Today's Daily Update: George Soros Jumps On The Apple Bandwagon

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Thursday, the 15th of August.

First, Carl Icahn tweeted that Apple shares were "undervalued" and shortly after, George Soros disclosed he was accumulating more shares of Apple, while at the same time dumping his gold ETF shares.

Here we have two Wall Street titans whose average age is 80 years old. You have to love that these two guys are really shaking up the tech world showing traders around the world how it is still possible to trade at their age. Now, I'm sure they don't actually make the trades themselves, but like many traders they have others to pull the trigger. They are both doing a great job and I congratulate them both for showing the world that life begins at 80! Continue reading "Today's Daily Update: George Soros Jumps On The Apple Bandwagon"

Today's Video Update: Never Do What This Once Smart Hedge Fund Manager Did

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Tuesday, the 13th of August.

Never Do What This Once Smart Hedge Fund Manager Did - Not Once, But Twice!
Oh my, where do I start? This once smart hedge fund manager used to be good, so why did they make some unbelievable rookie mistakes?

What were these rookie mistakes?
1. No money management.
2. Picking a very public argument with someone in the business who is bigger, more powerful and swings a bigger axe. Continue reading "Today's Video Update: Never Do What This Once Smart Hedge Fund Manager Did"

The man with the golden touch

In today's video, I will be analyzing the the stock of Tesla Motors (NASDAQ:TSLA). Tesla is one of the newest stocks on the NASDAQ and one that's been getting a lot of attention lately. Late yesterday, they announced their earnings and to the surprise of many analysts and the market, the stock of Tesla jumped dramatically today and is currently trading 15% higher than yesterday's close.

Tesla, I believe, is one of the real success stories in the automotive scene. The company is run by Elon Musk, who is a modern day Henry Ford and an extraordinary serial entrepreneur at the same time. Elon is laser-focused on making Tesla the leading electric car company in the world. One of his other endeavors is SpaceX, which as the name implies has to do with spacecraft. SpaceX was recently awarded $1 billion from NASA to supply and act as a ferry back and forth to the space station.

Looking at the movement in the stock of Tesla, you can see why it has made a lot of investors very happy in the last 12 months. I will be analyzing Tesla using our tried and trusted Trade Triangles and showing you the results of using this approach. Continue reading "The man with the golden touch"

Today's Video Update: Is this the top of the market?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Tuesday, the 6th of August.

Every Market Deserves To Rest Once In A While
The indices appear to be on the defensive today, however that's not say we have reached a top or that the trend has changed from positive to negative. Trend changes tend to take time and usually don't happen overnight. For myself, the "line in the sand" on the DOW (INDEX:DJI) is the 15,400 level. It is at that level where I would exit my long position and move to the sidelines and await the next signal. Moving to the sidelines does not change the bigger trend picture for the DOW. I still remain long-term bullish, providing that the monthly Trade Triangle remains in the green column. Continue reading "Today's Video Update: Is this the top of the market?"

Today's Video Update: What's Ahead For August?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 2nd of August.

July turned out to be a great month to be in stocks and our Trade Triangles caught many stocks that were headed higher last month. The question is, how will the month of August play out? Typically the month of August is a quiet month, as most traders and investors take off to enjoy the last days of summer. August could be a strong month for the stock market this year, as there are strong trends in place that are pushing stocks higher and no evidence to suggest these trends are going to reverse anytime soon.

With the Fed committed to talking the market up to the tune of $85 billion a month, I seen no change in this policy as Chairman Bernanke prepares to exit the stage in January. What will happen in 2014 is anyone's guess, as the new Fed chairperson is going to be faced with having to dig us out of the ditch that we put ourselves in. Continue reading "Today's Video Update: What's Ahead For August?"