Apple and China Mobile - YES!

One of the stocks I track on regular basis is Apple (NASDAQ:AAPL) and yesterday the market action in that stock was quite remarkable. From the opening bell, there was an unusual amount of buying that continued throughout the day creating the highest volume day in this stock in over 20 days. This is highly unusual just before a holiday when volumes tend to fall off. This is a wake up call and leads to speculation that the insiders know something that is not public knowledge and will be positive for Apple.

I was digging around on the Internet yesterday evening and noticed that next month, December, China Mobile is going to be launching a brand new mobile service. This immediately got me thinking about an iPhone deal. I believe that this deal is going to occur and that will open up Apple to a huge market base of over 750 million people who subscribe to the China Mobile service. Continue reading "Apple and China Mobile - YES!"

What's Ahead For Gold In 2014?

Today, I'm going to analyze the gold market and in particular the spot gold market, which really drives everything in gold trading.

In 2013, gold turned out to be a real loser for the gold bulls, dropping some 20+ percent on the year and the year is not over with. While equities soared, the gold markets swooned and didn't receive any love from anyone. In fact, many of the big players like Soros, John Paulson and other large hedge fund managers began dumping their GLD ETF holdings just recently, as they too have had enough of the yellow metal's antics. All of this weighed heavily on the price of gold.

Continue reading "What's Ahead For Gold In 2014?"

It's The Market Nobody Loves

Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Monday, the 25th of November.

As we start off this shortened Thanksgiving trading week, the bulls have a lot to be thankful for. This has been a very profitable year for trading stocks from the long side.

It would appear as though a great many well-known money managers have missed being fully invested during the stock market's latest move for one reason or another. Are these same money managers going to jump into the market before year's end? And if they do, is that going to improve their returns for their funds? So will they or won't they jump into a market that nobody loves? Continue reading "It's The Market Nobody Loves"

Game On! The Dow Closes Over 16,000

Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Friday, the 22nd of November.

With yesterday's record high close of 16,009.99 in the Dow (INDEX:DJI), it would appear as though the stage is set for further gains in this index. Many of the stocks that make up this index are doing very well, stocks like Intel (NASDAQ:INTC), American Express (NYSE:AXP), Bank of America (NYSE:BAC), Walt Disney (NYSE:DIS), Home Depot (NYSE:HD), JP Morgan (NYSE:JPM) and so on. Only one stock in the Dow 30 Index appears to be in a full negative trend according to the Trade Triangles and that stock is Cisco (NASDAQ:CSCO).

Loading the player...

Continue reading "Game On! The Dow Closes Over 16,000"

Has Crude Oil Bottomed Out? Maybe.

Today, I am going to take an in-depth look into the world of crude oil. The question on most traders' minds is, has this market finally bottomed out?

As you can see on the chart, crude oil prices have been had been steadily moving higher for the most part of this year, until they peaked in September. We see (1) a strong supporting trend line which hit three places on the chart, making it a valid trend line of some importance. This trend line was dramatically broken in October and since then, the price of crude oil has fallen from over $100 a barrel to around the $94 a barrel level. Two events indicated this could happen, the (2) double top and divergence on the chart and (3) the divergence on the RSI indicator. Continue reading "Has Crude Oil Bottomed Out? Maybe."