Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 12th of March.
EVEN THE MARKET NEEDS TO TAKE A REST AFTER SEVEN DAYS OF GAINS
Not only in the Bible is the number seven significant, but the number seven also plays an important role in the market as an important Fibonacci number in the Fibonacci sequence.
We expect we will see a mixed, resting market. We are not looking for a big down or big up day, but rather a mixed day as the markets rest and consolidate their recent gains. However unlike the general indices, some stocks will do well and others will fall.
Yesterday I was invited to appear on BNN, Canada's Business News Network. In light of what is taking place today in the market, you might find what I said yesterday evening very interesting.
We are going to be looking at 2 stocks that jumped on the bull band wagon this morning, they are:
AMERICAN CAPITAL AGENCY (AGNC)
YUM BRANDS (YUM)
IT'S GETTING CLOSER - CHAOS AHEAD
March 27th - Budget Resolution Expires
May 19th - Debt Ceiling Suspension Expires
Have a great trading day,
3 thoughts on “Today's Video Newsletter: On the seventh day, He rested”
On the 8th day he was very busy with selling potatoes to housewifes.
I am real excited with the performance of Linc Energy " LNCGY " since I bought it two weeks ago. It has gone from 26 to 30 dollars a share and is the oil company that has recently discovered 20 trillions dollars worth of shale oil in the desert of Australia. This is more oil than was in Saudi Arabia in the begining or anywhere else for that matter.
your anouncement should read : HE rested as you refered to GOD
I do agree with you that many biblical numbers plays a role in the markets
thanks for your daily comments on the markets
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