Seven years ago the DOW was trading around 6000, today this index is over 17,000. So what is the next big move in this index? I suspect the next big move will be on the downside.
Today, China announced that exports hit a 7-year low which indicates to this observer that economies around the world are slowing down.
Technically in many of the major stocks we still have red monthly Trade Triangles indicating that the trend is still down longer-term. The same holds true for the major indices where we are still seeing monthly red Trade Triangles.
At the end of last week, I indicated that I expected this week to be choppy and range bound, as the major indices have all reached major Fibonacci resistance points. I expect the indices to turn back down after a week or two. I still hold to that belief and want to watch these markets very carefully looking for an entry point to go short. Continue reading "Getting Ready For The Next Big Move"→
Hello traders and MarketClub members everywhere! In today’s video, I will be checking out 10 very popular stocks too see if they've lost their market mojo and are experiencing a lack of interest from investors.
Now, by no means am I saying that these stocks are going to deteriorate in the next week. I am simply looking at these stocks to see if their recent market action is presenting some question marks in the minds of investors. All of the stocks I will be covering today are well-known, heavily traded stocks that have been trading for a while.
Hello traders everywhere, Adam Hewison here, I hope you all had a great weekend and are ready to start another exciting week of trading. As we start this week, we want to first look at Apple (NASDAQ:AAPL). You may or may not be aware that Apple officially split it shares over the weekend with a 7:1 stock split. That means for every share of Apple, you now own seven new shares at a lower price. It seems like Apple is angling for a spot in the DOW. This morning we adjusted our chart scale to reflect the 7:1 split for Apple and show the new share value. We will take a closer look at Apple and see if it is worth buying at its new levels.
Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your market Outlook for 2014.
Well, here it is 2014, and I would like to wish all of our members, friends and traders around the world a very happy and prosperous new year.
Let's start with the indices which had a spectacular year in 2013, in fact, it was their best year since the mid-90s. Are we likely to see those same returns in 2014? I seriously doubt the indices are going to see double digit growth like they experienced last year. What I do expect to see are much more volatile markets as the Fed begins to extricate itself from its grand experiment. It certainly is not clear to anyone that we are going to get out of this "grand experiment" without any pain. You look at a stock like Netflix (NASDAQ:NFLX), which was certainly the star performer last year managing a gain of 296% for the year, can that continue?
According to a recent poll our blog at least a 50% of the voters expected the trend to continue in 2013. I'm not so convinced, but I would like to see what the Trade Triangles say and go with that strategy in 2014. Continue reading "It's 2014, Now What?"→
Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Friday, the 20th of December.
Amazon (NASDAQ:AMZN) moved over the $400 a share level for the first time in its history. I have been positive on Amazon since June 7th of this year, when the monthly Trade Triangle kicked in at $277.40. It is clear now, to almost everyone, that Amazon is the 900lbs gorilla in the retail space. It's going to be almost impossible to dislodge them from this position, in my opinion. Certainly the new generation of shoppers are going to bypass the Walmarts (NYSE:WMT) and the Targets (NYSE:TGT) of the world, especially when you think of the security breach that took place at Target just recently. I expect Amazon to trend higher.