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.

Copper Futures

Copper futures in the December contract settled last Friday in New York at 216.80 a pound while currently trading lower once again at 2.0530 finishing down over 1100 points for the trading week as I’ve been recommending a short position from the 2.31/2.32 level and if you took that trade continue to place your stop loss above the 10 day high which currently stands at 2.2420 as the chart structure will start to improve on a daily basis. Copper prices have absolutely collapsed finishing down 12 of the last 13 trading sessions trading far below its 20 and 100 day moving average hitting a 6 year low as I think prices will crack 2.00 in next week’s trade as there is very little demand for this commodity at the current time so remain short and accept the risk parameter’s. Continue reading "Weekly Futures Recap With Mike Seery" →

The S&P Could Go Higher Or Lower From Here, But Here's The Trade!

Posted on by The INO.com Team

Todd Gordon of TradingAnalysis.com takes a look at the SPY in today's market analysis.

The S&P 500 tracking stock SPY failed against Fibonacci resistance as expected and has bounced back into wave II resistance. We are net long in our portfolios, but seriously considering exiting and taking a low risk short against wave and Fib resistance. In the end, you can't know for sure what the future holds, only choose the most likely path with the lowest risk.

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Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Japanese Bonds: Yield of Dreams?

Posted on by The INO.com Team

By Elliott Wave International

Saber-tooth tiger. Woolly mammoth. Japanese government issued bonds?

Well it's happened. After years of enduring an unrelenting bear market (marked by plunging yields and rising prices) -- the long-battered Japanese government bond has made it on to the endangered financial species list.

Asks one October 26 Reuters: "JGB's on the edge of extinction?"

The prognosis isn't looking good. In late October, the yield on the 10-year JGB plunged below .300% for the first time in six months. While everyone from Japanese retailers to foreign investors continue to abandon the JGB for other higher-yielding assets.

Which begs the question, why is Japan's bond market facing annihilation? Continue reading "Japanese Bonds: Yield of Dreams?" →

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.

Copper Futures

Copper futures in the December contract are trading lower for the 8th consecutive trading session currently trading at 2.17 a pound after settling last Friday in New York at 2.24 as I've been recommending a short position from around the 2.31 level and if you took that trade continue to place your stop loss above the 10 day high which is at 2.36 as the chart structure will start to improve in next week’s trade. Prices are trading far below their 20 and 100 day moving average hitting a 6 year low as there is very little demand for this product as oversupply issues keep hampering prices to the downside as I think 2.00 is in the cards over the next week or two so continue to play this to the downside, however if you have missed this trade you have missed the boat as the risk is too high as the 10 day high is too far away so look at other markets that are beginning to trend. Continue reading "Weekly Futures Recap With Mike Seery" →

Here's How We're Trading The S&P And Materials

Posted on by The INO.com Team

Todd Gordon of TradingAnalysis.com takes a look at the SPY in today's market analysis.

The stock indexes are selling off for two main reasons. First, the reality of higher interests is starting to set in. The market has been drinking heavily from the Fed's liquidity punch bowl. Is the party over and the hangover about to set in? Second, we are failing at a confluence of Fibonacci and Elliott Wave resistance. Here's how we're trading it with options.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon