Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 30th of October.
Stock To Watch - Deckers Outdoor (NASDAQ:DECK)
Here is a stock that is coming from a massive base and appears to want to move higher. All of the Trade Triangles are positive on Deckers Outdoor Corp (NASDAQ:DECK). On Monday, Deckers moved to its best levels in 18 months and appears to want to challenge some of its Fibonacci retracement levels. The first major level is $73.23, which represents a 50% retracement. The next major level is $83.92, which represents a 61.8% retracement. I expect this stock to stay strong for the balance of the year. As always with any trade, use money management stops to protect capital. Continue reading "5 Stocks to Watch" →
Before I share with you my 3 surprises, Apple (NASDAQ:AAPL) is set to announce on today how many iPhones it sold over this past weekend.
I think they sold a lot of their new iPhones, maybe more than 5 million (announced today - 9 million sold) . That's the number Apple sold at their last iPhone roll-out weekend. I think Apple is going to sell a lot more, maybe 10 or 20 percent more.
Here's the reason why I say that.
I'm was just wrapping up some time at my summer home, here in Maine, and I decided on the spur of the moment to check out the local AT&T store and find out more about the new iPhone 5S, which I wanted to see first hand. Continue reading "3 Big Surprises I Experienced At My Local Apple Store This Weekend" →
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Thursday, the 15th of August.
First, Carl Icahn tweeted that Apple shares were "undervalued" and shortly after, George Soros disclosed he was accumulating more shares of Apple, while at the same time dumping his gold ETF shares.
Here we have two Wall Street titans whose average age is 80 years old. You have to love that these two guys are really shaking up the tech world showing traders around the world how it is still possible to trade at their age. Now, I'm sure they don't actually make the trades themselves, but like many traders they have others to pull the trigger. They are both doing a great job and I congratulate them both for showing the world that life begins at 80! Continue reading "Today's Daily Update: George Soros Jumps On The Apple Bandwagon" →
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Tuesday, the 13th of August.
Never Do What This Once Smart Hedge Fund Manager Did - Not Once, But Twice!
Oh my, where do I start? This once smart hedge fund manager used to be good, so why did they make some unbelievable rookie mistakes?
What were these rookie mistakes?
1. No money management.
2. Picking a very public argument with someone in the business who is bigger, more powerful and swings a bigger axe. Continue reading "Today's Video Update: Never Do What This Once Smart Hedge Fund Manager Did" →