Tag: William%R

Today's Video Update: Are You Planning On Buying An Electric Car?

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 17th of May.

Tesla Soars As Excitement Builds For Electric Cars
This week, Tesla Motors (NASDAQ:TSLA) soared as investors rushed into buying shares of America's only electric car company. Shares of Tesla jumped 19.72% for the week as of this writing and are closing in on new high ground. Of course, this must make Elon Musk and investors in this stock very, very happy. You may want to take a look at my earlier video on Tesla (NASDAQ:TSLA) here.

Gold Loses Big Time This Week
The price of gold plummeted this week with losses of over 5% as investors jumped out of this once precious metal and into US and Japanese stocks. If gold closes where it is currently trading at $1,363 on the spot market, it will represent a new low weekly close for the year. Such a close would indicate further downside pressure for this metal. Technically, we cannot rule out a test of the $1300 level. Continue reading "Today's Video Update: Are You Planning On Buying An Electric Car?" →

Today's Video Update: The Beat 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 Wednesday, the 15th of May.

Google Music?
Word on the street is that Google (NASDAQ:GOOG) is set to announce today a new streaming music service, one that will compete against Pandora and Spotify. Once again, it seems as though Google wants to be everything to everybody, and whether Google can compete in the music business and be successful remains to be seen. Should you buy or sell Google? If you haven't watched my Google trading video on how to trade Google successfully, you can watch it here.

The Beat Goes On
Stock prices hit a high yesterday as more and more disenfranchised short sellers are covering their shorts and exiting this market. So far, this market has not yielded to any downside pressure or correction to the surprise of many professional traders. What I do know, is that trends tend to persist longer than expected, and that they don't ring a bell at the top of any market. In a recent blog poll, we asked readers what they thought of the market: Continue reading "Today's Video Update: The Beat Goes On" →

Today's Video Update: Forget Stocks, the Name of the Game is the Value of Money

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 13th of May.

The Aussie Dollar Crashes
Today we are going to take a look at the Aussie dollar to understand why it closed last Friday at its lowest levels since June 2012. This market clearly is on the defensive as Australia re-tools its economy with a lower priced currency. By lowering its currency, Australia hopes, like Japan, to jump start its economy. A less expensive Aussie dollar should help make Australian exports more competitive and more attractive, particularly to China, which is its main trading partner.

This particular trade could be one of the best trades of 2013. If you haven't seen last week's Aussie Dollar video, you can watch it here.

The Trend Continues In The Yen
The US dollar moved to its best levels in five years against the Japanese Yen, as the Yen reached 102 early this morning in overseas trading. The Japanese Yen has been on the defensive against the US Dollar since last October, when our Monthly Trade Triangle kicked in and the Dollar began to accelerate its gains against the Yen. I believe that this market, which is very overbought, is getting close to a target zone around the 103.00 level. I would now expect the 100.00 level to act as a floor for the US dollar. Continue reading "Today's Video Update: Forget Stocks, the Name of the Game is the Value of Money" →

Today's Video Update: Is The Market Running Out Of Gas?

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 10th of May.

Running Out Of Gas Or Is Complacency Setting In?
The market has two enemies, gravity and complacency. It would appear as though complacency in this market is becoming more and more of the norm, which is a definite danger and warning sign. The type of complacent attitude we are seeing tends to give birth to the market's second enemy, gravity. Earlier this week, we produced a short video explaining how a simple technical formation known as a "parallel channel" may be indicating that we are close to an interim top for this market. Continue reading "Today's Video Update: Is The Market Running Out Of Gas?" →

Today's Video Update: Is a Parallel Channel Indicating a Top For This Market?

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 Wednesday, the 8th of May.

Is a Parallel Channel Indicating a Top For This Market?
One of the biggest enemies of investors is being too complacent. I feel that this malady is very much the case in today's market. I believe investors should be concerned and should be using money management stops on all of their long positions. We have not seen any type of significant pullback since the recent low on April 18th. In today's daily update, we are going to be looking at a parallel channel, which could be marking a new term top for this market. The parallel channel started in mid November of last year and has remarkably contained most of the action for the past six months. I think you'll find this video to be particularly interesting today.

Watch Today's Video Update Here

 

Is Gold Putting In a Bottom? Continue reading "Today's Video Update: Is a Parallel Channel Indicating a Top For This Market?" →