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

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

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"

Hope For Guatemala - INO Cares

Hope For GuatemalaWe were so incredibly fortunate to be told about a wonderful organization doing amazing things in Guatemala. INO.com President and co-founder, Adam Hewison, learned about this mission work from his daughter’s father-in-law, Richard Lusk, who has been participating with Hope For Guatemala for over 3 years.

When doing mission work for Hope, Richard Lusk primarily teaches micro-entrepreneurship to the Guatemalan locals with the hopes that they will be able to create and sustain profitable businesses which will remove them from the poverty that is so rampant in Zone 18, the poorest section in Guatemala City.

Hope for Guatemala also provides nutritional breakfast and lunch meals to over 250 children, as well as educational instruction, extracurricular activities and vocational training to over 120 families. Among having farmers donate produce, the organization is also farming and starting a fishery to create a sustainable food source for the families of Zone 18.

Mr. Lusk was kind enough to hand-deliver an INO Cares check to the founders of Hope For Guatemala during his trip. We selected this amazing organization for the month of August, even though we sent funds a tad early.

Mr. Lusk sent a little note once he returned to the states,

"Adam, 

I just returned from Guatemala last night and I wanted to share some pictures of the Hope for Guatemala visit we made. It was a great visit and God's love definitely shows to these little kids that are served by this ministry!!

Jose and Erin Armas (the founders of Hope for Guatemala) were so grateful for your donation. Jose and Erin are about 35 years old. He is from Guatemala City and she is from the US. They have 3 kids of their own. They started Hope about 8 years ago. They feed around 275 kids a day, 2 meals per day, 5 days a week. They also help with school work, learning a skill/craft for the older kids as well as improve their nutrition levels. They have recently acquired a horse, and the reward for good grades is a ride on the horse. They have the only library and computer lab in Zone 18 (the poorest zone in the city).

This funding will help them tremendously and they really appreciate it so much. They make a dollar go sooooo far with their hard work and volunteer staff and the kids are in desperate need of nutrition, teaching and for someone to give them care and love. 

Your contribution will help insure that this will continue to happen. It was a pleasure to present them with your donation on your behalf.

Thanks again for thinking of Hope for Guatemala and your generosity.

All the best,
Richard"

Learn more about Hope for Guatemala, how you can contribute or even volunteer! We wish Jose and Erin Armas the best as they continue this important work. Thank you Richard again for taking our donation right to the founders!

Best,

The INO Cares Team

Weekly Futures Recap With Mike Seery

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

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