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Recall crude oil's dramatic 2008 price collapse. The high that year was in July at $147.50 a barrel. By December, the price had plummeted to $30.28.
This chart shows how Elliott Wave Theorist subscribers were warned ahead of time. Continue reading "Oil's Slippery Slope: How Far Will Prices Fall?"
Make no mistake about it, this past week has been very volatile with 200 point swings in the DOW becoming almost a daily occurrence.
But, guess what?
The markets are practically unchanged from last Friday's close. In fact, the the DOW and S&P 500 are up 0.20% and 0.26% respectively as of the close of business Thursday. Only the NASDAQ is down for the week with a very minor loss of 0.13%. All that could change today as traders are faced with the decision of what to with their stocks. Fridays tend to be decision day for many traders when they ask themselves, "Do I want to be short this market for the weekend, or should I be on the sidelines"?
Do you remember those 3 stocks that I highlighted on Monday? Well, I'm happy to report that all 3 stocks are positive for the week. Continue reading "What A Week And It's Not Over Yet"
Last week I talked about the "death cross". This ominous sounding indicator is watched by many long-term investors. A "death cross" occurs when the 50-day moving average moves below the 200-day moving average. It sounds a little morbid, but this indicator has been useful in the past.
Let me give you some examples of the "death cross" during the past 8 years. Since 2007, there have been four times when the "death cross" has come into play. On January 14, 2008, a "death cross" was signaled and that was the start of the big downturn that lasted until July 8, 2009, when the 50-day moving average moved back over the 200-day moving average.
On July 7, 2010, the 50-day moving average once again dipped below the 200-day moving average signaling a bear trend. That signal came to an end on October 4, 2010, and proved to be more of a consolidation than a bear market.
We had to wait until August 25, 2011 for the next "death cross". This again proved to be short lived, only about four months and in retrospect, looked more like a consolidation that a bear market. That signal ended on January 4, 2012.
So what are we to make of this last "death cross", the one that occurred yesterday? Continue reading "One Amazing Stock and the "Death Cross""
It is no secret that energy has been a big disappointment to many investors in 2015. I do not believe anyone predicted that crude oil would be so low during the month of August which is the peak travel month here in the US. That's all the more reason to see why these 3 energy-related stocks are doing what they're doing right now.
In today's video, I'm going to be analyzing each of these stocks and projecting what I think the upside targets will be in the near-term and longer-term.
The first stock I'm taking a look at is Xcel Energy Inc. (NYSE:XEL)
Xcel Energy Inc., through its subsidiaries, engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the United States. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity using coal, nuclear, natural gas, hydro, solar, biomass, oil and refuse, and wind energy sources.
Last Friday, this stock signaled a major trend change at $35.15. The market closed on Friday at $35.24. Continue reading "3 Energy Stocks Set To Soar"
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 in the December contract settled last Friday in New York at 1,095 an ounce currently trading at 1,095 as this market has been incredibly nonvolatile at the current time as prices have gone nowhere over the last three weeks as I’ve been recommending a short position from 1,170 & if you took that trade place your stop loss above the 10 day high which currently stands at 1,103 risking around $8 dollars or $250 per mini contract plus slippage and commission as the chart structure is outstanding. I have been trading the commodity markets for a longtime and I can’t remember gold trading in such a nonvolatile manner as prices continually go nowhere which is putting me to sleep as I’m getting frustrated in this market because as a trader you want to look at markets that are moving but the risk/reward is in your favor so I will just keep the proper stop loss and if you are stopped out move on and look at other markets. Continue reading "Weekly Futures Recap With Mike Seery"
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