Interesting Smart Scan Results That May Surprise You

This morning I was using MarketClub's Smart Scan and noticed something that perfectly reflects the current market conditions we are experiencing right now. The number of chart Scores of +100 and -100 indicating strong upside and downside trends were practically even. This illustrates the lack a unified consensus either way for a strong bull or a bear market.

Eventually this balance will change one way or the other, but for now caution is not a bad word to use or practice in this market.

The Haves And The Have-Nots

No, I'm not talking about politics or political correctness, I'm talking about stocks that have everything going for them and other wannabe stocks that for whatever reason do not have that same mojo.

Here are 5 stocks that everything going for them: Continue reading "Interesting Smart Scan Results That May Surprise You"

And The Winners Are...

Hello MarketClub members everywhere, there are two big winners today. The first winner has to be Amazon.com Inc. (NASDAQ:AMZN), they announced earnings last night and blew away all the estimates by a wide margin. Amazon announced its first real profit in 20 years. In after-hours trading, the stock was up over 11% which made Jeff Bezos, who founded Amazon a little over 20 years ago, the third wealthiest man in America right behind Warren Buffet and Bill Gates. I congratulate both Amazon and Jeff Bezos for sticking to their guns and providing an amazing, first-class service.

If you watched yesterday's video, MarketClub's Trade Triangles nailed Amazon's up move and I predicted that the stock would trade at $600 or higher. You can watch yesterday's video right here. For those of you who watched the video and took action, you just made a quick 10% on your money in less than 24 hours.

The second winner is Continue reading "And The Winners Are..."

Under Armour's Earnings Just Weren't Enough

Under Armour Inc. (NYSE:UA) reported its third quarter results Thursday morning, and it managed to beat expectations. But you wouldn't know that if you looked at its stock price today. It's been trading in the -6% loss territory all day.

Under Armour even set a record in the 3rd quarter by having their first ever $1 billion revenue quarter. In fact, they topped $1.2 billion in revenue and yet, it wasn't enough for investors today. Revenue jumped 28%, topping the $1.18 billion Wall Street expected from Under Armour. Earnings per share also advanced, rising to .45 from .41 a year ago, topping the .44 that analysts were looking for. Is this just profit taking or is there something else going on? I'll share with you my thoughts on Under Armour. Continue reading "Under Armour's Earnings Just Weren't Enough"

Two Stocks That Are Ready To Explode To The Upside

Hello MarketClub members everywhere, I hope you all had a great and restful weekend. It's the start of another trading week and we had a strong opening in the market. What's going on, aren't we supposed to be in a bear market?

We are in a bear market overall, but even bear markets have rallies. I believe that the current rally will fade and the market will once a gain resume its downward trend. In today's video, I will be showing you the exact points where I expect the market to fail on the upside.

I will also be looking at two stocks that I believe are ready to explode to the upside and defy the general market's overall negative tone. Continue reading "Two Stocks That Are Ready To Explode To The Upside"

Are These 5 Popular Stocks Buys Or Sells?

Yesterday the indices came crashing down, breaking through key levels and turning all of the major indicators into strong downtrends. There is no question in my mind that we are now in a full-blown bear market. So how much further down can the market go from here?

In today's video, I will be looking at some downside target areas for all three major indices, as well as five popular stocks.

I will also be looking at these stocks to determine whether or not they present a buying opportunity based on the recent weakness in the market. Continue reading "Are These 5 Popular Stocks Buys Or Sells?"