Author: The INO.com Team

Netflix - Trust The Force

Posted on by The INO.com Team

Hello traders and MarketClub members everywhere! Today, gold (FOREX:XAUUSDO) gave a buy signal at $1207.59, basis the spot market. You could now be long the gold market if you are a short-term trader.

Many of you may remember that Q1 was a difficult quarter for the Internet portfolio, due mainly to a loss in Netflix Inc. (NASDAQ:NFLX). Well, I'm happy to report that the Trade Triangle approach has come through once again and made back all of the previous quarter's losses in Netflix.

For those of you old enough to remember the iconic "Star Wars" series, where the old Jedi Master, Obi-Wan Kenobi, calmly instructs Luke to "trust the force." Only in our case, we trust the Trade Triangle technology. Eventually, they get it right and they will reward you. Netflix is a great example of that today. Continue reading "Netflix - Trust The Force" →

Buyers or Sellers

Posted on by The INO.com Team

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple and straight-to-the-point.

If you like this article, Larry’s also agreed to give you free access to his award winning book.

A question I often receive is, "How can there be more buyers or sellers at one price? Isn't there a buyer for every seller and a seller for every buyer?"

The answer is yes, but people are forgetting one important thing. There is a bid and an ask (or offer), and only one of them can be traded at a time.

A bid is an expression of willingness to buy at a price; an ask (or offer) is an expression to sell.

If the ES is trading at 1200.50, the bid is either 1200.25 or 1200.50. The answer depends on which way the market has just traded. Let's make it easy and simply say the ES is between 1200.25 & 1200.50, making the bid 1200.25. In order for the market to move from 1200.25 to 1200.50, someone must pay up to get filled.

You may not be in a hurry and attempt to wait to buy 1200.25, but that will usually only happen when the bid/ask drops to 1200.00 & 1200.25 and you are actually filled on the ask. Continue reading "Buyers or Sellers" →

Here's A Stock That Technically Taxes The Mind And Looks Great

Posted on by The INO.com Team

I found this stock using the Smart Scan technology and wanted to share it with you today. The stock is Apache Corp. (NYSE:APA).

I'm looking at this market on a technical basis as all of Trade Triangles are now positive and showing an upward trend.

As you can see on the chart, I have labeled numbers 1 through 7 so you can better understand exactly what you're looking at.

Continue reading "Here's A Stock That Technically Taxes The Mind And Looks Great" →

Okay, I Was Wrong About Apple

Posted on by The INO.com Team

I've always believed that when you're wrong, you should admit it and then move on. I have to admit that I was wrong about the new Apple watch and here's the reason why.

When Apple Inc. (NASDAQ:AAPL) originally announced several months ago it was going to introduce a smart watch, I was pretty excited. It was then that I said to myself "there's so many smart watches on the market, what's going to differentiate their smart watch from a slew of other smart watches?"

In fact, when Tim Cook, the head of Apple, introduced the smart watch several months ago, I found little to get excited about. Up until that time I had been wearing another smart watch from a small startup company named Pebble, that was funded by Kickstarter, the popular crowdfunding website.

At first glance my Pebble watch did everything the Apple watch could do and was less expensive so why should I get an Apple?

So why was I wrong? Continue reading "Okay, I Was Wrong About Apple" →