I Was The Most Hated Guy On CNBC Today

Posted on by The INO.com Team

I pulled some of that Fibonacci voodoo that we do on Apple and if the uptrend support does break around $96, Apple is headed into the lower 80's.

I did a video for CNBC.com and they tore me to shreds in the comments section. The last time I got this kind of reaction was when I said oil is headed towards $26.00 while trading $41 at the time.

From there we take a look at our options positions in the S&P and AMZN.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Look For The Market To Catch Its Breath This Week

Posted on by The INO.com Team

After last week's shellacking, I expect the markets to regroup and get used to a another level of trading. I do not expect to see this market rebound dramatically like it has done in the past. If one looks at the NASDAQ index on a weekly close basis, last week's closing price was the lowest level since January 26th of 2015. That does not auger well for this index in the future.

The key to remember this week is not to get overly excited and to stay disciplined. Give the market some room and time to sort out what it has to sort out and then be prepared to make your move.

Here's how I see the big picture, crude oil continues to be in a bear market and I have targeted the $28-$30 levels on the downside for now. Gold is trying to make a turn to the upside which is a reflection of everyone's nervous state about the economy and about liquidity in general. Continue reading "Look For The Market To Catch Its Breath This Week" →

Metals Illustrated: Past And Future

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


In my first post this year I will show you how metals have been moving the last 5 years and which levels you should watch in 2016 to be ready for actions. More illustrations, fewer words are ahead.

Metals Performance For The Past 5 Years

Metals Performance For The Past 5 Years
Diagram by Aibek Burabayev; data courtesy of tradingview.com

Out of the past 5 years the following two years are outstanding: in 2012 all metals were in green and showed from 6% to 9% positive dynamics, and last year was totally red with double-digit percentage negative dynamics. Continue reading "Metals Illustrated: Past And Future" →

Catching The Big Moves

Posted on by The INO.com Team

Jake Bernstein is one of the most highly respected futures analysts in the world. As the result of his many years spent researching the markets, Jake has developed numerous tools to produce sound, practical trading strategies, including ways to gauge the sentiment of the marketplace and determine what it might do next.

In his trademark no-nonsense style, Jake presents the case for cycles in this fast-moving video. You'll be on the edge of your seat during this eye-opening workshop as Jake demonstrates some of his favorite new trading strategies and shows you how to use them to capture what he calls "no brainer" trades during the next six to twelve months.

WATCH NOW: Catching The Big Moves

Best,
The INOTV Team

GPS vs. Road Map: Which Works Best? (Part 2)

Posted on by The INO.com Team

By: Elliott Wave International

Think of Trading and Investing as a Trip

Here's my advice: View the Elliott Wave Principle as your road map to the market -- and your investment idea as a trip.

You start the trip with a specific plan in mind, but conditions along the way may force you to alter course. As I mentioned earlier, alternate Elliott wave counts are simply side roads that sometimes end up being the best path.

Elliott's highly specific rules keep the number of valid wave-pattern interpretations to a minimum. Usually, you would consider the "preferred count" to be the one that satisfies all three of Elliott's rules and the largest number of guidelines. Your top "alternate" is the one that satisfies the next largest number of guidelines, and so on.

There are only three hard-and-fast rules with the Wave Principle: Continue reading "GPS vs. Road Map: Which Works Best? (Part 2)" →