Markets are getting crushed in here and tech continues to lead us lower. Join me on the trade desk as I take you into our option positions in Apple and Amazon and with Fibonacci analysis, we analyze just how low these tech giants can fall.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
Hello MarketClub members everywhere! Well, today's sharp drop in equity prices and the rally in gold should come as no surprise as I have been talking about this since the beginning of the year. In fact, here's my first post where I explained why I thought the bear market was going to continue in the equities market. I'm not going to go over the reasons again as to why the markets are going down, suffice to say they are going down and are likely to continue.
At the moment all of the central banks, including the Fed, are clueless as to what to do. Instead of spending time on a cure in 2008, we made it easy for everyone to "take a pill" and mask over the problem. Since it did not cure the problem, we all have to suffer now as the markets readjust and face the music. The new hard reality is that there is no wonder pill.
Let's take a look at the major indices and see how far they could fall based on Fibonacci retracement levels and technical measurements. Continue reading "It's Not Over Until It's Over And It's Not Over Yet - Part 2"
It's been awhile since I posted my last gold update in October. I haven't written about gold because everything was going by the plan: gold fell right after the post and even hit a new low making bears happy. I expected to wait for the week of the 29th of February as it was my time target in that update. But gold's price overshot the recent high which was the starting point for the last drop towards the new bottom invalidating the experiment.
Below is the chart from my earlier gold post to refresh your memory. I added blue call-outs with some new comments to show where it went wrong.
Chart courtesy of tradingview.com
I shadowed the part of the chart before the post date (October 22nd) to highlight the progress of the price. Gold quickly plunged down from the post date. It went all the way down with the largest drop in November and hit a new multi-year low at the $1046 level at the end. Continue reading "Gold Update: Unstoppable?"
I recently overheard a conversation of two gentlemen discussing a home remodeling project. The younger of the two was explaining how he was preparing to paint a few rooms in his home. His wife was picking out colors and he was soon going to purchase the paint and begin his project. The older of the two men listened intently and besides jokingly saying 'have fun with that project,' gave only one piece of advice, 'buy the more expensive paint.'
This comment seemed to catch the younger man off guard and he responded to the advice with, 'but the more expensive paint is nearly double what the lower priced paint is, is it really worth the extra money?' That question was answered with a simple, 'just trust me, it is in the long run.'
If you have ever painted a room you know exactly what both men in this situation are thinking. The younger guy is confused because it's just paint, I am just trying to add some color to my walls and do I really need to spend the extra money. While the older, wiser, guy is trying to save the other from a headache, time and money due to possibly having to repaint the room again down the road.
I mean seriously, it's just paint, right? Continue reading "In Life And Investing Always Remember 'Cheap Is Expensive'"
When we created the INO Cares campaign, we wanted to touch the lives of those in our community and throughout the world. We've provided scholarships for Nepalese children to attend school, completed our team building in a soup kitchen, funded and cheered for marathon runners raising money for very worthy causes, and so much more. It's been such a rewarding use of our time and resources!
For 2016, we've decided to change it up a little bit. This year, we will be performing random acts of kindness for those in our community and those that touch the hearts of INO.com employees.
For our first act, we put together 60+ blessing bags. These bags, adorned with an encouraging message of hope, are packed with goodies and helpful items (socks, water, hand-warmers, chapstick, tissues, toothpaste, toothbrush, snacks, and more) for those who may need some extra assistance.
We also had enough supplies to send items to a local high school for their backpack buddies program and to a church in West Virginia for their ongoing support ministry.
At a recent team meeting in Alexandria, Virginia, we were able to hand out a few blessing bags to those we encountered in the city. It's such a quick, and yet wonderful moment to see a smile from someone who may find it difficult to find things to smile about.
These blessing bags are perfect to keep on the passenger side seat of our cars. Not only will our help be just an arm's-length away, but they will also be a great reminder of the gratitude we should be carrying in our hearts at all times.
We hope that you'll follow along with the many acts of kindness we hope to accomplish in 2016!
Best,
Lindsay Bittinger
INO.com, Inc.
You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.
