You are moments away from viewing free trading videos on INO TV... Please sign up using the quick form to the right:
INO TV is designed to take your trading to the next level by providing you with educational resources to help you recognize and capitalize on these trends. To gain access to your educational videos, training resources, and recent market forecasts from VantagePoint and INO.com, sign up now.
A Perfect Day For A Reversal And Some Stocks To Buy
Adam Hewison - MarketClub
Sign up for instant access
Hello MarketClub members everywhere, no doubt you have seen the sharp rally which started on Friday and continued yesterday. Tuesdays typically are days when you see a reversal and I expect today will be no different from other trend reversal days. The proximity of major resistance for all three indices indicates that professionals will be selling against those highs. I'm talking about the DOW which has major resistance at 16,993.43, the S&P 500 which has major resistance at 2020.86 and finally the NASDAQ which has resistance at 4960.87. I do not expect those levels to be taken out on this current rally. The choppy trading action we had been seeing for the past six weeks is a fight between the bullish forces and bearish forces of the market. At times like this, it is best to look at the big picture for the true trend. That picture still indicates to me that the major trend is down for all three indices. While the trend in the indices is down, it certainly hasn't put a damper on some stocks. For example, yesterday the Trade Triangles triggered a buy signal for Netflix.con (NASDAQ:NFLX) at $107.50. Another key level I'm looking at today is $550 for Amazon.com (NASDAQ:AMZN). Should Amazon trade over those levels today, it would be a clear-cut buy signal for this stock. The gold (FOREX:XAUUSDO) market gave a buy signal at 1134.75 and has been consolidating for the past three days. I expect to see this market move higher in the weeks ahead. Crude oil (NYMEX:CL.Z15.E) is also shaping up for a potential move to the upside. The key level to watch in this market is the $48 level, a move over that area would signal a continuation of the sharp up move that began in September. Another stock worth watching today is Starbucks Corp. (NASDAQ:SBUX). Should Starbucks trade over $59.50 today that will be a new all-time high and you could take a long position as all of the Trade Triangles would be green. Starbucks would have the potential of moving up to the $65-$70 range. Also in today's video, I will be looking at three stocks that I like. They are Intel Corporation (NASDAQ:INTC), Newfield Exploration Co. (NYSE:NFX) and Tyson Foods Inc. (NYSE:TSN). I will go into buying strategies and targets for each of the stocks.
Knowing when a trend is going to change course can make all the difference for your success in the markets. +
See how VantagePoint can improve your accuracy and alert you of imminent trend reversals.
In this video workshop you'll discover the crucial chart patterns that candlesticks reveal - how to interpret them and how to use them to pinpoint market turns. +
You'll also learn how to use candlesticks in combination with familiar technical indicators like Stochastics, %R, Relative Strength Index and Moving Averages to create a dynamic, synergistic and extremely successful trading system.
Learn to trade the markets with MarketClub's daily market updates. The latest commentary and analysis of market action around the world. +
At MarketClub, our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals.no matter which way the markets move. MarketClub TV is an expansion of our ultimate goal.
Timing is everything in trading. +
Ensure that you are setting the most effective entry and exit points with confidence using VantagePoint Trading Software.
The ABC Charting Formation is one of the most basic and frequently occurring charting patterns that exist +
Watch how this basic chart can be turned into a big payday with the use of options
Learn how to analyze any market of any time frame and discover where to buy, sell, pyramid, take profits and stop and reverse +
Plus, you'll find out why "giving in" puts you in alignment with the market and learn how to use MACD to trade spreads more profitably
Floor trader William Greenspan explains how he day trades and shares with you the system he uses everyday +
This same system has allowed Mr Greenspan to achieve 155 consecutive winning months
About INO TV, INO.com, and VantagePoint—In today’s fast-paced global economy, education is the key to gaining enhanced opportunity in the markets. INO.com and VantagePoint have teamed together and are committed to providing traders with the tools and resources to do just that. INO TV provides users with educational resources and videos from INO and VantagePoint’s market experts—showing detailed examples and trend trading strategies in real market scenarios. INO.com provides traders worldwide with a continuous information services of quotes, charts and news, and is the #1 internet site for futures and options traders worldwide.