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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.

Crude Oil Futures

Crude oil futures in the December contract are down $1 at 81.00 a barrel trading far below their 20 and 100 day moving average settling last Friday at $82 down about $1.00 for the trading week hitting new multiyear lows as the oversupply situation continues to pressure prices to the downside. The chart structure in crude oil was terrible at the time of the breakout as I’ve been sitting on the sidelines, however I have not been recommending any type of bullish position in this market as I do think prices are headed lower and if you are short this market I would place my stop above the 10 day high which currently stands at 85.13 as the chart structure is improving dramatically on a daily basis as a strong U.S dollar and record U.S supplies continue to put pressure on prices here in the short term. The fact that prices don’t have the giant spike ups due to the fact of turmoil in the Mid-East is a great thing as the United States in my opinion does not rely on Mid East oil like we used to so continue to sell rallies while placing the proper stop loss at 85.13 which is around $4,000 or $4 from today’s price levels as there is a high possibility that prices will trade down to the $75 level or even lower especially if the supply situation increases over the next several months as we are entering the non-demand season of winter. Saudi Arabia last week announced that they will not cut production as they are trying to squeeze U.S refineries to slow down their production because of lower prices hurting margins, however it doesn’t seem to be working at the current time as the trend is your friend in the commodity markets so continue to short this market.
TREND: LOWER
CHART STRUCTURE: IMPROVING
[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]

What's More Volatile, Stocks Or Commodities?

If you said stocks, you'd be right. There's a big misconception that commodities or futures are more volatile and risky than stocks. The truth is, what makes commodities or futures appear risky is the leverage factor. You only have to margin up a … [Continue reading]

Trade with a Plan – Setting Your Limits

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]

2 Stocks To Buy Today

Good day traders and MarketClub members everywhere! I have found two stocks that I believe are going to move higher in the near future and I will be discussing those stocks with you today. I'm also going to be looking at the general market and … [Continue reading]

CF Cycle for Life - INO Cares

It was a beautiful morning! Although chilly and very windy, it was still a great day for a bike ride. We bundled up, broke out the spandex and jumped on our bicycles to participate in the Cystic Fibrosis Ride for Life at Herrington Harbour in North … [Continue reading]

How To Beat These Billionaire Hedge Fund Managers

If beating the billionaire hedge fund mangers seems like a dream to you, then I am about to give you a reality check. Before I go there, let me share with you some of the results of these billionaire hedge fund managers this year. I'm only going to … [Continue reading]

In The Week Ahead: No Clear Sign Of A Market Bottom

All major U.S. stock indices finished in the red again last week except for the Russell 2000, which gained 2.8%, reversing the pattern that we have seen for most of this year where small-cap stocks lag the market. This emerging strength in small caps … [Continue reading]

Will The Rally End?

Will Friday's rally continue or was it just a "dead cat bounce"? There is no doubt about it, we have been seeing lots of volatility in the markets. Is it likely to continue? Like in the past, it will continue until it stops and the market settles … [Continue reading]

4 Lessons From Buffett That Every Investor Needs To Know

By: Eric Winter of Street Authority Behind each trade or investment, they are there... lurking, waiting to reveal themselves during a moment of weakness. They are the four fears of investing. I learned about these early into my trading … [Continue reading]

Building a Better Trader - Volume 3: Using the Right Tool for the Job

It's amazing how many investors dive head-first into trading before they understand how the markets work. In Volume Three of this series, Glen Ring will teach you how to view the markets from an analyst's point of view. You'll discover why markets … [Continue reading]

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

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]

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