Tag: William%R

Daily Video Update: A swing and a miss for Apple

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 25th of July.

Perception and expectations can be everything in the markets, and these two powerful forces sometimes trump the fundamentals and the technicals. Such was the case yesterday, when Apple reported its numbers for the quarter. It was a swing and a miss for Apple as they missed on both the top and bottom line. The after market was swift in its perception of the numbers, and pushed Apple down over 5% later in the day.

Today's early rally in stocks was largely caused by no more bad news from Europe, the Euro rally, and Caterpillar's earnings.

Let's not get carried away with happy times are here again, we still have a myriad of problems here in the US and all of the same growing problems in Europe. These problems, in our opinion, are going to be a drag on the market for the rest of the year. Continue reading "Daily Video Update: A swing and a miss for Apple" →

Daily Video Update: Can Apple save the market?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 24th of July.

After the close today, Apple reports its earnings for Q2 and expectations as always, are very high for Apple. Should Apple just meet those expectations, we think it will be a negative for the market. Should Apple exceed those expectations wildly on the upside, then we think it will give a bump to the tech sector, but it will be temporary. People are not buying iPhones right now as everyone is waiting for the new iPhone 5 to make its debut. The iPhone 5 is scheduled to come out later this year.

Cyclically we see the general market under pressure and to the downside for the balance of the year. Continue reading "Daily Video Update: Can Apple save the market?" →

Daily Video Update: "It's the economy, stupid"

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 20th of July.

"It's the economy, stupid" is a slight variation of the phrase "the economy, stupid" which James Carville had coined as a campaign strategist of Bill Clinton's successful 1992 presidential campaign against sitting president, George Bush. Fast forward to 2012 and it's the economies of the world that are stupid and on the skids.

We are coming to the end of the week and it looks like once again the Euro is on the ropes. Watch this market closely today, as it may provide an excellent weekend rule, short trade. The most recent lowest weekly close for the Euro was 1.2212 and that was eight weeks ago! A close below that level today should put downside pressure on the Euro on Monday and Tuesday.

I would also watch the banks closely. The lowest week ending close we have seen in Bank of America was 7.01 on the trading week ending May 19th. A close below that level today will bring in another round of renewed selling. Continue reading "Daily Video Update: "It's the economy, stupid"" →

Daily Video Update: What is more important for America, Romney's tax returns or a stronger economy?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 19th of July.

That is the question we posed on our Members Blog today. Please feel free to vote and share your thoughts with us. Continue reading "Daily Video Update: What is more important for America, Romney's tax returns or a stronger economy?" →

Daily Video Update: Are we in a bull or bear stock market right now ?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 18th of July.

Depending on who you speak to, the stock market is either going to fall off a fiscal cliff or the stock market is going to make new highs.

The truth lies somewhere in between. Right now, the markets are in very broad trading range without any clear-cut trend. The intermediate-term trend is positive, however that trend is tempered by the longer term trend that we follow. The long-term trend indicates that the stock market remains in a bear market and that the current rally is just a counter-trend rally in a bear market.

So who is right? Well, the one thing I can guarantee is that the market is always right eventually. Continue reading "Daily Video Update: Are we in a bull or bear stock market right now ?" →