S&P 500
2070.65
+9.42 +0.46%
Dow Indu
17804.80
+26.65 +0.15%
Nasdaq
4767.21
+18.81 +0.40%
Crude Oil
57.85
+3.49 +6.33%
Gold
1195.870
-2.375 -0.20%
Euro
1.222900
-0.005400 -0.44%
US Dollar
89.603
+0.370 +0.48%
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 February contract are trading below their 20 and 100 day moving average settling last Friday in New York at 1,222 currently trading at 1,196 continuing its long-term bearish trend as I’m currently sitting on the sidelines in this market as volatility is too high and the price remains extremely choppy as we head into the new year. Gold prices rallied as high as 1,240 last week before settling back despite the fact that the stock market had a wild ride but the interest still is in the S&P 500 which looks like it’s going to close right near another record high today. The problem with the gold market is the ETF market in gold might be sold come year end for tax purposes and when that happens the ETF than has to sell the futures contract so I still think lower prices are ahead but this market is difficult to trade at the current time so move on and find a market that is trending strong in one direction. The U.S dollar hit another multiyear high which is generally pessimistic commodity prices and especially precious metals prices, however with turmoil in Russia gold prices have been extremely volatile with many $30/$40 price ranges on any given day so if you do trade this market make sure you place the proper amount contracts limiting risk to 2% of your account balance as I have to admit it’s fun to watch but I remain on the sidelines until a true breakout occurs. Rumors of Russia having to sell some of their gold reserves sent gold prices down nearly down $30 in Wednesday’s trade however that rumor has not been verified at the current time but with the problems in Russia it would not surprise me about anything.
TREND: MIXED
CHART STRUCTURE: POOR
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5 Weekend Trading Opportunities

Hello traders and MarketClub members everywhere! Well, here we are, a week before Christmas, and the markets have just been going crazy as we can all see. With that in mind, I want to bring to your attention five trending stocks that just had their … [Continue reading]

3 Reasons ETFs Are Better Than Mutual Funds

For good and bad, Wall Street is constantly finding new ways for investors to attempt to grow their money. But, with all these products available for investors to choose from and a massive amount of information being presented to the average … [Continue reading]

Has The Market Made A U-Turn?

Hello traders and MarketClub members everywhere! If you look back at my very first post for December, titled "December Can Be A Dangerous Month For Traders", you'll understand why these markets are becoming so volatile. Yesterday's announcement, or … [Continue reading]

Joel Horneck And Fed Policy

Remember that classic episode from the very first season of Seinfeld, when Jerry wants to "break up" with his obnoxious friend, Joel Horneck, but just can't bring himself to do it? Jerry can't stand the guy, but the thought of actually telling Joel … [Continue reading]

For Traders and Asset Managers, Puerto Rico's Tax Incentives Are a No-Brainer

By: Nick Giambruno Whenever I see the words “life-changing opportunity” or something like that, I immediately dismiss it as a lame gimmick or hyperbole. And while I am truly reluctant to use those often misused words, I can honestly think … [Continue reading]

10 Game Changing Stocks To Watch In 2015

Hello traders and MarketClub members everywhere! There is no doubt about it, 2014 has been quite a year. As the year winds down, I thought I would take a look at 10 very popular stocks from 2014 and discuss what I see happening to these stocks in the … [Continue reading]

Operation Christmas Child - INO Cares

Operation Christmas Child Packing Party

How do you pack an enormous amount of love and joy into something as small as a shoebox? It hasn't been difficult for INO.com and the Duffey Memorial Methodist Church Youth Group in Moorefield, West Virginia. This is the second year that INO.com … [Continue reading]

Jim Cramer Finds A Diamond In The (Rough) Oil Patch

What a week for oil and energy. Okay, I know... what a 6 months! Ugh! In case you're living under a rock (or just need a succinct summary of the carnage of late), oil has dropped about 2% or more every day this week except Tuesday, and looks on … [Continue reading]

Russia's Achilles' Heel

No doubt by now, you've heard of the problems in Russia with its currency. You have to say to yourself, "a 17% return on my money sounds pretty good," but when the ruble sinks more than that in one day, you say, "WHOA, will I get my money back?" And … [Continue reading]

Gold/Silver Ratio Is Going To Hit 109, Are You Ready?

The gold-silver ratio was in a downtrend for 10 years, falling from the hard-to-imagine 1991 level's high of 100, to the 1998 local low at the 46 level. The ratio then shaped a reversal double bottom pattern and the price started to elevate firmly … [Continue reading]

Buy Qualcomm (QCOM) While It’s Cheap

QCOM Chart

On July 23rd of this year, shares of Qualcomm (NASDAQ:QCOM) stock were quoted at $81.97, representing the highest price they've reached all year. At the time, its P/E ratio was just north of 20. In an overpriced market, for a company of Qualcomm's … [Continue reading]

What Are You Doing To Prepare For 2015?

One of the things I've always done over the years is close out all my accounts just before the middle of December. Looking back on the year, I have to say it's been a good year and I hope 2014 was a good year for you too. This is perhaps the most … [Continue reading]

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