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 July contract settled last Friday in New York at 49.33 a barrel while currently trading at 49.00 basically unchanged for the trading week continuing its nonvolatile action still hovering right near the $50 level. Crude oil prices are trading above their 20 and 100-day moving average telling you that the short-term trend is still higher as I've been sitting on the sidelines in this market as I'm possibly looking at a short position in the next week or two as the chart structure is outstanding as prices are stuck in a three-week channel. As a trader I look for risk/reward to be in your favor with outstanding chart structure as that is starting to develop in the crude oil market but at this point you have to be patient and wait for the downtrend to develop as OPEC announced yesterday that they were leaving production unchanged. Generally speaking Continue reading "Weekly Futures Recap With Mike Seery" →

Did Warren Buffett Get It Wrong With Apple?

Posted on by The INO.com Team

Hello MarketClub members everywhere. After years of avoiding tech stocks and missing the tech boom, legendary investor Warren Buffett purchased through Berkshire Hathaway 9.8 million shares of Apple on May 16th, worth roughly $1.07 billion, according to a filing for the first quarter with the Securities and Exchange Commission.

What's interesting here is hedge fund giant, David Tepper, exited his 1.2 million stake in Apple and in April, Carl Icahn said he no longer holds any shares in Apple.

MarketClub's Mid-day Market Report

So who is right? David Tepper and Carl Icahn for selling their shares of Apple Inc. (NASDAQ:AAPL) Or Warren Buffett for buying the stock? Well, it all begins with your time perspective. In the case of David Tepper and Carl Icahn, they tend to be traders as opposed to Mr. Buffett, who tends to be a long-term investor. Now I can say this about Mr. Buffett; he is not a tech guy and he missed out on the big move in all of the tech stocks. So if you are a long-term investor, it may not be a bad move to buy Apple. If you're more of a trader, then you probably want to be out of the stock of the moment.

Here is my take on Apple. Continue reading "Did Warren Buffett Get It Wrong With Apple?" →

Bonds About To Break Resistance?

Posted on by The INO.com Team

Bonds have been wrapped up in a low-volatility Elliott triangle, but they look set to lift off. Here's how we're setting up the options trade using Fibonacci.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Are Stocks Going To Sizzle Or Wilt This Summer?

Posted on by The INO.com Team

Hello MarketClub members everywhere. We are all back from a long holiday weekend and traders are wondering what's in store for the summer – are stocks going to sizzle and go higher or are they going to wilt under the threat of higher interest rates?

MarketClub's Mid-day Market Report

Predicting the future is a hazardous profession at best. So often I have seen respected economists and gurus fall flat on their faces with future predictions. The best way to look at the future, in my opinion, is that it will arrive and there will be many opportunities. That is why I let the market predict what it wants to do. Remember, the market is made up of millions of people whose collective judgment is often wrong at the top and bottom of the market. What is always be right, in the long run, is the market itself.

In today's video, I will be looking at the usual suspects – indices, gold, crude oil and one or two stocks that look interesting.

Stay focused and disciplined.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub