we could see a quick pop up to $50.

The stock I am referring to is Coca-Cola Enterprises Inc. (NYSE:CCE), traded on the New York stock exchange. This is a large company and has been around for a long time. While not usually considered a hot stock, the formation is undeniable. As with any position, you should always be using money management stops.

Another part of this formation I like is the classic Fibonacci retracement of 60%, that was again tested on June 13th and it held. [Read more...]

Another Way to Play the Upcoming Energy Crisis

Yesterday I talked about Tesla (NASDAQ:TSLA) and how this company could skyrocket based on the potential high prices at the pump and the potential lack of availability of petroleum products.

Today I am going to be taking a similar view, but with a different company, First Solar Inc. (NASDAQ:FSLR). When this company first came on the scene, it moved dramatically higher and in a matter of months was trading well over $300 a share, back in 2008. Since that time, the stock has generally drifted lower for the last several years until hitting a low in June of 2012. After trading below $12, the market has made a steady recovery to where we are today, around $70 a share. I certainly hope no one out there has been holding onto any shares since $300.

I am bullish on FSLR based on a number of factors. The Trade Triangles are all positive, we are in a strong uptrend, and this market could complete a classic Fibonacci retracement that would take it back over the $100 a share level. This stock has also shown a remarkable cyclic tendency and we are presently in a cyclic up-cycle right now.

As I stated in my piece on Tesla, the energy problem is going to remain and probably will deteriorate as the Middle East could go down in flames.

1. Cyclic high periods
2. Cyclic low periods
3. Fibonacci target zone between $94 and $113
[Read more...]

Is Tesla Ready To Skyrocket?

I am sure, like a lot of traders, you are paying close attention to what is going on in Iraq, Syria and Iran. My take on the situation is that it's not going to get better and the US is certainly not going to get involved in any meaningful way. This spells out doom for Baghdad, along with a bloody civil war which may have already started.

Against that backdrop, energy prices will continue to move higher and the possibility exists that the oil fields and processing plants in Iraq could be blown up just to put that country back in the Stone Age. We are dealing with a bloody sectarian war that is and will continue to tear that country apart. It also brings to mind what is going to happen to the rest of the Middle East? This whole Middle East problem has been going on for longer than anyone cares to remember and it's only going to be settled with a "bigger stick." At the moment, ISIS has the "bigger stick," the money, and the ferocious obsession of bringing their way of life to the area and surrounding areas. All in all it does not sound like too rosy a picture to me.

That got me thinking about who or what is going to benefit from much higher energy prices. One company stands out in my mind is Tesla Motors Inc. (NASDAQ:TSLA) You're probably familiar with their expensive sports car that sells for upwards of $100,000, but they're working hard on producing a lower-priced model, one for the masses. They are also planning the largest battery manufacturing plant in the world.

All of this is driven by one man, Elon Musk, who is the driving force and mastermind behind Tesla's domination of the electric market and SpaceX. [Read more...]

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