Category: General

Elliott Waves Point To Market Probabilities

Posted on by The INO.com Team

The "personality" of a third wave shows itself in recent market action

By Elliott Wave International

A classic issue of The Elliott Wave Theorist published this exchange:

Q. Do you believe that the Wave Principle provides for an objective form of analysis? ... There are market watchers who say that applying wave theory is very subjective.

Prechter: I always ask, "compared to what?" There is no group more subjective than conventional analysts who look at the same "fundamental" news event ... and come up with countless opposing conclusions. ... The Wave Principle is an excellent basis for assessing probabilities regarding future market movement. Probabilities are by nature different from certainties. Some people misinterpret this aspect of analysis as subjectivity, but all probabilities may be put in order objectively according to the rules and guidelines of wave formation.

So: While no one can "see" the future, you can use the Wave Principle to assess probabilities.

The Wave Principle's basic pattern includes five waves in the direction of the larger trend, followed by three corrective waves. This illustrates the pattern in a bull market: Continue reading "Elliott Waves Point To Market Probabilities" →

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 1,134 an ounce while currently trading at 1,122 down about $12 this week trading below its 20 and 100 day moving average near a 2 week low as I’m currently sitting on the sidelines as this market remains choppy with poor chart structure. The monthly unemployment report number was released this morning in the United States adding 173,000 new jobs which was below consensus having very little impact on gold prices today as I still see no reason to own gold currently as the risk/reward is not your favor so look at other markets that are starting to trend. Gold prices had a significant rally in the month of August bottoming out around 1,080 then rallying to 1,170 which was impressive in my opinion due to short covering and a flight to quality as the stock market has experienced volatility in recent weeks sending money out of stocks and into gold as a safe haven but things have settled down putting short-term pressure on gold. Continue reading "Weekly Futures Recap With Mike Seery" →

Up Or Down From Here But Still Making Money?

Posted on by The INO.com Team

Let's face it traders, nobody knows where the market is definitely headed next. But using certain market analysis methods we can put the probabilities in our favor to calculate where we should, and probably won't go, next - which is all you need to make money with options.

In this video Todd Gordon of TradingAnalysis.com uses the tools of Fibonacci and Elliott Wave to outline the most likely path for the S&P 500 and sets up one options trade in the SPY to profit from two different outlooks in coming weeks.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

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 at 1,159 while currently trading at 1,133 in a wild and volatile trading week as I’ve been sitting on the sidelines as the chart structure is terrible at the current time as the risk/reward is not your favor so look at other markets. Gold futures are trading above their 20 but still below their 100 day moving average rallying about $90 from their monthly low around 1,080 up to 1,170 in Monday’s trade as the stock market has sent shockwaves throughout the commodities and especially in gold. This market remains extremely choppy as I like trading markets with very tight chart structure as this will take some time to develop so keep an eye on this market but there is no recommendation at this time. Continue reading "Weekly Futures Recap With Mike Seery" →

Selling This Fierce Bear Market Rally With Options

Posted on by The INO.com Team

Yesterday, Todd Gordon of TradingAnalysis.com went on CNBC and told Melissa Lee that the NASDAQ could drop 30%. And today's short squeeze is setting up as a classic bear market rally and we're into the trade. Let Todd take you "inside" the charts and his trading account to show you how he's trading it with options.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon