Tag: Fibonacci

Bernanke Blinks And Addiction Goes On

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 19th of September.

I have been saying for some time that the Fed is not going to do anything until January 2014, when there will be a change in the chairmanship. It goes back to that fundamental human trait of "wanting everyone to like me." I think Ben Bernanke wants to be seen as a benevolent Fed chairman when he retires in 2014. This is classic Washington politics, where the Fed chairman gives a very gracious speech saying that it's been a challenge and he enjoyed his time as chairman of the Fed, but he'll leave out the part where it's not his problem now.

Whoever becomes the next Fed chairperson will face monumental challenges trying to extricate the country out of this spending binge and gluttony of cheap money. I suspect that had the Fed known they would be no further forward in 2014 when they took this quantitative easing course four years ago, they would have chosen another course of action to stimulate the economy.

Here is a quick question for you, how many zeros are in $1 trillion? Continue reading "Bernanke Blinks And Addiction Goes On" →

Is Apple A Buy At These Levels?

Posted on by The INO.com Team

appleThe price action last week and today in the stock of Apple was reflecting the perception that Apple's new offerings were not up to par and offered no major breakout technology. The press and the general markets were generally negative on Apple's latest offerings. The new iPhone 5S and 5C have been largely pooh-poohed in the media.

I think the market has overreacted in the sense that no company, not even Apple, can keep coming out with groundbreaking technology with every press event they host. I believe the market has overlooked the fact that these are very strong offerings and that Apple has a loyalty base like no other company on the planet, myself included.

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The security fingerprint technology that Apple introduced is quite remarkable, and lends itself to so many other applications. Security is going to become more and more important to even the average smartphone or tablet user in the future. Apple's introduction of this technology is going to be very important in the corporate and enterprise world and may send a crippling blow to Blackberry. Fingerprint security could be used in so many yet-to-be-discovered applications for financial transactions and online commerce. It has an enormous future, but the market just hasn't recognized it yet.

As a reader of this blog, you know I look at the market on a technical basis and one of my technical indicators is telling me that Apple may be close to a turning point. The Williams%R indicator, shown in the form of yellow lines on today's chart, indicates the cyclical pattern of Apple and shows that this market is very oversold. Apple has also pulled back to an area of previous long-term resistance. This resistance area should now act as support.

The stock of Apple has also pulled back to our major trend indicator, which remains bullish. This is not so unusual to have a retest of the long-term Trade Triangle signal, in Apple's case at $465.75. The current pullback in Apple is approximately a 50% retracement and is a Fibonacci support area.

This week I expect Apple to begin to find support around current levels, give or take $5 to $10. I believe that Apple is close to an important cyclic low period and the roll out on Wednesday of Apple's IOS7 system could be the catalyst to once again turn Apple to the upside.

What do you think?

Feel free to leave a comment.

Adam Hewison
President, INO.com
Co-Creator, MarketClub

Stocks Soar With Summers' Exit

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 Monday, the 16th of September.

News that Larry Summers was withdrawing his name for consideration as the next Fed chairman sent stocks soaring overnight in Asia and Europe. When the US markets opened, it followed through and helped push many stocks to new highs. Today I will be looking at the indices and certain stocks that I think are worthy of your consideration.

I will also be looking at Netflix (NASDAQ:NFLX) and Pandora Media (NASDAQ:P). Can they still grow and make money? Continue reading "Stocks Soar With Summers' Exit" →

Apple Tanks and The NASDAQ Sinks

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 Wednesday, the 11th of September.

There is no question about it, most analysts did not like Apple's press conference yesterday and viewed it as a very disappointing event.

But what really happened? Apple (NASDAQ:AAPL) came out with some stellar upgrades such as moving to 64bit architecture and software updates in what I consider to be the best operating system on the planet for mobile. They also unveiled a fingerprint technology that reaches a whole new level of security and puts Apple way ahead of most companies. I think this type of technology could be a Trojan horse for Apple in the corporate world. It also opens up a whole new market for Apple where security is essential, for example, think of online banking transactions. If that was not enough, Apple is also giving away their iWork software to new iPhone buyers. Continue reading "Apple Tanks and The NASDAQ Sinks" →

7 ETFs To Buy Today

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 Monday, the 9th of September.

Finding winning trades among literally thousands of stocks used to be difficult and time consuming. Now, thanks to high-speed computers, that task is so much easier. One of the many things I like about MarketCub is its ability to sort through thousands of symbols with just a few mouse clicks.

nasPersonally, I like to see ETFs that have good volume and I do not trade in markets that trade less than a hundred thousand shares a day. It is too easy for a market like that to be manipulated by a few players. Like everybody else, I don't like to be manipulated.

Today, I found seven ETFs that show potential buy signals using our Trade Triangle and Smart Scan technology. I'll show you how I used our scanning tools and share with you what ETFs I found in this video. Who knows? These ETFs could be just right for your portfolio. Continue reading "7 ETFs To Buy Today" →