The next big thing, drumroll please … Obama Insurance

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 8th of November.

The market voted yesterday on the election results with the biggest one day drop for the year. Did yesterday's market action indicate a major change in direction or was it just a blip in a longer term bull market?

Regardless of the eventual outcome for the major markets, every investor needs some "Obama Insurance". Here is how "Obama Insurance" works:

Let's begin by looking at where we closed last Friday in the major markets and where we are trading now. Bear in mind these markets can change direction pretty quickly and we will really want to watch where we close this Friday (11/9). Continue reading "The next big thing, drumroll please … Obama Insurance" →

Fibonacci Tips For E-mini Futures Trading - Part One

Posted on by The INO.com Team

True Fibs for E-mini Futures Trading

Introduced by Burt Schlichter

We addressed the topic of Fibs and Fibonacci in a previous article, “Fibonacci Made Simple.” If you are not familiar with the man or the mathematics, I do encourage casual research as Fibs can be successfully used for confirmation and/or projection when properly applied. A word of caution, Fibonacci Retracements and Extensions should always be used in conjunction with other indicators or methodologies. As a standalone tool, its subjective nature simply leaves too many questions unanswered.

There is no question of the elegance and even precision with which these levels can be viewed after the fact. The most common levels are observed by a great number of traders and on larger time frames. It is easy to see the hive mind at work which begs the philosophical question of “predictive tool or self-fulfilling prophecy?” Either way, as long as we are armed with the caveats previously stated and able to potentially enhance our trading performance through its use, let’s go Fibbing. Continue reading "Fibonacci Tips For E-mini Futures Trading - Part One" →

Making a Killing in Mature Oil Basins: Josh Young

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The Energy Report: Josh, what is a "mature" basin? You're famously bullish on them.

Josh Young: Mature basins have well-known reservoirs and well-defined geologic characteristics. Hundreds or thousands of wells are already producing in such basins. North America has a range of them. My portfolio is almost entirely exposed to these mature basins.

"There is an old adage: 'The best place to find oil is an oil field.'"

Some of my largest positions are in mature basins in Texas, Oklahoma and Kansas. One company is active in the Sedgwick basin with the emerging Mississippi Lime play, a horizontal redevelopment of vertical Mississippian wells, which were originally drilled over the course of decades. And another company is active in the East Texas field, which has produced for almost 100 years and is in the process of being redeveloped. Continue reading "Making a Killing in Mature Oil Basins: Josh Young" →

Dow loses 313 in post-election sell-off

Posted on by The INO.com Team

Wall Street greeted a second Obama term the way it greeted the first.

Investors dumped stocks Wednesday in the sharpest sell-off of the year. With the election only hours behind them, they focused on big problems ahead in Washington and across the Atlantic Ocean.

Frantic selling recalled the days after Obama's first victory, as the financial crisis raged and stocks spiraled downward.

Four years later, American voters returned a divided government to power and left investors fretting about a package of tax increases and government spending cuts that could stall the economic recovery unless Congress acts to stop it by Jan. 1.

In Europe, leaders warned that unemployment could remain high for years, and cut their forecasts for economic growth for this year and 2013. The head of the European Central Bank said not even powerhouse Germany is immune. Continue reading "Dow loses 313 in post-election sell-off" →

Oil falls to lowest level since July

Posted on by The INO.com Team

The price of oil tumbled nearly 5 percent Wednesday, its biggest decline of the year, as traders shifted their focus back to the struggles of the global economy.

Benchmark oil fell $4.27 to finish at $84.44 per barrel in New York. It was the lowest price since July 10.

Hours after President Barack Obama won re-election, concerns about global economic growth re-emerged to dominate the oil market.

European leaders offered more warnings about the region's economy, which has been saddled with a debt crisis for more than three years.

The European Union's executive arm predicted economic growth across the 27-country region would shrink 0.3 percent this year. In the 17 countries that use the euro, growth was expected to contract 0.4 percent. Unemployment is predicted to remain high into 2014. Continue reading "Oil falls to lowest level since July" →