Tag: Gold (FOREX:XAUUSDO)

The Trade Triangles Spotted Trouble With Wells Fargo 12 Months Ago

Posted on by The INO.com Team

Hello MarketClub members everywhere. No doubt by now you have heard of all the problems Wells Fargo & Company (NYSE:WFC) is having in creating fictitious, and I would say illegal accounts. What you probably didn't know is the fact that the Trade Triangles picked up problems with Wells Fargo on August 21, 2015, when the stock was selling at $54.45. That was over 13 months ago, and the news is just now hitting the market.

MarketClub's Mid-day Market Report

The Trade Triangles provide an entirely unbiased opinion of all the markets. Many times people on the inside know there's a problem and that problem manifests itself in price action. That is where the Trade Triangles shine. Continue reading "The Trade Triangles Spotted Trouble With Wells Fargo 12 Months Ago" →

Stuck In The Twilight Zone

Posted on by The INO.com Team

Hello MarketClub members everywhere. It would seem as though the markets are stuck in a twilight zone not knowing whether to go up or go down. This has been the case for a few months now and when we go through periods like this in the market, one has to say to oneself, "be patient and wait for the opportunities to come up," they always do.

MarketClub's Mid-day Market Report

Today's keyword is patience.

The way to look at the markets when they move into a choppy period is to look at the big trends. The odds favor a resumption of a market's major trend. It doesn't always work out that way, but if you're betting with the odds, it is the way to go.

Here are the major trends for each of the major markets according to the Trade Triangle technology based on last Friday's close. Continue reading "Stuck In The Twilight Zone" →

How One Tech Companies Misfortune Was A Blessing For Apple

Posted on by The INO.com Team

Hello MarketClub members everywhere. Yesterday's mandatory recall of all of the Samsung's 7 Note devices is a huge blow for Samsung. Up until yesterday, Samsung was trying to recall and replace batteries that were overheating and causing fires and were a danger to the public and transportation systems everywhere. With this news, the stock of Samsung collapsed literally, and Apple's stock price soared.

MarketClub's Mid-day Market Report

What is interesting is that Apple begins delivery of its new iPhone 7 today. I can't help wondering if there wasn't some political maneuvering behind the scenes in this recall move. Yesterday, the US Consumer Product Safety Commission announced a full recall of the Galaxy Note 7 products in conjunction with Samsung. The formal recall covers about 1 million devices.

The exact wording that the US Consumer Products Safety Commission used was as follows: "Consumers should immediately stop using and power down the recalled Galaxy Note 7 devices purchased before September 15, 2016". Samsung's stock price started slipping on September 9 after what has been a pretty good year for this stock. The big question is how much damage has been done to this mega electronics companies reputation and can it come back to its former glory? Continue reading "How One Tech Companies Misfortune Was A Blessing For Apple" →

Gold & Silver: Consolidation

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


Old wisdom says that patience is the key to success. We can see in the charts below that both metals are in a time-consuming consolidation mode. Only patient traders could survive in this situation as see-saw moves play on our nerves.

Chart 1. Gold Daily

Daily Gold Chart
Chart courtesy of tradingview.com

The gold hit a maximum at the $1375 mark this July and couldn’t advance higher. It dropped to the $1310 level at the end of the same month. Another zigzag to the upside was deemed to be a continuation of the bullish move, but it stopped below the July top at the $1367 mark. The next drop hit the $1302 level below the July’s low. The metal has reversed to the upside again and shaped another lower top at the $1352 level last week. I put an orange declining channel to isolate the consolidation for the comfort of your eyes. Continue reading "Gold & Silver: Consolidation" →

Haven't We Seen All Of This Before?

Posted on by The INO.com Team

Hello MarketClub members everywhere. There is no doubt about it Friday's move was sharp and painful for many investors. However, if you are following the Trade Triangles you were out of the market and on the sidelines based on the red weekly Trade Triangle's that were indicating potential problems for all the major indices.

MarketClub's Mid-day Market Report

Looking back, Friday's move looks very similar to the move we saw on June 24 of this year when the market dropped dramatically on a Friday only to open lower on Monday. The markets then reversed themselves and moved up and made back all their losses in just four or five days.

The big question is, is this going to be a repeat of last June? Continue reading "Haven't We Seen All Of This Before?" →