Author: The INO.com Team

The Currency War Has Expanded to New Fronts

Posted on by The INO.com Team

By: Elliott Wave International

Editor's note: This article was adapted, with permission, from the February issue of The Elliott Wave Financial Forecast, a publication of Elliott Wave International. All data is as of Jan. 30, 2015. Click here to read the complete version of the article, including specific near-term forecasts, for free.

The "Currency War" we discussed in our October issue of The Elliott Wave Financial Forecast and again in the January issue has expanded to new fronts, as world central banks fought to remain economically competitive by trying to push down the value of their currencies.

Singapore became at least the ninth nation to "jump on the easing bandwagon" in January, employing loose monetary measures designed to reduce the value of the Singapore dollar.

Our long term bullish forecast for the U.S. dollar remains on track, and this month the Dollar Index jumped to 95.527, retracing 50% of its decline from 121.020 in July 2011 to 70.700 in March 2008. Continue reading "The Currency War Has Expanded to New Fronts" →

Jim Rogers on Opportunities in Russia and Other Hated Markets

Posted on by The INO.com Team

By Nick Giambruno

Nick Giambruno: Welcome, Jim. As you know, Doug Casey and I travel the world surveying crisis markets, and we always like to get your take on things. Today I want to talk to you about Russia, which is a very hated market right now. What are your thoughts on Russia in general and on Russian stocks in particular?

Jim Rogers: Well, I’m optimistic about the future of Russia. I was optimistic before this war started in Ukraine, which was instigated by the US, of course. But in any case, I bought more Russia during the Crimea incident, and I’m looking to buy still more.

Unfortunately, what’s happening is certainly not good for the United States. It’s driving Russia and Asia together, which means we’re going to suffer in the long run—the US and Europe. Another of the big four Chinese banks opened a branch in Moscow recently. The Iranians are getting closer to the Russians. The Russians recently finished a railroad into North Korea down to the Port Rason, which is the northernmost ice-free port in Asia. The Russians have put a lot of money into the Trans-Siberian railroad to update it and upgrade it, all of which goes right by China.

Usually, people who do a lot of business together wind up doing other things together, such as fighting wars, but this isn’t any kind of immediate development. I don’t think the Russians, the Chinese, and the Iranians are about to invade America.

Nick: So because of these economic ties to Asia, the Russians are not as dependent on the West. Is that why you’re optimistic about Russia? Continue reading "Jim Rogers on Opportunities in Russia and Other Hated Markets" →

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 April contract are up $13 this afternoon in New York currently trading at $1,233 an ounce after settling last Friday around $1,235 basically unchanged for the trading week still right near 4 week lows is I’m recommending investors to sit on the sidelines in this market as the trend is currently mixed. Gold futures are trading below their 20 but just barely above their 100 day moving average as the S&P 500 had a terrific week as the Dow Jones cracked 18,000 to the upside as that’s where the interest lies currently as the next major level of support is between $1,180 – $1,220 but sit on the sidelines as the chart structure is absolutely terrible at the current time. If you have followed any of my previous blogs I constantly stress the fact to avoid markets that are choppy as I think the success rate is very low unless you are some type of day trader but I hold positions overnight so look for another market that is beginning to trend and keep an eye on gold as I don’t think we will be trading this market for quite some time. The U.S dollar is still right near 11 year high and that’s always pessimistic commodities in general especially the precious metals but at the current time I just don’t have an opinion on this market as I think we will chop around in the short term.
TREND: MIXED
CHART STRUCTURE: POOR

Silver Futures

Silver futures in the March contract are up $.55 this afternoon still trading below their 20 but above their 100 day moving average telling you this trend is mixed as I’m also advising traders to sit on the sidelines in this market as we were stopped out at the 2 week low around 16.71 last Friday as this market remains extremely volatile but prices continue to move sideways. Continue reading "Weekly Futures Recap With Mike Seery" →

Tesla Disappoints And How The Trade Triangles Saved The Day

Posted on by The INO.com Team

Yesterday we discussed how the Trade Triangles can help you take advantage of earnings. We had a lively discussion on the blog, with many members asking and explaining how the Trade Triangle technology works during the earnings season.

This morning I randomly picked out four well-known stocks that reported yesterday, they are: Continue reading "Tesla Disappoints And How The Trade Triangles Saved The Day" →

How To Successfully Play The Earnings Game - And Win 95% Of The Time

Posted on by The INO.com Team

Today I'm going to tackle something completely different and see if MarketClub's Trade Triangle technology can help you anticipate good or bad earnings before they are announced.

I randomly selected 20 stocks that have recently reported earnings and took a look to see how the Trade Triangles were positioned in each of those stocks before each company announced their earnings. Again, I only used the market-proven Trade Triangle technology to see whether you should be long or short a stock, or just be on the sidelines.

The results even surprised me, out of the 20 stocks that I picked, you would have been in positions in 12 of them. 11 were outright winners and there was one loser. You would have taken a position in the market on the close before the company reported its earnings. You would then exit the position on the close of business the next day.

So how did the Trade Triangles do with the other eight stocks?

The remaining eight stocks were on the sidelines. Being on the sidelines helped avoid five losing trades, meaning the market did not live up to its earnings. However on the other side of the coin, you missed out on three gains by being on the sidelines. When you analyze the missed gains and the avoided losses, you still come out ahead by having a position on the sidelines.

Here is a list of all the stocks and the dates. You can simply look at the chart and check the results for yourself. Continue reading "How To Successfully Play The Earnings Game - And Win 95% Of The Time" →