Today's Video Update: Is The Market Running Out Of Gas?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 10th of May.

Running Out Of Gas Or Is Complacency Setting In?
The market has two enemies, gravity and complacency. It would appear as though complacency in this market is becoming more and more of the norm, which is a definite danger and warning sign. The type of complacent attitude we are seeing tends to give birth to the market's second enemy, gravity. Earlier this week, we produced a short video explaining how a simple technical formation known as a "parallel channel" may be indicating that we are close to an interim top for this market. Continue reading "Today's Video Update: Is The Market Running Out Of Gas?"

Today's Video Update: Is a Parallel Channel Indicating a Top For This Market?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 8th of May.

Is a Parallel Channel Indicating a Top For This Market?
One of the biggest enemies of investors is being too complacent. I feel that this malady is very much the case in today's market. I believe investors should be concerned and should be using money management stops on all of their long positions. We have not seen any type of significant pullback since the recent low on April 18th. In today's daily update, we are going to be looking at a parallel channel, which could be marking a new term top for this market. The parallel channel started in mid November of last year and has remarkably contained most of the action for the past six months. I think you'll find this video to be particularly interesting today.

Watch Today's Video Update Here

 

Is Gold Putting In a Bottom? Continue reading "Today's Video Update: Is a Parallel Channel Indicating a Top For This Market?"

Today's Video Update: What's Going To Kill This Bull Market?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 1st of May.

Fed Reports at 2pm ET
Today at 2pm, the Fed will announce its intentions with its bond buying program. I am expecting the Fed's decision will remain pretty much unchanged.

What's Going To Kill This Bull Market?
I would not expect to see any groundbreaking news coming out of today's Fed announcement. However, the Fed is going to be the one that kills this improbable bull market. It would appear that most people are still not sure the economy is good and corporate America is certainly on that same band wagon. Corporate America has cut expenses to the bone and we don't believe they're going to have any more room to cut costs. Any future growth is going to have to come through growing profits, which is at the moment, a difficult proposition. Thank goodness for technical analysis and our Trade Triangle technology, which has captured most of the move in the indices and major stocks. Continue reading "Today's Video Update: What's Going To Kill This Bull Market?"

Today's Video Update: Can We Trust This Market?

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 24th of April.

Can We Trust This Market?
A number of years ago when Ben Bernanke took over the chairmanship of the Fed, little did anybody predict that he would be single-handedly supporting the entire stock market. I asked several colleagues of mine over the past few days, "what would happen should the quantitative easing that Ben put in place stop?" They all gave me the same answer, "the market would crash." That is not a particularly compelling reason to own stocks, in my opinion, if stocks are been artificially held up. I have said this before, the trend is your friend, and as far as the DOW is concerned, the trend remains positive.

What Now Apple?
Yesterday, Apple (NASDAQ:AAPL) announced their earnings and while there was some good news, there was also some bad news. The bad news is that their profit margins continue to shrink and that coupled with no new innovation coming out of Apple anytime soon, does not spell out a particularly rosy scenario for this stock. Continue reading "Today's Video Update: Can We Trust This Market?"

Today's Video Update: Biggest Down Week For The Markets All Year

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 19th of April.

Biggest Down Week For The Markets All Year
To say it has been quite a week would be an understatement. The markets have been largely pushed into the background and have been dominated by the news coming out about the Boston bombings. Even the earnings season has taken a backseat to current events. The bottom line is that unless there is a massive rally in most markets, they will close out the week with significant losses.

Most Equity Markets Close Lower For The Week
The S&P 500 and the NASDAQ have both flashed negative weekly Trade Triangles indicating that a neutral position should be taken in both of these indices. Only the DOW continues to remain in a bull trend and that will change should we see the DOW dip below 14,395. Continue reading "Today's Video Update: Biggest Down Week For The Markets All Year"