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 the “Trade Triangle” technology. The algorithm triggered a sell signal and has continued to suggest a short position for Apple all this time.
Click here to watch the new video on Apple.
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 the “Trade Triangle” technology. When the 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.
Click here to watch this video now.
Every success in trading.
Dollar…Stocks…Crude…what’s next?
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 1: The trend in most all stocks is down. This trend is likely to persist and last longer than most people imagine.
- Number 2: There is no plan. The government is floundering and does not have a plan that is going to work anytime soon.
- Number 3: 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: Click Here.
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…click here to heck out the new video analysis.
Adam Hewison,
President, INO.com
Co-Creator, MarketClub
Where is the bottom in Crude?
I’m sure as a trader you’ve heard the expression, the “trend is your friend.” That was never more true than today as crude oil (NYMEX_CL) crashed to new lows and the stock market resumed its downward trend.
Today we are focusing on crude oil and the reason why it fell to new lows. We’re also going to be looking at all of the “Trade Triangle” signals that we have received on crude oil since last July. The video is about nine minutes long and I highly recommend you watch it, simply because it shows you just how powerful trends can be.
The video also shows you why price action is more important than fundamentals. If you have a few minutes, please take the time to watch the video and learn how the markets really work.
Since Barack Obama was named President elect, we can see how the markets have reacted at least in the short-term. Maybe not a reflection of Obama’s potential as a president, maybe a reality check for problems in the economy. Not even the record cut in interest rates by the UK could help the markets today.
Enjoy the video and please let us know if you’ve found it to be helpful and useful in your own trading plan.
Every success in life and in trading,
Average Directional Movement Index (ADX)
Mark McRae just released an interesting report. Just thought to share with you here..
click here to download directly
He really go into depth on how this indicator works. We also cover techniques of how to use the indicator. These are the same techniques that a few elite traders have been using to trade the markets every day.
I’ve been told that these underground reports have created quite a following. When we cover a topic, you basically have all the information you need on that technique. Many traders print these reports out and keep them for reference. I highly recommend you do the same thing.
What the heck is going on with Gold?
Gold at the moment is perplexing to a great many traders. To many it was a shock when gold recently traded below the $700 an ounce level. So the question is, what happened to the $2,000 an ounce target that most gold bugs were calling for?
In this new released video, Adam explore that question and look at what he think will be this markets next move. You might find his analysis and conclusions rather surprising.
Enjoy the video!
Forex Avenger
We just posted the review for Forex Avenger system. This is a new course just launched today. Click here to read our review.
- Truth #1 - The Forex Avenger system is totally mechanical.
- Truth #2 - You can’t make a mistake. You just follow the rules.
- Truth #3 - The Forex Avenger rules are easier than the instructions on a microwave meal.
Video proof of Crude Oil’s results
Adam from INO just finished a new educational trading video on crude oil. This short video shows you all the Q3 trading signals that took place in this market. The results have been nothing short of spectacular. With gains of over 20,750 per contract, I think you’ll understand why they are so excited about their “Trade Triangle” technology and this video. During the Q3 period they had six trades; four winners and two losers. The biggest gain was 13,160 a contract, while the biggest loss was 3,770.00. Q3 was a great quarter that produced fabulous results.
While their Q3 results were great, what is more impressive is their “Trade Triangle” approach has consistently produced positive gains for the past five quarters. With gains of 88,450.00 per contract over that last five quarters, you can see why they believe they have the perfect balanced approach to this market. That’s what they are most proud of.
Click here to enjoy the video.
PS. Adam ran the Q3 numbers on his blog… WOW!
Click here to read more details in his blog.
Is Gold the Game Changer?
There’s no doubt about it, these are volatile times and that is reflected in the broad swings in all of the markets. One market that had a huge move today may have produced a game changer that you can make money on.
This is referring to a major commodity that has not acted like it would normally act in an economic crisis.
What successful traders do in today’s market?
The big question most traders around the globe are asking is:
“How do I trade in a market like the one we’re in the midst of right now?!”
That’s a fair question, IF you don’t have a set of good trading methods.
However, the select groups of traders who DO have good trading methods aren’t even thinking about that question.
They just follow the rules of their methods, which, BY DESIGN, keep them out of the market for the most part when it behaves like it has in recent weeks.
* And that is the difference between a successful trader and a trader who consistently loses.
HOW SUCCESSFUL TRADERS MAINTAIN THEIR ‘EDGE’
To see how successful traders handle markets like we’re in right now, watch this brand new, short video that spotlights a few recent trades that were picked off a week BEFORE the market tanked on 9/29.
You’ll see:
* James River Coal Company (JRCC)
- Went short 9/22
- Hit 10% profit target a few days later
- Then grabbed another profit with a special technique
- smart traders use. (You have to see this.)
* Mosaic Company (MOS)
- Went short 9/23
- Hit 10% profit target very quickly
- Using the same technique as with JRCC, collected even more profit as the market continued to tank.
So where’s the market heading next?
- Amateurs lose sleep when they think about this question.
- And successful traders, honestly, DON’T CARE where the market is headed next… because they have step-by-step rules that let them spot profit potential NO MATTER WHAT HAPPENS.
Click here to watch the video.
Good Trading.
Video Lesson: Fear
“The only thing we have to fear is fear itself.”
Thus spoke Franklin D. Roosevelt 75 years ago.
Looking back on Roosevelt’s speech in 1933, 4 years after the infamous crash of ‘29, he was referring to the economic conditions of the time — better known as The Great Depression. In essence he was saying that if we can’t shake our pessimistic economic outlook, it will be tough to turn things around.
The question is… are things different this time?
The answer is yes and no. People are still fearful of what the future holds and they have very little confidence in the economy. The big difference between the crash of ‘08 and the crash of ‘29 is that we now have India and China on the world stage. Back in ‘29, both of these countries where not on the radar. In fact India was under British Rule.
Both India and China’s economies will suffer with the turn down here in the US. They are now going to have to generate their own domestic consumption patterns for the goods and services they formally sold to the US. This is going to be hard to do as so much of their economy is based on exports which are evaporating quickly.
The fact of the matter is that the markets are extraordinarily turbulent. We do not expect, even with the worldwide bailout, for things will be rosy again anyt ime soon. However, that does not rule out some extraordinary trading opportunities in the markets. This is a time for rational thinking. It is also a time to eliminate fear from trading.
There is no need for fear in one’s trading plan if you’re running with a diversified program that has proven to be successful over time. What I mean by overtime is not just the last six months, or six years, but over a long period of time I mean as much as 30 years.
When you have a program that puts the odds on your side, you can trade with confidence knowing that you’re going to lose some small skirmishes in the market, but overall you will make money based on your own trading decisions.
Many of you know that we trade using MarketClub’s “Trade Triangle” technology. This approach has proven successful in all types of markets, including the one’s we are in now.
I’ve put together a short 12 minute video to show you how we have fared in three different markets us ing this technology.
For a small percentage of you, this video will be an eye-opening experience. For another percentage of you, you are already fearless MarketClub members. There will also be some of you that are successful traders using your own system, and there is probably no need to watch this video.
Trading should be an unemotional experience. If you are trading for the excitement, odds are you’re going to lose. If you are trading just to say that you trade, you’re probably going to lose. If your trade for any other reason than to make money, you’re probably going to lose.
The possibility of successfully trading any market is out there. This video will show you how our unemotional, time tested approach to the stock, future, forex, etf, and mutual fund market will put the odds in your favor that you are on the right side of these extraordinary trading times.
“The only limits to our realization of tomorrow will be our doubts of today.”
Franklin D. Roosevelt
Every success.
