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Sector Analysis Can Help Your Trading

Today, I'm going to be looking at nine individual sectors and analyzing each one. I am going show you a quick and easy way to tell which sectors are trending and which ones are stuck in a trading range.

I will also be looking at the top three stocks in each of those sectors that are trending to the upside.

The sectors I will be analyzing are as follows: [Read more...]

Apple is teed up for next week

Yesterday, I went to the Apple(NASDAQ:AAPL) store to ask them about the new iPhone 5S and to see if they had any in stock. I was told that they no longer sold the iPhone in the store and that I had to order one online. I was somewhat taken aback by this, but then it all sort of made sense to me when I thought about it.

I think the demand for the iPhone 5S, the gold edition in particular, has been off the charts and I think we're going to see a tremendous number of iPhone sales in the fourth quarter. Having checked out the Apple store, I decided to go to Best Buy to see what they had in the iPhone 5S market. It was pretty much the same story, you have to order online and you can pick it up at the store. This makes a lot of sense because Apple can then deliver what people want based on their online orders. This allows Apple to ramp up its production to meet demand.

Technical Analysis of Apple , using Trade Triangles, Fibonacci and classic technical analysis.

1) Double Bottom
2) Pivot Point
3) Target Zone from Pivot Point
4-5) Measurement for Fibonacci Retracement
6) 50% Fibonacci Retracement
7) Line In The Sand - $497
8) Trade Triangles

The market action recently for Apple (NASDAQ:AAPL) has been choppy, which I believe is a good thing, as Apple sets itself up to move higher. I have been looking for Apple to move to the $550-$560 area or higher. That target zone is still in effect. The battle lines are drawn and I know that if the market does not rally strongly today, the new trigger point for Apple next week is going to be the $497 level. Once over that level, this market could take off and move very quickly to higher levels.

Leave a comment • Get Involved • Ask a question • Your Opinion Counts

Doubtless, you may have heard some of the problems that have been circulating in the press about the new iPad retina displays, and that they're going to be delayed coming to market. This is likely just a technical glitch that could have been caused by one supplier. I think that demand for the smaller 7in retina iPad is going to be very big both here and overseas.

Lastly, like thousands of loyal Apple fans, I still don't have an iPhone 5S Gold, but I want one. I guess I'm going to have to break down and order online and wait for it to be delivered to the local Apple store. One thing I am really enjoying a great deal is the new iOS7 operating system. Apple has done a masterful job of changing its old and aging operating system into one that really is cutting-edge. The fact that it can run on the new 64-bit A7 chip and the old 32-bit chip is a testimonial to Apple's technical expertise.

As you can see on the chart, I have drawn a line in the sand for Apple and when this line is crossed it will turn our intermediate weekly Trade Triangle green, indicating a resumption of Apple's strong and longer-term uptrend.

If you have any comments or thoughts on Apple, I would love to hear from you!

Have a great weekend everyone and let's watch Apple closely next week, it could be a good one.

All the best,

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

3 Big Surprises I Experienced At My Local Apple Store This Weekend

Before I share with you my 3 surprises, Apple (NASDAQ:AAPL) is set to announce on today how many iPhones it sold over this past weekend.

apple logoI think they sold a lot of their new iPhones, maybe more than 5 million (announced today - 9 million sold) . That's the number Apple sold at their last iPhone roll-out weekend. I think Apple is going to sell a lot more, maybe 10 or 20 percent more.

Here's the reason why I say that.

I'm was just wrapping up some time at my summer home, here in Maine, and I decided on the spur of the moment to check out the local AT&T store and find out more about the new iPhone 5S, which I wanted to see first hand. [Read more...]

Is Apple A Buy At These Levels?

appleThe price action last week and today in the stock of Apple was reflecting the perception that Apple's new offerings were not up to par and offered no major breakout technology. The press and the general markets were generally negative on Apple's latest offerings. The new iPhone 5S and 5C have been largely pooh-poohed in the media.

I think the market has overreacted in the sense that no company, not even Apple, can keep coming out with groundbreaking technology with every press event they host. I believe the market has overlooked the fact that these are very strong offerings and that Apple has a loyalty base like no other company on the planet, myself included.

The security fingerprint technology that Apple introduced is quite remarkable, and lends itself to so many other applications. Security is going to become more and more important to even the average smartphone or tablet user in the future. Apple's introduction of this technology is going to be very important in the corporate and enterprise world and may send a crippling blow to Blackberry. Fingerprint security could be used in so many yet-to-be-discovered applications for financial transactions and online commerce. It has an enormous future, but the market just hasn't recognized it yet.

As a reader of this blog, you know I look at the market on a technical basis and one of my technical indicators is telling me that Apple may be close to a turning point. The Williams%R indicator, shown in the form of yellow lines on today's chart, indicates the cyclical pattern of Apple and shows that this market is very oversold. Apple has also pulled back to an area of previous long-term resistance. This resistance area should now act as support.

The stock of Apple has also pulled back to our major trend indicator, which remains bullish. This is not so unusual to have a retest of the long-term Trade Triangle signal, in Apple's case at $465.75. The current pullback in Apple is approximately a 50% retracement and is a Fibonacci support area.

This week I expect Apple to begin to find support around current levels, give or take $5 to $10. I believe that Apple is close to an important cyclic low period and the roll out on Wednesday of Apple's IOS7 system could be the catalyst to once again turn Apple to the upside.

What do you think?

Feel free to leave a comment.

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

Video Blueprint for Success: Apple

On the 16th of July we put together an indepth analysis of Apple (NASDAQ:APPL) and how we expected Apple to behave for the balance of the year.  We are happy to report that this scenario is now unfolding and playing out perfectly.

Loading the player...

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

Today's Video Update: All The Trade Triangles Turn Green For Apple

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 5th of August.

All The Trade Triangles Turn Green For Apple
This morning, Apple (NASDAQ:AAPL) moved to a five month high and completed a major base. Apple has, without too much fanfare, rallied from a recent low around $390 and triggered a major monthly Trade Triangle this morning with its move over $466. I can see a move for Apple to the $550 to $575 area.

Lots Of Green Trade Triangles [Read more...]

Today's Video Update: Apple Rocks With After-Hours Action

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 24th of July.

Yesterday, Apple (NASDAQ:AAPL) surprised analysts with better-than-expected iPhone sales, and indicated that it expects a "busy fall" with new products.

Apple CEO, Tim Cook, said in a statement, "We are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014."

In after-hours trading, the market voted with a dramatic 5% rally in Apple (NASDAQ:AAPL). If you haven't already watched my special report first published on 07/13/13 on Apple, watch it here.

Has Gold Run Out Of Gas?
I will be taking a closer look at Gold (FOREX:XAUUSDO) to see whether the Gold market has run into an important resistance level of $1,340. This could be where gold turns back down and we could see a correction back down to the $1,300 level. I will have in-depth coverage of gold in today's video report. [Read more...]

My Early Morning Appearance On CNBC Asia

I had the pleasure last night or I should say early this morning to be interviewed by the lovely Chloe Cho of CNBC ASIA in Singapore about my outlook on the markets.

I thought you might enjoy this clip watching this lively exchange on Chloe's "Capital Connection" show. The delightful Carolin Roth who also anchors the show out of London asked me a very interesting question, about a well known stock. My answer may surprise you just as it surprised Chloe and Carolin.

Here is the link it will take you to the clip I am talking about. You may have to view a brief commercial coming from CNBC (not us) before the clip plays.

Chloe Cho100014162-100014162-CNBCTV-BD-Capital-Connection.160x105Carolin Roth

You can also click on the images above they both take you to the same clip.

All the best,

Don't miss this video on Apple before earnings!

[Read more...]

Today's Video Update: Apple Is Officially Moving Sideways

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 15th of July.

Every July, it gets very hot and humid here in Maryland and the markets seem to be following suit. The energy markets and the equity markets are hot right now and all in strong upward trends.

One thing to note today is that Apple (NASDAQ:AAPL) is now officially moving sideways according to the new weekly Trade Triangle. This is in contrast to the strong downward trend we have seen in this stock from the $700 level. What does this mean? Well, it could mean that we are in the early stages of a double bottom base being put in place in this once-high-flying stock that institutional investors love. If that is true and we see a new piece of technology coming out of Apple (like a smart watch?), Apple could easily rally back to the $550 level. The key level to watch here is the $466 level. If that level is taken out, then it could be off to the races for Apple.

Don't Miss My Appearance On CNBC Closing Bell Today
Yours truly will be appearing on CNBC's "Closing Bell" with Maria Bartiromo today at 4:50 Eastern time. I hope you have a chance to tune in and see my latest thoughts on what's going on for tomorrow's markets.

Watch Today's Video Update Here [Read more...]

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