Futures Market Trending Higher

Posted on by Mike Seery

Natural Gas Futures

Natural Gas futures in the June contract is currently trading higher by 3 points at 2.94 as prices are right near a two-month high, continuing its bullish momentum in this week's trade.

I have been recommending a bullish position initially in the May contract at the 2.66 level. If you took that trade, the stop-loss has been raised to the 10-day low, which now stands at 2.73 as an exit strategy as to chart structure will also improve daily; therefore, the monetary risk will be reduced.

Fundamentally speaking, gas prices have underlying support from expectations for increased heating demand for nat-gas after Maxar said below-normal temperatures are expected for the central and eastern U.S. from May 4-8. Strength in foreign demand for U.S. nat-gas supplies is bullish for prices. Gas flows to U.S LNG export terminals on Thursday rose +64% y/y to 11.4 bcf. On Apr 18, gas flows to U.S LNG export terminals climbed to a record 11.921 bcf (data from 2014) according to BNEF.

Gas prices are trading above their 20 and 100-day moving average as this trend remains strong to the upside. I believe the 3.08 level, which was hit on Feb 18, will be breached in the coming days ahead as the entire energy sector remains in a longer-term bullish secular trend. In my opinion, there is room to run to the upside, so stay long as the volatility also should start to escalate in the coming weeks ahead.

TREND: HIGHER
CHART STRUCTURE: IMPROVING
VOLATILITY: AVERAGE

Cotton Futures

Cotton futures in the July contract settled last Friday in New York at 88.80 while currently trading at 87.80, down about 100 points for the trading week. However, prices remain in a strong bullish trend to the upside. Continue reading "Futures Market Trending Higher" →

Weekly Stock Market Forecast

Posted on by The INO.com Team

This week we have a stock market forecast for the week of 5/2/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

SPY Daily Chart - Stock Market Forecast

The S&P 500 (analyzed here using SPY) worked to process a new short-term top this week as forecast in last week’s submission.

My short-term forecast hasn’t changed since last week and can be seen in the form of the yellow arrows on the daily chart here. I expect to see a correction to form next week and then another push back up to retest the highs over the next couple of weeks.

The patience we have had to exhibit over the last month or two is paying off as there are a lot of nice opportunities showing themselves in individual stocks this week... Let’s look at a few! Continue reading "Weekly Stock Market Forecast" →

Stocks End Week With A Thud

Posted on by The INO.com Team

Stocks ended the week and the month of April with a thud on Friday as traders took profits amid a flurry of better-than-expected earnings results from the biggest names in the market. The S&P 500 fell -0.7% to 4,181.17, while the DOW shed -.54% or 185.51 points to close at 33,874.85, and the NASDAQ dropped -0.9% to 13,962.68.

On a weekly level, the S&P 500 was able to eke out a gain of +.02% marking 3 out of 4 positive weeks in April. The DOW and NASDAQ didn't fare well, both losing -.50% and -.39%, respectively.

While that may be disappointing, the bigger picture tells a different story. If you look at the monthly charts, The S&P 500 gained +5.24% while the DOW rose about +2.7% this month, and the NASDAQ gained +5.4% in April.

Key Levels To Watch Next Week:

Continue reading "Stocks End Week With A Thud" →

Want To Invest In Real Estate?

Posted on by Chris Vermeulen

As an asset class, real estate should be a part of every balanced investment portfolio. That’s because real estate investments generally have a low correlation to stocks, can offer lower risk, and provide greater diversification.

Today about 65% of Americans own a home, but that means that tens of millions of Americans have no exposure to real estate. Making matters worse, becoming a homeowner today is harder than in previous generations, with 1 in 5 millennials believing they will never be able to afford a home. Is there a way to get exposure to the real estate market for as little as $100?

Residential Real Estate Market Trend

From the chart below, we can see that the residential real estate market continues to climb, and the median price of houses sold in the US is near recent all-time highs of $347,500. Even though mortgage rates remain near all-time lows, the appreciation of prices in certain pockets of the country are making many cities and areas simply unaffordable for most. Things look much the same for industrial, commercial, agricultural, and most other specialized real estate subsectors.

Real Estate

How Can You Invest In Real Estate Through The Stock Market

The stock markets offer three different ways you can invest in real estate, and today we will be looking at three of them: REITs, ETNs, and ETFs. Continue reading "Want To Invest In Real Estate?" →

Get INO.com's Free App

Posted on by The INO.com Team

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