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.

Energy Futures--- The energy futures had a wild trading week with heating oil the big story after breaking out from 3.10 a gallon a couple weeks back hitting a 3 ½ month high and as I had advised buying the 3 ½ month breakout to the upside now up another 400 points today at 3.2425 in the March contract a gallon hitting an 11 month high up around 800 points for the trading week due to the fact of a big storm hitting New England. Crude oil futures were slightly lower this Friday afternoon down around $2 for the trading week with major resistance at $98 and major support at $95 still stuck in a sideways channel after consolidating after hitting 4 month highs and still trading above its 20 and 100 day moving average. Unleaded gasoline which is been the strongest in the energy sector trading far above its 20 and 100 day moving average consolidating for the week basically trading unchanged this Friday afternoon finishing up over 500 points still at 1 year highs on the fact that demand around the world is increasing tremendously pushing prices up as stock markets are also improving around the world increasing optimism. Continue reading "Weekly Futures Recap with Mike Seery" →

Stocks Continue To Perform Well In Mid-Day Trading

Posted on by The INO.com Team

While buying interest has waned from earlier in the session stocks remain mostly positive in mid-day trading on Friday. The gains on the day have offset the modest losses posted in the previous session, although the Dow continues to face resistance near the 14,000 level.

In recent trading, the Dow has pulled back well off its best levels but remains up 52.85 points or 0.4 percent at 13,996.90. The tech-heavy Nasdaq is up 29.81 points or 0.9 percent at 3,194.94, while the S&P 500 is up 7.82 points or 0.5 percent at 1,517.21.

The strength on Wall Street is partly due to a positive reaction to a Commerce Department report showing a much narrower than expected U.S. trade deficit for the month of December, with the data potentially leading to an upward revision to the disappointing fourth quarter GDP data. Continue reading "Stocks Continue To Perform Well In Mid-Day Trading" →

Chart to Watch - SPPI

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 Spectrum Pharmaceuticals, Inc. (SPPI).

As always I hope you are having a GREAT week !

This week let's take a look the MarketClub chart of SPPI.

SPPI made a new price low on a bullish MACD divergence, which is the way trading lows often happen. Continue reading "Chart to Watch - SPPI" →

Gold Miners vs. the S&P - Surprising Conclusions

Posted on by The INO.com Team

We often hear the claim that gold producers have not met investors' expectations for the past couple years. While there are many potential reasons for this, one explanation for their underperformance lies in the fact that producers diluted their share structures, leaving shareholders with smaller gains than they would have otherwise harvested.

To show how this dilution has impacted the industry, let's first review how gold miners performed last year compared to the S&P 500. Continue reading "Gold Miners vs. the S&P - Surprising Conclusions" →

Stocks flat as earnings fail to inspire investors

Posted on by The INO.com Team

Stocks were flat on Wall Street as the latest round of earnings reports failed to give investors an impetus to push the market's recent rally forward.

The Dow Jones industrial average fell 7 points to 13,973 as of 11:51 a.m. EST Wednesday. The Standard & Poor's 500 dropped one point to 1,511. The Nasdaq composite was flat at 3,171.63.

Time Warner rose $2.20 to $52.16 after the company said its net income grew 51 percent in the last three months of 2012 even as revenue was largely unchanged. Marathon Oil Corp. fell 46 cents to $34.26 after its fourth-quarter net income fell 41 percent on higher exploration costs and taxes. Continue reading "Stocks flat as earnings fail to inspire investors" →