Gold Chart of The Week

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (February 25th through March 1st)

It was a gut wrenching week for those who stayed long practically anything outside of the US Dollar or the Soybeans last week. Most commodity prices saw their fair share of selling mid-week after it was rumored that a large commodity fund was taking gains in a few markets to defend another large position that they found themselves on the wrong side of. While the name of the fund or the positions are still unknown, I can only guess the fund was taking gains in long positions in the Crude Oil to defend long positions in the Metals. On Wednesday, the Crude Oil Futures took a bath early in the session and selling pressure even carried over into the Thursdays trade before consolidating on Friday. Other commodities were pressured throughout the week as the US Dollar rallied ahead of the release of last months FOMC Minutes. There was nothing particularly shocking about the report as traders expected to hear that FED officials would still be at odds regarding the duration of Quantitative Easing. On top of this release, the market also had to deal with politicians in Washington, who began their media smearing of one another regarding the upcoming Sequester, which must be decided by March 1st. Continue reading "Gold Chart of The Week"

Poll: 5 days and counting

On March 1st (Friday) Sequestration is set to start and I wonder if our government is doing everything they can to avoid it. What do you think?

Do you think the president and lawmakers are doing enough to avoid the sequester?

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How the Starbucks Effect Could Lead to 200% Gains

It's easy to find companies that have returned billions to shareholders in the past. And it's easy to find companies that dominate their markets right now.

But the future is much less certain.

As a long-term investor, how can you know your investments will continue to dominate the competition for years to come? How can you make sure they won't crumble under the weight of new competition, intense regulation, disruptive new technologies or a host of other potential problems? Continue reading "How the Starbucks Effect Could Lead to 200% Gains"

Weekly Futures Recap W/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.

Grain Futures-- Grain futures were mixed this week in a volatile trade with soybeans higher again for the 5th straight day up 28 cents at 14.83 in early trade only then to sell off tremendously to finish lower by 24 cents for the session closing at 14.31 after hitting a new 5 month high this Friday all due to the fact that the Argentina soybean crop was reduced 5% this week down from 53 MMT all the way to 50 MMT sparking massive short covering and now the large speculators getting long this market to the upside. Last Friday soybeans for the July contract settled at 13.99 having one of its best weekly gains in quite some time while corn futures are still below their 20 & 100 day moving average in the March contract settling at 6.95 last Friday basically unchanged for the trading week in a sideways pattern with major support at the 8 month lows at 6.80 and as I’ve stated in many previous blogs I am bearish the corn and wheat market and the soybean market is extremely choppy with many false breakouts including today. Continue reading "Weekly Futures Recap W/Mike Seery"

Today's Video Newsletter: God Bless Meg … AIG finally makes a profit and ABBONDANZA!

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 22nd of February.

In addition to the markets we normally report on, we will also be looking at the following markets using our Trade Triangle technology.

GOD BLESS MEG ...
Is Meg Whitman going to create a miracle with Hewlett-Packard (HPQ)? Yesterday, HP announced its earnings and while its profits were dramatically lower, it was not as bad as most analysts had expected. But here's the interesting news, technically HP appears to be making a base in which to move higher. The key level we are watching for the rest of the month is $17.50. Should HP stock move over this level, all of our Trade Triangles will turn green. If this happens, and it is a big "if", the major downtrend for HP will have finally reversed its three year decline. We will be looking at HP stock today using our Trade Triangle technology. Continue reading "Today's Video Newsletter: God Bless Meg … AIG finally makes a profit and ABBONDANZA!"