Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 1st of March.
In addition to the markets we normally report on, we will also be looking at the following markets using our Trade Triangle technology.
STOCK TO WATCH TODAY-DISH NETWORK (DISH)
Dish and broadcasters like CBS have been battling in court for months now, and it is all over the legality of the Hopper, a digital video recorder that allows users to automatically skip all prime-time network ads on television shows. OUCH!!!
The latest version of the Hopper lets customers watch recorded shows away from home wirelessly. That technology comes from a company called Sling. In today's video we will be looking at DISH NETWORK (DISH) to see just how we would approach this market with our Trade Triangle technology.
THE ECONOMY IN INDIA THROWS UP A RED FLAG
The ETF (EPI), which tracks India, threw up a red flag today indicating that the economy in India appears to be getting soft, pointing to possible further weakness. India was once one of the bright spots as an emerging economy and now it has turned south. This particular ETF is one of five that we track with our our Global Strategy Portfolio. Is the weakness in India going to rub off on the surrounding countries in Asia? In today's video will be taking a hard look at WISDOMTREE INDIA EARNINGS (EPI) utilizing our Trade Triangle technology.
TIME TO BUY GOLD?
Gold has been down for five months in a row, its longest tumble in terms of months since 1997. It would appear as though the $1,550 level may be a natural stopping point for this market, as it is heavily oversold. That said, our Trade Triangles remain negative on this once precious metal. It is too early at this time to say it's time to buy gold, but psychologically you should be preparing yourself to move into this market some time in the not too distant future.
ITALY ON THE EDGE
In January, unemployment in the Euro zone climbed to its highest rate on record according to official data released on Friday. The heavy toll the currency bloc's fiscal crisis and recession are exacting is becoming a major problem on a populace weary of austerity.
Italy is ranked third in the world after the US and Japan as the most indebted nation. If Italy does not embrace fiscal austerity, then we could see this nuclear financial bomb blow up and overshadow everything else that's going on in the world. The cost to Italy and the world this time may be more than the world can afford. Pay close attention today to the ETF (EWI) to track what is going on in Italy.
On Thursday I traveled to New York to appear on “Street Fighters,” with Citigroup’s Tobias Levkovich and discuss the outlook for U.S. stocks. We were speaking on Bloomberg Television’s “Street Smart," hosted by Adam Johnson and Trish Regan.
MORE CHAOS AHEAD
March 27th - Budget Resolution Expires
May 19th - Debt Ceiling Suspension Expires
… and with that news, have a great trading weekend.
2 thoughts on “Today's Video Newsletter: SEQUESTRATION - Much ado about nothing and 3 stocks to exit right now!!”
Which one is a better con man?
how the trend of gold
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