Tag: risk management

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

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 settled last Friday in New York at 1,196 an ounce while currently trading at 1,206 up about $10 for the trading week but still stuck in a tight 6-week consolidation pattern and looking to break out in my opinion. Gold prices are trading right at their 20-day but still below their 100-day moving average which stands at the 1,215 level as the volatility has come to a crawl so keep an eye on this market as a breakout is looming. If prices break the 6-week high which was created on August 28th at 1,215, I will be recommending a bullish position while at the current time I am also recommending a bullish position in copper and silver as it looks to me that the precious metals are starting to come to life. Gold prices have been in a bearish trend since their high on April 11th at 1,388 is a stronger U.S. dollar and higher interest rates continue to put pressure on this market, however that may have come to an end as we have now gone sideways for quite some time as a spike bottom may have occurred around the 1,167 level on August 16th. My consolidation rule states the longer the consolidation, the stronger the move. I like to see an 11-13 week consolidation as I am certainly not recommending a position at this time as there is no trend so be patient as a powerful trend could be coming in the weeks ahead.
TREND: MIXED
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap with Mike Seery

Posted on by The INO.com Team

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.

S&P 500 Futures

The S&P 500 futures in the December contract settled last Friday in Chicago at 2933 while currently trading at 2924 lower by 9 points for the week as the volatility remains very low. I have been recommending a bullish position from the 2803 level and if you took that trade place the stop loss under the 10-day low which stands at 2883. However, in Tuesday's trade that will be raised to 2905 as the chart structure will turn outstanding at that time as I remain bullish, however for the trend to continue we have to break the September 21st high of 2947 as I still think that is in the cards possibly next week. Low-interest rates and great corporate earnings continue to propel prices higher although this week's small setback as this is still where all the interest lies as the holiday season is right around the bend and historically and seasonally speaking that is a bullish time for stock prices. The S&P 500 is trading above its 20-day moving average and far above its 100-day as this remains the strongest trend to the upside. The U.S. economy is hitting on all cylinders, and if you take a look at crude oil prices, it broke $73 a barrel today as that tells you how well the economy is doing as strong demand for that commodity continues to push prices higher. I will be looking at adding more contracts to the upside once the risk/reward become better in your favor as that could happen on a sharply lower trading session so keep a close eye on this market.
TREND: HIGHER
CHART STRUCTURE: SOLID
VOLATILITY: LOW
Continue reading "Weekly Futures Recap with Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

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.

Silver Futures

Silver futures in the December contract finished up 3 cents at 14.35 an ounce stuck in a three-week consolidation pattern as prices look to be bottoming out in my opinion as the U.S dollar hit a two month low today helping stabilize silver and the precious metals across the board. If you have been following any of my previous blogs you understand that I have been bearish for quite some time however if you are still short a futures contract place the stop loss on a hard basis only at 14.39 which is only 6 cents away as it looks to me that a possible bullish scenario could be developing. If you take a look at the daily chart, the downtrend line remains intact, however, if prices rally about $0.10 that would be broken as the chart structure is excellent due to the low volatility. I could be possibly recommending a bullish position in the coming weeks ahead as the real weakness in silver prices was due to an extremely strong dollar, but that scenario has now changed. Silver prices are trading right at their 20-day moving average, but far below their 100-day as the trend remains lower as the U.S. stock market hit another all-time high today. I have had a bullish recommendation for quite some time as that's where all the interest lies, however, the commodity markets are extremely cheap in my opinion compared to equity prices. I think 2019 could be the start of a lot of bullish trends.
TREND: LOWER
CHART STRUCTURE: IMPROVING
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

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.

Silver Futures

Silver futures in the December contract settled last Friday in New York at 14.17 an ounce while currently trading at 14.23 up about 6 cents trading in a two week consolidation and if you are short the stop loss in Monday's trade will be 14.59, however in Tuesday's trade that will drop tremendously to 14.39 which is just an eyelash away. For the bearish momentum to continue, we have to break through the September 11th low of 13.96 as gold prices hit a two week high in yesterdays trade as I have now become neutral that commodity, but silver remains negative as the downtrend line remains intact as the volatility has come to a crawl. Historically speaking silver prices look cheap in my opinion as I do think a bullish trend eventually will develop as prices have dropped about 20% from June as we are right near a nine-year low as prices have plummeted from $50 an ounce in 2011 as that's how far this bearish trend has dropped. The commodity markets, in general, remain weak, but I do think a bottoming out process is coming about as the U.S. economy is excellent as global economies are also improving as you would have to think 2019 commodity prices will start to rally. However, if you are short, place the proper stop loss and if stopped out then look at other the markets that are beginning to trend.
TREND: LOWER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

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 is currently trading at 1,202 after settling last Friday in New York at 1,205 an ounce down about $3 for the trading week as prices are still consolidating the recent downdraft that has occurred over the last several months as I remain bearish. If you are short a futures contract continue to place the stop loss at 1,221 as the downtrend line remains intact as I still believe that we will retest the August 16th low of 1,167 in the coming days ahead as the U.S. economy is strong as we added another 201,000 jobs last month as I still see no reason to own gold. The 10-year note is now yielding 2.94% as the Federal Reserve is probably going to continue to raise interest rates which is also fundamental bearish indicator towards gold prices as I remain bearish the entire sector as it looks like silver could hit a 9-year low in the coming weeks ahead so stay short. Gold prices are trading under their 20 and 100-day moving average as the trend remains to the downside as I still think there could be significant room to run as prices still look expensive especially compared to silver historically speaking. The U.S. dollar remains strong as I still believe we will touch the 100 level in the coming months ahead which will have a negative influence on prices as gold fundamentally and technically speaking doesn't have anything going for it at this time.
TREND: LOWER
CHART STRUCTURE: IMPROVING
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →