If you missed Adam on CNBC Asia's Cash Flow with Oriel Morrison and Bernie Lo during last night's (10/16/13) historic vote to reopen the government, we have the video for you to watch. Watch as Adam discusses Apple's upcoming event on October 22nd (NASDAQ:AAPL) along his views the Facebook (NASDAQ:FB), and Amazon (NASDAQ:AMZN).
Tag: adam hewison
Is Google losing its mojo?
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 16th of October.
Tomorrow, Google (NASDAQ:GOOG) announces its long awaited earnings and I thought I'd take a look at this stock today before tomorrow's big announcement.
There are some interesting developments in Google (NASDAQ:GOOG) that have largely gone unreported. I will be using our Trade Triangle technology to point out these discrepancies to our viewers.
Of course, the Democrats and Republicans clawing at each other as they try to beat the deadline on the 17th is the big unknown for the market. My best guess is that there will be a deal that no one likes and the politicians will agree to "kick the can down the road" until next year.
Please feel free to leave a comment and share your thoughts on the markets or if you dare, Washington politicians.
Have a great trading day,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.
How to successfully swing trade using MarketClub
Swing trading has been popular for years amongst professional traders. It is a type of trading that tries to catch the various up moves and down moves in a market over the course of a few days to a few weeks. Unlike a longer term trend trader, a swing trader typically uses technical analysis to identify markets with short term momentum.
Swing trading can be a good trading style for beginner traders, as it offers a middle ground between day trading and long term trend trading. However, it can still offer the potential for significant profits for more advanced traders.
One of the key elements to successful swing trading is determining the direction of the major trend. This can be done easily using MarketClub's Monthly Trade Triangle. A green Triangle represents an uptrend and a red Triangle represents a downtrend. Using the chart for SunPower (NASDAQ:SPWR), you can see the green Monthly Trade Triangle was established on December 10, 2012, and has stayed in place for all of 2013.
Since the major trend is up for SunPower (NASDAQ:SPWR), it might be a good candidate to successfully swing trade. How far a market pulls back from a high and subsequently breaks over the previous high, can be used to determine how far that price swing will go. For example, if the price was 10 and the market pulled back to 5, the difference between 10 and 5, is 5. If the market subsequently moved over the previous high of 10, then you would add 5 to 10 and have a target zone of 15.
On the chart, you will see the numbers (1) through (5). Next to the number you will see a price point, which represents the highest stock price closing for that particular swing.
At (1), the price point was $22.66. The market then fell to (2) which represents a drop in price of $4.71.
Now, you simply add the price drop of $4.71 to the high price at (1) $22.66, which gives you a new swing point objective of $27.37.
At (3), the price point was $28.09. The market then dropped back to (4) $20.61, which represented a pullback of $7.48.
Now, the market has already moved through (3) $28.09, which is where we add on the pullback amount of (4) $7.48 to (3) $28.09. This produces our next target zone of $35.57.
We will see in the future if that level is achieved.
I hope you are able to apply this suggested method to other markets as well.
As always, I appreciate hearing back from you with your thoughts and ideas on different markets. Until then, I wish you every success in the marketplace.
All the best,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
Are we headed for a financial Armageddon? I don't think so
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 14th of October.
It's day 14 of the government shutdown and it's certainly getting down to crunch time where someone is going to have to blink. I think both parties know how angry the populace is with their childish behavior. In my opinion, the National Park Service should be fired for what they did with the open air monuments.
Last week's market didn't close badly with the expectation that we would have a resolution in place this past weekend. That was not to be case and the major indices are lower this morning.
UPDATE: Apple (NASDAQ:AAPL) flashes a major buy signal. Continue reading "Are we headed for a financial Armageddon? I don't think so"
WTF - It's not what you think
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 11th of October.
I first learned about the real meaning of WTF while I was a member of the Chicago Mercantile Exchange, back when I was trading in the pits, standing shoulder to shoulder with some of the smartest traders in the world.
It was back when the movie Star Wars was all the rage and George Lucas was at the height of his very successful, creative career. The iconic line from the movie that struck a cord with everyone was, "May the force be with you."
How that quote made it into the trading pits of Chicago will always be a mystery to me. The members of the exchange took WTF, a slang term, and translated that to stand for "What's The Force?", loosely interpreted to mean, is the force up or down for the market? This term was especially common on Fridays when traders had to decide whether they were going to hold or fold their positions over the weekend.
So I say to you this Friday, WTF? Continue reading "WTF - It's not what you think"
