Category: General

Currency Devaluation's Dangerous Role in Deflation

Posted on by The INO.com Team

By Elliott Wave International

The following article on currency devaluation's role in deflation is from Elliott Wave International, the world's largest financial forecasting firm. EWI has just released a new report, Deflation and the Devaluation Derby, to help investors prepare now for the deflationary threat they see around the corner. Click here to read the new report >>

China's economy is slowing. Its stock market began to crash back in July. And the volatility rocking financial markets has been widely linked to the recent yuan devaluations by China's central bank.

"Surprise" has been a common word used by investors and financial pundits to describe the devaluation -- as in, "China's central bank surprise devaluation of yuan."

But what if we told you it wasn't a surprise -- it was in fact an expected event?

Below are three excerpts from analysis that EWI's own Chris Carolan published in his Sun-Tue-Thu Asian-Pacific Short Term Update on July 30 (several days before China's central bank first move to devalue the yuan against the U.S. dollar), then on Aug. 9 and Aug.11 (bold added).

The Asian-Pacific Short Term Update , July 30:

Continue reading "Currency Devaluation's Dangerous Role in Deflation" →

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 in the December contract settled in New York last Friday at 1,183 an ounce while currently trading at 1,161 down over $20 for the trading week despite the fact that China cut their interest rates by 25% and the ECB announced yesterday to add more stimulus in silver which is generally bullish gold prices are just the opposite is happening is the U.S dollar is up 200 points in the last two trading days putting pressure on many commodities. Gold prices are still trading above their 20 and 100 day moving average telling you that the short-term trend is to the upside, however all of the interest is back in the S&P 500 which is up over 60 points in the last two trading days as the technology sector has caught fire once again with Amazon, Google, and Microsoft all up sharply today as money flows are going back into the equities. Continue reading "Weekly Futures Recap With Mike Seery" →

Stock Whisper Of The Day

Posted on by The INO.com Team

The Stock Whisperer, Stefanie Kammerman, shows you how she uses pre-market price action to pick the hottest stocks of the day.

Stefanie Kammerman has taught thousands of traders worldwide how to day trade and swing trade over the past 21 years. She is the founder and director of The Stock Whisperer Trading Company, where she runs an online trading room called The Java Pit.

She offers numerous workshops, live classes and bootcamps on everything from discipline and the psychological aspects of trading, to how to identify the best levels to trade and how to spot when the big money is buying. Learn by watching her trade as she teaches her students how to read the tape and trade around the dark pool.

Enjoy,
The INO.com Team

The 2 Most Important Keys to Successful Trading

Posted on by The INO.com Team

Examples from Whole Foods Market (WFM) and Reynolds American, Inc (RAI) show you what to do (or not) to trade successfully with Elliott.

By Elliott Wave International

After 20 years of experience applying Elliott wave analysis in real markets, our Senior Analyst Jeffrey Kennedy says that it remains the only tool that will tell him -- down to the tick, to the pip, even to the penny – when his forecast is no longer viable.

That, according to Kennedy, are two most important keys to successful trading:

  1. "Know where you are wrong," and
  2. "Don't pick tops and bottoms"

See the logic behind Kennedy's wisdom by reviewing these two timeless lessons from his Trader's Classroom service: Whole Foods Market, Inc. (WFM) and Reynolds American, Inc. (RAI). Then, see how you can get more free lessons during Kennedy's popular Trader Education Week, going on now!

WFM's forecast was right and RAI's was wrong. While price evidence was compelling for both issues, the forecast in WFM was in the direction of the trend and RAI's incorporated top picking. Here's what happened: Continue reading "The 2 Most Important Keys to Successful Trading" →

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 in the December contract settled last Friday in New York at 1,156 an ounce while currently trading at 1,178 up over $20 for the trading week continuing its bullish momentum hitting a 3 ½ month high as I’ve been sitting on the sidelines as the 10 day low stands at 1,130 which is too far away with too much risk at the current time as I will wait for a better chart structure to occur. Gold prices are trading above their 20 and 100 day moving average for the first time in months telling you that this rally could be for real but wait for a better chart structure to tighten up therefore lowering monetary risk which could take another 5 days as a weak U.S dollar has spurred prices to the upside in recent weeks. Continue reading "Weekly Futures Recap With Mike Seery" →