Apple, Amazon and Summer 1997

Summer 1997The summer of 1997 was a very interesting time for both Apple (AAPL) and Amazon (AMZN). Major events that made history. More on that a little later.

I thought it appropriate to look at these two superstars since they both reported earnings this week.  Apple was up first and disappointed. Amazon came second and pleased investors. Continue reading

What do outliers have to do with trading?

Outliers in TradingThe word outliers became a popular word I believe, after Malcolm Gladwell wrote the NY Times best seller, “Outliers, the story of success” in 2008. 
 
In the book he talks about several successful people and came up with the 10,000 hour rule. His rule said that to achieve world-class success, one needs to practice your craft for 10,000 hours.  
 
The 10,000 hour rule is an interesting idea and one that could apply to trading. But what I want to focus on today is the concept that an outlier is a trade, a trading day, week or month that can make your year.

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Financials Start the Rollover

FinancialsThe financials had the biggest move of all the industry sectors that dropped last week, down 2.9%. Is this the end of their rally? They do look like they are starting to roll over.

The video below is a very condensed version of what I provide to my Insider Members in their Weekend Market Analysis.

In this video I review this week’s market action by looking at the S&P 500 (SPX), NYSE Composite (NYA) and Russell 2000. I then review the semiconductors (SMH), homebuilders (XHB) and the financials (XLF). Three stocks in focus are:

10 Curious Things About China

10 Curious Things About ChinaMuch has been made about China’s makeover during the last 25 years.  What has occurred  there is fascinating. Here are 10 curious things:

  1. China is now the No. 2 economy in the world based on GDP.
  2. More people live in China than in any other country on the planet.  The world population is 7.3 billion according to the U.S. Census Bureau and China has 19% of it at 1.373 billion.
  3. 688 million. That is the estimate for the number of internet users in China at the end of 2015 according to data from the China Internet Network Center. Let’s see, that’s about 50% of their population and more than twice the total number of people in the United States.
  4. The 3 Gorges Dam on the Yangtze River is the world’s largest power station in terms of installed capacity at 22,500 MW.
  5. China launched it first moon space mission on Dec. 2, 2013 and China’s Yutu rover is currently exploring the moon’s surface.

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