Seven years ago the DOW was trading around 6000, today this index is over 17,000. So what is the next big move in this index? I suspect the next big move will be on the downside.
Today, China announced that exports hit a 7-year low which indicates to this observer that economies around the world are slowing down.
Technically in many of the major stocks we still have red monthly Trade Triangles indicating that the trend is still down longer-term. The same holds true for the major indices where we are still seeing monthly red Trade Triangles.
At the end of last week, I indicated that I expected this week to be choppy and range bound, as the major indices have all reached major Fibonacci resistance points. I expect the indices to turn back down after a week or two. I still hold to that belief and want to watch these markets very carefully looking for an entry point to go short. Continue reading "Getting Ready For The Next Big Move"→
Hello traders and MarketClub members everywhere! In today’s video, I will be checking out 10 very popular stocks too see if they've lost their market mojo and are experiencing a lack of interest from investors.
Now, by no means am I saying that these stocks are going to deteriorate in the next week. I am simply looking at these stocks to see if their recent market action is presenting some question marks in the minds of investors. All of the stocks I will be covering today are well-known, heavily traded stocks that have been trading for a while.
Hello traders and MarketClub members everywhere! Here on the east coast, we are facing quite a winter storm on the eve of Thanksgiving. I expect that the threat of the incoming storm and early holiday travel plans will subdue trading quite dramatically today.
On a personal note, I have to say that Thanksgiving is my favorite holiday of the year. This is is a time when you get together with family and friends and just enjoy the common bond of love and friendship and be truly thankful for all that we have.
As investors, we have lots to be thankful for this year as we have seen the Dow and the S&P 500 move to record highs in 2014.
As a company, we are very thankful as we have had an incredible year in 2014 and would like to thank all of our members around the world for making that happen. Thank you.
To all our members and friends who are traveling to meet loved ones to celebrate this holiday, we wish you safe travels and a joyous Thanksgiving holiday.
In today’s video, I will share with you my new upside counts for Apple (NASDAQ:AAPL) and all the major indices. Today’s video will be our last video until Monday.
I still believe that both of these stocks will move higher, as the Trade Triangles are all in place. If you missed these posts, you can read about Tesla here and First Solar here. Both of these stocks are higher for the week while the general stock market is flat. I view this as a psychologically positive sign for these stocks.
Last week I also posted a special report on gold. I still believe gold is going to remain in a positive upward trend until about the middle of August. That is when this market next cycle should top out. As always, money management stops should be in place on all positions. Continue reading "Are You Prepared For Q3?"→
Hello traders everywhere, Adam Hewison here, I hope you all had a great weekend and are ready to start another exciting week of trading. As we start this week, we want to first look at Apple (NASDAQ:AAPL). You may or may not be aware that Apple officially split it shares over the weekend with a 7:1 stock split. That means for every share of Apple, you now own seven new shares at a lower price. It seems like Apple is angling for a spot in the DOW. This morning we adjusted our chart scale to reflect the 7:1 split for Apple and show the new share value. We will take a closer look at Apple and see if it is worth buying at its new levels.