Author: The INO.com Team

Amid Stock Market Turmoil, Investors Cling to Hope. Why?

Posted on by The INO.com Team

By: Elliott Wave International

I was watching financial television as the Dow Industrials fell 400-plus points on Sept. 1.

Two market professionals were interviewed: Both said the big decline in recent weeks represented a buying opportunity.

Optimism is so entrenched that even the worst month (August) for the Dow in five years didn't faze them.

Other market observers have also shrugged off the volatility. Here are just a few headlines:

  • 10 oversold stocks ready to pop (CNBC, August 26)
  • Why I'm throwing money at the stock market (Marketwatch, August 26)
  • Why this bull market is not dead (CNBC, August 25)
  • Buy the Dip Becomes Buy the Correction ... (Bloomberg, August 25)
  • Is Stock Market's 'Black Monday' Time to Buy? Some Analysts Think So (NBC News, August 25)
  • Relax, we're about to hit the bottom in stocks (CNBC, August 21)

This is an amazing display of optimism. Yet there is an explanation for this persistent hope in higher stock prices, namely: Continue reading "Amid Stock Market Turmoil, Investors Cling to Hope. Why?" →

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 1,121 an ounce while currently trading at 1,106 down about $15 this week trading below its 20 and 100 day moving average near a 3 week low as I’m currently sitting on the sidelines as this market remains choppy with poor chart structure. I still see no reason to own gold currently as the risk/reward is not your favor so look at other markets that are starting to trend such as the silver market which I am currently recommending a short position because the chart structure is outstanding. Gold prices had a significant rally in the month of August bottoming out around 1,080 then rallying to 1,170 which was impressive in my opinion due to short covering and a flight to quality as the stock market has experienced volatility in recent weeks sending money out of stocks and into gold as a safe haven but things have settled down putting short-term pressure on gold. Continue reading "Weekly Futures Recap With Mike Seery" →

Next Week Could Change Everything

Posted on by The INO.com Team

Next week, the Federal Reserve Board is set to meet between the 15th and the 17th to discuss the economy and if they should raise interest rates. There is not a unanimous opinion either in the marketplace, or the Fed itself regarding interest rates.

Should they choose to incrementally raise interest rates, the reaction in the market would tell us a lot about what the next big swing is going to be in stocks. I am not an economist nor do I have a crystal ball or inside track on what the Fed wants to do. What I do know is that the market will tell us what it wants to do and not the Fed. Right now, the major trend is down in all the indices and shows no real signs of reversing that trend any time soon. Continue reading "Next Week Could Change Everything" →

This Indicator Is Making Our Jobs Easy

Posted on by The INO.com Team

In this video Todd Gordon of TradingAnalysis.com uses the Fibonacci and Elliott Wave tools to outline the most likely path for the S&P 500 and IBM in coming weeks.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Five Ways to Stay Focused In Scary Markets

Posted on by The INO.com Team

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple and straight-to-the-point.

If you like this article, Larry’s also agreed to give you free access to his award winning book.

Today he’s going to talk about staying focused in scary markets.

In the fallout from the 2008 global financial crisis, there have been moments that have been driven by pure fear. These are the moments when it can be hard to maintain your composure and trade your plan. Unfortunately, these big days are the times when you need that composure the most. Here is a quick lesson in why it is important to keep focused in a scary market and how to achieve that focus.

Market Basics

First let us understand some market basics. Markets exist to facilitate trade. From moment to moment the market offers traders the opportunity to profit from price movement. It's an environment where every trader has the freedom to create his own results, i.e. all the choices and the power to exercise those choices reside with the trader. Continue reading "Five Ways to Stay Focused In Scary Markets" →