It's Not Over Until It's Over And It's Not Over Yet - Part 2

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"

The Luck Of The Irish And A Follow-Up To My Weekend Trade

Happy St. Patrick's Day to everybody! I am confident that MarketClub and the Trade Triangle technology can help you discover that Irish pot of gold at the end of the rainbow.

Today, I'm going to be following up on the weekend trades that I showed you in last Friday's video. If you go back and watch that video, you may want to fast forward through the first four minutes and forty seconds of the video to the part where I picked out stocks for the "52-Week High On A Friday" strategy.

Out of the four stocks I picked, three of them were excellent candidates and one did not make the cut. I will show you why you should not have taken this "52-Week High On A Friday" trade.

Here are the four stocks that I shared with you last Friday: Continue reading "The Luck Of The Irish And A Follow-Up To My Weekend Trade"

Amazon's Greatest Nightmare

Yesterday, Inc. (NASDAQ:AMZN) reported its earnings. They were a shocker and pushed the stock down over 9% overnight.

While Amazon was reporting no profits, Jack Ma, the head of Alibaba Group Holding Limited (NYSE:BABA), was in Hollywood looking to buy content and movie studios for his mammoth "find everything" website. Mr. Ma has also said publicly he wants to have US companies on his website so they can sell their products in China. Alibaba has over half a billion customers at the moment and is growing fast.

When I look at the stock of Amazon I can see that this stock hasn't gone anywhere and keeps losing money. Somewhere along the line, I think investors are going to say enough with Amazon already, it's got to start making money. Amazon has its fingers in a lot of pies including advertising, merchandising, newspapers, the cloud and probably a lot of other ventures you don't even know about.

But even if you didn't know anything about Amazon or Alibaba and you just look at the charts, you have to say that the chart on Alibaba looks a lot more positive than the one for Amazon. Now admittedly, Alibaba has not been trading in the US that long, but something seems to be right about what's going on with this company and its charismatic leader, Jack Ma.

While Amazon stock has gone up and come down, it's practically unchanged from where it was a year ago. It is down over $100 for the year, while AliBaba's stock is within 2 or 3% of its IPO high price of $99.70 on September 19th.

In today's video, I will be looking at both the stock of Inc. (NASDAQ:AMZN) and Alibaba Group Holding Limited (NYSE:BABA). I'll also be looking for some weekend trades of the 52-week kind and see what I can come up with. And of course, I will do a recap of the week and show you the winners and the losers.

Every success with MarketClub,
Adam Hewison
Co-Creator, MarketClub