Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 7th of June.
Is The 2013 Bull Market In Stocks Over?
2013 will go down in the history books as the fastest start of the any year since 1998. Having said that, there are some challenges in the market right now as we have recently seen the market tumble 3.6%. We also discussed the slowdown in Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) stores, as both companies missed their forecasted earnings. All signs that the economy is slowing down. Currently, the economy hasn't picked up to the point where the Fed can abandon its monthly $85 billion purchase program. That could also lend to some stability in the marketplace. In today's video, I am going to examine how we see the market and how today's close could determine the trend for the coming week.
Early Warning System And The Yen
The Japanese Yen has strengthened against the US dollar to the surprise of many traders. Having a non-emotional approach to the market, like the Trade Triangles, can pay off consistently. If you haven't seen my "Early Warning System" video you may watch it here.
iPad Owners - Download My Latest Book
5 Professional Trading Rules That Will Make You Successful In Any Market - by Adam Hewison
Read It, Review It, Rate It!
Dont' Have An iPad? No Worries
5 Professional Trading Rules That Will Make You Successful In Any Market - by Adam Hewison
This PDF version does not include the video.
Watch Today's Video Update Here
There's More
In addition to looking at our normal markets, we will also be looking for stocks that are trending higher today. If you haven't watched any of my recent videos, you can watch them by clicking on the links below.
Recent Special Videos:
SodaStream (NASDAQ:SODA)
Apple (NASDAQ:APPL)
Yahoo (NASDAQ:YHOO)
S & P 500 (SP500)
Wal-Mart (NYSE:WMT)
Lululemon (NASDAQ:LULU)
Apple (NASDAQ:APPL)
Tesla (NASDAQ:TSLA)
Google (NASDAQ:GOOG)
Have a great trading day,
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.
No, the bull market is not over and will continue near the 20,000 mark, as the big players have too much cheap money at hands and turned the market into a global casino disconnecting it from the fundamental economy with a view of total control of players, markets, companies and countries.