Tag: MarketClub Tips & Talk

Is The Market Slide Over?

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 Tuesday, the 24th of September.

The four day slide in the DOW (INDEX:DJI) pulled this index back to a perfect 30.2% Fibonacci retracement, where the market found support. With our long and intermediate term Trade Triangles in a positive mode, I am looking for this and the other market indices to resume their upward trend. The headwinds are of course, funding of the federal government, tapering, Syria and Muslim extremism. Any of those events could spook the markets in the month of October.

Today, President Obama is speaking at the United Nations (now there is a misnomer). I'm not sure what that's going to do, as the UN has been a largely ineffective organization since its inception on 24th of October, 1945. The U.S., thanks to your tax dollars, funds 22% of the UN, China 5.15%, and Russia 2.5%.

Gold continues to struggle and the question is, is gold close to a major bottom? I will be examining gold, plus reporting on the following stocks in today's video report.

Apple (NASDAQ:AAPL)
Facebook (NASDAQ:FB)
Netflix (NASDAQ:NFLX)
Pandora Media (NYSE:P)
Tesla (NASDAQ:TSLA)

If you would like to leave a comment on anything I have discussed in today's video, we would love to get your feedback.

Have a great trading day,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

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Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.

Apple Unleashes The New iPhones 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 Friday, the 20th of September.

Today, Apple (NASDAQ:AAPL) began to officially sell its new iPhones, the 5S and 5C, around the world. Long lines were reported in Europe, Asia and here in the States as Apple loyalists lined up to buy the latest and greatest from Apple.

Is Apple (NASDAQ:AAPL) going to sell as many of the new iPhones as it has in the past? I think so, many iPhone users myself included, did not upgrade to the iPhone 5 last time. I will be upgrading this time and trading in my 4S for a brand new, fingerprint ready 5S. I think many other Apple users will be doing the same thing in this new product update cycle.

On Wednesday, like many other iPhone users, I downloaded the new IOS7 operating system for the iPhone and iPad. I have to say the new interface is clean, pretty slick, beautifully designed and works like a charm. The good news for everyone is that Apple made this upgrade free of charge. Continue reading "Apple Unleashes The New iPhones Today" →

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" →