Tag: Amazon(NASDAQ:AMZN)

Are we headed for a financial Armageddon? I don't think so

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 Monday, the 14th of October.

It's day 14 of the government shutdown and it's certainly getting down to crunch time where someone is going to have to blink. I think both parties know how angry the populace is with their childish behavior. In my opinion, the National Park Service should be fired for what they did with the open air monuments.

Last week's market didn't close badly with the expectation that we would have a resolution in place this past weekend. That was not to be case and the major indices are lower this morning.

UPDATE: Apple (NASDAQ:AAPL) flashes a major buy signal. Continue reading "Are we headed for a financial Armageddon? I don't think so" →

Is The Market Correction Over?

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 Thursday, the 10th of October.

Yes, I believe that the current correction has come to an end with yesterday's market action. Markets are heavily oversold at this point and I expect to see a relief rally starting today.

Several of our MarketClub members stated that they expect to see some sort of agreement out of Washington in the next few days. I happen to agree with their thoughts and if that happens, it could instantly repair the downside pressure on the markets.

Apple (NASDAQ:AAPL) is looking more and more interesting, particularly if it closes today over the $491.10 level. Should this happen, it will have created a mini base in which to propel Apple to my "line-in-the-sand" level at $497. Apple could go into overdrive if this level is broken on the upside any time this week. Continue reading "Is The Market Correction Over?" →

Did you miss Adam on CNBC Asia's Cash Flow?

Posted on by The INO.com Team

If you missed Adam on CNBC Asia's Cash Flow with Oriel Morrison and Bernie Lo last night we have the video for you below. Listen to Adam discuss Carl Ichans involvement with Apple (NASDAQ:AAPL) along his views the NASDAQ exchange and more specifically Amazon(NASDAQ:AMZN) and Netflix(NASDAQ:NFLX)

Is It Time To Buy Gold?

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 the last day of the month and quarter, Wednesday the 2nd of September.

The NASDAQ Is On Fire!
There's no doubt about it, the NASDAQ is and has been the strongest index out of the three indices we track. The NASDAQ index is being driven by the likes of Apple (NASDAQ:AAPL), Tesla (NASDAQ:TSLA), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and many other internet and tech stocks.

Is this trend likely to continue? I believe it will continue and I am looking for higher levels in all of these markets, providing that our Trade Triangle technology is in agreement.

Is Gold A Buy Right Here?
Our Trade Triangles have enjoyed a great deal of success trading in gold over the last several years.

Trade Triangle Past Performance: Gold Continue reading "Is It Time To Buy Gold?" →

Amazon beefs Up For Q4, Are You Buying?

Posted on by The INO.com Team

Amazon(NASDAQ:AMZN), the world's largest online retailer just announced that is hiring 70,000 new employees for Q4 and I see this as a big positive for this stock. I have been positive on Amazon for some time now, but I see this fourth-quarter as being a potential (knock it out of the park) quarter for this company.

I recently purchased some bicycle parts from Amazon, and as usual Amazon delivered, as promised, on time, and the parts were perfect. I'm not sure how it is with your friends and family, but it seems that all of my family and friends order from Amazon.

Millions of people purchase from Amazon(NASDAQ:AMZN) over the course of the year, and that trend isn't likely to slow down anytime soon unless there is a major Black Swan catastrophe. Why do so many of us love doing business with Amazon? My belief is because Amazon, like Apple makes it so easy to enjoy their products and services.

Okay, now let's take a look at the chart and the technical picture for Amazon(NASDAQ:AMZN). The most important technical element is that all of the Trade Triangles are in a positive mode, indicating higher prices to come.

Now let's take a look at what has happened in the recent past. There is an old Hungarian proverb, "The past is the teacher of the future". Looking back, you can see that Amazon made an important cyclic low back in the Nov/ Dec period last year. From that cyclic low of $219, the market rallied to reach a high of $284, which represents a $65 swing from low to high (see first orange arrow on the chart). Continue reading "Amazon beefs Up For Q4, Are You Buying?" →