Let me start by wishing everyone a happy and prosperous 2013! I hope you all enjoyed the break and were able to celebrate Christmas time and the start of the New Year with your families.
IS RUSSIA THE NEW FACE OF CAPITALISM?
Well, you may or may not have heard that Gerard Depardieu, the French movie actor, recently become a Russian citizen and now has a Russian passport. It was purely an economic decision in his case, because he didn't want to pay the 75% rate of tax imposed by François Hollande on millionaires. Taxes in Russia are 13%!
The country who has the lowest taxes usually does well, as 75% of nothing is after all nothing!
AMAZON HITS AN ALL TIME HIGH AS APPLE HOVERS CLOSE TO ITS LOWS
Apple had 20 billion app downloads in 2012, yet its stock is languishing around the $500 area. Amazon on the other hand hit an all-time high, proving once again that Amazon is the king of the hill and the techno shopping juggernaut in the world of online commerce. We will be covering both of these stocks in today's update.
You've heard me say this many times in 2012, that the market is the arbitrator of all trends. The fact that Apple went down and Amazon went up was proof to me that the world is changing, and competition in commerce and the highly competitive smart phone and tablet market is only going to heat up in 2013.
"SILLY SEASON" is not officially over until next week. Look for the markets to continue to be a little crazy until the majority of investors begin to get serious about the markets.
TRADE TRIANGLES SCORE BIG IN 2012
As always, we rely on our Trade Triangles which had a stellar year in 2012. In 2013 we are expecting some big moves in all of the sectors and I am positive that if you are using MarketClub's Trade Triangle Technology you can come out ahead.
Not sure where to start for the new year? Check out MarketClub's sample portfolios, which provide members with examples of how to use the Trade Triangles and what kind of returns they can expect.
S&P 500 (Cash) : Lower for the week
CLOSED LAST FRIDAY AT 1,466.47
CRUDE OIL (Feb) : Lower for the week
CLOSED LAST FRIDAY AT 93.08
GOLD (Spot) : Lower for the week
CLOSED LAST FRIDAY AT 1,655.35
COPPER (Mar) : Lower for the week
CLOSED LAST FRIDAY AT 3.7010
EURO (Spot) : Higher for the week
CLOSED LAST FRIDAY AT 1.3067
SILVER (Spot) : Lower for the week
CLOSED LAST FRIDAY AT 30.17
Have a great trading day,
Adam Hewison
Founder & President INO.com and co-founder of MarketClub.com.
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