Author: The INO.com Team

Is Netflix Inc. (NASDAQ:NFLX) Streaming To Go Higher?

Posted on by The INO.com Team

Today, I'll be taking a in-depth look at the stock of Netflix Inc. (NASDAQ:NFLX). The stock enjoyed a very nice move from May through July, but has since stalled out. After making a high in July, the stock has pulled back from the $472 level to where it is currently trading around the $427 level.

Netflix was founded by Reed Hastings, who had the brilliant idea of sending DVDs through the mail directly to your home. This was a disruptive idea at the time, which put many mom-and-pop video rental stores out of business. Now Netflix is expanding and streaming videos directly to your computer, bypassing the post office, which is even a better idea, in my opinion.

Netflix has to be the undisputed leader in entertainment/streaming video field, but now has lots of competition in the form of Hulu, Amazon, Apple and many others. My thoughts are that Netflix will continue to be the major player and continue to own the major portion of the video streaming business. Continue reading "Is Netflix Inc. (NASDAQ:NFLX) Streaming To Go Higher?" →

Keep Your Eye On First Solar, Inc. (NASDAQ:FSLR) Today

Posted on by The INO.com Team

One interesting stock to keep your eye on today is First Solar, Inc. (NASDAQ:FSLR), which broke over a long-term downtrend line in October 2013 and has been moving sideways, but slowly inching upwards nonetheless.

Today's market action in this stock is going to be important because if it closes towards the highs of the day, somewhere around $64.00 as of this writing, a Japanese candlestick "morning star" formation will be created. This can be a strong indication of a reversal to the upside.

This stock has also made a double bottom at $60.75 and again at $62.58. On both the monthly and weekly charts, the RSI level remains above 50, indicating that the longer term uptrend is still intact. This coincides with the monthly Trade Triangle, which remains green and positive. Continue reading "Keep Your Eye On First Solar, Inc. (NASDAQ:FSLR) Today" →

The Stock Market with Elliott Wave Labels from 1693 to Present Day Reveals a Bear Market Formation Since 2000

Posted on by The INO.com Team

By: Elliott Wave International

The following article was adapted from Robert Prechter's June 2014 issue of The Elliott Wave Theorist, one of the longest-running investment letters in the business, continuously published monthly since 1979.

Figure 1 shows the stock market's waves from 1693 to the present. The circled Roman numerals denote waves of Grand Supercycle degree, the largest complete waves for which stock market data exist.

Wave I (circled) ended in 1720 at the peak of the South Sea Bubble in England. Wave II (circled) took the form of a zigzag, labeled (a)-(b)-(c); it ended in 1784. Third waves are usually extended, meaning they are longer than wave one and have clear subdivisions. This is exactly how wave III (circled) developed. It ended in 2000.

Wave III (circled) subdivides into five waves. Wave (I) ended in 1835, wave (II) in 1859, wave (III) in 1929, wave (IV) in 1932 and wave (V) in 2000.

Wave (V) subdivides into five waves, as illustrated in Figure 2. Wave I ended in 1937, wave II in 1942, wave III in 1966, wave IV in 1974 or 1982, and wave V in 2000. Continue reading "The Stock Market with Elliott Wave Labels from 1693 to Present Day Reveals a Bear Market Formation Since 2000" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Silver Futures

Silver futures in the September contract are settling around 20.40 an ounce finishing down about $.25 for the trading week while still trading below their 20 but above their 100 day moving average hitting a 5 week low and if you are currently bearish silver I would sell at today’s price while placing my stop above the 10 day high which is 21.12 risking around $.50 or $2,500 per contract as the chart structure is outstanding currently. Many of the commodity markets are going lower because of the U.S dollar hitting a 6 month high against the Euro currency as I think that trend is going to continue here in the short term. The volatility in silver is extremely low at the current time and I would assume with all the worldwide problems that volatility will start to increase however prices still look weak in my opinion as the Federal Reserve is cutting back on the quantitative easing which is also a negative influence on precious metals prices as the fundamentals currently are neutral to weak.
TREND: LOWER
CHART STRUCTURE: EXCELLENT

Continue reading "Weekly Futures Recap With Mike Seery" →

Today's Fibonacci Points For Apple Inc. and Gold

Posted on by The INO.com Team

Yesterday was one of those "OMG" days where everybody ran for the exit at the same time. When that happens, there is indiscriminate selling of almost every market and this can present an opportunity for smart traders to step in and either add to positions or take new positions in the direction of the major trend.

Such is the case in Apple, Inc. (NASDAQ:AAPL) and spot gold (FOREX:XAUUSDO). Both of these markets have pulled back into Fibonacci levels that should offer good support and a turnaround opportunity. In today's video, I will be examining the recent pullback in gold and Apple, which is flirting with the $100 a share level.

I'll also be looking at Tesla Motors, Inc. (NASDAQ:TSLA), who just made a new high for the week today after it announced some very positive earnings yesterday. I will share with you my upside target zone for this market and it may surprise you. I'll also be looking at two of my favorite stocks, Netflix, Inc. (NASDAQ:NFLX) and Amazon.com, Inc. (NASDAQ:AMZN). Are they a buy right now?

Have a great weekend everyone and every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub