Gold prices have fallen almost $250 dollars in the past five months. Today's question is, at what level would you begin to think about buying gold?
Chart to Watch - VRX
We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of Valeant Pharmaceuticals International, Inc. (VRX).
I hope you are having a GREAT week !
VRX is on a monthly green MarketClub Trade Triangle and has been an extremely strong stock which suggests there is a good chance this stock will continue higher in the long run.
No matter how strong a stock is there will always be counter trend corrections along the way to higher prices and VRX has started a counter trend correction as shown by the weekly red MarketClub Trade Triangle. Continue reading "Chart to Watch - VRX"
POLL: Would You Buy A Car From Tesla Motors?
According to Tesla Motors founder Elon Musk, Tesla is on track to produce and sell 20,000 Tesla model S electric cars in 2013. Whether Tesla and Elon can achieve this goal remains to be seen. Elon Musk, like Steve Jobs, is the iconic face of Tesla and one should never think about selling him short. In addition to Tesla, Elon also founded SpaceX, a space exploration company, which has made some notable achievements in space exploration.
Today's question is would you buy a car from Tesla Motors?
Today's Video Newsletter: Slap on an Apple, and plug in a Tesla
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 21st of February.
In addition to the markets we normally report on, we will also be looking at the following markets using our Trade Triangle technology.
SLAP ON AN APPLE
First filed with the U.S. Patent and Trademark office in August 2011 and just discovered today by Allappnews.com, is Apple's patent for a “bi-stable spring with flexible display.” In other words, this could be the long-rumored iWatch. Here is what the patent states: With touch screen user input, a user can accomplish a number of different tasks including adjusting the order of a current playlist, and reviewing a list of recent phone calls. A response to a current text message can even be managed given a simple virtual keyboard configuration across the face of the flexible display. We will be looking at Apple (AAPL) today with our Trade Triangle technology to see if this new patent discovery moved the needle or if it makes sense technically to buy, sell, or take a rain-check on this stock. Continue reading "Today's Video Newsletter: Slap on an Apple, and plug in a Tesla"
Adam Hewison interviews Jim Martens, Senior Currency Strategist for Elliott Wave International
Adam had a chance to sit down with Jim Martens from Elliot Wave International (EWI). He shared some of his trading experiences and had some great insight on the currency markets.
Jim Martens is Elliott Wave International’s Senior Currency Strategist and editor of Currency Specialty Service. He got his start working with metals traders on the Commodity Exchange Center in New York and quickly earned a reputation for insightful market calls. Jim first joined Robert Prechter’s team at EWI in September 1993, covering a diverse list of markets from commodities to financials. He left EWI in 2001 to join Nexus Capital Limited, a Soros-affiliated Hedge Fund based in Hamilton, Bermuda, as their Technical Market Strategist. Jim rejoined EWI in the summer of 2004 and soon headed up the currency team. He is an experienced Elliott Wave instructor and presents at various trading seminars and tutorials around the world. Continue reading "Adam Hewison interviews Jim Martens, Senior Currency Strategist for Elliott Wave International"