Tag: trade triangle technology

Big Moves Can Start When You Least Expect Them

Posted on by The INO.com Team

Now that the Thanksgiving holiday is over and we're entering December, traders should take extra care. Historically markets can move rather dramatically in December as trading volume thins out when traders start closing down their trading mindset and move out of the markets and into holiday mode. You do not want to start swinging for the fences to try to make your year in December, the odds are against you.

In addition to looking at the markets in general today, I'm going to take an in-depth look at the gold market. Everyone seems to be bearish on gold and what I have noticed over my trading career is that when everyone feels the same way about a market and is on one side of the trade, watch out!

That is the way the mood is right now for gold and there could be a sharp reversal as the shorts, that is the folks who sold gold short hoping to buy it back at a lower price, scramble to cover (buy back) their short positions. Continue reading "Big Moves Can Start When You Least Expect Them" →

Can Earnings Be Predicted?

Posted on by The INO.com Team

Today, I'm going analyze three stocks that are releasing their earnings after the close today. I'm going to see if I can determine where the stock is headed after earnings.

I'll be using the Trade Triangle technology to help me analyze the direction of the market in a very methodical way, all before the companies report their earnings.

Here is what the experts are estimating for earnings for each of the three companies. Autodesk Inc. (NASDAQ:ADSK) estimated to earn .08 cents a share. The Fresh Market Inc. (NASDAQ:TFM) estimated to earn .22 cents a share and The Gap Inc. (NYSE:GPS) estimated to earn .63 cents a share. The earnings are a consensus view of many analysts that track these stocks. Continue reading "Can Earnings Be Predicted?" →

Two Stocks That Deserve Your Attention Today

Posted on by The INO.com Team

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" →

Did Yesterday's Rally Cause A Reversal In The Market?

Posted on by The INO.com Team

While the rally yesterday was dramatic and to the upside, I don't believe that it was enough to reverse the decline set by the previous weeks drop. Yesterday, The Trade Triangle's indicated that a move to the sidelines was in order and a neutral stance should be adopted. I feel that is the optimum position to have at the moment.

Many of the indices are now back to an area that should provide some resistance to yesterday's rally. One of the things I will be watching closely this week is how the markets close on Friday. Especially with next being be a short and abbreviated trading week because of Thanksgiving.

Overall, 2015 was not a good year for hedge funds. I made that statement before, but several major hedge funds have dramatically reduced their exposure to stocks, I think this is a smart move as I still feel as though this market is undecided as to which direction it wants to go. Continue reading "Did Yesterday's Rally Cause A Reversal In The Market?" →

Can MarketClub's Trade Triangle Technology Predict Earnings?

Posted on by The INO.com Team

Today, I'm going to investigate whether or not MarketClub's Trade Triangle technology can predict stock earnings.

To do this I randomly chose 7 stocks that just reported their Q3 earnings. Here are the rules I followed for taking or not taking a position in a stock before a company announced its earnings.

Long And Short Rules

Use the Trade Triangle technology to determine how you would have been positioned in each stock before they announced their earnings. You are looking for uniformity between the monthly and weekly Trade Triangles, i.e. a matching monthly and weekly green Trade Triangle would indicate holding a long position before an earnings announcement. Conversely, a matching monthly and weekly red Trade Triangle would indicate holding a short position before an earnings announcement.

Sideline Rules

When there is a conflict between the weekly and monthly Trade Triangles, a sideline position is in order. For example, if a monthly Trade Triangle is green and the weekly Trade Triangle is red, it would indicate a sideline position.

Here are 7 stocks that just announced their earnings: Continue reading "Can MarketClub's Trade Triangle Technology Predict Earnings?" →