{"id":29393,"date":"2014-09-23T12:45:39","date_gmt":"2014-09-23T16:45:39","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=29393"},"modified":"2014-09-23T12:45:39","modified_gmt":"2014-09-23T16:45:39","slug":"was-yesterday-a-harbinger-of-things-to-come","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2014\/09\/was-yesterday-a-harbinger-of-things-to-come\/","title":{"rendered":"Was Yesterday A Harbinger Of Things To Come?"},"content":{"rendered":"<p>There's no doubt about it, yesterday was a very ugly day in the stock market. Is this a harbinger of things to come?<\/p>\n<p>Now that the market has the Alibaba Group Holding Limited <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NYSE_BABA\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NYSE:BABA)<\/a> IPO out of the way, there really seems to be no more magic to propel this market higher, at least in the short term. <\/p>\n<p>Yesterday CNBC reported that the <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/PACF_IWM\/?mktcode=tradersblogsymbols\" target=\"_blank\">Russell 2000 index<\/a> had flashed the \"death cross\". A \"death cross\" occurs when the 50-day moving average crosses below the 200-day moving average. Previously this has not been a big deal with this particular index, as it has always recovered a short time later. In light of what's going on and geopolitical concerns, this time may be different and may represent a harbinger of things to come.  <\/p>\n<p>The Middle East is another negative for stocks, as late yesterday Saudi Arabia, Jordan, the United Arab Emirates, Qatar and Bahrain joined the US in a series of airstrikes against Islamic State positions in Syria along the Iraqi border. How long will it be before the US has boots on the ground?<\/p>\n<p><a href=\"http:\/\/club.ino.com\/join\/videos\/latest\/?vidid=club-internetportfolio_20142309&mkt=freetrial-blog1pm0923\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"\/img\/sites\/ino\/email\/5912.jpg\" alt=\"\" width=\"638\" height=\"354\" \/><\/a><\/p>\n<p>As the markets chop around and seem to lack direction, sometimes the best thing to do is just be patient and wait for something to really make the markets move. Yesterday I discussed negative divergences, as we saw many of the formations setting up which can be an early warning signal of things to come.<!--more--><\/p>\n<p>I cannot stress strongly enough how important it is to have a game plan that not only tells you when you get into a market, but also tells you when to get out. I believe this is going to be even more important as we proceed into the fourth quarter.<\/p>\n<p>Anyone who's been trading since the beginning of the year has had a pretty good year, maybe now is the time to protect some of those profits.<\/p>\n<p>Today, I'm looking at our Internet portfolio that consist of the following stocks: <\/p>\n<p>Amazon.com Inc. <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NASDAQ_AMZN\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NASDAQ:AMZN)<\/a><br \/>\nFacebook Inc. <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NASDAQ_FB\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NASDAQ:FB)<\/a><br \/>\nYelp Inc. <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NYSE_YELP\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NYSE:YELP)<\/a><br \/>\nYahoo! Inc. <a href=\"http:\/\/club.ino.com\/trend\/?s=NASDAQ_YHOO&mkt=tradersblogsymbols\" target=\"_blank\">(NASDAQ:YHOO)<\/a><br \/>\nNetflix Inc. <a href=\"http:\/\/club.ino.com\/trend\/analysis\/stock\/NASDAQ_NFLX\/?mktcode=tradersblogsymbols\" target=\"_blank\">(NASDAQ:NFLX)<\/a><\/p>\n<p>Every success with MarketClub,<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<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>There's no doubt about it, yesterday was a very ugly day in the stock market. Is this a harbinger of things to come? Now that the market has the Alibaba Group Holding Limited (NYSE:BABA) IPO out of the way, there really seems to be no more magic to propel this market higher, at least in [&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":[6599,6598,6727,6537,6726,6160,6607,5587,6068,6538],"class_list":["post-29393","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-200-day-moving-average-ma","tag-50-day-moving-average-ma","tag-alibaba-group-holding-limited-nysebaba","tag-amazon-com-inc-nasdaqamzn","tag-death-cross","tag-facebook-inc-nasdaqfb","tag-internet-portfolio","tag-netflix-inc-nasdaqnflx","tag-yahoo-inc-nasdaqyhoo","tag-yelp-inc-nyseyelp"],"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>Was Yesterday A Harbinger Of Things To Come? - 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\/09\/was-yesterday-a-harbinger-of-things-to-come\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Was Yesterday A Harbinger Of Things To Come? - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"There&#039;s no doubt about it, yesterday was a very ugly day in the stock market. 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