As promised here is today's caption for the "Amtrak Primary."
What do you think would be the "perfect caption" for this photograph of Senator Ted Cruz?
Here's mine: "Your world is on fire"!
Feel free to leave your caption, but please keep them above board.
For a good chuckle, be sure to read some of the captions from previous Fill In The Caption pictures.
The markets will be watching the Fed closely, looking for the central bank's latest decision on interest rates (although no one expects a change), there's also new GDP estimates for the markets to chew on.
Meanwhile, there are corporate earnings to think over, with Apple headlining a week of major earnings announcements. And, the presidential candidates continue to battle for votes and delegates with 5 states up for grabs on Tuesday. With all of that mind, let's take a look at the markets.
Key levels to watch this week:
S&P 500 (CME:SP500): 2,033.80
Dow (INDEX:DJI): 17,484.23
NASDAQ (NASDAQ:COMP): 4,808.91
Gold (FOREX:XAUUSDO): 1,214.70
Crude Oil (NYMEX:CL.M16.E): 36.57
Every Success,
Jeremy Lutz
INO.com and MarketClub.com
In the fourth and final volume of this series, you'll discover how to combine what you learned in the first three volumes into a simple, but effective trading approach. You'll be on the edge of your seat as professional trader Glen Ring shows you some valuable tools and techniques you can use to lay down a foundation on which to build your own successful trading structure. After completing this program, you'll know how to apply some of Glen's most powerful, time-tested trading ideas to recognize potentially explosive moves - and get in and get out of the markets for the maximum profits.
WATCH NOW: Building a Better Trader - Volume 4: Adding the Finishing Touches
Best,
The INOTV 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 in the June contract settled last Friday in New York at 41.71 a barrel while currently trading at 43.77 up about $2 for the trading week. I’ve been sitting on the sidelines in this market as the chart structure does not my criteria to enter into a bullish position at this time. Crude oil prices are trading far above their 20 and 100-day moving average telling you that the short-term trend is higher as the bullish momentum continues despite the fact that last Sunday OPEC decided not to cut production sending prices sharply lower only to rally significantly over the last several days. That tells me that the short-term bottom is in place. At the current time the 10 day low stands at 39.00 which is too far away. However, we could be entering into a bullish position over the next couple of days once the chart structure tightens, therefore, allowing a tight stop loss lowering monetary risk as that’s what trading is all about. Continue reading "Weekly Futures Recap With Mike Seery"
Traders, there are few things I needed to get off my chest about trading, trading analysts, trading marketers, and this industry in general. Once the 10-minute rant is over, I jump into the markets to show you some interesting dynamics that could be indicating a rate hike is coming. I look at the sector analysis, the Yen, NASDAQ, and a few others.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
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