Tag: Mid-Day Report

Can Star Wars Save Disney Or Will ESPN Sink The Ship?

Posted on by The INO.com Team

After the close today, The Walt Disney Company (NYSE:DIS) announces its earnings for the fourth quarter. Analysts are expecting Disney to make $1.45 a share on revenues of 14.7 billion. But here's the rub, ESPN which produces 45% of Disney's revenues, lost 3 million subscribers last year and is now a potential Achilles' heel for Disney.

Here's how I'm looking at Disney:
The Trade Triangles are all red and negative indicating lower prices. Technically the chart for Disney looks dismal at best. Based on those two elements, I expect Disney to either come in on analysts estimates or to miss their earnings. I do not expect to see a surprise on the upside here. Based on that analysis you would want to be short (if you're not already based on the Trade Triangles) Disney before the close today.

Daily Chart of The Walt Disny Company (NYSE:DIS)

Another stock that is set to report fourth-quarter 2015 results after the close today is Akamai Technologies Inc. (NASDAQ:AKAM). Analysts estimate that this stock should have positive earnings of around $0.50 a share. I would be surprised given the overall negative tone of tech stocks that even if Akamai reports good earnings, it won't go far on the upside. Technically speaking this stock according to the Trade Triangles is in a major downtrend, it has however completed a 61.8% Fibonacci retracement and is within striking distance of a long-term support line which comes in around $37 a share. I would be more inclined to go with the trend and stay short this market. The original Trade Triangle sell signal for this stock came on 7/6/15 at $69.13. Akamai closed on Monday evening at $40.98. Continue reading "Can Star Wars Save Disney Or Will ESPN Sink The Ship?" →

Is It A Monkey That's Going To Sink The Market?

Posted on by The INO.com Team

Let me begin by acknowledging the Chinese New Year. You might ask yourself, "What does that have to do with the markets here in the US?" My answer to you would be everything. Remember how influenced we were with the slowdown in China last year? This slowdown could be exacerbated in 2016, putting even more pressure on our markets here.

2016 represents the year of the "Red Monkey" on the Chinese calendar and it does not auger well for stocks according to "The Business Times" of Singapore.

Here's what they say:

"Do not expect the Year of the Monkey to be easy for investments. You need to outsmart the monkey to do well in the lunar year 2016. Do expect world events impacting stock markets and investments to change sharply and quickly, like the agile monkey."

"Expect markets to be volatile in the first half of the year (we've already got that) and for events to unfold quickly," their Chinese astrology expert says.

"The Year of the Monkey is going to shake, rattle and roil financial markets. One has to be as intelligent, witty and nimble as the monkey to do well in such investment landscape," he writes.

The most-recent Monkey year was 2004. In that year, the Shanghai Composite climbed 36% only to come crashing down in a 44% correction that bottomed in June 2005 (and then rallied 500%).

MarketClub translation - be nimble in 2016. Continue reading "Is It A Monkey That's Going To Sink The Market?" →

Did you see LinkedIn (LNKD) Today?

Posted on by The INO.com Team

It has been a great week with some strong trades happening. One of those stocks has to be LinkedIn Corporation (NYSE:LNKD), the professional social media site that recently updated its website with a redesign. After the bell yesterday, LinkedIn announced its earnings and future outlook. Upon seeing the numbers, investors bolted to the escape doors as LinkedIn clearly missed its target and future outlook.

Did this come as a big surprise to us at MarketClub? The answer, in all honesty, is no as all of the Trade Triangles were negative indicating a lower trend for LinkedIn.

Daily Chart of LinkedIn Corporation (NYSE:LNKD)

It is hard to ignore the power of the Trade Triangles during earnings season. Continue reading "Did you see LinkedIn (LNKD) Today?" →

Major Alert: Amazon (NASDAQ:AMZN) Flashes Its First Major Sell Signal In 16 Months

Posted on by The INO.com Team

In the first 30 minutes of trading today, Amazon.com Inc. (NASDAQ:AMZN) triggered a red monthly Trade Triangle indicating a major trend change in this stock. This could be partly due to Amazon's announcement yesterday that it planned on opening 400 brick and mortar bookstores. So after putting almost every bookseller out of business, Amazon is now going into the brick and mortar business. Could that be a big mistake for Amazon?

Daily Chart of Amazon.com Inc. (NASDAQ:AMZN)

Technically speaking, Amazon could quite easily fall back to the $441.95 level which represents a 61.8% Fibonacci retracement. That is $100 lower than the current price. Personally, I love Amazon, I shop there all the time, but right now I do not like the stock of Amazon. I think that Amazon is setting up to go lower based on the Trade Triangle technology. If my analysis of Amazon is correct, it does not auger well for the rest of the market or the economy. Continue reading "Major Alert: Amazon (NASDAQ:AMZN) Flashes Its First Major Sell Signal In 16 Months" →

3 For 3 And 3 More To Watch Today

Posted on by The INO.com Team

Good day, MarketClub Members! So, what do I mean when I say 3 for 3?

1: Let's start with Apple, Inc. (NASDAQ:AAPL) - The Trade Triangle technology indicated that the trend was heading lower and Apple was most likely to report disappointing earnings. That is exactly what happened when Apple reported its earnings after the close on 1/26/16. Apple opened lower the next day giving members another winner and profits up to 92% on options trades.

2: Next I recommended that a sidelines position was warranted in Amazon.com, Inc. (NASDAQ:AMZN) as the Trade Triangles were mixed indicating that there was no strong reason to take a position. The trading hours before the close showed Amazon up over 9%. Reality kicked in after the earnings announcement as Amazon gave back all of its earlier gains justifying the sidelines position.

3: Alphabet, Inc. (NASDAQ:GOOG) - Yesterday a weekly Trade Triangle turned green aligning with the monthly Trade Triangle indicating a long position was warranted. Members were rewarded as Google jumped $40 in after-hours trading giving members another winner.

3 stocks to watch today after they release their earnings after the close are: Continue reading "3 For 3 And 3 More To Watch Today" →