Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Tuesday, the 6th of August.
Every Market Deserves To Rest Once In A While
The indices appear to be on the defensive today, however that's not say we have reached a top or that the trend has changed from positive to negative. Trend changes tend to take time and usually don't happen overnight. For myself, the "line in the sand" on the DOW (INDEX:DJI) is the 15,400 level. It is at that level where I would exit my long position and move to the sidelines and await the next signal. Moving to the sidelines does not change the bigger trend picture for the DOW. I still remain long-term bullish, providing that the monthly Trade Triangle remains in the green column. Continue reading "Today's Video Update: Is this the top of the market?"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 5th of August.
All The Trade Triangles Turn Green For Apple
This morning, Apple (NASDAQ:AAPL) moved to a five month high and completed a major base. Apple has, without too much fanfare, rallied from a recent low around $390 and triggered a major monthly Trade Triangle this morning with its move over $466. I can see a move for Apple to the $550 to $575 area.
Lots Of Green Trade Triangles Continue reading "Today's Video Update: All The Trade Triangles Turn Green For Apple"
Apple (NASDAQ:AAPL) is no longer the high flying growth giant the markets once loved. In the ten-year period starting in 2003 the stock saw gains of as high as 5,000%. The run up was nothing short of Wall Street magic.
Those days are over…but a new opportunity has emerged.
You see there are two classes of stocks. The first is comprised of optimistic growth stocks – Google, Tesla, Amazon and the like. These stocks trade at incredibly high earnings multiples because investors are factoring in expected growth. Simply put, they are anticipating the company to grow its earnings at a much faster rate than the overall market and therefore are paying much more for the cash these companies are generating today. Continue reading "Apple – The Cheapest Growth Stock in the Market"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 24th of July.
Yesterday, Apple (NASDAQ:AAPL) surprised analysts with better-than-expected iPhone sales, and indicated that it expects a "busy fall" with new products.
Apple CEO, Tim Cook, said in a statement, "We are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014."
In after-hours trading, the market voted with a dramatic 5% rally in Apple (NASDAQ:AAPL). If you haven't already watched my special report first published on 07/13/13 on Apple, watch it here.
Has Gold Run Out Of Gas?
I will be taking a closer look at Gold (FOREX:XAUUSDO) to see whether the Gold market has run into an important resistance level of $1,340. This could be where gold turns back down and we could see a correction back down to the $1,300 level. I will have in-depth coverage of gold in today's video report. Continue reading "Today's Video Update: Apple Rocks With After-Hours Action"