The INO.com Team, Author at INO.com Trader's Blog

Patience Is Critical To Your Success

Posted on January 17, 2019 by The INO.com Team

One of my all-time favorite sayings is "money saved is money earned", and I believe that was a great saying to live by this past year, especially towards the end. Like many of you, I was stopped out of almost all of my trades by the Trade Triangles in early October, avoiding devastating losses and living to fight another day. But then there was the flip side, the urge to jump back into some trades. And I can tell that the urge to jump back in the markets is strong amongst our fellow members.

This is where patience comes into play. As I do every day, I followed my game plan and scanned the market because even in a down market there are trades to be made, but I wasn't finding anything that fit my criteria. It's been frustrating, but then I reminded myself to be patient, the market will come back to me at some point. It just so happened that it didn't in October and then I thought of that saying "money saved is money earned," and I didn't feel so bad. After all, I could have pushed and ended up with significant losses.

I know I'm not alone either, I've been talking to our fellow MarketClub members all month answering questions like, "should I change my plan?", "what are you looking at market wise?", "is it ok to trade new weekly Trade Triangles vs. Monthly ones?", "what do you think is going to happen next." I'll take a crack at answering these questions. Continue reading "Patience Is Critical To Your Success" →

Netflix Leads FAANG Stocks Higher

Posted on January 15, 2019 by The INO.com Team

Hello traders everywhere. After a weak opening to the week, stocks are on the rise, led by Netflix. With Netflix leading tech-related stocks higher the S&P 500 and DOW have triggered the new green weekly Trade Triangles that I discussed last week. All three major indexes are now in a sidelines position with Chart Analysis Scores of +70. However, the S&P 500 and DOW are still trading well below their 50-day moving average. Meanwhile, the NASDAQ is close to breaking through it's 50-day moving average.

Netflix Inc. (NFLX) shares jumped over 5% after the company announced it would hike prices to its monthly memberships by 13 to 18%. This will be the company's biggest price hike since it launched its streaming service more than a decade ago. That's led the FAANG stocks (Facebook, Amazon, Apple, Netflix, and Alphabet) higher with all of them rising more than 1% on the day.

After two days of losses, crude oil is on the rise gaining over 1.5% on the day amid production cuts by OPEC and Russia as well as signs of lower U.S. oil stocks. However, most analysts believe that this rally will be short lived after data showed weakening imports and exports in China, raising new worries about a global slowdown. Continue reading "Netflix Leads FAANG Stocks Higher" →

Weekly Futures Recap With Mike Seery

Posted on January 13, 2019January 11, 2019 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 February contract is currently trading at 1,290 an ounce after settling last Friday in New York at 1,285 up about $5 for the trading week still unable to crack the critical 1,300 level on a closing basis. Gold prices are trading above their 20 and 100-day moving average as the trend remains to the upside. I've been recommending a bullish position from around the 1,252 level and if you took that trade place the stop loss under the 10-day low which now stands at 1,276 as the chart structure is outstanding due to the low volatility. The U.S. dollar hit a TWO month low in this week's trade as that has been supportive gold prices, but for the bullish momentum to continue we have to break the January 4th high of 1,300, and then I think prices could run up to the 1,350 level as there is still strong demand for this commodity at the current time. The Federal Reserve looks like it will pause raising interest rates as that is also a fundamental bullish factor towards gold as I'm also recommending bullish positions in silver and platinum so stay long and continue to place the proper stop loss.
TREND: HIGHER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Stock Market Stumbles Into The Finish

Posted on January 11, 2019 by The INO.com Team

Hello traders everywhere. The stock market is stumbling into the finish of the week ending a five-day win streak. But overall it will finish up for the week making this the third straight week of positive gains. Reason for the weakness today, China and the government shutdown that doesn't seem to be ending anytime soon.

All three major indexes are ending the week with positive gains. Both the S&P 500 and DOW are posting gains of about +2% for the week, but both indexes are still waiting for the green weekly Trade Triangle to appear signaling a move to the sidelines. The NASDAQ did issue a green weekly Trade Triangle this week and will end the week with an impressive +3% gain.

The U.S. Dollar continues to be under pressure dropping -.64% on the week making this the fourth straight week of declines.

Crude oil has had another monster week posting a +7% gain for the second week in a row. However, much like the overall stock market, it is down about 1% on the day. This drop comes after nine straight days of gains and is most likely just some profit taking by traders. Continue reading "Stock Market Stumbles Into The Finish" →

Amigos 1 & 2 Arrive, #3 Is Still Out There

Posted on January 10, 2019January 9, 2019 by The INO.com Team

The 3 Amigos were a blogger’s way of not boring himself to death while fleshing out important macro indicators month after month.

Amigo #1 (SPX/Gold ratio) got home and dropped from target. What’s more, it has taken back the ratio’s equivalent of the entire Trump rally and that is an eventuality we are very open to on nominal SPX as well.

The gaps are interesting and among several possibilities for 2019 we could see fear, loathing and a fill of the lower gap (a greed gap of sorts) prior to a filling of the upper gap, which could blow out the stock bull in manic fashion one day. Relax, it’s just one of several possible roadmaps. For now, we simply state that SPX/Gold reached a very viable target and dutifully dropped with the market stress.

Amigo #2 (30yr Treasury yield AKA the Continuum) got the bond bears on the wrong side of the boat and kept them there for a couple of months before the big reversal (back below the monthly EMA 100) that came along with the risk ‘off’ rush amid Q4 2018’s market stress. Continue reading "Amigos 1 & 2 Arrive, #3 Is Still Out There" →

Author: The INO.com Team