The INO.com Team, Author at INO.com Trader's Blog

All Aboard The Gold Train

Posted on April 12, 2016April 12, 2016 by The INO.com Team

Yesterday, the Trade Triangles issued a green weekly Trade Triangle for gold. Gold (FOREX:XAUUSDO) now has three green Trade Triangles indicating that it's ready for the next upward leg in this long-term bull market.

As I have pointed out before, this quarter is the highest-rated quarter with an 83% success rate for gold trades using the Trade Triangles. Let me just be clear that this does not mean that this particular trade is guaranteed to be successful, but the odds are heavily in your favor.

I've added two charts below, a daily chart and a quarterly chart to illustrate the last time gold was in a prolonged bull market. That bull market started in Q1 of 2009 and continued for 11 quarters ending in April 2011. On the quarterly chart, you will see that every quarter for those 11 quarters the market closed higher than the previous quarter. If that same scenario plays out again, gold has 9 quarters to go.

Key To Quarterly Chart

1) The start of the 11-quarter bull market
2) The RSI indicator moves to its highest levels in 3 years
3) Gold is 2 quarters into a long-term bull market

While the quarterly chart gives us a view of the big picture of how gold has acted in the past, the daily chart shows you how to use the Trade Triangles. For intermediate-term trading, you use the weekly Trade Triangle, which we just had a signal with yesterday, as the trend indicator and the daily Trade Triangle for exit and entry signals. If you are a long-term trader, then you want to rely on the monthly Trade Triangle, which has been positive for quite some time. Continue reading "All Aboard The Gold Train" →

This Sector Breakdown Is Bad News

Posted on April 12, 2016 by The INO.com Team

Traders, there was a very weak close in the NASDAQ yesterday and I think this key sector has been lost and is set to push stocks lower. We're still short small cap IWM due to its under-performance to the other major stock indexes when using Fibonacci retracements.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

3 Energy Stocks To Watch

Posted on April 11, 2016 by The INO.com Team

Hello MarketClub members everywhere. Today I have three energy stocks to share with you. I'll be analyzing all three and giving you my potential targets for each one.

WPX Energy, Inc. (NYSE:WPX): All Trade Triangles are positive.

Business Model: WPX Energy, Inc., an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. Its principal areas of operation include the Permian Basin in Texas and New Mexico, the Williston Basin in North Dakota, and the San Juan Basin in New Mexico and Colorado. As of December 31, 2014, the company had proved reserves of 583 million barrels of oil equivalent. WPX Energy, Inc. was incorporated in 2011 and is headquartered in Tulsa, Oklahoma. Continue reading "3 Energy Stocks To Watch" →

Building a Better Trader - Volume 2: Building the Structure

Posted on April 10, 2016April 8, 2016 by The INO.com Team

The beliefs and actions of professional traders differ greatly from those of the vast majority of amateurs. One major difference between the two is that professional traders have learned how to approach the markets as a business. For example, professional traders view equipment, services, losing trades and commissions as expenditures and winning trades as income. In Volume Two of this series, Glen Ring will help build a framework for your trading career. As part of this process, he will show you how to get down to the business of making money in the markets and introduce you to five essential rules every successful trader must know.

WATCH NOW: Building a Better Trader - Volume 2: Building the Structure

Best,
The INOTV Team

Yellen, Yahoo and Yikes!

Posted on April 9, 2016April 9, 2016 by The INO.com Team

Hello MarketClub members everywhere, it's the last day of trading for the week and it has been quite a week.

Yesterday, Janet Yellen, the head of the Federal Reserve Board, came out late in the day and said that things were getting stronger economically and that the job picture was improving. It was a rare appearance by Ms. Yellen as normally the head of the Federal Reserve does not come out to make any statements, except official ones. That one statement alone was enough to evaporate most of yesterday's losses in overnight trading. It is all about free money folks and the Federal Reserve has no more rabbits to pull out of its hat.

Verizon Communications Inc. (NYSE:VZ) indicated that it plans to make a bid for Yahoo! Inc. (NASDAQ:YHOO). I find it interesting that the Trade Triangles picked up that something that was going on with Yahoo on March 29th, 10 days before the Verizon news came out. This is one of the big secrets in the market, someone (and insider) always knows what’s going on. Because of this inside knowledge, they see an opportunity to make money and they buy either options or shares in that company, in this case, Yahoo. That translates into market movement and plays into the algorithm used for the Trade Triangle technology. Yahoo is up this morning in early trading and I believe that this stock can move higher from current levels.

It seems as though 100 point swings in the Dow have become the norm at least for the moment. However, as you know, I tend to look at the bigger picture and what's going on. I do that by looking at how the markets are closing compared to last Friday's closing. Continue reading "Yellen, Yahoo and Yikes!" →

Author: The INO.com Team