Author: The INO.com Team

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 June contract are down $11 this Thursday afternoon in New York trading at 1,197 an ounce basically unchanged for the trading week as investors are awaiting tomorrow’s monthly appointment number which should send high volatility into this market as prices have rallied about $60 over the last three weeks as profit-taking ensued in today’s trading action. Gold futures are trading above their 20 day but still below their 100 day moving average telling you that the trend is mixed as I’m sitting on the sidelines waiting for better chart structure to develop as tomorrows trade should be very interesting. Estimates are around 244,000 new jobs added so any number higher than that will probably send gold prices sharply lower as that might in turn tell the Federal Reserve that interest rates might have to be raised sooner rather than later. Continue reading "Weekly Futures Recap With Mike Seery" →

Is This Apple's Secret Or One Amazing Coincidence?

Posted on by The INO.com Team

Hello traders and MarketClub members everywhere. Today, I am going to be looking at what could be an amazing coincidence in Apple. It could also be a profitable opportunity for alert traders. Before we get into that, I hope you all had a chance to look at yesterday's special post on gold. If you didn't, please check it out right here.

It is the last day of the trading week, with both the stock and bond markets closed tomorrow for Good Friday.

I want to lay out for you a potential trading scenario for Apple stock. To that end, I have shown on the below daily chart what I think is going to happen in the future.

In approximately 7 days from now, give or take a couple of days, Apple should offer an amazing buy opportunity if this scenario plays out like I think it will.

Apple Daily Chart

It appears after making a high, Apple sort of drifts back for the next 33 to 34 days before it once again has a sharp upward move. If that same scenario plays out this time, then somewhere between the 10th and 12th of April would be in ideal time to look at getting long stock in Apple. On April 10th, Apple is going to begin taking preorders for its new Apple Watch, coincidence maybe. I'm sure there will be legions of loyal Apple fans waiting and wanting the latest gadget from Apple. Continue reading "Is This Apple's Secret Or One Amazing Coincidence?" →

My Secret Formula For Successful Gold Trading

Posted on by The INO.com Team

The price of gold is now in its fourth year of a bear market. It is shocking to many gold bugs that gold, a metal revered since ancient times, could fall so dramatically from its all-time high of $1,920.56 on September 4th, of 2011. The precipitous drop of almost $800 in less than four years was more than most gold bugs could stand as stocks soared to new highs. Many threw in the towel when gold hit $1132.05 on November 7th and moved into stocks. This could prove to be a bad omen in the future. Since reaching a low on November 7th, gold has for the most part moved sideways with a slight upward bias.

You can clearly see on the chart that there is a big divergence that shows. When prices were making their lows, momentum was building for the market to bounce.

Now for the good news! Continue reading "My Secret Formula For Successful Gold Trading" →

GBP/USD Pair Rises from Eight-Month Trough Following Release of UK Data

Posted on by The INO.com Team

By: Susan Wade

In March the pound rose against the US dollar, pulling the currency combination from eight-month lows.

The pound increased following the release of information that showed that the UK's trade deficit had narrowed more than expected over the course of January.

The effect of the trend was intensified by market attitudes towards the dollar, which cooled ahead of the economic reports that American is set to release.

The Pound Rises as the Dollar Falls

The trend that we are seeing within the market is an interesting one, due to the duality of phenomena influencing both the pound and the dollar. Continue reading "GBP/USD Pair Rises from Eight-Month Trough Following Release of UK Data" →

If Q1 Is An Indication Of The Future, Then Q2 Is Going To Be Very Interesting

Posted on by The INO.com Team

Hello traders and MarketClub members everywhere. We are rapidly approaching the end of the first quarter and zero hour in Geneva. It remains to be seen what agreement, if any, comes out of the nuclear agreement with Iran. I'm doubtful that they will get an agreement done today and that their request for a July 1st deadline is going to be a major hurdle as well. That is why I say Q2 could be very interesting.

Q1 saw the rise of the Arab coalition army and the fight for Yemen. Where that ends up and how it affects the market is a big unknown at this time. Rest assured, I will keep you abreast of how markets are acting and reacting to the global political news. Continue reading "If Q1 Is An Indication Of The Future, Then Q2 Is Going To Be Very Interesting" →