Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 6th of February.
CLASH OF THE TITANS
I know it sounds like a cheap B movie title, but the reality is this is a very real clash between Rupert Murdoch with his powerful NEWS Corp holdings and John Malone with his equally powerful Liberty Media Empire.
Today Liberty Media announced that it had purchased Virgin Media in the UK for a deal valued around $16 billion dollars.
Sir Richard Branson, who is a part owner of Virgin Media, walked away with a cool $316 million in his pocket after handing over his shares. Nice work if you can get it. Today we will be looking at both Liberty Media Corp (LMCA), and News Corp (NWSA) to see which is the best bet in media.
NEW TRADE TRIANGLE COLUMN
You may have noticed the addition of our Trade Triangle column to your Portfolio Manager, as well as some changes to how our Trade Triangles look. You can now quickly view your Portfolio Manager and see the Trade Triangles for all of your portfolio holdings. With just a glance, you can view the new Trade Triangles for the day, which are now highlighted with a yellow box. We show you the date and price the Trade Triangle occurred by hovering over the Triangle with your mouse. We hope you will find these changes to be a huge benefit for your portfolios!
TODAY'S VIDEO NEWSLETTER
In addition to analyzing the major markets, we will be covering six stocks on the move today: Ralph Lauren Corp (RL), First Solar Inc (FSLR), Wyndham Worldwide Corp (WYN), CH Robinson Worldwide (CHRW), Gamestop Corp (GME) and finally, AGL Resources Inc (GAS)
Don't forget to share your comments on our blog.
Have a great trading day,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
Could you please explain if we can and how we can change the names of our portfolios? Also, I would like to know how I should use the triangles for long term investment strategies.
To change a name on your portfolio's just double click the name and it will allow you type a new one in the box. As for the strategy. Here you go.
Monthly Triangles determine trend and possible entry points.
Weekly Triangles determine timing: exits, entries and re-entries.
The last triangle issued on the monthly chart should always be used to identify the overall trend. You can also use the monthly triangle as a potential entry point if you can get into the market within the last 3 trading days of the signal. Then you are to look at the weekly triangles for possible exit and re-entry points, or entry points if your monthly is in a steady trend.
Key Rule: always trade with the trend. Make sure your weekly and monthly triangles correspond in direction.
*If you are a shorter term trader, it is possible to use the weekly triangles to determine overall trend and possible entry points and the daily chart to determine individual timing points. Please be aware of the short term whipsaws, and lack of overall trend strength.
As a intermediate-term trader you want to pay particular attention to the fourth Triangle. This is the fourth Triangle from the top that will generate positive or negative intermediate-term signals for you. If the forth Triangle is GREEN, you should then confirm the signals viability status with the color of the fifth Triangle. If both Triangles are GREEN, then a positive movement is likely. However, if the Weekly and the Monthly Triangles are RED, then a negative movement is likely. If the Triangles differ in color then you should consider keeping a sidelines position.
How It Works
The direction of the forth Triangle is marketed whenever a market moves over the previous three week high and remains above the previous three week low. The reverse is true when the low of the previous three weeks is broken to the downside, it creates a RED Triangle . This is an automatic stop-out of a long position if the fifth Triangle is GREEN. If the fifth Triangle is RED, it signals that a short sale is in order. If you are not familiar with short positions please consult your broker, or learn more from the experts in our INO TV online seminar service.
5 Successful Intermediate-term Trading Rules
(1) The odds are in your favor when you trade with the major trends.
(2) Always trade using stops. Never Cancel A Stop.
(3) Plan your trade and trade your plan.
(4) Never assume a market is too high or too low.
(5) Go with the flow. Don’t over think your position.
Best,
Jeremy