Author: The INO.com Team

The 2 Most Important Keys to Successful Trading

Posted on by The INO.com Team

Examples from Whole Foods Market (WFM) and Reynolds American, Inc (RAI) show you what to do (or not) to trade successfully with Elliott.

By Elliott Wave International

After 20 years of experience applying Elliott wave analysis in real markets, our Senior Analyst Jeffrey Kennedy says that it remains the only tool that will tell him -- down to the tick, to the pip, even to the penny – when his forecast is no longer viable.

That, according to Kennedy, are two most important keys to successful trading:

  1. "Know where you are wrong," and
  2. "Don't pick tops and bottoms"

See the logic behind Kennedy's wisdom by reviewing these two timeless lessons from his Trader's Classroom service: Whole Foods Market, Inc. (WFM) and Reynolds American, Inc. (RAI). Then, see how you can get more free lessons during Kennedy's popular Trader Education Week, going on now!

WFM's forecast was right and RAI's was wrong. While price evidence was compelling for both issues, the forecast in WFM was in the direction of the trend and RAI's incorporated top picking. Here's what happened: Continue reading "The 2 Most Important Keys to Successful Trading" →

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.

Gold Futures

Gold futures in the December contract settled last Friday in New York at 1,156 an ounce while currently trading at 1,178 up over $20 for the trading week continuing its bullish momentum hitting a 3 ½ month high as I’ve been sitting on the sidelines as the 10 day low stands at 1,130 which is too far away with too much risk at the current time as I will wait for a better chart structure to occur. Gold prices are trading above their 20 and 100 day moving average for the first time in months telling you that this rally could be for real but wait for a better chart structure to tighten up therefore lowering monetary risk which could take another 5 days as a weak U.S dollar has spurred prices to the upside in recent weeks. Continue reading "Weekly Futures Recap With Mike Seery" →

Double Digit Returns In Q3 For The World Cup Portfolio

Posted on by The INO.com Team

The World Cup Portfolio once again showed its resilience and produced a solid return of just over 16% in Q3. For many traders, Q3 was a difficult quarter and there were certainly parts of the World Cup Portfolio that did not fare well either during this quarter. However, those losses were offset with profits from other parts of the portfolio. That is one of the principal reasons why the portfolio trades six different markets that have a low correlation rate.

In case you are not familiar with MarketClub's World Cup Portfolio, here are the six markets: corn, wheat, soybeans, crude oil, gold and the dollar index. Out of those six markets, the portfolio made money in five of them, the only disappointment was the dollar index which has proven to be a frustrating, trend-less market over the last couple of quarters.

Here are the individual results for each market trading one contract. Continue reading "Double Digit Returns In Q3 For The World Cup Portfolio" →

Is It Time To Bail Out Of The Big 3 Banks?

Posted on by The INO.com Team

Today I'm going to be looking at the banking sector and the three big banks. Forget their recent earnings announcements and their history – look at the market action, it's telling a whole different story.

The stocks I will be looking at are JPMorgan Chase & Co. (NYSE:JPM), The Goldman Sachs Group, Inc. (NYSE:GS) and Bank of America Corporation (NYSE:BAC). I will be looking at each of these stocks individually and showing you a pattern that has proven to be very profitable in the past. Each of these stocks potentially could go a lot lower in Q4 and you should know why. Continue reading "Is It Time To Bail Out Of The Big 3 Banks?" →

Time To Buy Twitter?

Posted on by The INO.com Team

Hello MarketClub members everywhere, I thought that I would take a look at a stock that's been in the news and that everyone has heard of. The stock I will be looking at today is Twitter, Inc. (NYSE:TWTR) which announced yesterday it would trim its workforce by up to 8% which meant they would be laying off 336 employees.

This once darling of the tech world has seen its stock price consistently move lower since its IPO when it traded a short time later up as high as $74.73 on December 26th, 2013. Since that time, Twitter has seen its influence and stock price steadily erode with the stock price hitting a low of $21 this past August. Continue reading "Time To Buy Twitter?" →