Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 16th of September.
News that Larry Summers was withdrawing his name for consideration as the next Fed chairman sent stocks soaring overnight in Asia and Europe. When the US markets opened, it followed through and helped push many stocks to new highs. Today I will be looking at the indices and certain stocks that I think are worthy of your consideration.
I am taking a little time off up at my summer home in Maine, mainly to escape the heat and humidity of Maryland. My home is about 10 miles from Brunswick, home to Bowdoin College, a nationally renowned liberal arts school. I say that for a reason, because one of Bowdoin's most famous alumni is a gentleman named Reed Hastings. Now Reed Hastings is not exactly a household name, but certainly the company he founded in 1998 is … the name of that company is Netflix.
I just finished watching an interview with Reed Hastings and wow, is he ever focused on delivering a first-class customer experience. Before I go any further and for full disclosure I do subscribe to both Netflix's streaming and DVD service.
As Netflix (NASDAQ:NFLX) just announced their earnings yesterday after the bell, I thought maybe it's time to update my outlook on this stock again. I have been talking about this stock's upside potential for months and I am not alone as Carl Ichan also likes Netflix and is one of its biggest investors. Yesterday's dramatic drop after Netflix announced its earnings was perhaps a little bit of a knee-jerk reaction. In today's video, I will be looking at both long-term and intermediate-term trends using MarketClub's tried and trusted Trade Triangle technology.
The old adage of "follow the money" applies to all stocks and is the right one to use, in my opinion. So without further ado, let's delve into the world of Netflix (NASDAQ:NFLX) and see where it has come from and where it's going.
I think you'll enjoy this short educational video as I walk you through every trade signal we have had in Netflix for 2013. You will also gain a great understanding on how to incorporate our easy-to-use Trade Triangle technology into your own portfolio.
All the best, Adam Hewison
If you love the movies, then you've got to love this stock.
This stock has been acting very well lately, as it seems to be able to shrug off all the negative news that we have been bombarded with lately.
In this short five-minute video , I explain in detail and take you step-by-step in what I think is happening to this particular stock. All of our indicators, including our "Trade Triangles" are pointed on the upside for this one market.
We are putting the video online so you can watch it with our compliments. There is no need to register and you can watch it right away.
Let us know what you think of the video on our blog.
Enjoy the video,