Seven years ago the DOW was trading around 6000, today this index is over 17,000. So what is the next big move in this index? I suspect the next big move will be on the downside.
Today, China announced that exports hit a 7-year low which indicates to this observer that economies around the world are slowing down.
Technically in many of the major stocks we still have red monthly Trade Triangles indicating that the trend is still down longer-term. The same holds true for the major indices where we are still seeing monthly red Trade Triangles.
At the end of last week, I indicated that I expected this week to be choppy and range bound, as the major indices have all reached major Fibonacci resistance points. I expect the indices to turn back down after a week or two. I still hold to that belief and want to watch these markets very carefully looking for an entry point to go short. Continue reading "Getting Ready For The Next Big Move"→
Hello traders and MarketClub members everywhere! In today’s video, I will be checking out 10 very popular stocks too see if they've lost their market mojo and are experiencing a lack of interest from investors.
Now, by no means am I saying that these stocks are going to deteriorate in the next week. I am simply looking at these stocks to see if their recent market action is presenting some question marks in the minds of investors. All of the stocks I will be covering today are well-known, heavily traded stocks that have been trading for a while.
If you own or if you're thinking of buying any of these stocks, you need to watch today's video. In this short video, I go through each stock in detail and describe the key levels that will be game changers for each of theses markets.
As always, we welcome your feedback. If you have questions about any of these stocks or any other market, please feel free to add a comment below.
Every success with MarketClub, Adam Hewison
Hello traders everywhere, Adam Hewison here, I hope you all had a great weekend and are ready to start another exciting week of trading. As we start this week, we want to first look at Apple (NASDAQ:AAPL). You may or may not be aware that Apple officially split it shares over the weekend with a 7:1 stock split. That means for every share of Apple, you now own seven new shares at a lower price. It seems like Apple is angling for a spot in the DOW. This morning we adjusted our chart scale to reflect the 7:1 split for Apple and show the new share value. We will take a closer look at Apple and see if it is worth buying at its new levels.
Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Friday, the 9th of May.
A few weeks ago, I introduced MarketClub's new Internet portfolio. This portfolio consists of five major stocks that are heavily involved with the Internet. Today I thought I would revisit this portfolio and share with you the current positions and money management stops.
Last year this portfolio produced a positive 65% return on invested capital. No one has a crystal ball that can say exactly what is going to happen to the markets in 2014. However, I do feel that the odds of these five Internet stocks moving either to the upside or the downside is very high.
As traders, we need to have movement in order to make money. We cannot make money in stocks that are stagnant and moving sideways. That's why it's important to have diversification in any portfolio.