Hello MarketClub members everywhere. Next week, Amazon.com (NASDAQ:AMZN), Apple Inc. (NASDAQ:AAPL) And Alphabet Inc. (NASDAQ:GOOG) all report earnings. This could be the catalyst to get the market out of the doldrums and the sideways pattern that I've been talking about for what seems like ever.
Yesterday Microsoft Corporation (NASDAQ:MSFT) announced its earnings a beat 76 cents vs. 68 estimates, that was enough to push the stock up above its 1999 highs of $59.97 in after-her-hour ours trading. It would appear that the turnaround efforts for Microsoft are on track under the guidance of Microsoft's CEO Satya Nadella.
The market has been remarkably quiet with most of the noise coming out of the presidential campaign this week.
Once again, MarketClub's Trade Triangles point the way to successful trading. If you are not tracking the Trade Triangles, you may decide to do so after looking at how they are positioned in many of the markets.
Looking at the major markets here are the minuscule changes so far this week (Thursday Closes).
DOW (INDEX:DJI): + 0.13% - Trade Triangles Mixed - indicating a sideline position.
S&P 500 (CME:SP500): + 0.39% - Trade Triangles Mixed - indicating a sideline position.
NASDAQ (NASDAQ:COMP): + 0.52% - Trade Triangles Mixed - indicating a sideline position.
Crude Oil (NYMEX:CL.Z16.E): - 0.16% All Trade Triangles are Green - indicating a long position.
Gold (NYMEX:GC.Z16.E): +0.70% - Trade Triangles Mixed - indicating a sideline position.
Stay focused and disciplined.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
