skip to page content

And The Winners Are...

Adam Hewison - MarketClub

Loading the player...

Hello MarketClub members everywhere, there are two big winners today. The first winner has to be Amazon.com Inc. (NASDAQ:AMZN), they announced earnings last night and blew away all the estimates by a wide margin. Amazon announced its first real profit in 20 years. In after-hours trading, the stock was up over 11% which made Jeff Bezos, who founded Amazon a little over 20 years ago, the third wealthiest man in America right behind Warren Buffet and Bill Gates. I congratulate both Amazon and Jeff Bezos for sticking to their guns and providing an amazing, first-class service.

If you watched yesterday's video, MarketClub's Trade Triangles nailed Amazon's up move and I predicted that the stock would trade at $600 or higher. You can watch yesterday's video right here. For those of you who watched the video and took action, you just made a quick 10% on your money in less than 24 hours.

The second winner is Microsoft Corporation (NASDAQ:MSFT). The stock also jumped almost 10% in overnight trading. I talked specifically about that stock yesterday and what I thought it would do.

The other big news today is that the Central Bank of China cut interest rates for the sixth time since last November. This cut in rates appears to be a move by the Central Bank to goose up China's lagging economy. It remains to be seen whether or not it will be successful.

One market to watch today is the gold market. I thought yesterday's market action was particularly interesting in gold based on the statements put out by the European Central Bank (ECB). The ECB indicated that a deflationary economy was very much in the cards and that should have been a negative for gold, but it wasn't. Gold did not collapse and actually closed higher on the day. I see this as a reaffirming signal of the underlying strength in this precious metal.

Well, it's the third week in October and all three major indices acted very strongly to the upside. It begets the question, is this a real turnaround or just a fake out? All of my work suggests that the indices themselves are in a sideways and undecided mode.

The Trade Triangles issued a new red weekly Trade Triangle today at the $44.45 level indicating that the intermediate-term trend has changed and crude oil is now in a bear market with a Chart Analysis Score of -100. I will tell you where I see crude oil heading from here.

The euro looks to be on the defensive as both the daily and weekly Trade Triangles are now negative on the euro. I can see this currency slipping down to the 1.08 level in the weeks ahead.

Back to videos

Get Started With Your 30-Day MarketClub Trial Right Now

Get Started

© Copyright MarketClub™ All rights reserved | User Agreement | Do Not Sell My Personal Information

MarketClub/INO, a division of TIFIN Group LLC, is affiliated with Magnifi via common ownership. Affiliates of Magnifi will receive cash compensation for referrals of clients who open accounts with Magnifi. Due to this compensation, a conflict of interest exists since MarketClub/INO has an incentive to recommend Magnifi LLC.

Magnifi LLC does not charge advisory fees or transaction fees for non-managed accounts. Clients who elect to have Magnifi LLC manage all or a portion of their account will be charged an advisory fee. Please see Magnifi’s Form ADV for additional information about fees and charges that may apply. Magnifi LLC receives compensation from product sponsors related to recommendations. Other fees and charges may apply.

Magnifi, normally $14 per month, will be available at no additional cost to MarketClub members. Account holders must be 18 years of age and have an approved Magnifi account. Magnifi will determine qualifying account holders at its own discretion.

U.S. Government Required Disclaimer—Commodity Futures Trading Commission
Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41—HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All trades, patterns, charts, systems, etc., discussed in this advertisement and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or INO.com. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the MarketClub™ methodology or system will generate profits or ensure freedom from losses. The testimonials and examples used herein are exceptional results, which do not apply to the average member, and are not intended to represent or guarantee that anyone will achieve the same or similar results. Each individual's success depends on his or her background, dedication, desire, and motivation.

×

It’s not goodbye, it’s hello Magnifi!

You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.

Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.

Take Me To Magnifi