Is Google losing its mojo?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 16th of October.

Tomorrow, Google (NASDAQ:GOOG) announces its long awaited earnings and I thought I'd take a look at this stock today before tomorrow's big announcement.

There are some interesting developments in Google (NASDAQ:GOOG) that have largely gone unreported. I will be using our Trade Triangle technology to point out these discrepancies to our viewers.

Of course, the Democrats and Republicans clawing at each other as they try to beat the deadline on the 17th is the big unknown for the market. My best guess is that there will be a deal that no one likes and the politicians will agree to "kick the can down the road" until next year.

Please feel free to leave a comment and share your thoughts on the markets or if you dare, Washington politicians.

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.

5 thoughts on “Is Google losing its mojo?”

  2. Hey Peter,
    I too have been following google for a while and the long term chart tells me there is something wrong with it. Since may its wedged its way down three times to the 850 level and make a new high only once.. its seems like a long drawn out distribution of sorts among the holders. I took a closer look and what do you know.. insiders have been selling and not too many are picking up. Also there is that headline out there that some nations are looking into the loophole that the search engines have over taxes. Seems like some nations..ie England, italy want to change taxing rules regarding search and commerce websites and that wiil hurt their profits big time.. I feel the insiders know its coming.. Just food for thought. Thanks for all you dedication for us and with the website!!!
    Lou G NYC

  3. inevitable
    15 years old
    going the way of Microsoft
    still going to make tons of money
    but to big to breakthru to the next level what ever that maybe
    just not exiting any more
    trying too hard to many with cockamamie ideas driven by the need to stay hot...driverless autos etc -irrelevant !

    1. Peter,

      Thanks for your feedback, very insightful.

      Once again thank you for participating in the conversation.

      All the best,

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

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