Category: General

Weekly Futures Recap W/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.

Precious Metal Futures-- Precious metals in New York this week had a wild ride to the downside with gold finishing up $1 an ounce this Friday afternoon at 1,393 and was up nearly $30 in early trade just to selloff near session lows and during the week sold off about $105 dollars since last Friday settling at 1,501 and traded as low as 1,335 hitting a new 2 year low and as I’ve been advising in previous blogs I remain very bearish the precious metals sector, however I do believe that the easy money has been made and you could chop around here for next couple of weeks due to the fact of such a dramatic selloff which was the worst selloff since 1983 as investors see no reason to own gold at this point in time despite the fact of easy monetary policies throughout the world. Continue reading "Weekly Futures Recap W/Mike Seery" →

Chart to Watch - QCOM

Posted on by The INO.com Team

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of QUALCOMM Incorporated (NASDAQ_QCOM).

I hope you are having a GREAT week !!!

This week let's take a look at QCOM.

QCOM looks to have made a Head and Shoulders top and is breaking out to the downside, which is bearish, and puts the odds with lower prices. Continue reading "Chart to Watch - QCOM" →

5 Steps to Trading Success

Posted on by The INO.com Team

Step #1 Game Plan

One of the biggest mistakes we see with traders and investors is this: They have no game-plan.

This is one of the most important elements in trading and you should not be trading without one. When you have a game plan, it allows you to get in and out of the market in a non-emotional way. So often we see traders jump into markets based on emotion, investment show ideas, or rumors. This is the worst possible way to trade and the quickest way to lose money.

There’s nothing more important to have than Continue reading "5 Steps to Trading Success" →

U.S. unemployment aid applications rise

Posted on by The INO.com Team

The number of Americans seeking unemployment benefits increased just 4,000 last week to a seasonally adjusted 352,000. The slight gain kept applications at a level consistent with solid hiring and suggests March's sluggish hiring may be temporary.

The Labor Department report released Thursday also noted that the four-week average, a less volatile measure, rose to 361,250.

Applications are a proxy for layoffs. They jumped three weeks ago to a four-month high, but then plummeted the following week. The sharp fluctuations reflected volatility around the Easter holiday, department officials said. Overall, applications have declined slightly since January.

Job growth slowed sharply in March. Employers added only 88,000 jobs last month, much lower than the average monthly gain of 220,000 from November through February. Continue reading "U.S. unemployment aid applications rise" →

Gold Is Plunging -- Which Commodities Are Joining It?

Posted on by admin

By: Street Authority

Although the U.S. stock market has generated a healthy glow this year, the commodity complex appears to be entering into a growling bear market. Just consider these stats:

  • After a sharp drop on April 15, gold has plunged nearly 20% since the year began and nearly 30% since hitting an all-time high of around $1,900 per ounce in the autumn of 2011.
  • West Texas crude oil has slipped from $97 per barrel to $87 in just the past two weeks.
  • Copper has slid roughly 12% this year and is off roughly 27% since the summer of 2011 peak.
  • If aluminum breaches the 80 cents per pound mark (it's currently at 82 cents), it will see its lowest levels since the summer of 2009.

Unless these commodities quickly stabilize, they will all start to break key resistance levels and head even lower. Yet it's unwise to lump all commodities together, and the factors affecting one of them is quite distinct from all others. Continue reading "Gold Is Plunging -- Which Commodities Are Joining It?" →