Author: The INO.com Team

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.

Crude Oil Futures

Crude oil futures in the August contract settled last Friday in New York at 48.56 a barrel while currently trading at 47.71 down about $1 for the trading week while selling off $2.50 this Friday afternoon. The U.S dollar is up over 200 points putting pressure on oil and the commodity sector as a whole. Crude oil prices are trading below their 20 day but still above their 100-day moving average telling you that the short-term trend is mixed as I’m currently sitting on the sidelines looking for a possible short entry in next week’s trade. Crude prices are retesting last week’s low as a possible top has been created as the Brexit situation is spooking many different markets including stock markets around the world as demand could start to wane over the next several months. The commodity markets do not like uncertainty and no one really knows how this Brexit situation will develop, but I always look at risk/reward scenarios as I do think prices may have topped out in the short-term so be patient and wait for the entry criteria to come about. Continue reading "Weekly Futures Recap With Mike Seery" →

See EU Later - Brexit is for Real

Posted on by The INO.com Team

Hello MarketClub members everywhere! The votes are counted and almost everyone got this one wrong, including the British betting shops. It's official - England is leaving the EU after 43 years.

I guess I was in the right camp when I posted this on June 14th.

The early reaction was the British Pound falling to its lowest levels since 1985 and stock markets around the world crashing. The one bright spot was the rush into gold which once again shot up over the $1300 level and seems poised to move to the $1400 level.

MarketClub's Mid-day Market Report

Indices: Looking at the major indices here in the U.S. this morning they are all going to be sharply lower and under pressure. Continue reading "See EU Later - Brexit is for Real" →

Brexit Poll: Will They Stay or Will They Go

Posted on by The INO.com Team

Today is finally the day. Britain's long-awaited referendum on whether or not the U.K. exits the E.U. will finally happen. After months of polls showing that a narrow majority of Britons favored staying with the E.U., recent surveys have shown the country's voters leaning toward leaving the 28-nation E.U. despite the potential for strong economic aftershocks in the U.K. and across the world. What is certain is that global markets are likely to see heavy trading on Friday, as investors adjust their holdings based on Britain's decision.

Which leads me to today's poll question:

Will Britain leave the European Union?

View Results

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As always, I would love to hear your thoughts on the subject. Please take a moment to vote and then leave a comment.

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

What Is That Popping Noise In The S&P 500?

Posted on by The INO.com Team

I'm not sure if that if that popping sound is only in my head or happening in the markets? Is the S&P 500 about to pop following Brexit or will it be Fed-induced liquidity rallies as usual? We are long the S&P 500 via a put option spread but will exit at the first sign of failure. Also, the bond market ETF TLT has pulled back to support.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Welcome To What I'm Calling H*ll Week

Posted on by The INO.com Team

Hello MarketClub members everywhere! Yesterday, we saw the news push the equity markets sharply higher. Unfortunately, the enthusiasm did not last the entire day and the markets fell off quite dramatically from the early highs. As I have been saying for some time, the markets are in a broad trading range and Brexit is just adding fuel to the type of range trading mentality.

MarketClub's Mid-day Market Report

I was interviewed by Reuters yesterday and they asked me what I thought of the markets and Brexit. I answered them in the only way that I could, saying that no one at this juncture has a clue as to whether England is going to remain in the EU or it's going to leave. There are of course pros and cons for both sides of this argument.

The younger generation wants to stay in the EU as it gives them more latitude to move to other countries and find work. The older generation wants to leave and get out from under the thumb of the bureaucrats in Brussels and also have Britain set its own immigration policies.

Like I said earlier, it's going to be a volatile week and polls are more likely going to drive the sentiment than common sense.

This comment just came in from a MarketClub member: Continue reading "Welcome To What I'm Calling H*ll Week" →