Hello MarketClub members everywhere. Stocks are fluctuating near all-time highs as investors weigh the prospects for further gains after mixed corporate earnings from companies including Netflix Inc. (NASDAQ:NFLX), Johnson & Johnson (NYSE:JNJ) and The Goldman Sachs Group Inc.(NYSE:GS).
Key levels to watch this week: Continue reading "Stocks Take A Breather"
Hello MarketClub members everywhere. In today's video update, I'm going to look at some of the big trends I see in the markets and analyze the power and depth of each them.
Let's begin with the major indices - it seems like eons ago that the world was going to h*ll and a hand basket with Great Britain's vote to exit the EU or as it was popularly known a Brexit. In a little over three weeks all the major indices have recovered and are trending higher. It just proves once again that the market eventually gets it right. Continue reading "Today's Big Trends and Opportunities"
Hello MarketClub members everywhere. Okay, so what's with Cuda, Woulda, Shoulda?
Well, the first one, Cuda is the symbol for Barracuda Networks Inc. (NYSE:CUDA) which is looking very positive in my eyes. With all Trade Triangles green and trending higher it looks as though this market has every opportunity to move higher.
A little over a year ago Barracuda Networks was trading over $45 a share and currently is trading just below $20. The potential for this stock to move at least into the $30 area is quite high in my opinion as that represents a 50% Fibonacci retracement. Now I'm not advocating jumping and buying the stock today as I would like to see some consolidation. It will be a buy if it pulls back to the $18.60 level which is the monthly Trade Triangle entry signal. Continue reading "Cuda, Woulda, Shoulda"
Hello MarketClub members everywhere. Once again it falls on the shoulders of the Federal Reserve to keep monetary policy loose. With expectations of 4 rate hikes in 2016, we are down to one at this moment in time. I doubt that the Fed has it in them to raise rates again in 2016, which means that 2017 is going to be a reset year for America. Not only are we going to see a new president, but the likely hood is we are going to see a reset of interest rate here in the US.
Last week, the surprise was the non-farm payroll figure showing 287,000 jobs created compared to 175,000 forecast. Look for this number to be revised downward in the future. The non-farm payroll figure was enough to jump start the equity markets pushing the S&P 500 (CME:SP500) to close within a point lower than its best ever close on May 21st, 2015 at 2,130.82. The DOW (INDEX:DJI) followed but was unable to overcome its highs at 18,351.36 on May 20th, 2015. Both of these indices are now in a positive mode according to the Trade Triangles. The only laggard in the group is the NASDAQ (NASDAQ:COMP) index which has moved into a neutral mode requiring a sideline position. Continue reading "Can Cheap Money Continue To Drive The Market?"
Hello MarketClub members everywhere. We have come to the end of the week and it has been a welcome relief to see a little less volatility in the marketplace.
Looking through my Trade Triangles alerts last night, I noticed this one stock that has many of the winning characteristics I like to see in an individual stock. Let's go through them one by one: Continue reading "5 Reasons To Like This Stock"