Tag: Gold (FOREX:XAUUSDO)

Netflix - Trust The Force

Posted on by The INO.com Team

Hello traders and MarketClub members everywhere! Today, gold (FOREX:XAUUSDO) gave a buy signal at $1207.59, basis the spot market. You could now be long the gold market if you are a short-term trader.

Many of you may remember that Q1 was a difficult quarter for the Internet portfolio, due mainly to a loss in Netflix Inc. (NASDAQ:NFLX). Well, I'm happy to report that the Trade Triangle approach has come through once again and made back all of the previous quarter's losses in Netflix.

For those of you old enough to remember the iconic "Star Wars" series, where the old Jedi Master, Obi-Wan Kenobi, calmly instructs Luke to "trust the force." Only in our case, we trust the Trade Triangle technology. Eventually, they get it right and they will reward you. Netflix is a great example of that today. Continue reading "Netflix - Trust The Force" →

Gold and Silver: Short "Short" Play

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


Gold

4H Gold Chart
Chart courtesy of Tradingview.com

As seen in the above 4-hour chart, Gold has finished shaping a short term reversal pattern we've seen before, called a Head And Shoulders pattern. This pattern was confirmed on the RSI where the model is even more bearish as consequent lower highs were shaped.

The vertical neckline, highlighted in black, has been broken today below $1197 and this is a good sell signal. The target is the distance from the top of the head to the neckline, subtracted below the neckline. So the market aims for $1159 (highlighted in the red dashed horizontal line), which is $35 down from the current price at $1194. Continue reading "Gold and Silver: Short "Short" Play" →

European Stocks Soar As The Euro Sinks

Posted on by The INO.com Team

As yields on bonds and interest rates trend lower, investors around the world are looking at equities to save the day.

It doesn't matter if it's Europe or Asia, equities have been in a strong upward trend - just the opposite of what has been happening to interest rates. Can this trend continue? The answer may surprise you. Just this morning it was released that 52% of America is not in the U.S. stock market, they are not in mutual funds, nor do they have an IRA account.

That's an awful lot of firepower that is still on the sidelines that potentially could move into stocks. Here's my concern, these are largely uneducated investors and that could cause problems for the market down the road. Continue reading "European Stocks Soar As The Euro Sinks" →

All Eyes On Apple

Posted on by The INO.com Team

Hello traders and MarketClub members! It's April and this is when we're going to see just how well many of America's major corporations fared in the first quarter. At the moment, the market needs some stimulus to move higher and good earnings could provide the jolt that is needed to push it to new highs.

The market appears to be trapped in a broad trading range and that is largely reflected with the Trade Triangle technology which is indicating a sidelines position at the moment in all the major indices.

Today, I will be following up on my "Is This Apple's Secret Or One Amazing Coincidence?" post to see whether it is still on track. There are a couple of major dates for Apple this month, one is April 10th, when Apple begins accepting orders for its new smart watch and April 27th, when Apple announces its earnings for Q1. The general consensus is that Apple will earn $2.13 per share. A move in Apple this week over $129.25 will turn the intermediate term Trade Triangle positive, indicating a positive trend for this stock. I would not be surprised if this took place as early as this Friday or early next week. I will keep you updated with an Apple alert. Continue reading "All Eyes On Apple" →