Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 3rd of April.
How come the fundamentals don't match the charts?
The stock market is a forward looking instrument. It forecasts how businesses are going to be months into the future. You only have to look back in the first quarter of 2009 to see how the fundamentals looked terrible, yet the charts pointed to better days ahead. What do you follow, the fundamentals or the charts, or both?
Ford sells a massive number of cars in Q1.
We show you where we think this stock is headed in today's video. Continue reading "How come the fundamentals don't match the charts?"