Hello MarketClub members everywhere!
Having been born and raised in Great Britain, I occasionally look at the British newspapers for a different viewpoint on world events. I was recently surveying some of the British newspapers for news on Brexit when I came across an interesting article on research that is being done in Great Britain on Pfizer's famous blue pill.
Pfizer Inc. (NYSE:PFE): The drug Viagra could soon be used to treat hundreds of thousands of heart failure patients and even prevent fatal heart attacks, say scientists.
Trials have already established that the pill's main ingredient helps those with damaged hearts by boosting blood flow. But now a new study by the Centre for Cardiac Research at the University of Manchester has shown that cells from a failing heart actually survive longer when they are given a Viagra-like drug.
You can read the full article here.
I will be analyzing Pfizer Inc. (NYSE:PFE) and telling you whether or not you should buy their stock.
Gold (FOREX:XAUUSDO): The price of gold surged above the $1300 level this morning and has now set itself up to move to my upside target of $1500. MarketClub members should already be long gold from 1277.50 basis spot gold and $1,279.10 basis the July contract. I will examine if it's too late to buy gold if you're not already in.
Indices: I have not felt comfortable with the markets due to the proximity of the resistance levels above the market. You can also call it trader's intuition when something just doesn't feel right. To me, the market just did not feel right given the current political and economic climate. This morning the DOW (INDEX:DJI) triggered a red weekly Trade Triangle at 17,480.05, indicating that you should now be officially on the sidelines in this index. In the S&P 500 and NASDAQ, those levels have not yet been triggered. The levels to look for are 2,043 on the S&P 500 (CME:SP500) and 4,764 on the NASDAQ (NASDAQ:COMP). As of this time, those levels have not been broken.
Stay focused and disciplined.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
