Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 1st of July.
Apple Files For a iWatch Trademark in Japan!
Shares of Apple jumped almost 4% on news that it had filed for a trademark in Japan. This is the best upside performance for Apple in over a week. Apple inturn is helping the NASDAQ gain for the day as well as helping the other indices.
The Strong Trend For Crude Oil Persists
Crude oil moved to its best levels in eight days and it appears poised to challenge the $99 a barrel level. Should this market move over that resistance point I can easily see this market quickly move to the $100 a barrel level.
I Still Like The Euro Over The U.S. Dollar.
Our monthly and weekly Trade Triangles are green indicating that higher prices for the Euro are just around the corner. Once the daily Trade Triangle goes green the Trade Triangles will be in a bullish position with a score of +100. The key level to watch is the 131 level. This level will provide support for new long positions.
If you haven't watched any of my recent videos, you can watch them by clicking on the links below.
Recent Special Videos:
Five Professional Trading Rules
Listen and Learn
Three Easy Ways
Fundamentals VS Technicals
Early Warning System
S & P 500 (SP500)
Have a great trading day,
Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.