Tag: Mid-Day Report

How Did I Know This Would Happen?

Posted on by The INO.com Team

Well, I wish I could take personal credit for this, but I really can't. All credit goes to the Trade Triangle technology which two days ago picked out a stock that made a major reversal.

As I looked around the web, I saw little or no mention of this stock anywhere. It does not seem this stock was on the top of anyone's radar screen.

So how did I find this stock that just happened to open up over 8% higher today? I used the recent Trade Triangles scan and you can do this every day with MarketClub. I then looked for markets that on average trade over 2 million shares a day and are showing a green monthly Trade Triangle.

What popped up on my screen two days ago was Celgene Corporation (NASDAQ:CELG). Yesterday I highlighted this stock as a buy in my update video. In case you missed what I said, you can watch that video right here. My analysis of Celgene starts at the 4:42 mark in the video.

I indicated that I thought Celgene could move to the $135-$136 area. It practically got there today with the big jump on the opening. What caused the big jump was an announcement by Celgene that it was buying Receptos Inc. (NASDAQ:RCPT) for $7.2 billion. This gives Celgene an even bigger presence in the $67 billion drug market to treat autoimmune conditions.

You can search every day in MarketClub for stocks that represent the same opportunities as Celgene. It's easy to do with the Trade Triangle scanning tools.

In today's video, I will be taking a general look at the markets to see exactly what's going on and determine if the market has made a fake or real turn to the upside.

Please feel free to leave your comments below this post on any market related subject.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

First Greece, Now Iran, The Deals Keep Coming

Posted on by The INO.com Team

Yesterday, we saw the first glimmer of hope from Greece and that was enough to push the markets up sharply and optimism once again ruled the markets.

Today's announcement of a nuclear deal with Iran is a different kettle of fish. I do not view the nuclear deal with Iran in quite the same positive light as the deal with Greece. The ramifications are very different and of course, potentially life-threatening for a very sensitive part of the world.

It is going to take the markets some time to digest the ramifications of this deal as it is still way too early and premature to assume either the best or worst scenario for this deal. Putting all that aside, today I'm going to look at the technical aspects of the major indices, crude oil, gold and the euro and time permitting, a couple of stocks that are looking good technically.

Tell us, what do you think of this nuclear deal with Iran? Please feel free to leave your comments below this post. I would be most interested in hearing how you think this will affect the markets, crude oil and of course, the world.

Q3 promises to be a very interesting quarter in many aspects. Q3 happens to be one of the most successful quarters for trading soybeans. You can see all of our soybean entry and exit signals in our World Cup Portfolio, right here.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Hello Europe, Life Goes On

Posted on by The INO.com Team

"In three words I can sum up everything I've learned about life: it goes on."

How true that quote is! It comes from prize winning Pulitzer poet, Robert Frost.

I think the same can be said about markets and countries: they go on.

This morning, there is hope that something can be hammered out with Greece before the week is out. I am not sure how many weeks we have been looking for a resolution to this European drama, I've just lost count. It is time for the Greeks to make a deal and for life to go on.

Let's put that all aside today and look at six stocks that I talked about last week. All six of these stocks ended up in the plus column for the week. Continue reading "Hello Europe, Life Goes On" →

Can An Old Chinese Custom Save Greece?

Posted on by The INO.com Team

It seems like this weekend is crunch time for Greece and the EU. At first I thought it was inevitable that Greece would exit the euro... Now I'm not so sure and it all has to do with Face.

In Chinese culture, nothing is quite as important as the concept of Face. Face represents a person's reputation and feelings of prestige within multiple social circles, including the workplace, family, friends, and society. This perhaps is the one of the most difficult concepts for most Western societies to understand.

Gaining and losing Face is serious business and could be why the EU and Greece may resort to a Face-saving solution. Greece will get what it needs (53 to 55 billion dollars) and the EU saves Face by keeping Greece in the euro zone.

So in my opinion, the whole EU deal rests on Face and not on billions of dollars. We should see this tragic, comedy of errors play out this weekend and be settled. Certainly the markets would like that to be the case.

Just talks of a solution was enough to rally the markets overnight and going into the weekend it's going to be very important to see where these markets close. Continue reading "Can An Old Chinese Custom Save Greece?" →

Greece, China And The Trade Triangles Have A Lot In Common

Posted on by The INO.com Team

It seems all we can talk about in the markets are the ongoing Greek charade or the next talking point China. You will hear no end of experts telling you what they think of Greece and China and what will happen if this or that takes place. The reality is, no one knows for sure what's going to happen.

My advice, simplify, simplify, simplify. Keep it simple as the market doesn't pay you more for overthinking. In fact the market doesn't care what you or anyone else thinks, it's going to go its own way no matter what.

And that's the beauty of the Trade Triangle technology it doesn't over think the markets. In fact it doesn't think at all it's an algorithm.

To the best of my knowledge, no one predicted the recent weakness in crude oil. As everyone knows usage tends to be high in the summer months when people travel for vacations.

Remember I said no one knows, however, the Trade Triangle technology is an unbiased algorithm that literally goes with the flow and does not overthink any situation. You only have to look at a chart of crude oil to see just how this simple unbiased approach has performed. The Trade Triangles have made close to a 150% return in the last eight days based on latest Trade Triangle signal. That represents a gain of about $6,000 per contract in just over a week, and that's not listening to anyone except what the market is telling the algorithm!

So when it comes to investing and trading look no further than MarketClub's Trade Triangle technology as it will over time far outperform most of the so-called experts out there.

Today, I will be looking at two stocks that gave important buy signals yesterday.

They are: Continue reading "Greece, China And The Trade Triangles Have A Lot In Common" →