Check out the new video from INO. Title of the video...How low can the Dow go?
http://www.ino.com/info/263/CD3393/&dp=0&l=0&campaignid=3
Make no mistake about it, the market action on Wednesday (November 19th) was extremely negative for all of the indices that we track. The close below 8,000 on the DOW can only be described as negative, indicating further weakness to the downside. I am looking for this index to trade down to around the 6600-6700 level.
Looking at the charts using our "Trade Triangle" technology, it is clear that the Dow has been under pressure since our first major sell signal at 11,290. I see no reason to alter this stand, as I believe the trend will continue to be on the downside. I expect to see further weakness in the weeks and months to come.
Here are the three choices you have as an investor:
1. You can go long a market.
2. You can go short a market.
3. You can move into cash.
I'm often amused when I see people buying "defensive stocks." Why not get out of the market entirely when it's going down. Doesn't that make more sense to everyone?
However, most brokers want you to stay in the market at all times fearing that they will miss a bottom. Truth is, most investors (including brokers) missed the top, so what makes anyone so sure that they'll catch the bottom?
The key in trading is not to get out at the top, or in at the bottom. Anyone who tells you to do that isn't playing smart in the markets, and most likely claims that they are holding the "holy grail" of trading.
An investor's goal should be to capture 70% of a move. The middle is the sweet spot, and if you make enough in the middle then who cares about the tops and bottoms. Forget picking up the 15% on the top and 15% on the bottom, it doesn't work consistently to use it as a trading strategy.
Check out my new video and see exactly where we got out of the indexes and were we see them headed right now...
Enjoy the video
http://www.ino.com/info/263/CD3393/&dp=0&l=0&campaignid=3
Adam Hewison
President, INO.com
Co-creator, MarketClub
Monday, November 24, 2008
Wednesday, November 19, 2008
What's ahead for Apple?
Another video from INO.
What's ahead for Apple?
I was looking over several charts this past weekend and I was shocked to recognize a chart formation playing out before my very eyes. I've seen this same formation a million times before, but I just didn't want to believe it could be happening to my favorite stock, Apple (NASDAQ_AAPL). Some would call this denial.
In the past I've written extensively about Apple products on this blog. If you have read any of these postings, you'd know how crazy I am about their products.
Several months ago I discovered a major technical formation that spelled trouble for Apple. I have to admit that I was saddened by this. This formation was also picked up by our "Trade Triangle" technology. Our algorithm triggered a sell signal and has continued to suggest a short position for Apple all this time.
Watch my new video on Apple.
http://www.ino.com/info/262/CD3393/&dp=0&l=0&campaignid=3
I was surprised that we've seen this market come down so easily. It seems like every time I visit an Apple store they are always busy and their products always seem to be selling well.
The question is, are we at the end of the iPod era?
Given the chart formation, the double top and pivot point, it seems we are headed lower. The Pivot Point measures down to the $40-$50 range and Apple at $90 still has a long way to go on the downside.
What caught my eye this weekend was a weekly continuation pattern to the downside and the fact that Apple closed at a new weekly low for the year. This is not a bullish sign by any stretch of the imagination.
For this coming week, I expect to see further downside pressure on Apple. I believe that we are going to be looking at the $50-60 dollar range as our target zone. Of course everything within will be tempered by our "Trade Triangle" technology. When our short-term "Trade Triangle" turns positive, we will close out short positions and take to the sidelines. In my opinion, it's going to take some time for this market to improve and turn around. The technicals are just too weak at the moment.
http://www.ino.com/info/262/CD3393/&dp=0&l=0&campaignid=3
Every success in trading,
Adam Hewison
President, INO.com
Co-creator, MarketClub
What's ahead for Apple?
I was looking over several charts this past weekend and I was shocked to recognize a chart formation playing out before my very eyes. I've seen this same formation a million times before, but I just didn't want to believe it could be happening to my favorite stock, Apple (NASDAQ_AAPL). Some would call this denial.
In the past I've written extensively about Apple products on this blog. If you have read any of these postings, you'd know how crazy I am about their products.
Several months ago I discovered a major technical formation that spelled trouble for Apple. I have to admit that I was saddened by this. This formation was also picked up by our "Trade Triangle" technology. Our algorithm triggered a sell signal and has continued to suggest a short position for Apple all this time.
Watch my new video on Apple.
http://www.ino.com/info/262/CD3393/&dp=0&l=0&campaignid=3
I was surprised that we've seen this market come down so easily. It seems like every time I visit an Apple store they are always busy and their products always seem to be selling well.
The question is, are we at the end of the iPod era?
Given the chart formation, the double top and pivot point, it seems we are headed lower. The Pivot Point measures down to the $40-$50 range and Apple at $90 still has a long way to go on the downside.
What caught my eye this weekend was a weekly continuation pattern to the downside and the fact that Apple closed at a new weekly low for the year. This is not a bullish sign by any stretch of the imagination.
For this coming week, I expect to see further downside pressure on Apple. I believe that we are going to be looking at the $50-60 dollar range as our target zone. Of course everything within will be tempered by our "Trade Triangle" technology. When our short-term "Trade Triangle" turns positive, we will close out short positions and take to the sidelines. In my opinion, it's going to take some time for this market to improve and turn around. The technicals are just too weak at the moment.
http://www.ino.com/info/262/CD3393/&dp=0&l=0&campaignid=3
Every success in trading,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Tuesday, November 18, 2008
Learn the Basics of Elliot Wave
Elliot Wave International, whose president is Robert R. Prechter, Jr., is a forecasting company which has been publishing analysis on the markets since 1979. Their specialty of course is Elliot Waves. I only found out about them about two years ago when I was doing research on Elliot Waves. This is a must site for Elliot wave followers. I in no way benefit from recommending this site nor was paid for making them sound good. Well not yet(I haven't signed up for their affiliate program yet).I just think this is another great arsenal for the student.
On their website they have some free educational resources such as a free 10-lesson course on wave principles, pdf downloads, free newsletters into your inbox, and what I particularly like the best, instruction videos. The videos are usually short and might cover recent historical market movements but are good for learning from their analysis.
You have to sign up for the site. It's free. However, be warned that you will get a lot of emails and you might not be able to keep up. But everything in the emails are on their site.
Check them out.
http://www.elliottwave.com/club/
Happy wave counting!!
On their website they have some free educational resources such as a free 10-lesson course on wave principles, pdf downloads, free newsletters into your inbox, and what I particularly like the best, instruction videos. The videos are usually short and might cover recent historical market movements but are good for learning from their analysis.
You have to sign up for the site. It's free. However, be warned that you will get a lot of emails and you might not be able to keep up. But everything in the emails are on their site.
Check them out.
http://www.elliottwave.com/club/
Happy wave counting!!
Friday, November 14, 2008
A plan to save the world -- part two, or is it three?
Another message and video from INO's president, Adam Hewison.
When Paulson came out today and stated that his earlier plan to save the western world was not working, he offered up a plan "C" (or is it "D") to relieve pressure on consumer credit, scrapping his earlier effort to buy the value mortgage assets.
No matter what happens or what the next plan is here, are the 3 reasons I believe stocks are headed lower.
* Number one: The trend in most all stocks is down. This trend is likely to persist and last longer than most people imagine.
* Number two: There is no plan. The government is floundering and does not have a plan that is going to work anytime soon.
* Number three: We have a lame-duck president, and nothing is going to happen of any consequence until President-elect Obama is sworn in.
New Video analysis of what could really happen:
http://www.ino.com/info/259/CD3393/&dp=0&l=0&campaignid=3
Okay, so let's look at the first problem. Most people trading the market today have had no experience in a prolonged bear market like the one we had in the '70s. That bear market was brutal as it did not let anyone out. Over the course of the early '70s, the bear market basically wore people out to the extent they eventually just threw in the towel. We believe the market is going to make another new low and take out the recent lows that were put in place in early October. Unlike a bull market that constantly needs positive news to drive it higher, a bear market just falls under its own weight.
The second problem we have is that there is no concrete plan in place to rescue the economy. In fact, the domestic and global economic issues are so great that they are overwhelming in scope. The Paulson plan, which is being changed and will continue to change, is a major concern and creates significant uncertainty in the marketplace. Only when we see the new regime take! off ice this coming January will we see any meaningful changes.
The third problem we have is a lame-duck president. This is a major problem for the markets as President-elect Obama can not make any sweeping changes until he is sworn into office. Yes, he may hit the ground running, but the reality is, it's not for over two months from now and a lot can happen to the market in two months. The key levels that everyone is going to be watching for are the recent lows we saw in early October. If these lows are taken out, and I expect they will be, it's going to push this market and everything else down to new lows. It will exacerbate the housing situation, the unemployment situation and most of all, the morale of the country.
Having lived through the bear market of the '70s, I know firsthand how difficult the journey we face is going to be. Now this may seem like a very pessimistic outlook and in some ways it is, however there are always opportunities to make mone! y i n the marketplace. These opportunities may not be in stocks! , it may be in forex or the commodity markets.
So buckle your seatbelt. I think we are in for a bumpy ride...check out the new video analysis:
http://www.ino.com/info/259/CD3393/&dp=0&l=0&campaignid=3
Adam Hewison,
President, INO.com
Co-Creator, MarketClub
When Paulson came out today and stated that his earlier plan to save the western world was not working, he offered up a plan "C" (or is it "D") to relieve pressure on consumer credit, scrapping his earlier effort to buy the value mortgage assets.
No matter what happens or what the next plan is here, are the 3 reasons I believe stocks are headed lower.
* Number one: The trend in most all stocks is down. This trend is likely to persist and last longer than most people imagine.
* Number two: There is no plan. The government is floundering and does not have a plan that is going to work anytime soon.
* Number three: We have a lame-duck president, and nothing is going to happen of any consequence until President-elect Obama is sworn in.
New Video analysis of what could really happen:
http://www.ino.com/info/259/CD3393/&dp=0&l=0&campaignid=3
Okay, so let's look at the first problem. Most people trading the market today have had no experience in a prolonged bear market like the one we had in the '70s. That bear market was brutal as it did not let anyone out. Over the course of the early '70s, the bear market basically wore people out to the extent they eventually just threw in the towel. We believe the market is going to make another new low and take out the recent lows that were put in place in early October. Unlike a bull market that constantly needs positive news to drive it higher, a bear market just falls under its own weight.
The second problem we have is that there is no concrete plan in place to rescue the economy. In fact, the domestic and global economic issues are so great that they are overwhelming in scope. The Paulson plan, which is being changed and will continue to change, is a major concern and creates significant uncertainty in the marketplace. Only when we see the new regime take! off ice this coming January will we see any meaningful changes.
The third problem we have is a lame-duck president. This is a major problem for the markets as President-elect Obama can not make any sweeping changes until he is sworn into office. Yes, he may hit the ground running, but the reality is, it's not for over two months from now and a lot can happen to the market in two months. The key levels that everyone is going to be watching for are the recent lows we saw in early October. If these lows are taken out, and I expect they will be, it's going to push this market and everything else down to new lows. It will exacerbate the housing situation, the unemployment situation and most of all, the morale of the country.
Having lived through the bear market of the '70s, I know firsthand how difficult the journey we face is going to be. Now this may seem like a very pessimistic outlook and in some ways it is, however there are always opportunities to make mone! y i n the marketplace. These opportunities may not be in stocks! , it may be in forex or the commodity markets.
So buckle your seatbelt. I think we are in for a bumpy ride...check out the new video analysis:
http://www.ino.com/info/259/CD3393/&dp=0&l=0&campaignid=3
Adam Hewison,
President, INO.com
Co-Creator, MarketClub
Thursday, November 6, 2008
Another view on drawing Support and Resistance
When it comes to trading strategies, price action and pattern trading are number one on my list. I love drawing trend lines and I believe they helped a great deal with my trading.
Here is a forum on forexfactory.com about "drawing correct resistance and support-lines" that I believe is interesting and helpful. Also, find on the first page a link to a Adobe format (pdf) ebook on TD Lines and a strategy to trade them.
http://www.forexfactory.com/showthread.php?t=69882
Happy Trading.
Here is a forum on forexfactory.com about "drawing correct resistance and support-lines" that I believe is interesting and helpful. Also, find on the first page a link to a Adobe format (pdf) ebook on TD Lines and a strategy to trade them.
http://www.forexfactory.com/showthread.php?t=69882
Happy Trading.
Wednesday, November 5, 2008
Review: rssHugger.com
This is off topic but I thought this would be helpful to anyone that owns a blog and would like a free way to gain more traffic and readers. I came across this site called rssHugger.com.
They have a top 100 list in which they rotate at the beginning of every month. This is to give every blog a chance to be recognized. Registration is free, easy and quick. Of course I've listed mytradersed.blogspot.com and in return I write a review for their site. Go to http://www.rsshugger.com
They have a top 100 list in which they rotate at the beginning of every month. This is to give every blog a chance to be recognized. Registration is free, easy and quick. Of course I've listed mytradersed.blogspot.com and in return I write a review for their site. Go to http://www.rsshugger.com
Tuesday, November 4, 2008
Free Trade Alert!! - This Stock is Ready to Fly
See this free video from INO.com's, Adam Hewison, on a stock that might be ready to move. Please observe how Adam analyze this stock and learn from it. His analysis is pretty good using standard technical analysis even before incorporating Marketclub's trading triangles. After watching the video you can sign up to receive an alert for a new post or video.
Here is a message from Adam Hewison on the stock:
"This stock may be getting ready to fly.
I was looking through our alerts recently and this stock just jumped out at me. I want to share my thoughts about what I expect will happened to this market in this short video. We've discussed this pattern before on several other videos and all have worked out very successfully.
http://www.ino.com/info/257/CD3393/&dp=0&l=0&campaignid=3
There's never a guarantee in trading and you should not look upon this as a slam dunk. However, all the odds favor this that this stock maybe on the runway and ready to take off in a positive direction.
Take a quick look at this short video and see what you think. I think you'll be impressed at the pattern and the possibilities that this market has on the upside.
http://www.ino.com/info/257/CD3393/&dp=0&l=0&campaignid=3
The video is available right now and there is no charge or registration.
Enjoy,
Adam Hewison
President, INO.com
Co-creator, MarketClub "
Here is a message from Adam Hewison on the stock:
"This stock may be getting ready to fly.
I was looking through our alerts recently and this stock just jumped out at me. I want to share my thoughts about what I expect will happened to this market in this short video. We've discussed this pattern before on several other videos and all have worked out very successfully.
http://www.ino.com/info/257/CD3393/&dp=0&l=0&campaignid=3
There's never a guarantee in trading and you should not look upon this as a slam dunk. However, all the odds favor this that this stock maybe on the runway and ready to take off in a positive direction.
Take a quick look at this short video and see what you think. I think you'll be impressed at the pattern and the possibilities that this market has on the upside.
http://www.ino.com/info/257/CD3393/&dp=0&l=0&campaignid=3
The video is available right now and there is no charge or registration.
Enjoy,
Adam Hewison
President, INO.com
Co-creator, MarketClub "
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