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.

Crude Oil Futures

Crude oil futures in the April contract settled last Friday in New York at 38.50 a barrel while currently trading 40.65 up over $2 for the trading week now trading above its 20 and 100-day moving average for the first time in 6 months. The selloff in the U.S dollar has pushed up oil prices tremendously over the last several weeks. Oil prices are trading higher for the 3rd consecutive day; however this rally has been based on very low volume which is a little concerning as I'm sitting on the sidelines in this market as I have missed the rally to the upside. The U.S dollar has hit a 6 month low and that has propped up many commodity prices and especially crude oil as gasoline and heating oil also have rallied substantially. You will notice this at your local gas station as you are paying much more than you were just three or four weeks ago as the tide has turned in the commodity markets. Rumors are circulating that Saudi Arabia is going to urge OPEC to start cutting production, therefore, pushing up prices even higher as their economy is struggling due to low prices. Continue reading "Weekly Futures Recap With Mike Seery" →

Wow Did The Fed Chicken Out Today!

Posted on by The INO.com Team

The Fed announced we MIGHT get 2 rate hikes in 2016 starting in July. Sure, as long as the S&P 500 is pushing all-time highs on a daily basis!

We came into the announcement with commodity-related positions highlighted in the last video we posted, and also, we put a new options position to work in emerging markets. Let's dive in and I'll show you how we're trading this.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Zero-Hour For The Precious Metals…

Posted on by admin

This morning I actually got excited for a split second when the silver price shot northward to $15.85/oz and I almost fired off a tweet (can't believe I am actually using Twitter) saying that "Silver could easily become the Cartel's Achilles Heel" because as silver was creeping up, gold was sliding down, so these Criminal Cretins just continued to lean on gold down to $1,235/oz from $1,262/oz and the algo-bots did the rest with silver succumbing to the intervention/manipulation and now sits at $15.37/oz, down $0.23 instead of up $0.20.

Daily Chart of GLD
All images/charts courtesy of Michael Ballanger

The blogosphere has been abuzz since the end of PDAC last Wednesday about the impending "Melt-Up" in gold and silver prices, and when I read the litany of rationale behind the impetus for the move, I thought I was reading an old archive from Harry Schultz in 1976. All of the Keynesian diatribe nonsense that gets shoveled in front of us day in and day out is all designed to deflect attention away from this massive global exercise in currency debasement, and thus far, it has been working. Stocks are at five-week highs and the Dow is again above 17,000 with the SP 500 sporting a 20-handle while Mario Draghi talks about the European Central Bank buying every listed stock on the European bourses. The policy "errors" coupled with moral hazard has been transformed into policy "madness" and moral "lunacy" as the bankers around the planet scurry about trying anything and everything to avoid the ultimate day of reckoningsovereign insolvency. So, in order to create an aura of calm and "business as usual," the first order of execution is always "Take care of that goddam gold market!" so sure enough, after a soft-ish close to the Crimex session, the Globex geek squad decided to play tap dance through the Access Market tulips and added another $10 downside between 1:30 and 4:00 p.m. when the GLD closed for the day. Continue reading "Zero-Hour For The Precious Metals…" →

The Materials Stocks Are Doing What?!

Posted on by The INO.com Team

I wouldn't believe it if you told me either, but material and commodity-related names are actually on the brink of out-performing the S&P 500!

Join me as we dive into the charts to show you this critical development and then set up the trade in the options market.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Weekly Futures Recap With Mike Seery

Posted on by admin

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been a 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 April contract settled last Friday in New York at 35.92 while currently trading at 38.90 a barrel up around $3 for the trading week continuing its bullish momentum as prices have now hit a 9 week high. Crude is trading above its 20 day but right at its 100 day moving average as the trend is still relatively mixed in my opinion as the commodity markets in general have all bottomed out as volatility certainly has come back into the currency market pushing the commodity markets like a yo-yo in recent weeks. Continue reading "Weekly Futures Recap With Mike Seery" →