If you haven't noticed it around you in public or the news, Pokémon Go is the craze that is sweeping the nation. Now you may be saying to yourself, why is he talking about Pokémon? Well, I have two reasons that I'll lay out below.
The first reason is social interaction and getting outside. My wife and I were out in downtown Annapolis last night enjoying a beautiful evening by the water when my wife said, "what are all these people doing walking around looking at their phones? It's like the zombie apocalypse." This statement cracked me up as I looked around. She was right, there were a bunch of people walking around. I then explained to her the new Pokémon Go craze and how the game had just been released. We decided to sit back and watch as this was going on and a few things stood out to me.
1. At least 90% of the people at city dock were playing this game. And a lot of them were clearly down there to specifically play the game. This has a couple of effects on people and the economy of the area. People are outside getting exercise whereas they may normally be inside watching tv or so on and the local businesses are undoubtedly making more money than normal with the larger than average crowds. Continue reading "Have You Caught 'Em All?"→
When I was combing through the recent Trade Triangles scan this morning, two stocks jumped out at me. These two stocks have been in disfavor with investors and were generally cast aside by the general public.
The first stock I will be looking at today is Yelp, Inc. (NYSE:YELP). This stock traded over the $100 level back in the first quarter of 2014. Since that time the stock has generally eroded and recently traded down to the $20 area. This morning, Yelp triggered a buy signal with a green monthly Trade Triangle at $27.70. This signal represents the first monthly signal since 10/13/2014 when a red monthly Trade Triangle was triggered at $64.70. I have an upside target for Yelp of $40, which represents a 61.8% Fibonacci retracement. Continue reading "Two Stocks That Deserve Your Attention Today"→
One of the tools I really like about MarketClub is the Trade Triangle technology. Yesterday, the Trade Triangles alerted me to three potential stocks that could become big winners in the near term. Each of these three stocks flashed major buy signals on Monday, based on the monthly Trade Triangle indicator.
What is also interesting, is the fact that each of these three stocks are coming from powerful chart formations. The technical picture augers very well for these stocks to continue their upward trend.
In today's short video, I'll focus on each of these stocks and show you what the potential is on the upside. I'll also share with you the risk to the downside.
Always remember, there are no guarantees in trading. I'm sure you know that by now. If you don't, consider yourself educated with the truth.
As always I appreciate your feedback and comments below every blog posting. You can agree or disagree with my findings, but do share with us your reasons why.
Every success with MarketClub, Adam Hewison