{"id":39345,"date":"2016-07-08T11:00:58","date_gmt":"2016-07-08T15:00:58","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=39345"},"modified":"2016-07-08T11:21:14","modified_gmt":"2016-07-08T15:21:14","slug":"5-reasons-to-like-this-stock","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2016\/07\/5-reasons-to-like-this-stock\/","title":{"rendered":"5 Reasons To Like This Stock"},"content":{"rendered":"

Hello MarketClub members everywhere. We have come to the end of the week and it has been a welcome relief to see a little less volatility in the marketplace.<\/p>\n

\"MarketClub's<\/a><\/p>\n

Looking through my Trade Triangles alerts last night, I noticed this one stock that has many of the winning characteristics I like to see in an individual stock. Let's go through them one by one:<\/p>\n

1. All of the Trade Triangles are aligned and in a positive mode.<\/p>\n

2. The stock is trading above its 50 RSI line<\/a>.<\/p>\n

3. The stock has broken out of a seven-month base.<\/p>\n

4. The stock is fairly low-priced at $11.47<\/p>\n

5. The stock has a favorable risk reward trade.<\/p>\n

The stock I'm talking about is TerraForm Power, Inc. (NASDAQ:TERP)<\/a><\/strong>. You may want to check this stock out as it is up 4.7% for the week and let me know what you think. <\/p>\n

Gold (FOREX:XAUUSDO)<\/a><\/strong>: The spot gold market is up 1.15% for the week as of last night's closing prices and continues to look positive in the longer run. I suspect that any setbacks in this market will find good support at the 50 RSI line. Intermediate upside target zone for gold is $1395-$1400.<\/p>\n

Indices<\/strong>: After the previous week's volatility the indices have settled down and are little changed for the week. Both the S&P 500 (CME:SP500)<\/a><\/strong> and the Dow (INDEX:DJI)<\/a><\/strong> are slightly lower with losses of about 0.30% while the NASDAQ (NASDAQ:COMP)<\/a><\/strong> is just up 0.23% based on last night's closing prices. We continue to see a battle between the bulls and the bears and a trading range environment with no clear side having the edge at the moment. The only major index that is negative is the NASDAQ, which has both a monthly and weekly red Trade Triangle to the downside.<\/p>\n

Crude Oil (NYMEX:CL.Q16.E)<\/a><\/strong>: Crude oil is the big loser for the week or big winner if you are short. Crude is down 7.37% as of last night's closing prices. As I pointed out in my video update on Wednesday<\/a>, I can see this market going still lower as the trend continues. <\/p>\n

Stay focused and disciplined.<\/p>\n

Every success with MarketClub,
\nAdam Hewison<\/a>
\nPresident, INO.com
\nCo-Creator, MarketClub<\/p>\n","protected":false},"excerpt":{"rendered":"

Hello MarketClub members everywhere. We have come to the end of the week and it has been a welcome relief to see a little less volatility in the marketplace. Looking through my Trade Triangles alerts last night, I noticed this one stock that has many of the winning characteristics I like to see in an […]<\/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":[8492,6249,5519,4257,6320,6319,8505],"class_list":["post-39345","post","type-post","status-publish","format-standard","hentry","category-trading-videos","tag-crude-oil-nymexcl-q16-e","tag-dow-indexdji","tag-gold-forexxauusdo","tag-mid-day-report","tag-nasdaq-nasdaqcomp","tag-sp-500-cmesp500","tag-terraform-power-inc-nasdaqterp"],"yoast_head":"\n5 Reasons To Like This Stock - INO.com Trader'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\/2016\/07\/5-reasons-to-like-this-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Reasons To Like This Stock - INO.com Trader's Blog\" \/>\n<meta property=\"og:description\" content=\"Hello MarketClub members everywhere. 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