Category: General

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.

Cotton Futures

Cotton futures in the July contract dropped 250 points over the last 2 trading sessions currently at 59.35. I’ve been recommending a bullish futures position from around the 59.00 level and if you took that trade continue to place your stop loss below the 10 day low which currently stands at 58.23 as volatility certainly has picked up in this commodity. Prices settled last Friday at 59.56 while trading slightly lower week now just barely trading above its 20-day but still below its 100-day moving average as the recent plunge in prices was blamed on very weak export sales data coupled with the fact of profit-taking. Earlier in the week, the USDA lowered U.S ending stocks and world stocks sending cotton prices to an 8 week high so continue to place the proper stop loss and if we are stopped out I will move on and look at other markets that are beginning to trend. Continue reading "Weekly Futures Recap With Mike Seery" →

This Sector Breakdown Is Bad News

Posted on by The INO.com Team

Traders, there was a very weak close in the NASDAQ yesterday and I think this key sector has been lost and is set to push stocks lower. We're still short small cap IWM due to its under-performance to the other major stock indexes when using Fibonacci retracements.

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Plan Your Trade, and Trade Your Plan,
Todd Gordon

Yellen, Yahoo and Yikes!

Posted on by The INO.com Team

Hello MarketClub members everywhere, it's the last day of trading for the week and it has been quite a week.

Yesterday, Janet Yellen, the head of the Federal Reserve Board, came out late in the day and said that things were getting stronger economically and that the job picture was improving. It was a rare appearance by Ms. Yellen as normally the head of the Federal Reserve does not come out to make any statements, except official ones. That one statement alone was enough to evaporate most of yesterday's losses in overnight trading. It is all about free money folks and the Federal Reserve has no more rabbits to pull out of its hat.

MarketClub's Mid-day Market Report

Verizon Communications Inc. (NYSE:VZ) indicated that it plans to make a bid for Yahoo! Inc. (NASDAQ:YHOO). I find it interesting that the Trade Triangles picked up that something that was going on with Yahoo on March 29th, 10 days before the Verizon news came out. This is one of the big secrets in the market, someone (and insider) always knows what’s going on. Because of this inside knowledge, they see an opportunity to make money and they buy either options or shares in that company, in this case, Yahoo. That translates into market movement and plays into the algorithm used for the Trade Triangle technology. Yahoo is up this morning in early trading and I believe that this stock can move higher from current levels.

It seems as though 100 point swings in the Dow have become the norm at least for the moment. However, as you know, I tend to look at the bigger picture and what's going on. I do that by looking at how the markets are closing compared to last Friday's closing. Continue reading "Yellen, Yahoo and Yikes!" →

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.

Crude Oil Futures

Crude oil futures in the May contract settled last Friday in New York at 36.79 a barrel while currently trading at $39.31 this Friday afternoon on bullish comments about production slowing down dramatically towards the end of year propping up prices this afternoon. Oil prices are trading above their 20-day and 100-day moving average telling you that the short-term trend is higher. However, this market remains extremely choppy and had bearish momentum before today’s action so avoid this market at present and wait for better chart structure to develop which could take several more weeks in my opinion. Oil prices are trading between $35/$42 a barrel as there is very little fresh fundamental news to push prices sharply higher or lower in my opinion. I am waiting for volatility to slow down, therefore, then I can place my stop loss relatively close, therefore, lowering monetary risk, but at this time, I don’t see any trend in crude oil so look at other markets that are beginning to trend with better risk/reward potential at the current time. Rumors are circulating Continue reading "Weekly Futures Recap With Mike Seery" →

Jack Chan Sees New Major Buy Signal For Gold But Is Patient

Posted on by admin

Technical analyst Jack Chan has examined the charts and says the gold sector is on a new major buy signal, which could signal a new bull market. But he is patiently waiting for confirmation.

Chart 1

The gold sector is on a new major buy signal, therefore opening the opportunity of a new bull market. However, Commitment of Traders (COT) data remains in bear market values and is now at levels of previous tops. I remain patient and wait for confirmation, which is when speculation according to published COT data has returned to bull market values, and the 2015 high in gold prices near $1,300/oz is exceeded to the upside.

$HUI is on a new long-term buy signal, ending the sell signal from early 2012. (See chart above).

Long-term signals can last for months and years and are more suitable for the long-term investors. Continue reading "Jack Chan Sees New Major Buy Signal For Gold But Is Patient" →