Tag: dow

Today's Video Update: Facebook Is Coming Out With a Smartphone - Give Me a Break

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Thursday, the 4th of April.

FACEBOOK IS COMING OUT WITH A SMARTPHONE - GIVE ME A BREAK!
Is Facebook (FB) becoming irrelevant? Even Facebook said in its annual report back in February 2013 that “younger users” were engaging in other products “as a substitute for Facebook.” I can second that, as my children only use Facebook very occasionally. In fact, teens are really flocking to Twitter, Snapchat, WhatsApp, GroupMe and Kik, real-time messaging services that were born out of the mobile phone revolution. Is it all over for Facebook, or should you be in this stock at all? We will be looking at this market using our Trade Triangle technology to answer that question. Continue reading "Today's Video Update: Facebook Is Coming Out With a Smartphone - Give Me a Break" →

Today's Video Update: Rearranging The Deck Chairs On The Titanic

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 2nd of April.

Rearranging The Deck Chairs On The Titanic
Yesterday, it was reported that a “a company owned by in-laws of Cypriot President, Nicos Anastasiades, withdrew millions from Laiki Bank on March 12 and 13," according to an article published in Cypriot newspaper, Haravgi. Today we are learning that Michael Sarris, the finance minister of Cyprus, has resigned. I expect we will be seeing more revelations coming out of Cyprus in the days and weeks ahead. I believe that Cyprus is the tip of the iceberg and is the catalyst of destruction in Europe. With unemployment in Europe officially at 12% and unemployment for young people in Spain at 55%, one can only think it's a matter of time before things erupt into civil disobedience. Europe cannot grow itself out of this mess and the austerity measures being demanded provide little to no hope for Europe to survive. Under its present economic and political circumstances, I think it's only a matter of time before the ship goes down with no lifeboats! Continue reading "Today's Video Update: Rearranging The Deck Chairs On The Titanic" →

Today's Video Update: Holding the euro is like holding an ice cube in the desert

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 28th of March. Which happens to be the last trading day of the 1st quarter.

HOLDING THE EURO IS LIKE HOLDING AN ICE CUBE IN THE DESERT
The only way I can describe the euro is like this... imagine you're in the middle of the desert holding an ice cube and watching it slowly melt through your fingers. That is what's happening to the euro and the euro zone. It is slowly melting away. The Trade Triangles are negative and continue to point to lower levels for the Euro v. the U.S. Dollar. A close around the 128 level will be the lowest close seen for the euro in the last three quarters. Continue reading "Today's Video Update: Holding the euro is like holding an ice cube in the desert" →

Today's Video Update: The Banks in Cyprus Reopen Tomorrow, Now That's a Scary Thought

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 27th of March.

The Banks in Cyprus Reopen Tomorrow … Now That's a Scary Thought
No matter how the banks reopen tomorrow, it's not going to be pretty. We are expecting to see chaos, fighting, arrests and the media, broadcasting to the world how crowds react when they lose most, if not all, of their money. If you haven't yet read "Extraordinary Popular Delusions and the Madness of Crowds," I highly recommend it. It is a history of popular folly by Scottish journalist, Charles Mackay, first published in 1841. Continue reading "Today's Video Update: The Banks in Cyprus Reopen Tomorrow, Now That's a Scary Thought" →

Today's Video Update: Goodbye Yellow Gold, Hello Black Gold

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 26th of March.

Goodbye Yellow Gold, Hello Black Gold
The gold market continues to frustrate the bulls and confound conventional wisdom. The market action yesterday and early today can only be seen as negative. With both our weekly and monthly Trade Triangles red, we see no reason to get excited about gold moving higher at the moment, so for now say goodbye to yellow gold.

On the other side of the ledger, say hello to black gold. Yesterday our weekly green Trade Triangle kicked in and gave a buy signal in the crude oil market. Yesterday's buy signal was in line with the longer-term monthly Trade Triangle, which has been bullish and in place for quite some time. We see the renewed bull market in crude oil continuing from here based on our Trade Triangle technology. With gasoline and crude oil prices moving higher, it does raise concerns about gas prices. If gas prices become so expensive, is that going to derail the economy? Continue reading "Today's Video Update: Goodbye Yellow Gold, Hello Black Gold" →