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.
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.
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 10th of June.
Apple's Big Day
Today, Apple (NASDAQ:AAPL) kicks off its developers conference in San Francisco. This is the day that the Apple-faithful have been patiently waiting for. It is widely speculated that Apple will announce IOS 7, a new operating system, and perhaps some other upgrades. No new disruptive technologies are expected to be announced at this conference, but with Apple you never know. One of the presenters today is Sir Jonathan Paul "Jony" Ive, who is the genius designer for many of Apple's most recent products. In my opinion, Jony was the main creative force behind Steve Jobs. The new operating system is rumored to be cleaner, simpler and “flatter”, moving away from the skeuomorphic design. Apple is also expected to announce a new music service that's going to go head-to-head with the likes of Pandora, Spotify, and other online streaming music platforms. Let's put everything in perspective, Apple has 500 million users, Pandora has less than 70 million. Mathematically, this gives Apple a huge advantage in terms of creating a really successful, new income-producing music service. Initially iRadio, as the name is rumored to be, will be supported by ads, and eventually it will end up becoming a recurring revenue product. I will be covering Apple in today's daily update. Continue reading "Today's Video Update: Apple's Big Day And Waze To Go Google"→
Apple (NASDAQ:AAPL) is expected to reveal a digital radio service and changes to the software behind iPhones and iPads on Monday as the company opens its annual conference for software developers. Apple hasn't said what it will unveil at the Worldwide Developers Conference in San Francisco. But the major announcements are expected during Monday's keynote presentation. Last year, Apple used the conference to announce its own mapping service, better integration with social networks and improvements to virtual assistant Siri. It also announced thinner MacBooks with high-resolution screens. The conference runs through Friday.
This year, Apple is expected to show off a simplified look on iPhones and iPads. If the speculation is correct, it would be the most radical design change since the iPhone made its debut in 2007, showing consumers that phones could do much more than make calls and exchange messages.
This week's event comes at an important time for Apple. The company's stock price has fallen amid concerns that another breakthrough product isn't imminent. Although CEO Tim Cook has said people shouldn't expect new products until the fall, Apple is likely to preview how future products will function in its unveiling of new services and features. Continue reading "Music service, mobile software expected from Apple"→
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 3rd of June.
As we start off the month of June, I wanted to make my latest eBook, 5 Professional Trading Rules That Will Make You Successful In Any Market, available to you with my complements. The book contains the core trading rules that you need to be successful in any market.