Tag: SP500

Today's Video Update: Time to buy the Dow and Netflix?

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 Wednesday, the 21st of August.

The Dow (INDEX:DJI) has fallen back 61.8%, a key Fibonacci retracement level, and is now in an area where it should stabilize and start to move up once again. Everybody is waiting for the Fed minutes this afternoon, but I don't think there will be any change in the Fed policy for the time being.

With yesterday's news of Netflix (NASDAQ:NFLX) acquiring the exclusive broadcast rights to Weinstein films, Netflix stock shot up dramatically. I have been bullish on Netflix for some time and I continue to think this market is headed for an all time high around $300. Would I buy Netflix around current levels? Yes, with tight money-management stops. Continue reading "Today's Video Update: Time to buy the Dow and Netflix?" →

Today's Video Update: J.C. Penney & Sears report earnings this week...guess which one I'm interested in?

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 16th of August.

The meltdown last week, the worst in 14 month for the markets, was not a good one for most investors, but it was not unexpected based on our Trade Triangle technology. This week, it's a whole new picture for the markets as we have earnings coming out on some big box retailers, JC Penney (NYSE:JCP) on Tuesday and Sears (NASDAQ:SHLD) on Thursday. Continue reading "Today's Video Update: J.C. Penney & Sears report earnings this week...guess which one I'm interested in?" →

Today's Daily Update: Is Gold Indicating Trouble Ahead?

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 16th of August.

As another trading week comes to a close, it is worth noting that gold is closing at a nine week high for a Friday. I believe that this is a significant event, and believe that gold has now put in a base to move higher later this year and next year.

It's a little ironic that hedge fund traders, like George Soros, recently divested themselves of their long gold positions, as it now appears that the market has put in a major base and wants to move higher. Continue reading "Today's Daily Update: Is Gold Indicating Trouble Ahead?" →

Today's Daily Update: George Soros Jumps On The Apple Bandwagon

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 Thursday, the 15th of August.

First, Carl Icahn tweeted that Apple shares were "undervalued" and shortly after, George Soros disclosed he was accumulating more shares of Apple, while at the same time dumping his gold ETF shares.

Here we have two Wall Street titans whose average age is 80 years old. You have to love that these two guys are really shaking up the tech world showing traders around the world how it is still possible to trade at their age. Now, I'm sure they don't actually make the trades themselves, but like many traders they have others to pull the trigger. They are both doing a great job and I congratulate them both for showing the world that life begins at 80! Continue reading "Today's Daily Update: George Soros Jumps On The Apple Bandwagon" →

Today's Video Update: Never Do What This Once Smart Hedge Fund Manager Did

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 13th of August.

Never Do What This Once Smart Hedge Fund Manager Did - Not Once, But Twice!
Oh my, where do I start? This once smart hedge fund manager used to be good, so why did they make some unbelievable rookie mistakes?

What were these rookie mistakes?
1. No money management.
2. Picking a very public argument with someone in the business who is bigger, more powerful and swings a bigger axe. Continue reading "Today's Video Update: Never Do What This Once Smart Hedge Fund Manager Did" →