Tech Stocks Put The Market Under Pressure

Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Monday, the 7th of April.

Last week we saw the tech stocks shave 4% off the value of the NASDAQ index in just 3 days and we are seeing further follow-through selling today. Technically the markets have been in strong bull trends for the last 5 years. Historically, very few bull markets have exceeded that length of time. This bull market may or may not be the exception.

There have been several Internet stocks that I have been talking about on this blog, mainly Amazon (NASDAQ:AMZN) which I have been bearish on, Twitter (NYSE:TWTR), Yelp (NYSE:YELP), and a host of others and they are all in bearish patterns. Continue reading "Tech Stocks Put The Market Under Pressure"

Why Major Trends Are Important

Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Thursday, the 3rd of April.

Indices

Major Trend : BULLISH
Intermediate Trend : BULLISH

One lesson I learned a long time ago in my trading career was to never fight the trend. Trends tend to persist longer and go further than most expect. Yesterday, the Dow 30 gave a signal that it was once again resuming its upward trend, joining the S&P 500 in a positive trend. The NASDAQ is in a neutral and sideways mode. Watch today’s video to see my upside target levels.

Continue reading "Why Major Trends Are Important"

Citibank Fails The Fed Stress Test - See If You Can Spot Why

Hello investors, traders and MarketClub members everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with a look at Citigroup, Inc. (NYSE:C) on Thursday, the 27th of March.

News came out yesterday that the Fed had "stress tested" 30 banks and that 5 of the 30 had failed to pass. While some of the banks were expected to fail and came as no surprise, what was a surprise to the market was the failure of Citigroup, Inc. (NYSE:C).

In the Trade Triangle column of the image below, do you notice anything different about any one particular bank?

As you can clearly see, Citigroup (NYSE:C) has a red monthly Trade Triangle next to its name. That red monthly Trade Triangle kicked in on January 31st and served as a warning to MarketClub members that all was not well at Citigroup. Continue reading "Citibank Fails The Fed Stress Test - See If You Can Spot Why"

Are The Markets Just Teasing Us?

Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Wednesday, the 26th of March.

It would appear as though most of the major indices have just been spinning their wheels and going nowhere fast in the past 4 to 5 weeks as they have all been in a broad trading range. This type of market action can lull investors to complacency, but for me it has always been a wake-up call to pay close attention to the market as something big is going to happen.

As I see it, the market is doing one of two things, it's either building a base to move higher or it's a distribution top – only time will tell which is the correct answer.

One of our members suggested that the Dow 30 could be making an inverse head and shoulders formation. Certainly this is possible, but I need to see a clear breakout to the upside to confirm this formation.

The other concern I have is the damage done to the NASDAQ earlier this week as it fell to a 6-week low. How this particular index closes on Friday is going to be very important in my mind. Again, I will be watching this market very closely for signs of either a continuation of the bullish trend or a top. Continue reading "Are The Markets Just Teasing Us?"

2 Troubling Trends For Investors

Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Thursday, the 20th of March.

If you have read my posts for any length of time, you will see that I frequently refer to the saying, "the trend is your friend." However in this case, there appear to be two developing trends that will offer some amazing opportunities, but at the same time create some very dangerous times for the planet.

I'm sure like many investors, you are tracking what is going on in the Ukraine and Crimea. I do not view this as a positive, in fact, I think this is a once-in-every-two-generations kind of event and a very negative trend not just for the US and Europe, but for the global community in general. Continue reading "2 Troubling Trends For Investors"