February crude oil was higher overnight as it extends the rally off December's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If February extends the rally off December's low, October's high crossing at 94.87 then the 62% retracement level of the September-November decline crossing at 95.29 are the next upside targets. Closes below the 20-day moving average crossing at 91.26 are needed to confirm that a short-term top has been posted. First resistance is October's high crossing at 94.87. Second resistance is the 62% retracement level of the September-November decline crossing at 95.29. First support is the 10-day moving average crossing at 93.19. Second support is the 20-day moving average crossing at 91.26. Continue reading "Morning Energy Market Commentary"
Category: General
How Should You Get Started?
How much gold is enough? How much should you allocate to dividend-paying stocks? How much should you hold in cash? How can you sort through the vast number of opportunities out there?
When it comes to building and managing your retirement portfolio, it's common to feel overwhelmed and just want to throw your hands in the air!
One of the biggest surprises since starting Miller's Money Forever is the kind of questions I've received from our readers. The vast majority are about the process behind selecting investments and building a balanced portfolio, and very few are about this or that stock.
Most readers understand that sitting on cash during times of inflation is a bad thing. At the same time, they are reluctant to invest in an uncertain market. Continue reading "How Should You Get Started?"
Weekly Futures Recap with Mike Seery
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.
Japanese Yen--- How much lower can the Japanese Yen go against the U.S Dollar? I keep talking about the Yen on several different occasions and I remain very bearish while it is trading far below its 20 and 100 day moving average down over 200 points last week and down 133 points this week creating another 2 ½ year low and this Friday afternoon down over 100 points again continuing the best down trend in the commodity markets in the last couple of months. The Yen is down for the 3rd consecutive trading session trading at 1.1213 continuing its steep decline in recent weeks and in my opinion I believe the Yen is headed down to the 105 level in the next couple of weeks due to the fact that the Japanese government is forcing the Yen lower against the U.S dollar trying to spur their exports and improve their economy by lowering the value of their currency hitting a fresh 2 1/2 year low once again today and I am still advising traders to be short the Japanese Yen. Remember when you trade commodities you will be wrong sometimes so you must put a stop loss and not marry your position because never getting out causes exaggerated monetary losses so always risk between 1-2% of your account balance on any given trade trying to minimize risk. TREND: LOWER–CHART STRUCTURE: EXCELLENT Continue reading "Weekly Futures Recap with Mike Seery"
Chart to Watch - STX
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 Seagate Technology Public Limited Company. (STX).
This week let's take a look at STX which looks to have great upside potential.
STX has made a strong move off the low showing that buyers are very interested in this stock right now.
The MACD has crossed the zero line and is trending up which is bullish. Continue reading "Chart to Watch - STX"
S&P 500 Reaches A New Five-Year Closing High
The Standard and Poor's 500 closed at another five-year high Thursday after the stock market got a boost from reports suggesting the outlook for economic growth may be improving.
The S&P 500 rose 11.10 points to 1,472.12, its highest close since December 2007, when the U.S. economy was entering the Great Recession. It also closed at a five-year high on Friday and is now 93 points off its record close of 1,565.15, logged in October 2007.
The Dow Jones industrial average closed up 80.71 points at 13,471.22. The Nasdaq composite rose 15.95 points to 3,121.76.
European Central Bank President Mario Draghi said the struggling euro zone should start growing again later this year, but he warned that the region has yet to reach a turning point in its struggle with recession and handling its government debt load. The comments bolstered expectations that the worst of the region's crisis may be behind it. Continue reading "S&P 500 Reaches A New Five-Year Closing High"
