Starbucks Corp. (NASDAQ:SBUX) Under The Microscope

Let me start off by saying that I think Starbucks Corp.(NASDAQ:SBUX) makes a great cup of coffee and provides a very good service. Having said that, I don't like the stock of Starbucks right now.

Today a monthly red Trade Triangle triggered, which is the first monthly Trade Triangle we have had in 14 months. This is a significant technical development and it indicates changes in the picture and direction of Starbucks and should not be ignored. Continue reading "Starbucks Corp. (NASDAQ:SBUX) Under The Microscope"

Best Buy (NYSE:BBY) Implodes

Best Buy Co., Inc. (NYSE:BBY) was one of the top performing stocks in 2013. Best Buy (NYSE:BBY) reported on Thursday that total revenue and sales at its established US stores fell in the all-important holiday season due to intense discounting by rivals, supply problems for key products and generally weaker traffic in December. After starting out the trading year of 2013 at $12, this stock performed like the energizer bunny and kept going and going and going for most of the year. It hit a high of $44.60 on November 13th, a month before the all-important holiday season reality set in.

What Does This Company Do?

Best Buy Co., Inc.(NYSE:BBY) operates as an e-commerce and physical retailer of consumer electronics in the United States, Europe, Canada, and China.

Was Best Buy's Implosion Predictable?

No one can predict with 100% certainty what's going to happen in any given market. What technical analysis can do, and does do very well, is put the odds in your favor and give you a high degree of confidence that something is going to happen. It also acts to protect your capital when things go wrong in a market. That is done through the use of money management and discipline, both of which I talk about frequently on this blog. Let me illustrate for you how two simple technical tools would have helped you avoid today's disaster in Best Buy. Continue reading "Best Buy (NYSE:BBY) Implodes"

5 Must-Know Indicators - Technical Analysis For Beginners

Using Technical Analysis Indicators

Technical analysis is a method of examining past market data to help forecast future price movements. Using different tools, indicators, and charts, traders can spot important price patterns and market trends, and then use that data to anticipate a market's future performance.

Technical analysis is based around a market's price history, rather than the fundamental data like earnings, dividends, news, and events. The belief is that price action tends to repeat itself and the patterns can be identified and used to define a market's trend.

Since MarketClub offers a variety of chart studies that can be helpful in your technical analysis, I'd like to highlight several of the most popular technical indicators and how you can use them.

The Moving Average Convergence/Divergence (MACD) Indicator

Continue reading "5 Must-Know Indicators - Technical Analysis For Beginners"

Strategy Trading Using Next Day Predictive Highs and Lows

We get a lot of questions here at MarketClub about how to use highs and lows to predict market movement. As a treat to our Trader’s Blog readers we have asked Darell Jobman, a leading expert in technical analysis to share some his techniques. In this video workshop you’ll discover how to putting indicator clues together to identify setups for a new trend. Darrell has been writing about financial markets for more than 35 years and has become an acknowledged authority on derivative markets, technical analysis and various trading techniques.

 

Watch Now:Spotting Breakouts That Lead To Trend Reversals

 

Best,
The INO Team

Where Are The Markets Heading?

Hello traders everywhere!  Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Thursday, the 11th of August.

VEG-O-MATIC

Please see our earlier post today!

I think that many of the markets have reached an inflection point.  The equity markets appear to have put in an interim low that was seen last Tuesday.  Crude oil and the Reuters/Jefferies CRB index also appear to be following that trend.

Gold has more than likely put in a top when it traded over $1800.  We don't believe this is the final top, but just in interim top, as a lot of traders got into this market very late.  Silver on the other hand continues to be lackluster compared to gold, and remains on the defensive.  Intermediate term traders should be out of silver and on the sidelines.
So let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "Where Are The Markets Heading?"