Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 22nd 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.
GOD BLESS MEG ...
Is Meg Whitman going to create a miracle with Hewlett-Packard (HPQ)? Yesterday, HP announced its earnings and while its profits were dramatically lower, it was not as bad as most analysts had expected. But here's the interesting news, technically HP appears to be making a base in which to move higher. The key level we are watching for the rest of the month is $17.50. Should HP stock move over this level, all of our Trade Triangles will turn green. If this happens, and it is a big "if", the major downtrend for HP will have finally reversed its three year decline. We will be looking at HP stock today using our Trade Triangle technology. Continue reading "Today's Video Newsletter: God Bless Meg … AIG finally makes a profit and ABBONDANZA!"