Author: The INO.com Team

'Gold vs.', Pre-FOMC

Posted on by The INO.com Team

By: Gary Tanashian of biiwii.com

We are well along in the precious metals correction and have downside targets for gold, silver and the miners.  In order for that to be a ‘buy’, the sector and macro fundamentals will need to be in order.  Some of those are represented by the gold ratio charts vs. various assets and markets.  Below are two important ones.

Gold vs. Stock Markets has been correcting the big macro change to the upside since leading the entire global market relief phase (potentially out of the grips of global deflation) earlier in the year.  A hold of these moving averages, generally speaking, keeps a key gold sector fundamental in play as the implication is that conventional casino patrons are choosing gold over their traditional go-to assets, stocks.  A breakdown from the moving averages and it’s back to Pallookaville for the gold “community”.

Despite gold having topped out (in nominal terms) months ago, the gold vs. stock markets indicators are intact. Continue reading "'Gold vs.', Pre-FOMC" →

Precious Metals Sector Downside Target on Friday's Market Rout

Posted on by The INO.com Team

Technical analyst Clive Maund assesses the precious metals landscape after Friday's broad market selloff, and offers strategies for precious metals investors.

After what happened on Friday, many Precious Metals sector investors are naturally concerned about the effect of further heavy losses in the broad market on the sector. Let's now review Friday's action, starting with the broad market itself, before moving on to consider the likely impact on the PM sector.

After almost two months of quietly drifting sideways, the ground opened up beneath the broad market on Friday, as we can see on the 6-month chart for the SP 500 index below. It gapped down at the open and plunged by 2.45%, heading ever lower as the day unfolded, there was not even the customary bounce in the last hour of trading. Continue reading "Precious Metals Sector Downside Target on Friday's Market Rout" →

Stuck In The Twilight Zone

Posted on by The INO.com Team

Hello MarketClub members everywhere. It would seem as though the markets are stuck in a twilight zone not knowing whether to go up or go down. This has been the case for a few months now and when we go through periods like this in the market, one has to say to oneself, "be patient and wait for the opportunities to come up," they always do.

MarketClub's Mid-day Market Report

Today's keyword is patience.

The way to look at the markets when they move into a choppy period is to look at the big trends. The odds favor a resumption of a market's major trend. It doesn't always work out that way, but if you're betting with the odds, it is the way to go.

Here are the major trends for each of the major markets according to the Trade Triangle technology based on last Friday's close. Continue reading "Stuck In The Twilight Zone" →

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.

NASDAQ 100 Futures

The NASDAQ 100 in the December contract settled last Friday in Chicago at 4667 while currently trading at 4803 up about 140 points for the trading week. I was originally recommending a short position in the September contract rolling over into the December contract while placing my stop loss above the 10-day high which stands at 4834 as the original risking around $1,600 per contract plus slippage and commission. This trade has been on a seesaw ride originally I was losing instantly on the trade & then winning now losing once again. However, I will continue to place the proper stop loss and move on if I am stopped out as I hate selling the indices as I think they are propped up by the Federal Reserve. The NASDAQ 100 is trading above its 20 and 100-day moving average telling you that the short-term trend is higher. We are right near all-time highs once again despite the fact of many fundamental factors telling you that prices are way too high for this type of economy, but as a trader, you must have an exit strategy. Continue reading "Weekly Futures Recap With Mike Seery" →

How One Tech Companies Misfortune Was A Blessing For Apple

Posted on by The INO.com Team

Hello MarketClub members everywhere. Yesterday's mandatory recall of all of the Samsung's 7 Note devices is a huge blow for Samsung. Up until yesterday, Samsung was trying to recall and replace batteries that were overheating and causing fires and were a danger to the public and transportation systems everywhere. With this news, the stock of Samsung collapsed literally, and Apple's stock price soared.

MarketClub's Mid-day Market Report

What is interesting is that Apple begins delivery of its new iPhone 7 today. I can't help wondering if there wasn't some political maneuvering behind the scenes in this recall move. Yesterday, the US Consumer Product Safety Commission announced a full recall of the Galaxy Note 7 products in conjunction with Samsung. The formal recall covers about 1 million devices.

The exact wording that the US Consumer Products Safety Commission used was as follows: "Consumers should immediately stop using and power down the recalled Galaxy Note 7 devices purchased before September 15, 2016". Samsung's stock price started slipping on September 9 after what has been a pretty good year for this stock. The big question is how much damage has been done to this mega electronics companies reputation and can it come back to its former glory? Continue reading "How One Tech Companies Misfortune Was A Blessing For Apple" →