Tag: NASDAQ (NASDAQ:COMP)

Stuck In The Twilight Zone

Posted on by The INO.com Team

Hello MarketClub members everywhere. It would seem as though the markets are stuck in a twilight zone not knowing whether to go up or go down. This has been the case for a few months now and when we go through periods like this in the market, one has to say to oneself, "be patient and wait for the opportunities to come up," they always do.

MarketClub's Mid-day Market Report

Today's keyword is patience.

The way to look at the markets when they move into a choppy period is to look at the big trends. The odds favor a resumption of a market's major trend. It doesn't always work out that way, but if you're betting with the odds, it is the way to go.

Here are the major trends for each of the major markets according to the Trade Triangle technology based on last Friday's close. Continue reading "Stuck In The Twilight Zone" →

How One Tech Companies Misfortune Was A Blessing For Apple

Posted on by The INO.com Team

Hello MarketClub members everywhere. Yesterday's mandatory recall of all of the Samsung's 7 Note devices is a huge blow for Samsung. Up until yesterday, Samsung was trying to recall and replace batteries that were overheating and causing fires and were a danger to the public and transportation systems everywhere. With this news, the stock of Samsung collapsed literally, and Apple's stock price soared.

MarketClub's Mid-day Market Report

What is interesting is that Apple begins delivery of its new iPhone 7 today. I can't help wondering if there wasn't some political maneuvering behind the scenes in this recall move. Yesterday, the US Consumer Product Safety Commission announced a full recall of the Galaxy Note 7 products in conjunction with Samsung. The formal recall covers about 1 million devices.

The exact wording that the US Consumer Products Safety Commission used was as follows: "Consumers should immediately stop using and power down the recalled Galaxy Note 7 devices purchased before September 15, 2016". Samsung's stock price started slipping on September 9 after what has been a pretty good year for this stock. The big question is how much damage has been done to this mega electronics companies reputation and can it come back to its former glory? Continue reading "How One Tech Companies Misfortune Was A Blessing For Apple" →

The Battle Continues Between The Bulls And The Bears

Posted on by The INO.com Team

Hello MarketClub members everywhere. Choppy, choppy, choppy that's the only way to describe the recent market action as the Bears and the Bulls battle each other for domination. It reminds you of the election and the fight between the Democrats and the Republicans. Eventually, there will be a direction and a trend both politically and financially. My job here at MarketClub is to help you determine that trend and get on the right side – I am of course referring to the financial markets and not the politics of today.

MarketClub's Mid-day Market Report

Indexes: All of the major indices still have their long-term monthly Trade Triangles intact. The intermediate trend based on the weekly Trade Triangles is down which is reflecting the choppy action that we have seen the last few days. What is interesting is if you look at the weekly charts and the weekly RSI you can see that all of the indices are above the 50 support line indicating that the trend is likely to resume to the upside. However, there are no guarantees and I will rely on the weekly Trade Triangles to tell me when to get back on the long side of the market again. Continue reading "The Battle Continues Between The Bulls And The Bears" →

Haven't We Seen All Of This Before?

Posted on by The INO.com Team

Hello MarketClub members everywhere. There is no doubt about it Friday's move was sharp and painful for many investors. However, if you are following the Trade Triangles you were out of the market and on the sidelines based on the red weekly Trade Triangle's that were indicating potential problems for all the major indices.

MarketClub's Mid-day Market Report

Looking back, Friday's move looks very similar to the move we saw on June 24 of this year when the market dropped dramatically on a Friday only to open lower on Monday. The markets then reversed themselves and moved up and made back all their losses in just four or five days.

The big question is, is this going to be a repeat of last June? Continue reading "Haven't We Seen All Of This Before?" →

Stocks Tumble On Fear Of Interest Rate Hike

Posted on by The INO.com Team

Hello MarketClub members everywhere. Stocks are trading sharply lower today after comments from a Federal Reserve banker suggests that a September rate hike might not be entirely off the table after all.

MarketClub's Mid-day Market Report

In a speech today Federal Reserve Bank of Boston President Eric Rosengren said that "a reasonable case can be made" for a rate hike, according to The Wall Street Journal.

Those words shook Wall Street, as traders had pretty much written off an interest rate increase at the Fed's Sept. 20-21 meeting. This feeling was based on the weaker-than-expected August jobs report released last week. Although Rosengren did not specifically mention September, his words, to some degree, leaves the door open to a rate hike, which Wall Street is not positioned for according to analysts.

Key levels to watch next week: Continue reading "Stocks Tumble On Fear Of Interest Rate Hike" →