{"id":24424,"date":"2014-01-06T13:35:13","date_gmt":"2014-01-06T18:35:13","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=24424"},"modified":"2014-01-06T13:35:13","modified_gmt":"2014-01-06T18:35:13","slug":"3-stocks-to-watch-this-week","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2014\/01\/3-stocks-to-watch-this-week\/","title":{"rendered":"3 Stocks To Watch This Week"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" alt=\"\" src=\"\/img\/sites\/ino\/email\/5078.jpg\" width=\"51\" height=\"51\" \/>Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your <strong><a href=\"http:\/\/club.ino.com\/join\/videos\/latest\/?vidid=club-mc_update_20140106&mkt=blog1pm0106\" target=\"_blank\">video update<\/a><\/strong> for Monday, the 6th of January.<\/p>\n<h2 style=\"color: #003380; font-size: 17px;\">2 Stocks To Watch<\/h2>\n<p>Eli Lilly and Company <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/LLY\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NYSE:LLY)<\/a>, developer, manufacturer and seller of pharmaceutical products worldwide, had a new monthly Trade Triangle today at $51.62 and in doing so also broke above an 8-month long-term downtrend line. This stock is clearly in an uptrend and I would want to treat it and approach it from the long side. <\/p>\n<p>My upside target for this stock is $57-$58. As always, I will be using the weekly Trade Triangle for any subsequent exits and entries.<\/p>\n<p><a href=\"http:\/\/club.ino.com\/join\/videos\/latest\/?vidid=club-mc_update_20140106&mkt=blog1pm0106\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" alt=\"\" src=\"\/img\/sites\/ino\/email\/5483.jpg\" width=\"636\" height=\"358\" \/><\/a><\/p>\n<p>Information technology (IT) and infrastructure management software company, Solarwinds <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/SWI\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NYSE:SWI)<\/a>, appears to have completed a 61.8% Fibonacci correction from its highs set back in September of 2012 around the $60 area.<!--more--> With today's appearance of a new monthly green Trade Triangle, the trend has once again turned back up, indicating that the stock should be moving higher at least to the $45 level. This level would represent a 50% recovery from the major correction. Today's monthly Trade Triangle signal came in at $39.15, and the market is trading just a little below that level at the moment.<\/p>\n<h2 style=\"color: #003380; font-size: 17px;\">Remember Groupon?<\/h2>\n<p>Remember Groupon <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/GRPN\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NASDAQ:GRPN)<\/a>? The discount online company that gives you deals on everything from facials to kayak rides? Well, it popped up on my radar screen today thanks to a new monthly Trade Triangle signal. The signal came in at $12.31 and looking at the longer-term picture for Groupon, it would appear as though this stock could get back to the $16.75 level. This would represent a 61.8% Fibonacci retracement. Is someone or something breathing new life into Groupon? At least it appears that way on the chart.<\/p>\n<p>A word of caution, we are still in thin holiday trading markets and will remain there until everyone returns from vacations and gets serious about trading the markets next week.<\/p>\n<p>Every success in the market and have a great trading day,<br \/>\n<a href=\"http:\/\/www.ino.com\/blog\/about-adam-hewison\/\" target=\"_blank\">Adam Hewison<\/a><br \/>\nPresident, INO.com<br \/>\nCo-Creator, MarketClub<\/p>\n<p><a href=\"http:\/\/search1.bloomberg.com\/search\/?content_type=all&amp;page=1&amp;q=hewison\" target=\"_blank\" rel=\"attachment wp-att-6508\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft  wp-image-6508\" alt=\"Bloomberg\" src=\"\/img\/sites\/ino\/email\/5074.jpg\" width=\"215\" height=\"51\" \/><\/a> <a href=\"http:\/\/www.bnn.ca\/Search.aspx?query=hewison\" target=\"_blank\" rel=\"attachment wp-att-6507\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6507 alignleft\" alt=\"BNN\" src=\"\/img\/sites\/ino\/email\/5075.jpg\" width=\"117\" height=\"50\" \/><\/a> <a href=\"http:\/\/search.cnbc.com\/main.do?target=all&amp;categories=exclude&amp;keywords=hewison\" target=\"_blank\" rel=\"attachment wp-att-6506\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6506 alignleft\" alt=\"CNBC\" src=\"\/img\/sites\/ino\/email\/5076.jpg\" width=\"111\" height=\"50\" \/><\/a> <a href=\"http:\/\/www.foxbusiness.com\/search-results\/search?q=hewison\" target=\"_blank\" rel=\"attachment wp-att-6505\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-6505 alignnone\" alt=\"FOX\" src=\"\/img\/sites\/ino\/email\/5077.jpg\" width=\"241\" height=\"51\" \/><\/a><\/p>\n<p><em><strong>Adam appears frequently on the following financial news channels as a guest expert. Click on any cable logo to watch Adam's latest appearance.<\/strong><\/em><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Monday, the 6th of January. 2 Stocks To Watch Eli Lilly and Company (NYSE:LLY), developer, manufacturer and seller of pharmaceutical products worldwide, had a new monthly Trade Triangle today at $51.62 and in doing so also broke [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[6028,59,1130,5947,1768,4074,6029],"class_list":["post-24424","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-eli-lilly-and-company-nyselly","tag-fibonacci","tag-fibonacci-retracement","tag-groupon-nasdaqgrpn","tag-marketclub-tips-talk","tag-monthly-trade-triangles","tag-solarwinds-nyseswi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>3 Stocks To Watch This Week - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2014\/01\/3-stocks-to-watch-this-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Stocks To Watch This Week - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Monday, the 6th of January. 2 Stocks To Watch Eli Lilly and Company (NYSE:LLY), developer, manufacturer and seller of pharmaceutical products worldwide, had a new monthly Trade Triangle today at $51.62 and in doing so also broke [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2014\/01\/3-stocks-to-watch-this-week\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader&#039;s Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-01-06T18:35:13+00:00\" \/>\n<meta name=\"author\" content=\"The INO.com Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The INO.com Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2014\/01\/3-stocks-to-watch-this-week\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2014\/01\/3-stocks-to-watch-this-week\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"3 Stocks To Watch This Week\",\"datePublished\":\"2014-01-06T18:35:13+00:00\",\"dateModified\":\"2014-01-06T18:35:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2014\/01\/3-stocks-to-watch-this-week\/\"},\"wordCount\":362,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"Eli Lilly and Company (NYSE:LLY)\",\"Fibonacci\",\"fibonacci retracement\",\"Groupon (NASDAQ:GRPN)\",\"MarketClub Tips &amp; 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Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Monday, the 6th of January. 2 Stocks To Watch Eli Lilly and Company (NYSE:LLY), developer, manufacturer and seller of pharmaceutical products worldwide, had a new monthly Trade Triangle today at $51.62 and in doing so also broke [&hellip;]","og_url":"https:\/\/www.ino.com\/blog\/2014\/01\/3-stocks-to-watch-this-week\/","og_site_name":"INO.com Trader&#039;s Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2014-01-06T18:35:13+00:00","author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2014\/01\/3-stocks-to-watch-this-week\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2014\/01\/3-stocks-to-watch-this-week\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"3 Stocks To Watch This Week","datePublished":"2014-01-06T18:35:13+00:00","dateModified":"2014-01-06T18:35:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2014\/01\/3-stocks-to-watch-this-week\/"},"wordCount":362,"commentCount":0,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"keywords":["Eli Lilly and Company (NYSE:LLY)","Fibonacci","fibonacci retracement","Groupon (NASDAQ:GRPN)","MarketClub Tips &amp; 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