Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 25th of October.
There’s no doubt about it, Carl Icahn has been on a winning streak lately with Netflix (NASDAQ:NFLX) and Apple (NASDAQ:AAPL) making big bucks even by billionaire status. One of Carl’s other stocks is the energy company, Talisman Energy Inc. (NYSE:TLM).
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Tuesday, the 22nd of October.
Today at 10am PT/1pm ET, it's showtime for Apple (NASDAQ:AAPL) at the Yerba Buena Center in San Francisco. In previous years, there has been an air of mystery about what surprises Apple has for the market. This year however, most of the news has been spilled and the world will be looking for new iPads with retina displays, improvements in the Mac line and possibly more information on Maverick, Apple's new operating system for the desktop and laptop world.
As always, Apple teases us with a slogan, and this year is no different as the slogan that's draped around the Yerba Buena Center reads, "We Still Have a Lot to Cover." What exactly that means remains to be seen. That air of the next big thing is one of the reasons Apple events are so intriguing to the world.
In addition to analyzing Apple, I will also be looking at the major indices, crude oil, gold, and the US dollar.
I always appreciate your comments and feedback, so please feel free to leave them on this blog, along with any questions you might have for us.
Have a great trading day, Adam Hewison
Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Thursday, the 17th of October.
Late last night the United States averted what would've been a disaster for the country. But did we really avert disaster, or did they just "kick the can down the road"? I had the good fortune to appear on CNBC Asia last night when this historic vote was cast. If you missed my appearance, you can see what I said right here.
While Washington politicians are patting themselves on the back and thinking about what a good job they did, most folks in the real world have a different view and are incredibly angry at what Washington is doing. It really doesn't matter if you are on the left or the right of the political spectrum, the divisiveness in the country is not healthy for the economy and the stock market in the long run. Continue reading "Disaster Averted, Fast Forward To January 15th"→
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.
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 11th of October.
I first learned about the real meaning of WTF while I was a member of the Chicago Mercantile Exchange, back when I was trading in the pits, standing shoulder to shoulder with some of the smartest traders in the world.
It was back when the movie Star Wars was all the rage and George Lucas was at the height of his very successful, creative career. The iconic line from the movie that struck a cord with everyone was, "May the force be with you."
How that quote made it into the trading pits of Chicago will always be a mystery to me. The members of the exchange took WTF, a slang term, and translated that to stand for "What's The Force?", loosely interpreted to mean, is the force up or down for the market? This term was especially common on Fridays when traders had to decide whether they were going to hold or fold their positions over the weekend.