Copper Update: This Is How I Would Trade This Sell Setup

Posted on by Aibek Burabayev

Two weeks ago I put the spotlight on copper as I found there was a nice trading opportunity in the making. The trigger for the short trade was set at the $2.75 (below minor low) to avoid emotional trading or simple guessing, and it paid well as the price dipped from the $2.84 area and stopped 2/10 of the cent above the preset trigger. Then the price reversed much higher as I expected as it should retest the former top of $2.87 before it finally goes down.

We call it a trade setup. Before that, we had an idea, which was based on some kind of analysis. So, converting good ideas into profitable trades makes us better traders. Add patience, discipline and some sort of trading strategy to get consistent profits. Otherwise, a good idea could remain to be just a good idea without pleasant outcomes for us.

Let me show you in this post how I would trade this copper idea on the short side step by step.

Step 1. Chart Analysis: Copper Futures Daily,

Copper
Chart courtesy of tradingview.com
Continue reading "Copper Update: This Is How I Would Trade This Sell Setup" →

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.

S&P 500 Futures

The S&P 500 is trading at 2789 after settling last Friday in Chicago at 2777 up another 12 points hovering near a 12-week high as the bullish momentum is continuing to get stronger. I do not have any recommendations in the equity markets, but I do believe higher prices are ahead as you have to remember the Federal Reserve now looks like they will not raise interest rates and that's another fundamental bullish factor towards stock prices. The next major level of resistance is around 2820 / 2825 and if that is broken, I would think prices will hit all-time highs once again as I remain bullish the equity market as I see no reason to be short. The S&P 500 is trading above its 20 and 100-day moving average as clearly the trend is to the upside as the U.S. economy is doing exceptionally well as I shake my head and wonder what the heck happened in December when stock and oil prices plummeted only the rebound sharply in 2019. If you take a look at the S&P 500 as a whole it's only trading at about 16 times earnings which historically speaking is not that expensive as this is not a bubble in my opinion while still having room to run to the upside.
TREND: HIGHER
CHART STRUCTURE: SOLID
VOLATILITY: AVERAGE
Continue reading "Weekly Futures Recap With Mike Seery" →

Hasbro: "We're Past the Toys "R" Us Debacle"

Posted on by Noah Kiedrowski

The Toys “R” Us bankruptcy has proven to be an albatross around Hasbro’s neck despite the confident, forward-looking narrative that’s been put forth for the previous two quarters by its CEO. The recent fourth-quarter earnings were disappointing, to say the least, capping off its historically best quarter. Revenue declined on an annual and quarterly basis by 12% and 13%, respectively. Despite these Toys “R” Us headwinds, Hasbro remains confident as the company annualizes the inventory glut caused by the liquidation. Hasbro (HAS) has a compelling future across its portfolio with many catalysts on the near and long term time horizon. This confident future was reinforced with an 8% increase in its quarterly dividend payout despite its revenue declines.

Hasbro is setting the post-Toys “R” Us bankruptcy narrative and laying out a business roadmap for long term profitable growth across its brands. This sentiment has been further bolstered by positive commentary from its CEO that the company will absolve itself of this Toy “R” Us related bankruptcy headwind come 2019. There's many current and future growth catalysts for Hasbro in movie franchises such as Marvel, Star Wars and other Disney (DIS) properties (Hasbro is the exclusive toy maker), potential e-sports with Dungeons and Dragons and Magic: The Gathering, newly acquired Power Rangers franchise which will emulate Hasbro’s My Little Pony and Transformers’ Bumblebee within Hasbro Studios and its legacy games such as Monopoly and Nerf.

Jim Cramer’s Mad Money 2018 Interviews

Hasbro’s CEO Brian Goldner has had a string of interviews with Jim Cramer on Mad Money. Over the past year, Goldner has had the tough task of getting out in front of the Toys “R” Us bankruptcy and glut of merchandise. Continue reading "Hasbro: "We're Past the Toys "R" Us Debacle"" →

DOW Cracks 26,000 For First Time Since November

Posted on by The INO.com Team

Hello traders everywhere. The DOW cracks 26,000 for the first time since November as the U.S. and China wrapped up another round of trade talks which has left investors increasingly more hopeful a deal will be struck soon. The move higher by the DOW, S&P 500 and NASDAQ have put new green monthly Trade Triangles within reach for all three major indexes next week. As it stands right now the DOW needs to trade above 26,277.82, the S&P 500 above 2,815.15 and the NASDAQ needs to top 7,566.93 for the new green monthly Trade Triangles to trigger.

The DOW and NASDAQ are both going to post weekly gains north of +.50% marking the ninth straight week of gains, meanwhile, the S&P 500 is sitting just shy of a +.6% gain at +.55% and will post its fourth straight week of gains.

DOW Cracks 26,000

The U.S. Dollar slipped into negative territory losing -.47% making this the first weekly loss in three weeks. The move lower can be directly related to the U.S. - China trade talks as President Trump is set to meet with Chinese Vice Premier Liu He later on Friday. The meeting comes after a U.S. delegation met with Chinese President Xi Jinping last week. Continue reading "DOW Cracks 26,000 For First Time Since November" →

How I Learned To Stop Worrying And Love The Deficit

Posted on by George Yacik

John Maynard Keynes is generally given credit for the economic axiom, “We owe it to ourselves.” That idea has caught fire with the left in our country, who are now trumpeting a world where government deficits and debt – at least at the federal level – simply don’t matter, because, well, see Lord Keynes.

This idea even seems to have gotten sympathy – or at least, seems to be taken more seriously than you would have thought – by formerly level-headed financial publications such as the Wall Street Journal and Bloomberg BusinessWeek. Both of them have published lengthy stories recently which have come to the same conclusion, namely that, yeah, this could actually work.

Last week, the Journal’s story was headlined “Worry About Debt? Not So Fast, Some Economists Say,” supported by the subhead, “U.S. deficits may not matter so much after all—and it might not hurt to expand them for the right reasons.” A couple of weeks before that Businessweek’s cover story featured the grande dame of the so-called progressive wing of the Democrat Party, Congresswoman Alexandria Ocasio-Cortez. Continue reading "How I Learned To Stop Worrying And Love The Deficit" →