Yesterday was one of those "OMG" days where everybody ran for the exit at the same time. When that happens, there is indiscriminate selling of almost every market and this can present an opportunity for smart traders to step in and either add to positions or take new positions in the direction of the major trend.
Such is the case in Apple, Inc. (NASDAQ:AAPL) and spot gold (FOREX:XAUUSDO). Both of these markets have pulled back into Fibonacci levels that should offer good support and a turnaround opportunity. In today's video, I will be examining the recent pullback in gold and Apple, which is flirting with the $100 a share level.
I'll also be looking at Tesla Motors, Inc. (NASDAQ:TSLA), who just made a new high for the week today after it announced some very positive earnings yesterday. I will share with you my upside target zone for this market and it may surprise you. I'll also be looking at two of my favorite stocks, Netflix, Inc. (NASDAQ:NFLX) and Amazon.com, Inc. (NASDAQ:AMZN). Are they a buy right now?
Have a great weekend everyone and every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
