Once the Apple of its day, Hewlett-Packard (NYSE:HPQ) made some unfortunate decisions that then tanked the stock. After reaching a high of $54.75 on April 16, 2010, the stock of Hewlett-Packard hit a low of $11.35 some 32 months later.
Since that time, the stock has made a recovery into the mid to high 20s, but still has further to go on the upside based on pure technical analysis. Continue reading "Remember Hewlett-Packard (NYSE:HPQ)?"
Yesterday, Groupon (NASDAQ:GRPN) flashed a new red monthly Trade Triangle. I believe this is a significant event for this stock, as it has also broken a long-term nine month trend line and completed a major head and shoulders top.
1.) Green Monthly Trade Triangle at $5.50 on 1/14/13
2.) 9 month long-term trend line
3.) Head and shoulders top
4.) Head and shoulders neckline
5.) Target zone below $6.00
6.) Red Monthly Trade Triangle at $8.60 on 12/02/13
7.) Resistance at the 50 Line on the RSI Indicator Continue reading "Remember Groupon?"
Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Monday, the 2nd of December.
I hope everyone had a wonderful Thanksgiving holiday! As we are now into December, we can all look toward the end of the year. Despite the eight strong weeks we've seen, some folks are calling the current up move a bubble.
They could be right, but the trend is your friend and the trend is clearly on the upside for many stocks, particularly the ones that I have been talking about for most of the year.
I talked about perception just before the Thanksgiving holiday and how it is one of the most powerful forces in the market. The perception now is these markets can and will move higher, perhaps to some of the levels I outlined in my special report on the major indices. Continue reading "Amazon's Drone Deliveries And The Best Holiday Gift Of All"
We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of the Best Buy Co.,Inc. (NYSE:BBY).
I hope you are having a GREAT week! Best Buy Co., Inc. (NYSE:BBY) took off in January of this year and has for the most part not looked back making it one of this years biggest winners so far.
It is due for a larger counter trend correction which could have started with the current red weekly Trade Triangle. Continue reading "Chart to Watch - Best Buy (BBY)"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 18th of November.
Over the weekend I took some time and looked at the DOW, NASDAQ, and the S&P 500 indices. I wanted to measure just how high these indices could potentially go. All three indices have been on a tear this year, with the DOW making 57 new highs this year alone. On average, that is a new high every four days, which is pretty remarkable.
Now please remember that these are estimates based on technical analysis, they are not written guarantees carved in stone. As with any trade or investment strategy, you need to have an exit plan (money management) in case events change, whether over time or abruptly.
Just like any analyst, unforeseen events can change my analysis on the market. However, if my predictions remain correct, please do congratulate me and tell all of your friends (just joking on this one!).
Let's get started looking at the three indices and measuring the potential up-moves in all three major markets.
I would love to hear what your take is on the major indices and what you think can happen to the markets. How high, how low, agree, or disagree, let us hear your voice. It is always great to chat with other traders and hear their thoughts even, if they differ from my own.
Every Success,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.
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