Hello MarketClub members everywhere. Next week, Amazon.com (NASDAQ:AMZN), Apple Inc. (NASDAQ:AAPL) And Alphabet Inc. (NASDAQ:GOOG) all report earnings. This could be the catalyst to get the market out of the doldrums and the sideways pattern that I've been talking about for what seems like ever.
Yesterday Microsoft Corporation (NASDAQ:MSFT) announced its earnings a beat 76 cents vs. 68 estimates, that was enough to push the stock up above its 1999 highs of $59.97 in after-her-hour ours trading. It would appear that the turnaround efforts for Microsoft are on track under the guidance of Microsoft's CEO Satya Nadella.
The market has been remarkably quiet with most of the noise coming out of the presidential campaign this week.
Once again, MarketClub's Trade Triangles point the way to successful trading. If you are not tracking the Trade Triangles, you may decide to do so after looking at how they are positioned in many of the markets.
Hello MarketClub members everywhere. I believe that the market is stressing out.
That's my take on what's going on right now in the market.
The Trade Triangles have indicated for seven weeks that the market was in fact in a state of uncertainty. That remains true today just as it did seven weeks ago.
Let's move on; it's Friday and the big winner for the week is Crude Oil which is up 3.54% for the week. The big loser for the week so far is gold which is down 4.86%. Let's examine how the Trade Triangles are positioned on both of these markets. Continue reading "Is The Market STRESSING OUT?"→
Hello MarketClub members everywhere. Good to be back, I was away visiting family and unfortunately I picked up a really bad cold. I'm sure you had times like this yourself when you just feel lethargic and don't feel like doing anything. Well, that was then and this is now so let's get the show on the road.
In today's video update, I'm going to be analyzing gold (FOREX:XAUUSDO) and I am going to be share with you something that I noticed that has been 100% accurate this year in gold, I'm sure you'll find it interesting.
Of course, I will be covering the other markets and the choppy action we are seeing in most of the major indices. A great deal of this indecisive market action I believe has to do with the general uncertainty that's pervasive in the US right now. The main culprit is the upcoming presidential election which is less than 30 days away.
I will also be taking a look at Amazon.com (NASDAQ:AMZN) and Apple Inc. (NASDAQ:AAPL). Both the stocks look very interesting particularly as Amazon reentered the music market today. Amazon is tying music subscriptions both to its Prime accounts as well as ECHO its Alexa-driven knowledge machine both could, in fact, catch the imagination of many Amazon Prime ECHO users.
Stay focused and disciplined.
Every success with MarketClub, Adam Hewison
Hello MarketClub members everywhere. The stock market has started off the new trading week with gains as Wall Street readies for the start of the third-quarter earnings season, awaits more news from the Federal Reserve and watches politics as the presidential election comes down the final stretch.
The reporting season kicks off on Tuesday with quarterly results from aluminum maker Alcoa Inc. (NYSE:AA) and more importantly on Friday with reports from the three major banks Wells Fargo (NYSE:WFC), Citigroup Inc. (NYSE:C) and JPMorgan Chase & Co (NYSE:JPM).
Hello MarketClub members everywhere. I'm thinking most of the public thought that all of this bank garbage was behind them, but the reality is there's still a lot of real problems out there many of which the Fed will not own up to. I have said for some time that the Federal Reserve system is out of whack and up a creek without a paddle.
Well, it looks as though Deutsche Bank AG (NYSE:DB) is imploding this morning as it stock sinks with massive withdrawals from hedge funds and the public is not helping matters. With a huge debt load that it can't possibly support Deutsche Bank is in trouble and its only savior at this time is the Merkle regime. However, if they step in it only kicks the can down the road to another day. I'm sure there are still some folks around who remember the hyperinflation in Germany in the 30s. This terrible time was the beginning of an economic climate that gave birth to the Nazi regime. Nobody wants to see that happen again.
Everybody was worried about the financial system in Greece, but we are talking about Germany now which has a far greater footprint and significance in the EU. If Germany begins to totter, the rest of Europe cannot be far behind.