Weekly Futures Recap With Mike Seery

Posted on by 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.

S&P 500 Futures

The S&P 500 in the June contract settled last Friday in Chicago at 2941 while currently trading at 2939 unchanged for the trading week, but ending on a positive note up over 20 points due to the incredibly strong monthly unemployment number which was released this morning. The economic figures that have been released in the last week have been impressive as we had a 3.2% first-quarter GDP and now we added 263,000 jobs with an unemployment rate of 3.8% as I see further growth in the U.S. economy and higher stock prices. I have been talking about the S&P 500 for months, and I still believe we will continue the bullish trend as 3000 is my next level of resistance. If you are long a futures contract, I would continue to place the stop loss under the 2 week low standing at 2899. However, the chart structure will not improve so you will have to accept the monetary risk. The volatility in the S&P remains historically low especially at these elevated prices as I see no reason to be short as the U.S. economy is astonishing at the current time. The S&P 500 is trading far above its 20 and 100-day moving average telling you that the trend is to the upside, but for the bullish momentum to continue, we have to break the May 1st high of 2961 which was also the all-time high which I think will be breached possibly in next weeks trade.
TREND: HIGHER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
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Hasbro Is Going On The Offensive

Posted on by Noah Kiedrowski

Hasbro (HAS) is turning the corner and going on the offensive with a slew of revenue verticals with its Disney toy licensing deal (Marvel, Star Wars and Disney Princess lines), Hasbro Studios (Transformers’ Bumblebee, My Little Pony, Power Rangers), E-Sports (Dungeons and Dragons and Magic: The Gathering) and reinventing its legacy games (Monopoly and Nerf) while driving newer products (Beyblades). Hasbro blew out expectations for its Q1 2019 earnings and the stock jumped 16% breaking out above the $100 threshold, a level that hasn’t been seen in over 6 months. Hasbro is setting the post-Toys-R-Us bankruptcy narrative and laying out a business roadmap for long term profitable growth across its brands. Hasbro has had the tough task of getting out in front of the Toys-R-Us bankruptcy and working its way through the glut of merchandise. This positive sentiment has been further bolstered by positive commentary from its CEO that the company has effectively absolved itself of the Toy-R-Us related bankruptcy headwind. Hasbro has a compelling future across its portfolio with many catalysts on the near and long term time horizons.

Q1 2019 Earnings

Hasbro posted an unexpected profit for Q1 with EPS coming in at $0.32 against expectations of -$0.11, beating estimates by $0.32 per share. Revenue also came in much higher than expected with $732.5 million and beating estimates by 66.5 million (Figure 1).

“The global Hasbro team is executing very well and delivered a good start to the year,” said Brian Goldner, Hasbro’s chairman and chief executive officer. “Our long-term investments in new platforms provided a meaningful contribution from our digital and e-sports initiative, Magic: The Gathering Arena, as well as growth in MAGIC: THE GATHERING tabletop revenues. In addition, MONOPOLY, PLAY-DOH and TRANSFORMERS were among the brands posting revenue gains this quarter. We are beginning to see improvement in our commercial markets, notably in the U.S. and Europe, and operating profit was driven by high margin revenue growth and our cost savings activities. With most of the year ahead of us, we remain on track to deliver profitable growth for the full-year 2019.”
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Market Rebounds After Two Days Of Losses

Posted on by The INO.com Team

Hello traders everywhere. The stock market is making gains Friday, rebounding from two days of losses, as data showed U.S. job creation was stronger than expected in April. The U.S. added a robust 263,000 new hires in April, while the unemployment rate fell to 3.6%, the lowest since December 1969, according to a Labor Department report Friday. The nonfarm payroll growth far outpaced Wall Street expectations of 190,000 and a 3.8% jobless rate, according to Dow Jones estimates.

For the second week in a row, the DOW will end the week relatively unchanged continuing to stuck around the $26,500 level. The S&P 500 and NASDAQ will also finish the week relatively unchanged after posting all-time record high closes earlier in the week.

two days of losses

The U.S. Dollar will lose -.47% on the week after two straight weeks of gains. Even with the loss, the dollar is still above our key level to watch at $96.83. Continue reading "Market Rebounds After Two Days Of Losses" →

How Close Are The Markets From Topping?

Posted on by Chris Vermeulen

Now that most of the US Major Indexes have breached new all-time price highs, which we called over 5+ months ago, and many traders are starting to become concerned about how and where the markets may find resistance or begin to top, we are going to try to paint a very clear picture of the upside potential for the markets and why we believe volatility and price rotation may become a very big concern over the next few months. Our objective is to try to help you stay informed of pending market rotation and to alert you that we may be nearing a period within the US markets where increased volatility is very likely.

Longer term, many years into the future, our predictive modeling systems are suggesting this upside price swing is far from over. Our models suggest that price rotation will become a major factor over the next 12 to 15+ months – headed into the US Presidential election cycle of November 2020. Our models are suggesting that the second half of this year could present an incredible opportunity for skilled investors as price volatility/rotation provide bigger price swings. Additionally, our models suggest that early 2020 will provide even more opportunity for skilled traders who are able to understand the true price structure of the markets. Get ready, thing are about to get really interesting and if you are not following our research or a member of our services, you might want to think about joining soon.

We are focusing this research post on the NQ, ES and YM futures charts (Daily). We will include a longer-term YM chart near the end to highlight longer-term expectations. Let’s start with the NQ Daily chart. Continue reading "How Close Are The Markets From Topping?" →

Waiting For The DOW To Join The Party

Posted on by The INO.com Team

Hello traders everywhere. While the S&P 500 and NASDAQ have hit record highs in recent days the DOW is biding its time. Last week the DOW was within 255 points of hitting a new all-time high above 26,951.81 but failed to have any sort of follow through this week, now sitting roughly 300 points away. Will we get there this week? I'm not sure, but overall earnings season is turning out better than analysts had expected. Of the companies that have reported so far, 75% have beaten earnings estimates, according to FactSet. You would think that would be enough to push all three indexes to record levels.

DOW

The stock market got a boost after ADP and Moody's Analytics said private payrolls increased by 275,000 in April, easily blowing by a Dow Jones estimate of 177,000. The strong gain was led by an increase of 223,000 in payrolls within the services sector. Continue reading "Waiting For The DOW To Join The Party" →