More Spots Added - Options Webinar and Q&A

Posted on by Trader Travis

10-Minute Options Strategy - Live Webinar and Q&A
Thursday, March 22, 2018 at 3pm EDT

Huge apologizes to everyone who received a "webinar is full" message when they tried to register for the options webinar. There was such a great response that I had to up our registration cap.
Options Webinar

In this webinar, learn how to find, place, and manage profitable options trades in only 10 minutes with a simple strategy that I created.

Reserve Your Spot - although spots have been added, we are on pace to hit max capacity.

Can't make it? Please register for the event, and you'll receive a recording of the webinar.

Thank you,
Trader Travis
MarketClub Options

Facebook Data Woes Pull Down Tech Sector

Posted on by The INO.com Team

Hello traders everywhere. Facebook's decline of over 7% today has put pressure on the entire stock market, especially the tech sector. Facebook fell after reports surfaced that the political analytics firm Cambridge Analytica was able to collect data on 50 million people's profiles without their consent. It begs the question, should the likes of Facebook, Twitter, and Snap be under some form of federal regulation?

This drop by Facebook is the most significant drop in its stock price in 16 months. The fall is more than 10% below its all-time high set on Feb. 1 and it also pushed the price below its 50-day and 200-day moving averages, two key technical levels.

Facebook

Key Events On Tap This Week:

The Fed decision and Powell's news conference come on Wednesday.

The Bank of England is expected to keep interest rates and its asset-purchase program unchanged on Thursday. Attention will be on language and the odds for a May hike.

Saudi Crown Prince Mohammed bin Salman is expected to meet with President Donald Trump at the White House this week as part of a U.S. visit.

Company earnings scheduled for this week include Tencent, FedEx, Porsche, Hermes, PetroChina, Nike, Enel, and Oracle.

Key Levels To Watch This Week:

Continue reading "Facebook Data Woes Pull Down Tech Sector" →

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.

Gold Futures

Gold futures in the April contract settled last Friday in New York at 1,324 an ounce while currently trading at 1,317 down about $7 for the trading week near a two week low. I'm not involved in this commodity, however, I am looking for a possible short position in next week's trade once the chart structure improves. In my opinion gold prices could retest the March 1st low of around 1,303 as we are now trading under their 20-day moving average, but still above their 100-day moving average as this market remains choppy to sideways in the short-term. The U.S dollar looks to have bottomed out and that would be a negative towards the precious metals as silver remains very weak as well as the commodities, in general, have turned negative due to the Trump tariffs which are rattling the markets as we are worried about repercussions coming out of China sending prices lower. Volatility in gold remains relatively low as a double top looks to have been created around the 1,365 level so look to play this to the downside. I think the path of least resistance is to the downside, but wait for the risk/reward to become in your favor; however, I am certainly not recommending a bullish position.
TREND: MIXED
CHART STRUCTURE: IMPROVING
VOLATILITY:INCREASING
Continue reading "Weekly Futures Recap With Mike Seery" →

Platinum Could Restore Its Supremacy Soon

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals - Platinum


Last October I focused on the rare case when the price of palladium, for the first time in many years, could surpass the usually dominant platinum price. Both, common sense and chart analysis of the palladium price suggested that the triumph of this metal could be temporary. In the charts below, we can see if this conclusion turned out to be right.

Chart 1. Platinum/Palladium Ratio Monthly: Half-Half

Platinum
Chart courtesy of tradingview.com

This time I would like to start with the chart of the relative strength of the two metals which is clearly traceable through the platinum/palladium ratio. This ratio is falling sharply from the 2009 high at the 6.09 oz showing the dramatic weakness of platinum compared to palladium. In the chart above, I only show you the period when the drop started to decelerate, and the trend turned flat. Continue reading "Platinum Could Restore Its Supremacy Soon" →

All Eyes On Bitcoin's Death Cross

Posted on by The INO.com Team

Hello traders everywhere. Technical traders and the market in general, are closely watching Bitcoin heading into next week. The reason for concern, a looming Death cross. As I noted earlier in the week, Bitcoin's 50-Day moving average has dropped to the closest proximity to its 200-Day moving average in nine months. The last time it crossed below that level was in 2015 where it remained for ten months before breaking out.

The "death cross" pattern occurs when the 50-Day moving average drops below the 200-Day moving average. The idea is that this cross marks the spot where a shorter-term decline is turning into a longer-term downtrend.

Death Cross

Bitcoin has come under growing pressure recently with Google announcing that they will not only ban all ads for cryptocurrencies, including bitcoin and initial coin offerings (ICOs), they will also ban cryptocurrency exchanges and wallets, as it seeks to "tackle emerging threats."

Regulation is also becoming a growing concern for Bitcoin, and the cryptocurrency space as nations around the world are imposing stricter regulations on the use and mining of cryptocurrencies.

Key Levels To Watch Next Week:

S&P 500 (CME:SP500): 2,647.32
Dow (INDEX:DJI): 24,217.76
NASDAQ (NASDAQ:COMP): 7,084.83
Gold (NYMEX:GC.G18.E): 1,330.50
Crude Oil (NYMEX:CL.J18.E): 60.11
U.S. Dollar (NYBOT:DX.H18.E): 89.33
Bitcoin (CME:BRTI): 11,662.32

Every Success,
Jeremy Lutz
INO.com and MarketClub.com