Author: The INO.com Team

Just 10 More Trading Days

Posted on by The INO.com Team

Hello MarketClub members everywhere. It would appear as though the markets have gone to sleep or have been mesmerized by the summer Olympic Games. I believe going to come to an end in just 10 more days as we officially say goodbye to summer. After Labor Day I expect we will see more volume and more direction in all of the markets.

This time of year reminds me of how the markets behave after the 15th of December when most traders check out for the year. If you have not made your money by 15th of December, the odds are against you making it in the last two weeks of the year. The keyword right now is patience, patience, patience.

MarketClub's Mid-day Market Report

The way to look at the markets when they move into a doldrum period like we are in now is to look at the big trends before we entered into this quiet period as the odds once again favor a resumption of the 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 Triangles. Continue reading "Just 10 More Trading Days" →

The 5 Fatal Flaws of Trading

Posted on by The INO.com Team

By: Elliott Wave International

Close to ninety percent of all traders lose money. The remaining ten percent somehow manage to either break even or even turn a profit -- and more importantly, do it consistently. How do they do that?

That's an age-old question. While there is no magic formula, Elliott Wave International's own Jeffrey Kennedy has identified five fundamental flaws that, in his opinion, stop most traders from being consistently successful. We don't claim to have found The Holy Grail of trading here, but sometimes a single idea can change a person's life. Maybe you'll find one in Jeffrey's take on trading. We sincerely hope so.

The following is an excerpt form Jeffrey Kennedy's Trader's Classroom Collection eBook. Continue reading "The 5 Fatal Flaws of Trading" →

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.

Mexican Peso Futures

The Mexican Peso in the September contract settled last Friday at 5462 while currently trading at 5460 basically unchanged for the trading week while trading lower for the 2nd consecutive day down about 50 points this Friday afternoon as I am looking at entering into a bullish position come Monday’s trade. The 10 day low at the present time stands at 5305 which is risking around $900 per contract plus slippage and commission but come Monday’s trade that will be raised to 5358 risking less than $500 per contract plus slippage and commission as I will be patient and look for an entry point come Monday morning. The Peso is trading above its 20 and 100-day moving average telling you that the short-term trend is higher as I think this recent pullback in price is due to the tremendous rally we’ve had in the month of August as I still think the bullish trend is still intact. Continue reading "Weekly Futures Recap With Mike Seery" →

And The Big Winner This Week Is

Posted on by The INO.com Team

Hello MarketClub members everywhere. It's Friday and the big winner for the week is Crude Oil which is up 8.34% for the week and in turn my recommendation to buy Kinder Morgan Inc. (NYSE:KMI).

MarketClub's Mid-day Market Report

Looking at the major indices here are the changes so far this week (Thursday Closes): Continue reading "And The Big Winner This Week Is" →

Get Ready For The Mid Week Move

Posted on by The INO.com Team

Hello MarketClub members everywhere. We have arrived the middle of the trading week. I've always looked at Wednesday’s as a day to reassess your positions after the trading action on Monday and Tuesday. Do you want to stay or exit those positions or do you want to continue to hold them to the end of the week and beyond?

MarketClub's Mid-day Market Report

So let's do that, let's take a look at where we are in the markets and how you should be positioning your portfolio for the end of the week. Continue reading "Get Ready For The Mid Week Move" →