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Strong

The Hidden Jewel In MarketClub

As we begin the second quarter of 2014, I want to bring to your attention one of the "hidden jewels" of MarketClub.

A Portfolio With Results!

MarketClub's World Cup Portfolio (WCP) has never had a losing year in the 6 1/2 years that we have been tracking this portfolio.

When this portfolio was constructed almost 7 years ago, it was designed to include common elements that we thought would be important to the world. With an ever-expanding population worldwide, food is going to continue to be a major item. Likewise energy is going to play an increasingly important element in the world's economy. Over the years, the Dollar has also had its ups and downs and provided some great opportunities. Lastly, we looked at a store of value that has been in place since time begun and that is why we wanted to be actively involved in the movement of gold.

With these core components in place, the World Cup Portfolio was born. It was intended to be part of an overall bigger portfolio, but can function as a stand-alone portfolio. [Read more...]

Chart of The Week - Natural Gas

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

This week’s focus turns to the May 2014 Natural Gas futures (NYMEX:NG.K14.E), where the transition into spring seasonality and warmer weather has weighed down demand outlook. Over the winter months, we had continually seen larger than expected draws from Natural Gas supplies due to extreme winter conditions, but as US weather forecasts continue toward warmer levels, it appears the threat to already tight near-term supplies is diminishing.

Since reaching a high print of 4.893 a few weeks ago on February 24, 2014, May Natural Gas has taken a slight leg lower and consolidated over the past few weeks as it decides where it will head next. The Commitments of Traders report as of March 4th has shown traders have gone from a net long to a net short position on Natural Gas, which hints that the recent strong up-trend may be losing steam. In the near-term, I would agree with this negative bias, and look for a correction in the Natural Gas market.

For a swing trade, I would be a seller as the market moves below Friday’s low of 4.530. My near-term target would be the swing low of 4.393. This position would allow you to use the 20 day moving average as a resistance point, as this indicator has kept the market in check during the recent consolidation period. [Read more...]

Currency Chart of The Week - Japanese Yen

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

In the March 2014 Japanese Yen (CME:6J.H14.E), a recovery from the recent two day sell off has been underway this morning. Uncertainty on the state of the US economy has provided support for the Yen. In the event of the stock market undergoing a profit-taking correction after 11 straight sessions in the green, we would expect a short term boost in the Yen.

The March Japanese Yen has recently corrected after posting a recent swing high of 9.927 on February 4, 2014. Since correcting, the 20 Day Moving Average has acted as support on multiple occasions, and we anticipate it will continue to do so in the near term.

Using the 20 day moving average as a support level, I expect another leg up in the Japanese Yen if we break the high in yesterday’s session of 9.829 today. Along with a strong relative strength index reading, the near-term upside target for this move would be the swing high of 9.927. In this instance, it would be fitting to roll stop orders behind the position, as the 200 day moving average sits just below the swing high and may act as resistance. [Read more...]

Chart of The Week - Canadian Dollar

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

This week’s focus turns to the March Canadian Dollar futures, where recent down-trend market structure has given way to a possible continuation of the sell-off in coming days.  After posting a recent swing low of 88.99 on January 31st, the market has since experienced short covering off of the recent sell off.  Last week, we saw consolidation off of the recent short covering.  In weeks past, we have seen multiple tests, and failures, of the 20 day moving average, making this indicator a key resistance point.

As we open this week, if we see yet another failure of the 20 day moving average, traders will likely expect a sell off if the market breaches Friday’s low of 90.17.  Along with a strong average directional index reading, the March Canadian Dollar could have strong downside momentum in the near term.  If this scenario takes place, the likely target would be the March Canadian Dollar’s swing low of 88.99.  [Read more...]

Chart to Watch - Coffee

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of March Coffee (NYBOT:KC.H14.E).

With futures you use the weekly MarketClub Trade Triangles to tell trend and the daily MarketClub Trade Triangles for timing the entry and exits to the trade.

Coffee made a base, has made a breakout of the base to the upside and a test of the base, which means a bottom is probably in for Coffee. [Read more...]

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

The monthly unemployment report came out at this morning stating that we added 203, 000 new jobs which was construed very bullish sending the stock market higher and gold lower due to the fact of tapering possibly happening as soon as March as the unemployment rate is now 7.0% as traders see no reasonable to own gold as the economy here in the United States and around the world are improving dramatically sending the S&P right near record highs once again today and selling off gold by $4 at 1,228 currently here on the night session this Friday afternoon in New York. Gold is trading below its 20 & 100 day moving average continuing its bearish trend hitting a 5 month low with major support at 1,210 which was hit twice this week and rebounded but it looks to me that we almost certainly have to retest 1,180 which was last summer’s low.
TREND: LOWER
CHART STRUCTURE: EXCELLENT
[Read more...]

Weekly Futures Recap W/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.

Cotton Futures-- The cotton market continues its downward trend finishing lower for the 9th consecutive trading session in New York breaking major support at 78 currently trading at 76.65 trading below its 20 and 100 day moving average hitting a new 10 month low and in my opinion prices are possibly heading down the 70 in the next several weeks. The problem with cotton as with many of the soft commodities as there is very little demand at this time continuing to pressure prices & I recommended selling this market when it broke 82 and this has been successful trade at this point but remember to place your stop above the 10 day high in case the trend changes but I do believe prices are headed substantially lower as harvest is progressing on a daily basis bringing in more and more supply. The chart structure in cotton when prices broke out at 82 was outstanding risking around $1,200 at that time so I hope some people are listening out there and continue to stay short as prices are still expensive in my opinion. TREND: LOWER –CHART STRUCTURE: EXCELLENT [Read more...]

Chart to Watch - Cotton

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the December Natural Gas Futures (NYMEX:TT.Z13.E).

I hope you are having a GREAT week !

Cotton has made a breakout of support and there is a good chance Cotton will continue lower from here.

All three MarketClub Trade Triangles are pointing to lower prices right now, so we would want to sell Cotton on pull backs with the MarketClub system. [Read more...]

Chart to Watch - Natural Gas

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the December Natural Gas Futures (NYMEX:NG.Z13.E).

I hope you are having a GREAT week !

This week we will take a look at December Natural Gas.

When trading futures with the MarketClub system we use the weekly Trade Triangles for the trend and the daily Trade Triangles to time the entries and exits.

Natural Gas has put in a green weekly MarketClub Trade Triangle and has put in a red daily MarketClub red Trade Triangle. [Read more...]

Weekly Futures Recap w/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.

Cotton Futures-- Cotton futures for the December contract settled last Friday at 87.18 finishing down nearly 400 points this week with all the damage being done on Mondays trade as the tropical storm which was expected to possibly hurt the cotton crop pushing prices higher but the storm amounted to very little sending prices on Monday down 300 points as harvest continues here in the United States with poor chart structure at this time. The trend in cotton now is to the downside trading below its 20 & 100 day moving average; however the 10 day high is too far away right now so I’m advising traders to sit on the sidelines and wait for some better chart structure to develop as the commodity markets have turned negative in my opinion. The grain market continues to weaken and that also could put some pressure on cotton prices in the short term. TREND: LOWER –CHART STRUCTURE: TERRIBLE [Read more...]

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