S&P 500
2018.05
+23.40 +1.16%
Dow Indu
17390.52
+195.10 +1.12%
Nasdaq
4630.19
+64.05 +1.38%
Crude Oil
80.54
-0.42 -0.52%
Gold
1172.85
-28.40 -2.42%
Euro
1.25250
-0.00792 -0.63%
US Dollar
86.913
+0.748 +0.96%
Strong

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the December contract are trading far below their 20 and 100 day moving average plummeting for the 2nd consecutive trading session down another $30 at 1,168 an ounce hitting a 4 1/2 year low as the Japanese government stated that they are going to engage into more quantitative easing sending the Japanese Yen sharply lower against the U.S dollar therefore pressuring the precious metals today. Gold futures settled around 1,231 last Friday finishing down around $60 dollars as the trend is clearly to the downside, however the chart structure is very poor at the current time so I’m sitting on the sidelines in this market, however I am certainly not recommending any type of bullish position in the gold market as prices go lower in my opinion with a possible retest of $1,100 here in the near future. All of the interest is back into the S&P 500 once again as the stock market hit an all-time high as money is flowing out of the precious metals and many of the commodity markets and putting it back to work in the stock market and I don’t think that trend will end any time soon as the months of November and December are historically bullish for the S&P 500 and bearish for the gold market so continue to play this to the downside and take advantage of any rally making sure that you place the proper stop loss. As I had written in previous blogs I was always concerned of the fact that gold prices were not rallying with all the problems with Isis and numerous other catastrophes throughout the world & that made me nervous as prices now look very weak as there is no reason to own gold at the current moment.
TREND: LOWER
CHART STRUCTURE: AWFUL
[Continue reading]

Japan Shocks The Market With A Halloween Treat

Overnight actions by the Bank of Japan jump-started the equity markets to seven-year highs in that country, plunging the Japanese yen to its lowest levels since 2008. The Bank of Japan's big market-moving announcement was that they will triple … [Continue reading]

They Do Ring A Bell At The Top Of The Market

Hello traders and MarketClub members everywhere! Just this morning I was thinking of an essay I had read many, many years ago. The intriguing feature to me was the headline which read, "They Do Ring A Bell At The Top Of The Market." Well, I have … [Continue reading]

How the open can make or break your day

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips … [Continue reading]

World Cup Questions Answered

We've had a lot of questions about the World Cup portfolio (WCP) and its amazing performance so far this year. Through the first 3 quarters of 2014, it's had a very positive 99% return on invested capital. One of the many questions we have had is, … [Continue reading]

Oil Prices Are At Two-Year Lows - Should You Buy Now?

By: Eric Winter of Street Authority Stock exchanges are not alone in seeing prices pull back lately. In at least one case, however, that is actually a good thing. Drivers both state-side and abroad have no doubt felt the pain at the pump … [Continue reading]

There's Going To Be A War

And it is taking place right now in your neighborhood. No, I'm not talking about ISIS invading your neighborhood, what I'm talking about is credit card payments to merchants. Earlier this month, Apple announced its mobile payment system called … [Continue reading]

The Real Reason Why Crude Oil Is Moving Lower

As you may well know, crude oil (NYMEX:CL.Z14.E) prices have been dropping precipitously this year. In fact, they are at their lowest level in two years. I have a theory as to why oil prices are dropping. I believe one of the great unsung … [Continue reading]

Growing Profits in Forex Trading By Using Indicators

The guy sitting next to you at work making all that money trading currency does not have a special Forex crystal ball. What he is doing to ensure continued profits in his trades is reading indicators and then basing his currency trading moves on … [Continue reading]

Building a Better Trader - Volume 4: Adding the Finishing Touches

In the fourth and final volume of this series, you'll discover how to combine what you learned in the first three volumes into a simple, but effective trading approach. You'll be on the edge of your seat as professional trader Glen Ring shows you … [Continue reading]

Don't Get Ruined by These 10 Popular Investment Myths (Part V)

Interest rates, oil prices, earnings, GDP, wars, terrorist attacks, inflation, monetary policy, etc. -- NONE have a reliable effect on the stock market By Elliott Wave International You may remember that during the 2008-2009 financial crisis, many … [Continue reading]

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets. Michael frequently … [Continue reading]

Amazon's Greatest Nightmare

Yesterday, Amazon.com Inc. (NASDAQ:AMZN) reported its earnings. They were a shocker and pushed the stock down over 9% overnight. While Amazon was reporting no profits, Jack Ma, the head of Alibaba Group Holding Limited (NYSE:BABA), was in … [Continue reading]

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