I thought I would dust off an old reader favorite today and add a little humor to the New York primary.
What do you think would be the "perfect caption" for this photograph of Donald Trump?
Here's mine: "See, I AM one of you"!
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.
It's amazing how many investors dive head-first into trading before they understand how the markets work. In Volume Three of this series, Glen Ring will teach you how to view the markets from an analyst's point of view. You'll discover why markets trend and why they go sideways - and why learning how to recognize these situations can be extremely valuable. You'll also learn four different ways to identify support and resistance, and you'll become familiar with some specific tools you can use to identify trends. Finally, you'll learn how markets behave at certain junctures and how learning this information can be useful in building a winning trading structure.
WATCH NOW: Building a Better Trader - Volume 3: Using the Right Tool for the Job
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.
Cotton futures in the July contract dropped 250 points over the last 2 trading sessions currently at 59.35. I’ve been recommending a bullish futures position from around the 59.00 level and if you took that trade continue to place your stop loss below the 10 day low which currently stands at 58.23 as volatility certainly has picked up in this commodity. Prices settled last Friday at 59.56 while trading slightly lower week now just barely trading above its 20-day but still below its 100-day moving average as the recent plunge in prices was blamed on very weak export sales data coupled with the fact of profit-taking. Earlier in the week, the USDA lowered U.S ending stocks and world stocks sending cotton prices to an 8 week high so continue to place the proper stop loss and if we are stopped out I will move on and look at other markets that are beginning to trend. Continue reading "Weekly Futures Recap With Mike Seery"
Crude Oil (NYMEX:CL.K16.E) is falling for the 3rd straight day and is currently trading near session lows. But why the sudden drop you may be asking.
OPEC producers are due to gather in Doha on Sunday, to discuss whether to freeze oil production output at January's levels. Oil is dipping this morning as hopes of a deal between oil producers has faded. Hopes had been that OPEC would agree to freeze output, but it seems that Iran has other plans. Iran has already stated that it won't agree or adhere to a production freeze as it looks to boost its production. Reason being that sanctions on its oil sales were just lifted in January.
As you can imagine the other OPEC producers are desperate to make a deal and to raise the price of oil. After all, low crude prices have cost them billions of dollars so far.
If you take a look at the chart, you can see that the Trade Triangles entered into a sidelines position today. This is based on the red daily Trade Triangle that triggered at $40.09 this morning.
Key Levels To Watch:
1. 38.07 - The 50-day moving average provides the key level of support at 38.07. If this level is breached, oil could drop to $30 a barrel.
2. 35.24 - The weekly Trade Triangle will change to red if oil breaks through this level. This would confirm a move to the downside and further weakness.
3. 42.16 - The daily Trade Triangle will change to green if oil breaks through this level. This would confirm a move to the upside and further strength.
As we head into the weekend, I think that the sidelines positions indicated by the Trade Triangles is the best place to be based on the uncertainty of the outcome of the Doha meeting.
Have a great weekend!
Every Success,
Jeremy Lutz
INO.com and MarketClub.com
Hello MarketClub members everywhere. Many large, well-known energy companies triggered major buy signals yesterday based on green monthly Trade Triangles. In today's video, I will be looking at three energy stocks tied to crude oil which also gave buy signals yesterday. There is still a little bit of resistance just above the market in crude oil, but I expect that to be taken out and for oil to move to the upside in the days and weeks ahead.
Here are the three stocks that I will be analyzing today. Continue reading "Energy Is The Name Of The Game"
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