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.

Crude Oil Futures

Crude oil futures in the February contract settled last week in New York at 37.04 a barrel while currently trading at 33.33 down about $4 for the trading week hitting a 12 year low continuing its remarkable bearish trend. Oil prices have been very volatile as in Monday’s trade prices were sharply higher and then finished lower as there were concerns about Saudi Arabia and Iran causing crude oil prices to spike in early trade only to sell off sharply for the rest of the week as there seems to be no end in sight to where the bottom is. The problem with crude oil is China basically came out stating that their economy is definitely slowing down as that’s not only bearish crude oil or any commodities in general as there seems to be a worldwide slowdown occurring as even the stock market which has been incredibly resilient over the last several years is now starting to weaken dramatically. Continue reading "Weekly Futures Recap With Mike Seery" →

It's Not Over Until It's Over And It's Not Over Yet

Posted on by The INO.com Team

This is a week that many investors would like to forget. It's the worst beginning of the year for equities since records have been kept.

Investors, some of whom are shell-shocked, are asking themselves, what should I do? Should I be a buyer here? Should I sell everything or should I just remain on the sidelines?

In today's video, I will be sharing with you some interesting views of the major indices that you may not have heard before. I will also be examining six big stocks that aren't so big anymore and what you should or should not be doing with them. I will be looking at gold which has done very well this week and predicting where I potentially think it can go.

Here's a list of the markets I will be covering today: Continue reading "It's Not Over Until It's Over And It's Not Over Yet" →

Here's The Options Trade For A Major Gold Reversal

Posted on by The INO.com Team

Volatility is exploding in the markets setting up a major short squeeze in gold. We've identified a key Elliott Wave and Fibonacci support zone that's being used as a launch ramp. We put together an interesting option play that will protect us from the downside with a small profit, but yield a major profit on a rip higher.

Let Todd Gordon of TradingAnalysis.com take you through his plan for the gold.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Market Perception, China And Why Gold Is Going Higher

Posted on by The INO.com Team

The carnage continues in China with the market closing after 30 minutes of trading when it reached the 7% trigger point to close the market. That weakness spilled over into the European and US markets this morning, all of which are sharply lower.

One bright spot this morning is the that gold seems to be finding new friends that have pushed it up to its best levels in 2 months.

Why is all of this happening?

It all boils down to market perception. Perception is perhaps the most powerful force in the marketplace and the perception right now, no matter how irrational, is that investors do not want to own stocks. Investors were clamoring to buy Amazon when it was approaching $700 a share, now this morning Amazon is down almost $80 from its recent highs. Did Amazon's business model suddenly change? No, perception changed. Investors do not want to own Amazon right now as they think they can buy it lower.

The other big change, of course, is the fact that the Fed is no longer printing money and using quantitative easing to goose up the market. The fact that easy cheap money is no longer available is a psychological impediment to the market going higher. Continue reading "Market Perception, China And Why Gold Is Going Higher" →

Is Apple About To Break $100?

Posted on by The INO.com Team

Hello MarketClub members everywhere! I've just returned from a short mini break over Christmas and New Year's to see the market crashing down this morning. This should come as no surprise to anyone as I have been talking about the negative chart implications that we were seeing in the major indices last year.

Indices

As far back as November 16th I warned that a weekly Trade Triangle had given a signal to move to the sidelines in the DOW index. That same Trade Triangle signal was followed a short while later in both the S&P 500 and the NASDAQ. The rocky start to the New Year should have come as no surprise to MarketClub members.

Gold

Concern over China along with a weak equity market here in the US was enough to push Gold (FOREX:XAUUSDO) to its best levels in some time and in doing so gave an important Trade Triangle buy signal. The Trade Triangle buy signal occurred on Tuesday, January 5th at $1,081.55. This is the first buy signal in gold in approximately three months and I believe it is one you should pay close attention to. My upside target for gold is the $1,130 to $1,140 area. Continue reading "Is Apple About To Break $100?" →