Tag: Mid-Day Report

How I See The Week Ahead

Posted on by The INO.com Team

Last Friday's 1.5% drop in the major indices certainly was a surprise to a lot of people, but was it predictable? The answer has to be yes and no, here's what I mean.

For some time now, the major indices have been moving sideways based on the Trade Triangle technology. What that means is that the monthly Trade Triangles are indicating that the long-term trend remains positive, while the weekly Trade Triangles are negative indicating the intermediate-term trend is down. That tells you there is a conflict between the Trade Triangles and that the market is in a broad trading range.

As with any trading range, you're going to see sharp upward and downward moves. So did Friday's move to the downside do anything to really change the general market? The answer has to be no because the general market is still contained within its broad trading range which I have illustrated on the chart below and in my recent videos.

Don't forget to watch today's video (that will be added later) as I will be giving you an up-to-date analysis of what is going on in the markets right now. Continue reading "How I See The Week Ahead" →

Netflix - Trust The Force

Posted on by The INO.com Team

Hello traders and MarketClub members everywhere! Today, gold (FOREX:XAUUSDO) gave a buy signal at $1207.59, basis the spot market. You could now be long the gold market if you are a short-term trader.

Many of you may remember that Q1 was a difficult quarter for the Internet portfolio, due mainly to a loss in Netflix Inc. (NASDAQ:NFLX). Well, I'm happy to report that the Trade Triangle approach has come through once again and made back all of the previous quarter's losses in Netflix.

For those of you old enough to remember the iconic "Star Wars" series, where the old Jedi Master, Obi-Wan Kenobi, calmly instructs Luke to "trust the force." Only in our case, we trust the Trade Triangle technology. Eventually, they get it right and they will reward you. Netflix is a great example of that today. Continue reading "Netflix - Trust The Force" →

Apple Flashes A Buy Signal And Is On Track To Move Higher

Posted on by The INO.com Team

11 days ago I published a special report on Apple which you can read here. In that report, I stated that a low period should occur either on Friday or today. The fact that a buy signal triggered for Apple today indicates that the low period has passed and we should see Apple move in a positive mode for the next 23 to 28 days. Apple is expected to announce earnings of $2.13 (consensus) after the close of business on the 27th; that's approximately 14 days from now. Let's go with the flow and see if this pattern works out.

The news out of China was disappointing for some China bulls, but the reality is China is still going to have a 7% growth rate which is very positive in any country. Asian and European stocks continue to move upward with Europe just beginning to begin a quantitative easing program whereas the United States is hopefully winding down its quantitative easing program. Continue reading "Apple Flashes A Buy Signal And Is On Track To Move Higher" →

European Stocks Soar As The Euro Sinks

Posted on by The INO.com Team

As yields on bonds and interest rates trend lower, investors around the world are looking at equities to save the day.

It doesn't matter if it's Europe or Asia, equities have been in a strong upward trend - just the opposite of what has been happening to interest rates. Can this trend continue? The answer may surprise you. Just this morning it was released that 52% of America is not in the U.S. stock market, they are not in mutual funds, nor do they have an IRA account.

That's an awful lot of firepower that is still on the sidelines that potentially could move into stocks. Here's my concern, these are largely uneducated investors and that could cause problems for the market down the road. Continue reading "European Stocks Soar As The Euro Sinks" →

2 Strong Sectors With 6 Strong Stocks

Posted on by The INO.com Team

Today, I'm going to be looking at 2 strong sectors amongst my 9 sector group that I watch on a constant basis. The 9 sectors I watch are the consumer, service, healthcare, energy, financial, technology, industrial, materials and utility sectors.

Can you guess which 2 sectors are the strongest? Continue reading "2 Strong Sectors With 6 Strong Stocks" →