Don't Expect the News to Tell You Where EUR/USD Is Going Next

Posted on by The INO.com Team

By Elliott Wave International

On December 27, EUR/USD shot up as high as $1.3283. Forex news headlines were quick to comment:

"Dec 27 - The euro slightly extended gains against the dollar after strong U.S. new home sales data last month further lifted the market's appetite for riskier currencies."

But after EUR/USD hit that high, it promptly reversed and fell back down to the $1.3200 level, where it had been stuck all week.

You may ask: What happened to that "appetite for riskier currencies"? Continue reading "Don't Expect the News to Tell You Where EUR/USD Is Going Next" →

Chart to Watch - ALXN

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 Alexion Pharmaceuticals, Inc. (ALXN).

I hope you are having a GREAT Holiday week !

This week let's take a look at ALXN which could possibly be putting in a Head and Shoulders top.

ALXN slammed down off the high which put in a red monthly MarketClub Trade Triangle.

Since the low made in November 2012, ALXN has made a weak counter trend rally which has put in a green weekly MarketClub Trade Triangle. Continue reading "Chart to Watch - ALXN" →

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.

Precious Metal Prices--- The precious metals this week were relatively quiet due to the fact that the fiscal cliff announcement comes out in just a couple of days keeping gold below its 20 and 100 day moving average right near a 4 month low trading right around 1, 655 down around $5 dollars for the week as traders are unwilling to stick their neck out before the December 31st fiscal cliff announcement while silver futures are still trading below their 20 and 100 day moving average down around 20 cents for the week as well with major support at 29.70 right near a 4 month low with traders being very cautious going into the holiday weekend. Copper futures were Continue reading "Weekly Futures Recap with Mike Seery" →

Why TIPS Won't Protect You from Inflation... and Other Government Lies

Posted on by The INO.com Team

If the "World Snake Oil Salesperson Society" had a hall of fame, good old Uncle Sam would be a charter member. When it comes to smooth-talking folks into buying debt instruments, he's the slickest around.

And Treasury Inflation-Protected Securities (TIPS) are one of his slickest gimmicks.

Here's how the federal government describes TIPS:

Treasury Inflation-Protected Securities (TIPS) are marketable securities whose principal is adjusted by changes in the Consumer Price Index. With inflation (a rise in the index), the principal increases. With deflation (a drop in the index), the principal decreases. Continue reading "Why TIPS Won't Protect You from Inflation... and Other Government Lies" →

Traders WhiteBoard Lesson 3

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with Traders WhiteBoard Lesson 3.

In today's lesson, I will share with you three important components of the market that are essential to be familiar with. I will also share with you several of my favorite technical tools that helped me become successful in all three types of markets.

For some, this may seem like a very basic lesson, but for me it goes to the very heart of every market. This lesson will help you create the building blocks you need to build a strong and solid trading foundation for your future.

Today's video is a little over five minutes in length. My goal is that you find this lesson helpful, informative, and above all educational.

Watch Traders WhiteBoard Lesson 3 here.

Every success in trading,

Adam Hewison
Co-founder of MarketClub