Tag: dow

Daily Video Update: Can Apple save the market?

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 24th of July.

After the close today, Apple reports its earnings for Q2 and expectations as always, are very high for Apple. Should Apple just meet those expectations, we think it will be a negative for the market. Should Apple exceed those expectations wildly on the upside, then we think it will give a bump to the tech sector, but it will be temporary. People are not buying iPhones right now as everyone is waiting for the new iPhone 5 to make its debut. The iPhone 5 is scheduled to come out later this year.

Cyclically we see the general market under pressure and to the downside for the balance of the year. Continue reading "Daily Video Update: Can Apple save the market?" →

Daily Video Update: Black Monday or a Buying Opportunity?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 23rd of July.

With all eyes on Spain and the dismal performance in Europe this morning, US equities are under heavy pressure. The question is, is this a buying opportunity? We don't think so. As we were saying all last week, the equity markets are coming off a cyclic high period and should be on the defensive for most of this week.

Many companies will be reporting earnings this week, including Apple and Facebook. Continue reading "Daily Video Update: Black Monday or a Buying Opportunity?" →

Daily Video Update: "It's the economy, stupid"

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 20th of July.

"It's the economy, stupid" is a slight variation of the phrase "the economy, stupid" which James Carville had coined as a campaign strategist of Bill Clinton's successful 1992 presidential campaign against sitting president, George Bush. Fast forward to 2012 and it's the economies of the world that are stupid and on the skids.

We are coming to the end of the week and it looks like once again the Euro is on the ropes. Watch this market closely today, as it may provide an excellent weekend rule, short trade. The most recent lowest weekly close for the Euro was 1.2212 and that was eight weeks ago! A close below that level today should put downside pressure on the Euro on Monday and Tuesday.

I would also watch the banks closely. The lowest week ending close we have seen in Bank of America was 7.01 on the trading week ending May 19th. A close below that level today will bring in another round of renewed selling. Continue reading "Daily Video Update: "It's the economy, stupid"" →

Daily Video Update: Are we in a bull or bear stock market right now ?

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 18th of July.

Depending on who you speak to, the stock market is either going to fall off a fiscal cliff or the stock market is going to make new highs.

The truth lies somewhere in between. Right now, the markets are in very broad trading range without any clear-cut trend. The intermediate-term trend is positive, however that trend is tempered by the longer term trend that we follow. The long-term trend indicates that the stock market remains in a bear market and that the current rally is just a counter-trend rally in a bear market.

So who is right? Well, the one thing I can guarantee is that the market is always right eventually. Continue reading "Daily Video Update: Are we in a bull or bear stock market right now ?" →

Daily Video Update: New week, same old problems

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 16th of July.

As we start this new trading week, we still have a myriad of problems that haven't gone away. This morning, Citi Bank announced their earnings for the second quarter. Earnings exceeded expectations, but fell short on revenue.

Technically, the banks are locked in a broad trading range and we are at the upper levels of that range at the moment.

Disappointing retail sales this morning underscore the still fragile psyche of the American consumer. Consumers continue to struggle with the uncertainty of the upcoming elections. At the same time, the world economy continues to muddle through fiscal austerity that is going to infect Europe and the markets for sometime to come. Continue reading "Daily Video Update: New week, same old problems" →