Conventional wisdom says that counter-trend trading is a losing game. I agree if you're using conventional tools! Using leading indicators that anticipate price movement allows you to construct high reward, low-risk entries. Join me as you take you through this options trade in the Russell 2000 ETF "IWM."
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
Precious metals expert Michael Ballanger says that owning silver versus owning gold is a high-probability trade that could be the 2016 Trade of the Year.
This week's Gong Show in the global financial markets reminds me of the early 1980s before the advent of the Internet or online trading or blogs and especially before 30-something financial "advisors" were allowed to go on the national (and international) airwaves or Internet websites and babble on for what seem like days how "The Fed has our back!" as an excuse for buying stocks at 23 times forward earnings.
Back then, at 4:15 every Friday night, there would be a line-up of brokers and analysts (even the janitor) next to the old teletype machine (I am imagining more than a few raised eyebrows among the kids out there as they quickly Google search "teletype machine" on their Smartphones while sipping a $10 cup of fancy-ass coffee) in expectation of the all-important "Money Supply" numbers that everyone supposed was going to give them a hint as to when interest rates would start to decline from 16%-plus nosebleed levels of the early 1980s. Continue reading "The Gold-to-Silver Ratio: A Truly Generational Opportunity"
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.
The 10 year note in the June contract settled last Thursday in Chicago at 129 7/32 while currently trading at 130 12/32 trading higher 4 out of the last 5 trading sessions as I’ve been recommending a bullish position from around 129/25 as I think interest rates in the United States are going lower which is an amazing thing to state. Worldwide interest rates in many different countries have gone negative which is the first time in history that has happened as I think the world is chasing interest rates and at 1.77% the U.S still looks expensive in my opinion so play this to the upside as I’m looking to add more contracts once the chart structure improves, therefore, lowering monetary risk. If you took the original recommendation place your stop loss below the 10 day low which currently stands 128/20/30 as the chart structure will not improve for another 4 days as you will have to be patient with the monetary risk as I think prices will retest last month’s high around 132/16 as the bullish trend remains intact in my opinion. Continue reading "Weekly Futures Recap With Mike Seery"
With the Fed firmly on hold, stocks are in quarter-ending ramp job helped by a falling dollar. We take a spin around the markets and key sectors leading us and then finish with Fibonacci analysis of our new option position in the US dollar ETF.
Learn more about TradingAnalysis.com here.
Plan Your Trade, and Trade Your Plan,
Todd Gordon
Hello MarketClub members everywhere. I have to say that I have an uneasy feeling about the markets today. As you know, for some time I have been neutral to negative on the major indices based on the monthly Trade Triangles. As I pointed out yesterday, the first cracks in the armor came when the indices fell below their PSAR levels. The only exception was the NASDAQ, whose PSAR comes in today at 4734.77. Should the NASDAQ (NASDAQ:COMP) trade below that level today, it would indicate that all indices are now vulnerable to a fairly sharp selloff.
Indices: I will be looking at all the major indices and indicating where they could potentially slip to in the weeks ahead. Also, Janet Yellen, head of the Federal Reserve, will be talking about the economy today. I have been a vocal critic of the Fed's policy for some time and believe the Fed is in over its head and doesn't quite know how to resolve the current continued weakness in the US economy. Continue reading "I Have An Uneasy Feeling Today"
You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.
