Ouch, Yesterday Was An Expensive Day For Many Investors

Posted on by The INO.com Team

Has the market topped out?

For the last couple weeks, I have been somewhat skeptical of this market and whether it could keep on moving higher. Yesterday, we witnessed a collapse of several major stocks that were pushing this market higher particularly in the NASDAQ sector.

According to our Trade Triangles, you should get out of the NASDAQ and S&P 500 as they both are showing weekly intermediate-term trends that have turned negative. The DOW is the only index that is holding up so far. The red line for the DOW this week is 16,937 and should the DOW break below that area, it would put all three major indices in an intermediate downtrend.

The following stocks show intermediate downtrends (red weekly Trade Triangles) and unless you are a long-term investor, you should be on the sidelines in these stocks.

Apple Inc. (NASDAQ:AAPL)
Amazon.com Inc. (NASDAQ:AMZN)
eBay Inc. (NASDAQ:EBAY)
Yelp Inc. (NYSE:YELP)
Tesla Motors Inc. (NASDAQ:TSLA)
Netflix Inc. (NASDAQ:NFLX)

To find out if your stock is in trouble, check out the talking chart symbol on the top of every chart. Learn more here.

Now is the time for caution and not bold moves, in my opinion.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

7 thoughts on “Ouch, Yesterday Was An Expensive Day For Many Investors”

  1. Good day Jeremy. Time for a contrariun . Two commodities. The world is using more silver and uranium then is being produced. We know supply and demand works. I believe this Cannot last without the prices going up. Can we get some articles on these two commodities in the future? Many thanks. A.R.S.

  2. What do you think about the silver market? You don't seem to cover it any more , At least its not covered on the vidio.

  3. The past few days I have spent writing to various investor publications that I have subscribed to the past year. I notified them of my total dissatisfaction with their services. I will not relate all my complaints to you at this time but after studying the markets and these so called advisers ,it has come very clear how few publications actually know how to help the investor. INO.com has proven to be more concerned and provided better insight to the markets and individual equities then almost all the others . I also like Harry Dent's Boom and Bust because I do believe in demographics and mega trends. I also like Seeking Alfa to get a cross section of comments on same subjects reporting. So,consider this a positive letter for your company and I will continue to watch your writings. Many thanks. A.R.S.

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