Is The Bull Run Over?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 8th of
November.

General indices in the U.S. are in bull trends and I expect to see these trends resume and continue for the balance of 2013. Near term, I expect to see stocks begin to consolidate their recent gains before once again moving higher.

Watch what I said about Twitter (NYSE:TWTR) last night on CNBC Asia. Does anyone out there remember the dot-com days? Is it deja vu all over again with Twitter?

Tesla (TSLA) Stock Goes Down In Flames

Elon Musk watched his fortune drop $1.5 billion in the last two days as Tesla (NASDAQ:TSLA) literally went down in flames with the report of another luxury Tesla S car catching fire after an accident. I have been on the sidelines based on the intermediate-term weekly Trade Triangle and see no reason to try and pick a bottom in this market. Longer term I still believe Tesla will go higher, providing the long-term monthly Trade Triangle stays positive. This stock needs to regroup before it can start moving higher.

Will Costco (COST) Stock Continue Up?

Technically this stock looks very good to me and seems poised to move to the $130 level. I would use today's pullback to get on board this market. It's not as sexy as the tech stocks, but it is a solid company that is executing well and technically looks good.

I Still Like Apple, Netflix, and Amazon

I still like Apple (NASDAQ:AAPL), Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN). All three stocks have positive green Trade Triangles in place.

I appreciate your comments, questions and any feedback you may have on the stocks mentioned in today's post. Feel to interact with us below.

Have a great trading day,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

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Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.

11 thoughts on “Is The Bull Run Over?

  1. 1) It doesn't mention any bearish signals, except breath! It lists prices (1740), but no bearish signals to support the idea. What signals do you see listed *in the article*? It doesn't talk about upper channel which you do. It talks extensively about Vix & call-put as bullish!
    So where does the article support it's bearish correction with signals? Reading it leaves me seeing bullish signals all over the place.
    2) The article says "At the current time, there are many bears and not too many bulls." So it's the opposite of your data! The author's conclusion is the same as yours. It implies he has a typo there & means there are many BULLs. Am I completely not reading the sentence correctly?
    You've written more clearly than the article and with more specific data (which is why I opened the page to this article to learn about.)
    A couple questions, if you have time:
    - By channels, what's the name of that indicator?
    - " tested again early next week." What makes you suspect early next week is possible? Timing is hard, but I'm curious what's giving you that sense.
    - "Sideways movement is bullish since the upper channel continues higher engulfing the current market level." Sideways is sideways, how is that bullish? Or is it that sideways for now is bullish in the longer term? What does channel engulfing current level mean? I thank you Firozali A.Mulla DBA

  2. The big blunder like the car deal comes on us again and we sit quite as we cannot do anything else People retiring today are part of the first generation of workers who have paid more in Social Security taxes during their careers than they will receive in benefits after they retire. It's a historic shift that will only get worse for future retirees, according to an analysis Previous generations got a much better bargain, mainly because payroll taxes were very low when Social Security was enacted in the 1930s and remained so for decades. "For the early generations, it was an incredibly good deal," said Andrew Biggs, a former deputy Social Security commissioner who is now a scholar at the American Enterprise Institute. "The government gave you free money and getting free money is popular." If you retired in 1960, you could expect to get back seven times more in benefits than you paid in Social Security taxes, and more if you were a low-income worker, as long you made it to age 78 for men and 81 for women. As recently as 1985, workers at every income level could retire and expect to get more in benefits than they paid in Social Security taxes, though they didn't do quite as well as their parents and grandparents. Not anymore. A married couple retiring last year after both spouses earned average lifetime wages paid about $598,000 in Social Security taxes during their careers. They can expect to collect about $556,000 in benefits, if the man lives to 82 and the woman lives to 85, according to a 2011 study by the Urban Institute, a Washington think tank. Social Security benefits are progressive, so most low-income workers retiring today still will get slightly more in benefits than they paid in taxes. Most high-income workers started getting less in benefits than they paid in taxes in the 1990s, according to data from the Social Security Administration. The shift among middle-income workers is happening just as millions of baby boomers are reaching retirement, leaving relatively fewer workers behind to pay into the system. It's coming at a critical time for Social Security, the federal government's largest program. The trustees who oversee Social Security say its funds, which have been built up over the past 30 years with surplus payroll taxes, will run dry in 2033 unless Congress acts. At that point, payroll taxes would provide enough revenue each year to pay about 75 percent of benefits. To cover the shortfall, future retirees probably will have to pay higher taxes while they are working, accept lower benefits after they retire, or some combination of both. A man doesn't know what he knows until he knows what he doesn't know.
    Laurence J. Peter I thank you Firozali A.Mulla DB
    A

  3. Tesla should execute two changes, [1] Put 20# of Steel plate under & across the front of their battery slab, and reduce existing "lightweight" wrap to reduce weight/range penalty, and [2] Remind the buying public that between 150,000 and 250,000 autos per year self-immolate due to flammable fluids catching fire, all without benefit of collision with dropped chunks of hard materials left on the road by others.
    For Twitter, over 120% turnover of shares in the first day is certainly no measure of that stock's staying power.
    Costco usually does well over yearend with all the bulk buying for celebrations. What about all those trans-fat items that the Govt wants to ban? Will we stop buying them and substitute pain relievers, etc in reaction to higher healthcare+insurance costs?
    Aren't there some slightly boring but solid, steady stocks that you could review for investors vs traders?

    1. Bob,

      Great input on TESLA and your other comments are stop on.

      Great information, thank you for sharing it with everyone.

      All the best,

      Adam Hewison
      President, INO.com
      Co-Founder of MarketClub.com

  4. Oh yes, I understand the other basics. But how often can I take out my money when I want.thanks

  5. Do u see NYNY going up a ways as did MGM. And whom do suggest I get acct with to buy a few shares of NY stock as a beginner and easy sign up. Thanks.

    1. Thanks for the question devn. Based on our Trade Triangle technology NYNY is in a long-term uptrend with a score of +75. As far as brokers go, We don't make recommendations for brokers, but we do offer a broker section on the left hand side of our home website INO.com. These are brokers that we have done business with.

      Best,
      Jeremy

  6. This is not about any of the companies you covered today, however, could you start covering silver again and also facebook.

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