It seems all we can talk about in the markets are the ongoing Greek charade or the next talking point China. You will hear no end of experts telling you what they think of Greece and China and what will happen if this or that takes place. The reality is, no one knows for sure what's going to happen.
My advice, simplify, simplify, simplify. Keep it simple as the market doesn't pay you more for overthinking. In fact the market doesn't care what you or anyone else thinks, it's going to go its own way no matter what.
And that's the beauty of the Trade Triangle technology it doesn't over think the markets. In fact it doesn't think at all it's an algorithm.
To the best of my knowledge, no one predicted the recent weakness in crude oil. As everyone knows usage tends to be high in the summer months when people travel for vacations.
Remember I said no one knows, however, the Trade Triangle technology is an unbiased algorithm that literally goes with the flow and does not overthink any situation. You only have to look at a chart of crude oil to see just how this simple unbiased approach has performed. The Trade Triangles have made close to a 150% return in the last eight days based on latest Trade Triangle signal. That represents a gain of about $6,000 per contract in just over a week, and that's not listening to anyone except what the market is telling the algorithm!
So when it comes to investing and trading look no further than MarketClub's Trade Triangle technology as it will over time far outperform most of the so-called experts out there.
Today, I will be looking at two stocks that gave important buy signals yesterday.
They are:
Teva Pharmaceutical Industries Limited (NYSE:TEVA) with a buy signal @ $61.62.
Teva Pharmaceutical Industries Limited develops, manufactures, markets, and distributes generic, specialty, and other pharmaceutical products worldwide. The company operates in two segments, Generic Medicines and Specialty Medicines. The Generic Medicines segment offers generic or branded generic medicines; specialized products, such as sterile products, hormones, narcotics, high-potency drugs, and cytotoxic substances; and active pharmaceutical ingredients.
Opko Health Inc. (NYSE:OPK) with a buy signal @ $16.59.
OPKO Health, Inc., a biopharmaceutical and diagnostics company, engages in the discovery, development, and commercialization of novel and proprietary technologies in the United States and internationally. It operates through two segments, Pharmaceuticals and Diagnostics. The company develops various solutions to diagnose, treat, and prevent various conditions, including point-of-care tests, molecular diagnostics tests, laboratory developed tests, and proprietary pharmaceuticals and vaccines.
Both of these stocks have many technical indicators besides the Trade Triangles in positive positions. For example, the RSI is the above 50 and the MACD has just crossed over from a low point for both TEVA and OPKO. I see both of these stocks moving higher.
In addition to TEVA and OPKO, I will be looking at all three major indices, crude oil and gold. I will also be taking a quick look at the euro in light of what's going on in Greece.
Thank you for all your comments and questions last week. We at MarketClub very much appreciate hearing from you.
Have a great trading day everyone.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
China is the classic example of a bubble that's bursting. Looking at the weekly chart, you'll see that China's stock market had gone parabolic and is now deflating at an even more rapid rate.