Hello MarketClub members everywhere. Like the other 84 million Americans, I watched the presidential debate and I have to say it was as boring as watching an uneventful Super Bowl. The interesting thing is the next day the stock market had a very healthy bounce. I don't think there is one particular event you can point to that caused the bounce, but nonetheless, it was a bounce.
The question is, should you buy stocks now? The answer will be if you are long-term trader it may be a good time to be a buyer. On the other hand, if you're an intermediate or shorter-term trader it would be best to wait for a green weekly Trade Triangle in the Dow or the S&P 500 to be a buyer of stocks in those indices. The NASDAQ is a different kettle of fish as that is clearly in a strong upward trend.
Hello MarketClub members everywhere. It's estimated that there will be up to 100 million people watching tonight's debate. Never before have there been that many people so involved and so intrigued by a political debate. Never before has the country been so divided in so many ways.
Tonight's debate is going to be historic in the sense that we have never seen two more famous or infamous people depending on your viewpoint duke it out for 90 minutes in prime time. The question is, how are the debates going to affect the markets? That is a question that cannot be answered with any logic. What I do know is that the Trade Triangles will catch any nuances that come out of the debates.
Hello MarketClub members everywhere. There is no doubt about it; Jeff Bezos has built a fantastic company. When he first started selling discounted books, he wanted to give his company a big name. The biggest thing he could think of at the time was Amazon which is the largest, mightiest river in the world. Jeff's premonition for calling his company Amazon turned out to be very fortuitous as Amazon is without question the biggest online store in the world.
I have to admit; I'm a customer of Amazon.com Inc. (NASDAQ:AMZN) like millions of other people who love the service. What Amazon does better than anybody else is sell products and deliver them and make it all incredibly easy and pain-free.