Tag: dow

Today's Video Update: Apple Is Officially Moving Sideways

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 15th of July.

Every July, it gets very hot and humid here in Maryland and the markets seem to be following suit. The energy markets and the equity markets are hot right now and all in strong upward trends.

One thing to note today is that Apple (NASDAQ:AAPL) is now officially moving sideways according to the new weekly Trade Triangle. This is in contrast to the strong downward trend we have seen in this stock from the $700 level. What does this mean? Well, it could mean that we are in the early stages of a double bottom base being put in place in this once-high-flying stock that institutional investors love. If that is true and we see a new piece of technology coming out of Apple (like a smart watch?), Apple could easily rally back to the $550 level. The key level to watch here is the $466 level. If that level is taken out, then it could be off to the races for Apple.

Don't Miss My Appearance On CNBC Closing Bell Today
Yours truly will be appearing on CNBC's "Closing Bell" with Maria Bartiromo today at 4:50 Eastern time. I hope you have a chance to tune in and see my latest thoughts on what's going on for tomorrow's markets.

Watch Today's Video Update Here Continue reading "Today's Video Update: Apple Is Officially Moving Sideways" →

Today's Video Update: It's The Weekend And We All Know What That Means

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 Friday, the 12th of July.

With record high closes in the DOW and the S&P 500 yesterday, this is not the time to be short the main indices going into this weekend. I will be using our 52-week high strategy to catch a quick move and you can see the rules on how to play in today's video.

The DOW triggered a Green Weekly Trade Triangle on 7/10/13 at 15,340.09 signaling a resumption of the uptrend.

The S&P 500 triggered a Green Weekly Trade Triangle on 7/10/13 at 1,654.19 signaling a resumption of the uptrend.

The NASDAQ triggered a Green Weekly Trade Triangle on 7/8/13 at 3,488.31 signaling a resumption of the uptrend.

On Monday, our weekly (intermediate trend) Trade Triangle kicked in and gave a resumption of trend buy signal for the NASDAQ index. The signal came in at 3,488.31 confirming that both the intermediate and longer-term trends are now in unison, signaling a move to the upside. Continue reading "Today's Video Update: It's The Weekend And We All Know What That Means" →

Today's Video Update: Clear Cut Trends Are Emerging

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 Tuesday, the 9th of July.

NASDAQ Flashes A Buy Signal
On Monday, our weekly (intermediate trend) Trade Triangle kicked in and gave a buy signal for the NASDAQ index. The signal came in at 3,488.31, confirming that both the intermediate and longer-term trends are now in unison signaling a move to the upside. The NASDAQ could be a precursor of trends to come on both the DOW and the S&P 500, only time will tell.

Crude Oil Takes A Breather
Do not be fooled by this momentary pause in the price of crude oil, with the trend clearly established to the upside, I am looking for new highs in this market. With a target zone of $110 per barrel for crude, I see no reason to abandon long positions and want to hold firm for longer term traders. A close in the August contract over $103.50 this week will represent a new high close and a continuation of the uptrend. Continue reading "Today's Video Update: Clear Cut Trends Are Emerging" →

Today's Video Update: Stocks Rise Ahead of Earnings

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 8th of July.

Earlier today we posed the question, "Are the odds in your favor for a up market in July?" Well, it certainly seems so, given this mornings trading action, all the indices are on the plus side of the ledger so far for the month.

Today's Profit Taking In The Crude Oil Market Doesn't Change The Trend
Crude oil is seeing a little bit of profit-taking coming into the market after its recent sharp run up. I have an upside target zone of $110 level for crude and I expect the upward trend to continue for a while longer. Look for any pullbacks to present buying opportunities rather than a shorting opportunity. The trend is clearly established to the upside, so trade accordingly. Continue reading "Today's Video Update: Stocks Rise Ahead of Earnings" →

Today's Video Update: Apple files for the iWatch trademark in Japan

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 1st of July.

Apple Files For a iWatch Trademark in Japan!
Shares of Apple jumped almost 4% on news that it had filed for a trademark in Japan. This is the best upside performance for Apple in over a week. Apple inturn is helping the NASDAQ gain for the day as well as helping the other indices.

The Strong Trend For Crude Oil Persists
Crude oil moved to its best levels in eight days and it appears poised to challenge the $99 a barrel level. Should this market move over that resistance point I can easily see this market quickly move to the $100 a barrel level. Continue reading "Today's Video Update: Apple files for the iWatch trademark in Japan" →