Author: The INO.com Team

A Valued Trading Ritual

Posted on by The INO.com Team

Hello traders and MarketClub members everywhere! Here we are at the end of the week, the end of the month and anticipating a full moon this weekend. It has been quite a week and quite a month and I will be covering that in today's video.

One of my trading rituals that I do every week is look at how the markets have performed for the week. I don't mean that I look at every up and down movement, but I want to see if the market closed on a positive or negative note. I also do this on a monthly basis, at the end of every month or the last day of trading for the month, to see how a market has performed during the month. Much like my weekly ritual, I want to see if the markets I am following gained points or lost ground for the month.

I find this sort of exercise very refreshing as it takes out a lot of the clutter that surrounds the markets during the day. When you expand that exercise to a monthly time frame, you get to see a much clearer view of where a market is heading. Continue reading "A Valued Trading Ritual" →

Beware Of The New Moon, It Could Cost You!

Posted on by The INO.com Team

Yes, I know it sounds crazy but the reality is the phases of the moon do affect the way we feel. There has been a lot written about how the moon affects people, which in turn would affect the market.

I first learned about this phenomenon in a little-known booklet titled, "The Great Wheat Secret". This tiny booklet was written and I suspect illustrated by a gentleman named Burton H. Pugh some time back in the 30s. In what turned out to be a series of booklets, Mr. Pugh went on to explain how a full moon created optimism and in turn pushed wheat prices to move higher. In his booklets he showed examples of the prices of wheat moving up at the Chicago Board of Trade during a series of moon cycles.

It probably sounds a little crazy to you, but the moon cycles are really no different from market cycles. Many market cycles have been well documented in the marketplace for many years.

That brings us to 2015 which is proving to be a very exacting year for many traders, as the market really hasn't gone anywhere except up and down.

We are very close to seeing a full moon in just a couple of days on the 31st. That should bring some optimism into the general markets. What was also interesting to me was seeing how a new moon was affecting the markets. Here it seemed as though we had a clear cycle that could be tracked and linked to the lunar cycle.

Now I don't want you to get carried away and think Adam's gone crazy, but take a look at the rhythm of the market and these dates.

New moon date(s) and close in the S&P500 that day. Continue reading "Beware Of The New Moon, It Could Cost You!" →

Gold Hits a 5-Year Low: How to Time the Next MAJOR Bottom

Posted on by The INO.com Team

By: Elliott Wave International

"In what traders called a 'bear raid,' sellers on Monday dumped an estimated 33 tonnes of gold in just two minutes on exchanges in Shanghai and New York, sending prices on a nearly $50 downward spiral from which they never fully recovered." (Reuters, July 21)

If you live in the U.S., maybe you've noticed lately that "We Buy Gold!" signs are disappearing from sidewalks in front of pawn shops. The signs really began popping up in 2010-2011, when gold prices were climbing to their all-time high of $1900 an ounce. And even after gold tumbled from that peak in September 2011, the signs stayed up for months. Only after gold fell below $1200 an ounce in 2013 -- and price stayed flat for almost two years -- did "We Buy Gold!" signs become scarce.

Someone may chuckle at this brief record of poor timing decisions, and maybe even put it down to the general investment ineptitude of laymen. Certainly, big-name gold market players -- like central banks, for example -- with their access to privileged information and armies of PhD's would not make timing mistakes like that. Right? Continue reading "Gold Hits a 5-Year Low: How to Time the Next MAJOR Bottom" →

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 August contract settled last Friday in New York at 1,132 an ounce while currently trading at 1,082 down about $50 for the trading week continuing its remarkable bearish trend as I’ve been recommending a short position when prices broke 1,170 and if you took that trade continue to place your stop loss above the 10 day high which currently stands at 1,160 as the chart structure will start to improve on a daily basis starting next week. Gold prices are trading far below its 20 and 100 day moving average telling you that the short-term trend is to the downside as the next level of support is around 1,050 as I think that could be tested in next week’s trade as there’s no reason to own gold and if you’ve been reading any of my previous blogs you understand how bearish I am of the entire commodity sector as a whole. Continue reading "Weekly Futures Recap With Mike Seery" →