Tag: Apple (NASDAQ:AAPL)

Carl Icahn Buys 6% Stake In Talisman Energy (NYSE:TLM) - Should You Buy?

Posted on by The INO.com Team

This morning as I was looking over the news, I read with interest that Carl Icahn had taken a 6% stake in Talisman Energy Inc (NYSE:TLM). Talisman Energy is a large Canadian energy company.

On October 1st, the Trade Triangles flashed a major buy signal for Talisman Energy at $11.95. I suspect that this was partly due to the price action that was reflected by Mr. Ichan's purchase of Talisman shares.

1.All Time High. (2) 12 Month Base. (3) +(4) Double Bottom. (5) Trade Triangle Buy at $11.95.

(6) Major Pivot Point. (7) 50% Fib Retracement $17.41. (8) 61.8% Fib Retracement $19.21.

What is also interesting is how Mr. Icahn picks stocks like Talisman Energy. I have witnessed the same actions in play in several other stocks that Mr. Icahn has purchased in the past 12 months. Stocks like Apple, Netflix, Herbalife, and most recently, Talisman, all display similar characteristics. I suspect that the technicals play a part in his overall approach to the market. The timing of Mr. Icahn's stock purchases are amazingly close to the timing of our Trade Triangle buy signals.

Today, we are looking at a chart of Talisman Energy and the stock action looks good from a technical viewpoint, as well as from our Trade Triangles. The potential for this market to go significantly higher is there, in my opinion. Of course, I will be using our Trade Triangles for money management to exit this position, should it not work out the way I expect it to.

As always, please share your thoughts with us on this or any other market.

Adam Hewison
President, INO.com
Co-Creator, MarketClub

Which stocks or markets are you following?

Posted on by The INO.com Team

As we start the new trading week, there are a lot of challenges we are facing with the partial government shutdown still in effect, the looming debt ceiling, and the numerous other problems plaguing the US at the moment.

I cannot imagine that even Congress could be so stupid as to not resolve the debt ceiling. Not to do so would be totally irresponsible and push the US over the proverbial fiscal cliff. Should the unthinkable happen, it would send the world's markets into a tailspin and, chances are, there would be a great deal of discussion about changing the Dollar's currency status.

So, with all that in the background, what stocks or markets are you watching this week? Continue reading "Which stocks or markets are you following?" →

Apple is teed up for next week

Posted on by The INO.com Team

Yesterday, I went to the Apple(NASDAQ:AAPL) store to ask them about the new iPhone 5S and to see if they had any in stock. I was told that they no longer sold the iPhone in the store and that I had to order one online. I was somewhat taken aback by this, but then it all sort of made sense to me when I thought about it.

I think the demand for the iPhone 5S, the gold edition in particular, has been off the charts and I think we're going to see a tremendous number of iPhone sales in the fourth quarter. Having checked out the Apple store, I decided to go to Best Buy to see what they had in the iPhone 5S market. It was pretty much the same story, you have to order online and you can pick it up at the store. This makes a lot of sense because Apple can then deliver what people want based on their online orders. This allows Apple to ramp up its production to meet demand.

Technical Analysis of Apple , using Trade Triangles, Fibonacci and classic technical analysis.

CHART LEGEND
1) Double Bottom
2) Pivot Point
3) Target Zone from Pivot Point
4-5) Measurement for Fibonacci Retracement
6) 50% Fibonacci Retracement
7) Line In The Sand - $497
8) Trade Triangles

The market action recently for Apple (NASDAQ:AAPL) has been choppy, which I believe is a good thing, as Apple sets itself up to move higher. I have been looking for Apple to move to the $550-$560 area or higher. That target zone is still in effect. The battle lines are drawn and I know that if the market does not rally strongly today, the new trigger point for Apple next week is going to be the $497 level. Once over that level, this market could take off and move very quickly to higher levels.

Leave a comment • Get Involved • Ask a question • Your Opinion Counts

Doubtless, you may have heard some of the problems that have been circulating in the press about the new iPad retina displays, and that they're going to be delayed coming to market. This is likely just a technical glitch that could have been caused by one supplier. I think that demand for the smaller 7in retina iPad is going to be very big both here and overseas.

Lastly, like thousands of loyal Apple fans, I still don't have an iPhone 5S Gold, but I want one. I guess I'm going to have to break down and order online and wait for it to be delivered to the local Apple store. One thing I am really enjoying a great deal is the new iOS7 operating system. Apple has done a masterful job of changing its old and aging operating system into one that really is cutting-edge. The fact that it can run on the new 64-bit A7 chip and the old 32-bit chip is a testimonial to Apple's technical expertise.

As you can see on the chart, I have drawn a line in the sand for Apple and when this line is crossed it will turn our intermediate weekly Trade Triangle green, indicating a resumption of Apple's strong and longer-term uptrend.

If you have any comments or thoughts on Apple, I would love to hear from you!

Have a great weekend everyone and let's watch Apple closely next week, it could be a good one.

All the best,

Adam Hewison
President, INO.com
Co-Creator, MarketClub

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?" →