Author: The INO.com Team

Chart to Watch - Best Buy (BBY)

Posted on by The INO.com Team

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the Best Buy Co.,Inc. (NYSE:BBY).

I hope you are having a GREAT week! Best Buy Co., Inc. (NYSE:BBY) took off in January of this year and has for the most part not looked back making it one of this years biggest winners so far.

It is due for a larger counter trend correction which could have started with the current red weekly Trade Triangle. Continue reading "Chart to Watch - Best Buy (BBY)" →

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 for the December contract sold off about $37 dollars from last Friday’s settlement of 1,287 as pessimism continues to grow in the precious metals as demand is at 4 year low as investors are selling gold ETF’s pushing prices lower and taking that money and putting it into the S&P 500 and NASDAQ which continue to make new highs once again today. Volatility in gold at this time is a 6 out of 10 meaning volatility can get much higher in my opinion as gold has been kind of grinding lower so if you’re looking to get short the gold market I would look at February put options or look at some bear put spreads for the month of April limiting your loss to what the premium costs as gold has entered into a bearish trend at this time. Gold looks weak right now and I do think prices will retest Continue reading "Weekly Futures Recap With Mike Seery" →

Game On! The Dow Closes Over 16,000

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and co-creator of MarketClub, with your video update for Friday, the 22nd of November.

With yesterday's record high close of 16,009.99 in the Dow (INDEX:DJI), it would appear as though the stage is set for further gains in this index. Many of the stocks that make up this index are doing very well, stocks like Intel (NASDAQ:INTC), American Express (NYSE:AXP), Bank of America (NYSE:BAC), Walt Disney (NYSE:DIS), Home Depot (NYSE:HD), JP Morgan (NYSE:JPM) and so on. Only one stock in the Dow 30 Index appears to be in a full negative trend according to the Trade Triangles and that stock is Cisco (NASDAQ:CSCO).

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Continue reading "Game On! The Dow Closes Over 16,000" →

Has Crude Oil Bottomed Out? Maybe.

Posted on by The INO.com Team

Today, I am going to take an in-depth look into the world of crude oil. The question on most traders' minds is, has this market finally bottomed out?

As you can see on the chart, crude oil prices have been had been steadily moving higher for the most part of this year, until they peaked in September. We see (1) a strong supporting trend line which hit three places on the chart, making it a valid trend line of some importance. This trend line was dramatically broken in October and since then, the price of crude oil has fallen from over $100 a barrel to around the $94 a barrel level. Two events indicated this could happen, the (2) double top and divergence on the chart and (3) the divergence on the RSI indicator. Continue reading "Has Crude Oil Bottomed Out? Maybe." →

Apple, Amazon, and Yahoo = Apathy

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 20th of November.

Apple (NASDAQ:AAPL)

Today, I'm putting Apple under the microscope and looking at the various scenarios I can see playing out for this stock. As many of you know, I'm a very big Apple fan and I love Apple products. However, there are times when I don't share the same feelings for the stock of Apple.

Amazon (NASDAQ:AMZN)

The stock of Amazon is barely changed for the week and continues to consolidate over the $360 level. I still feel that this stock can lazily move up to the $400 level by the end of the year. Continue reading "Apple, Amazon, and Yahoo = Apathy" →