Tag: how to use trendlines

On My Radar Today - BB&T (NYSE:BBT)

Posted on by The INO.com Team

Today, I'm going to be analyzing the stock of BB&T (NYSE:BBT).

BB&T Corporation is a financial holding company. BB&T conducts its business operations primarily through its commercial bank subsidiary, branch bank, and other non-bank subsidiaries.

Now that we have the basics of how BB&T operates, let's take a look at the chart. The most outstanding feature to me on this chart is the long term trend line. This trend line touches five price points, making it a very powerful and important trend line in the future.

BB&T chart

The RSI is trending over the midpoint 50 line, indicating a strong trend. Plus, all of the Trade Triangles are green and positive. The last major trend Trade Triangle signal was on 12/13/13 at $35.58. Continue reading "On My Radar Today - BB&T (NYSE:BBT)" →

A Chart Setup I Really Like

Posted on by The INO.com Team

Today, I'm going to be sharing a chart setup I think has a lot of potential based on some of the technical studies I use here at MarketClub.

The chart I am analyzing is Cliff Natural Resources (NYSE:CLF).

At number 1, I have drawn a downtrend line from the high around $100, all the way down to where the trend line was broken in late July of 2013. Generally, the longer the trend line, the more powerful the move when it is breached. This trend line on CLF lasted a little over two years and touched three distinct points, confirming it as a valid trend line. Continue reading "A Chart Setup I Really Like" →

Is Wal-Mart in trouble?

Posted on by The INO.com Team

Wal-Mart Stores Inc. (NYSE:WMT) is the largest retailer in the world, and if they are have problems, then we really have to examine and be concerned about what is really happening to the economy.

Yesterday, it was reported that Wal-Mart stores were cutting back on U.S. orders amid an inventory backlog. It was later denied by David Tovar a spokesperson for Wal-Mart. However, true or false it managed to push the stock of Wal-Mart down over 2% on the day.

That is a fundamental viewpoint. What is interesting technically about Wal-Mart is the fact that it recently broke below a 25 month trend line.Trend lines are enormously important for determining the momentum and trends of stocks, commodities, and any number of items that can be charted. In order to be a valid trend line, it must touch three points along the line to be truly meaningful. The longer the time frame, the more meaningful and powerful the trend line becomes. A two year trend line like Wal-Mart recently broke thru to the downside is significant and should not be ignored.

Continue reading "Is Wal-Mart in trouble?" →

An Invaluable Trading Tool That I Learned 30 Years Ago

Posted on by The INO.com Team

Hello traders everywhere, Adam Hewison here, coming to you from the digital studios of MarketClub. Today I want to share with you a trading tool that I learned a long time ago when I was member of the exchange and trading in the pits of Chicago.

It was there amongst all the hustle and bustle, standing shoulder-to-shoulder with some of the most successful traders in the world, that I learned one of the most important tools in trading. I have never forgotten this tool and in fact, I still use this tool everyday when I'm researching a potential trade.

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As computers get more and more sophisticated and are able to spit out trading algorithms faster than you can blink an eye, this simple tool continues to stand alone as a universal market truth. Little did I realize that this simple tool would prove to be so valuable.

So let's get started with this same tool that I have been using now for the past 30 years. I will also share with you one of the core secrets that most traders miss when they use this powerful trading tool.

It's a short lesson that visually illustrates when and how you should use this successful trading tool.

Every success and thanks for watching the video.

Adam Hewison
President, INO.com
Co-Creator, MarketClub