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Policy, Profits and Propping… that is without a doubt the underlying fundamental support for a massive and growing phase of market speculation that becomes more dangerous with every week that it lurches forward. Once again, the chart that proves this in no uncertain terms:
‘Policy, Profits & Propping‘ courtesy of SlopeCharts
Note the 3 humps on the S&P 500 (orange). Again we review… Continue reading "3P's Supporting Massive Market Speculation"
Senior Analyst Jeffrey Kennedy is the editor of our Elliott Wave Junctures educational service and is one of our most popular instructors. Jeffrey's primary analytical method is the Elliott Wave Principle, but he also uses several other technical tools to supplement his analysis. In today's lesson, Jeffrey shows you how to use candlestick patterns to identify opportunities.
You can apply these methods across any market and any time frame.
If you think you need years of experience to identify a high probability trade setup -- you're wrong. Continue reading "How to Find Trading Opportunities in ANY Market Using Candlesticks (Video)"
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.
Cotton futures in New York this week were basically unchanged still trading below their 20 and 100 day moving average hitting 11 month lows this week settling at 77 as supplies are large and demand is low as rumors of China selling cotton reserves which they hold 50% of the world’s supply depressing prices at this time. I have been recommending a short position from 82 and continue to place your stop loss at the 10 day high if you took my advice as I do believe prices are headed down to the 70 level in the next several weeks as the bearish soft commodity markets continue to the downside. The USDA crop report came out today which was pretty neutral as prices continue to decline on weak demand as many of the commodity markets are starting to turn bearish despite the fact of the printing press continuing for some time but it is not helping cotton or any of the other commodities to the upside at this time.
TREND: LOWER
CHART STRUCTURE: EXCELLENT Continue reading "Weekly Futures Recap With Mike Seery"
Our friend Patrick Stockhausen of Ultimate Trading Mastermind, a leading wealth mind expert and Syndicate Fund Manager, has just spent the last two months interviewing some of the world's leading trading masters, including the author of Market Wizards Jack Schwager and Van Tharp.
In the attached Audio interview clip he asked each of the 12 trading masters the EXACT same question in order to find the common threads across all successful traders.
The question Patrick asked all 12 trading masters is: "What are the 3 biggest mistakes you see traders making and what do they need to do differently?" Continue reading "Are You Making These Trading Mistakes?"
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