Today's MarketClub TV: Apple reports earnings after the close … and the world waits

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and co-founder of MarketClub with MarketClub TV for Wednesday, the 23rd of January.

After the bell today, Apple reports its fourth-quarter earnings and it could be a surprise. The stock is very close to its recent lows of $488, which represents a 61.8% Fibonacci retracement from the highs around $700 a share.

Can Apple regain its mojo? Will a perceived poor earnings report overcome the current negative attitude that has driven this stock down to the basement?

Any rally in an Apple surprise should be viewed as a "dead cat bounce" in a longer term downtrend. The waiting will be over after the bell. Continue reading "Today's MarketClub TV: Apple reports earnings after the close … and the world waits" →

Ding, Ding, Ding?

Posted on by The INO.com Team

Behold the beauty of this title: Investors Most Optimistic on Stocks in 3-1/2 Years in Poll

I was reviewing this morning’s news items the above headline stuck out like a sore thumb.

A little stroll down memory lane:

In May of 2012 NFTRH 188 used this graph among other indicators to get bullish on a risk vs. reward basis, stating “and then there is this beauty… the dumb money has lurched hard to ‘risk off’.

Smart/Dumb money confidence, May, 2012

I personally took some pretty good grief for writing Dumb Money Sold in May and Went Away over at Contrary Indicator Central – AKA the Seeking Alpha comments system – to the version of the article published at SA.  The most memorable of the responses by defensive bears was “Gary = Dumb Investor”.  I considered these comments to be of great value, because to be an effective contrary market player you must, almost by definition, appear dumb to most people a lot of the time. Continue reading "Ding, Ding, Ding?" →

Today's Video Newsletter: Google reports after the bell … and it could be a shocker!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 22nd of January.

After the bell today, Google reports its fourth-quarter earnings and it could be a shocker. The stock is very close to its previous highs, and one could argue that it is up against technical resistance. Can today's earnings report overcome the resistance and turbo drive this stock's trend?

We are going to be looking at Google closely today and giving you our assessment and what we think will happen to it based on this afternoon's report. We will also be sharing our thoughts on FaceBook, which could steal a lot of Google's thunder in the months ahead.

On Wednesday, Apple reports its Q4 earnings and this could be another big shocker for the market. With its stock down 27% from the highs, things aren't looking so peachy for this once golden apple. We will cover this stock in our video today. Continue reading "Today's Video Newsletter: Google reports after the bell … and it could be a shocker!" →

Stocks mixed as DuPont, J&J report earnings

Posted on by The INO.com Team

U.S. stocks wavered between small gains and losses Tuesday as big companies reported their fourth-quarter financial results.

The Dow Jones industrial average rose 19 points to 13,669 as of 12:10 p.m. Eastern time. The Standard & Poor's 500 index rose a fraction to 1,486. The Nasdaq composite average dropped seven to 3,127.

Among the Dow components that reported early Tuesday, chemical and bioscience company DuPont reported a sharp drop in income on weakness in its electronics, communications and other businesses, but the results still beat analysts' forecasts and DuPont's stock rose 77 cents, or 1.6 percent, to $47.76.

Johnson & Johnson said higher sales helped boost its profit from a year ago, when results were weighed down by a slew of one-time charges. However, the company's 2013 profit forecast fell short of analysts' estimates. J&J dropped 44 cents to $72.79. Continue reading "Stocks mixed as DuPont, J&J report earnings" →

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (January 21 through January 25)

As we begin this abbreviated week, U.S. markets continue to be the focal point as traders try to plan ahead for a continuation of reported earnings. Additionally, there is expectation that House Republicans are planning to punt the U.S. debt ceiling decision by three months if a few of their demands are also met as a compromise. Overall, I believe most traders (myself included) were delighted to see stability this morning as we won’t soon forget the MLK Day chaos from five years ago, when equities saw unwinding of a massive futures position held by a trader at SocGen. While we all welcome volatility, we also appreciate it in smaller doses!

The bulk of the earnings this week fall in the S&P 500 as just shy of one hundred companies in the index report earnings. Thus far, earnings have been decent as indicated by several closes last week above the prior September chart highs. Be sure to keep an eye on Apple as they report on Wednesday. Despite the fact that it has been on a recent slide, it still commands attention as it hovers the $500 mark. Continue reading "Gold Chart of The Week" →