After five weeks of steady gains is the market becoming a little too complacent and perhaps vulnerable to a sell-off?
It would appear as though the market is Teflon coated and has been brushing off bad news after bad news, particularly when it comes to the world's precarious political situation. In today's video, I will be examining all three indices and show you what I'm looking at right now, and I will also point out where the red line is in each of these indices.
All eyes on Apple
If you've been living anywhere on this planet then, you probably know that tomorrow is Apple's big day. Apple Inc. (NASDAQ:AAPL) is set to unveil its latest and greatest creations tomorrow. In my opinion if Apple comes up with anything other than a real game changer this stock may have topped out.
I'll show you why I think that, and why you should pay special attention to the next two market days. I'll also share with you where the red line is for Apple and where you should definitely exit this stock if it's crossed.
Family Dollar Again Spurns Dollar General's Takeover Bid
Last Tuesday I wrote on that Family Dollar Stores Inc. (NYSE:FDO) would reject the Dollar General Corporation (NYSE:DG) bid. Well, guess what? That's what came to pass as Family Dollar stores said no to the $80 bid that was presented to them. I think that Dollar General is going to have to up its bid by at least another 10% if it wants to capture Family Dollar. If you missed my earlier post on Family Dollar and Dollar General, you can see it here.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
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