Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 25th of October.
Apple disappoints and Amazon posts a loss.
As we stated in yesterday's video we were on the sidelines on both Apple and Amazon before their earning announcements. This sideline position was based on our weekly intermediate trend Trade Triangle. Once again this conservative strategy proved to be a winning approach for both of these stocks which have performed so well for our members.
So what do 12, 25, 100 and 750 have in common? The one thing they have in common is, they are all important numbers now and the next several days. Here's why they are important.
Let's begin with 12…
12: There are only 12 days to the general election. This election is perhaps the most important vote any American citizen has cast in the last 60 years.
25: Spain announced today that the official unemployment level hit 25%. That means one out of every four Spanish citizens is unemployed. Not a good sign for the Spanish economy !!
100: The worst storm in 100 years to hit the east coast of the United States. That includes our area which is in the mid Atlantic on the Chesapeake Bay. So please have us in your prayers.
750: The Japanese government today announced a 750 billion yen ($9.4) billion fiscal stimulus plan to help boost economic growth in that country.
Last chance to download my latest e-book. Here's that link again.
Every success in trading and have a great weekend.
Adam Hewison
Founder & President INO.com and co-founder of MarketClub.com.
