Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 24th of January.<br /><br />The news after the bell yesterday was not so good for Apple. In after hours trading, Apple plunged down over 10%, losing over $40 billion its value in a little less than 90 minutes! To put that in perspective, Apple's loss of $40 billion in shareholders' value was greater than the total value of Wells Fargo Bank! Our Trade Triangle technology nailed Apple stock months ago and signaled its move to the downside.<br /><br />Our technical indicators have been bullish on the stock market for some time now. That posture is paying some nice dividends today as we witnessed the S&P 500 climb above the 1,500 level for the first time in 5 years. We believe that this market still has further to go on the upside and can move up to the 1,550 to 1,600 levels in the not too distant future.<br /><br />This morning, NetFlix exploded to the upside, making one billionaire investor, Carl Ichan, very happy. Carl just made a quarter of a billion dollars this morning when NetFlix opened for business. We will give NetFlix the Trade Triangle test today.<br /><br />We will be covering Apple, NetFlix, S&P 500 and the forex markets. Don't forget to watch and and share your comments with us on our blog.<br /><br />Have a great trading day,<br />Adam Hewison<br />President INO.com and co-founder of MarketClub
