Weekly Futures Recap With Mike Seery

Silver Futures

Silver futures in the September contract settled last Friday in New York at 16.19 an ounce while currently trading at 16.42 up about $0.23 for the trading week continuing it's bullish momentum as prices are right near a 1 year high.

Fundamentally speaking the European Union looks to lower interest rates even more as that is a positive fundamental factor towards the precious metals coupled with the fact that the Federal Reserve is probably going to lower interest rates by 25 basis points next week as this market still looks to crack the 17 level.

I have been recommending a bullish position from around the 14.93 level & if you took that trade continue to place the stop loss which now stands at 15.34 which is the 2 week low, however, the chart structure will improve daily next week therefor the monetary risk will be reduced significantly.

I also have bullish recommendations in platinum and copper as I think the precious metals across the board is headed higher so stay long and continue to place the proper stop loss as I still believe there is significant room to run to the upside.

TREND: HIGHER
CHART STRUCTURE: IMPROVING
VOLATILITY: HIGH

Palladium Futures

Palladium futures in the September contract is currently trading at 1,537 after settling last Friday at 1,508 up nearly $30 for the trading week as I had been recommending a bullish position from around the 1,388 level getting stopped out around the 1,525 level last week, however I'm looking at the possible bullish position soon. Continue reading "Weekly Futures Recap With Mike Seery"

Congratulations Stevenson High!

We just received the results regarding the Stevenson High competitors! We are lucky to have such a passionate teacher provide us with frequent updates on his students' success using MarketClub. Here is an update of the most recent success in their stock market competition...

Well, the results are in. One of our teams finished 7th, and another 14th out of a field of 120 +!! On the other hand, the two other teams finished in the 80's (approx.) and 100 plus. Now, what is exciting is that the two top finishers are freshman and sophomores and they religiously followed MarketClub.

Thanks again for your help. You have a great product and I am looking forward to next years competitions.

Regards,

*Teacher's name removed for privacy*
Adlai E. Stevenson High School
Lincolnshire, Illinois 60069

We wish a heartfelt congratulations to the students at Stevenson High on their trading success!

Best,
MarketClub

Our Sponsor School - Update

If you've been following the Trader's Blog for the last few years, you are probably very familiar with our sponsor school, Stevenson High in Lincolnshire, Illinois. Their Economics Team has been using MarketClub to assist in their research for stock trading competitions. I frequently receive updates from the instructor regarding the students progress, successes and struggles. Please see the message I received yesterday...

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Lindsay,

I wanted to give you an update on our latest competition. Well, we are not doing too badly. One of our teams is in 11th place and another is in 22nd place in the Illinois competition. Both teams follow MarketClub religiously and the results are self explanatory.

Now, the 2 other teams refer to MarketClub on occasion but do not follow the signals. These two teams are in the 50-60 placement range. It sure looks like using MarketClub pays.

Additionally, we have been invited to participate in a national competition which began last Monday. It is too early to give you an update but one will be forthcoming soon.

Thanks again for your help.

Sincerely,

*Teacher's name removed for privacy*
Adlai E. Stevenson High School
Lincolnshire, Illinois 60069

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Hope you enjoy these updates and we send best wishes to the club for their current stock trading competition.

Best,

Lindsay Bittinger
INO.com & MarketClub

Saturday Success Story - David, Tennessee

At MarketClub, our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals—no matter which way the markets move—we promise objective and unbiased recommendations not available from brokers.

Here's great news from a member...

"I'm new to MarketClub. I sold DAL at a -100 signal to preserve a nice profit. I am mostly using the site thus far to learn about fibonacci lines, MACD, trading techniques, etc.
So far I like what I see at MarketClub. ~ David C., Tennessee

To send your own success story, please email blog@ino.com. We wish all of our members the best and we look forward to hearing your success story.