Author: The INO.com Team

The Battle Continues Between The Bulls And The Bears

Posted on by The INO.com Team

Hello MarketClub members everywhere. Choppy, choppy, choppy that's the only way to describe the recent market action as the Bears and the Bulls battle each other for domination. It reminds you of the election and the fight between the Democrats and the Republicans. Eventually, there will be a direction and a trend both politically and financially. My job here at MarketClub is to help you determine that trend and get on the right side – I am of course referring to the financial markets and not the politics of today.

MarketClub's Mid-day Market Report

Indexes: All of the major indices still have their long-term monthly Trade Triangles intact. The intermediate trend based on the weekly Trade Triangles is down which is reflecting the choppy action that we have seen the last few days. What is interesting is if you look at the weekly charts and the weekly RSI you can see that all of the indices are above the 50 support line indicating that the trend is likely to resume to the upside. However, there are no guarantees and I will rely on the weekly Trade Triangles to tell me when to get back on the long side of the market again. Continue reading "The Battle Continues Between The Bulls And The Bears" →

Haven't We Seen All Of This Before?

Posted on by The INO.com Team

Hello MarketClub members everywhere. There is no doubt about it Friday's move was sharp and painful for many investors. However, if you are following the Trade Triangles you were out of the market and on the sidelines based on the red weekly Trade Triangle's that were indicating potential problems for all the major indices.

MarketClub's Mid-day Market Report

Looking back, Friday's move looks very similar to the move we saw on June 24 of this year when the market dropped dramatically on a Friday only to open lower on Monday. The markets then reversed themselves and moved up and made back all their losses in just four or five days.

The big question is, is this going to be a repeat of last June? Continue reading "Haven't We Seen All Of This Before?" →

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 1,323 an ounce while currently trading at 1,336 as I was recommending a short position getting stopped out in Tuesday's trade around the 1,347 level as gold prices rallied sharply off of the monthly unemployment number which was released last Friday. I’ve been recommending a short position from around 1,333 and added more contracts around the 1,320 level as this was a frustrating trade as prices traded as low as 1,307 earlier in the week as this market remains very choppy as I’m now sitting on the sidelines looking at other markets that are beginning to trend. Gold prices continue to react off what the Federal Reserve says and what the most recent rumor developing so avoid this market at present as there is no trend as who knows where interest rates are going at this time. Continue reading "Weekly Futures Recap With Mike Seery" →

Stocks Tumble On Fear Of Interest Rate Hike

Posted on by The INO.com Team

Hello MarketClub members everywhere. Stocks are trading sharply lower today after comments from a Federal Reserve banker suggests that a September rate hike might not be entirely off the table after all.

MarketClub's Mid-day Market Report

In a speech today Federal Reserve Bank of Boston President Eric Rosengren said that "a reasonable case can be made" for a rate hike, according to The Wall Street Journal.

Those words shook Wall Street, as traders had pretty much written off an interest rate increase at the Fed's Sept. 20-21 meeting. This feeling was based on the weaker-than-expected August jobs report released last week. Although Rosengren did not specifically mention September, his words, to some degree, leaves the door open to a rate hike, which Wall Street is not positioned for according to analysts.

Key levels to watch next week: Continue reading "Stocks Tumble On Fear Of Interest Rate Hike" →

Why This September Could Be Unlike Any Other September

Posted on by The INO.com Team

Hello MarketClub members everywhere. I think we can all agree that this year's presidential election is something we have never seen before. It doesn't matter if you're a Republican, Democrat or an independent in the days leading up to the final vote, be prepared for the unexpected. That is why I say September is going to be unlike any other September.

MarketClub's Mid-day Market Report

Coming back from Labor Day the index markets bounced back and resumed their upward trend based on the long-term monthly Trade Triangles. Sometimes as traders we get caught up in the minutia of trading and fail to see the bigger picture. I'm waiting for the index markets to accelerate on the upside. This may not happen, as the weekly Trade Triangles are red indicating a sidelines position in all of the indexes. This will likely will change in the very near future. Continue reading "Why This September Could Be Unlike Any Other September" →