Hello MarketClub members everywhere, Adam Hewison here coming here from the digital studios of MarketClub. I just got back from a short vacation break in Maui to see Apple once again slumped below $100 a share.
Apple Inc. (NASDAQ:AAPL): One thing you may have missed is the fact that the Trade Triangles triggered a red weekly Trade Triangle on 4/22 at $104.22 signaling a move to the sidelines - that was 4 days ago!
As I have said before, perception is everything in the market; the perception now is that Apple is not the innovator it once was and that the smartphone business has peaked. On the brighter side, Apple still has almost $250 billion in cash, but like I said perception trumps everything.
Amazon.com Inc. (NASDAQ:AMZN): Tomorrow after the close Amazon announces its earnings. The question is going to be, is Amazon still growing? At the moment the Trade Triangles are showing a mixed picture for Amazon, meaning that you should be on the sidelines for this earnings report. I will be looking and analyzing Amazon today.
Gold (FOREX:XAUUSDO): The gold market triggered a green daily Trade Triangle morning at $1,245.97 indicating that it was all systems go for gold. I have been positive on gold for quite some time and expect to see this market move higher in the weeks and months ahead.
Crude Oil (NYMEX:CL.M16.E): The June contract of crude oil triggered a green daily Trade Triangle today at $44.20 and once again it's all systems go for this commodity.
I will be covering all of these markets plus the major indices. I will also be looking to find some of the next big movers either on the upside or downside.
Stay focused and disciplined.
Every success with MarketClub,