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 June contract are trading below their 20 day but barely over their 100 day moving average continuing its sideways pattern settling last Friday in New York at $1,204 an ounce while currently trading at the identical price unchanged for the trading week as the chart structure is starting to improve on a daily basis as prices have gone nowhere in recent weeks. The U.S dollar was down over 200 points for the trading week helping support the precious metals but the real breakout does not occur until prices break above $1,225 or on the downside around $1,180 as I do think a breakout is in the cards. The S&P 500 is down 25 points this Friday afternoon which generally sends money back into the precious metals, however in the old days gold would have reacted much more bullish than today’s trading action which has to be concerning if you are bullish as this market remains weak with no trend in sight so avoid as I want to look at other markets that are beginning to trend as choppy markets are extremely difficult to trade successfully. Continue reading "Weekly Futures Recap With Mike Seery" →

What’s the Best ETF for Playing an Oil Price Rebound?

Posted on by Adam Feik

Adam Feik - INO.com Contributor - Energies


A lot of investors seem very interested in bottom-fishing in the oil and energy realm these days. Perhaps that fact by itself ought to give everyone a little pause. It certainly does me!

The attraction, of course, is that oil's big crash from its June 2014 peak has made for a lot of "lower prices." Obviously, we all like to "buy low," when possible. Plus, almost everyone agrees oil isn't going away anytime soon. I don't dispute any of that.

On the contrary, as I've cited before (see my January 22nd blog, for example), the oil industry must find a bunch of new oil each year – about 5% of its current productive reserves – just to keep up with demand. About 4% of the 5% increase is required merely to replace depletion. The other 1% is to meet demand growth. Another way of stating the same thing is that by 2020, the industry will need to find about 30 million bbl/day of new oil supplies (compared to today's production of about 93 million barrels per day).

Furthermore, to reiterate a few more key points from that Jan. 21st blog, emerging countries are poised to continue increasing their demand for oil and energy as they expand the world's "2nd great industrial revolution." This is not a small deal or a short-term flash in the pan, as emerging countries are home to about 6 billion of the world's 7 billion people. In addition, the world's population is set to increase by 2 billion by 2040, and much of the increase will occur in emerging countries. Continue reading "What’s the Best ETF for Playing an Oil Price Rebound?" →

Fill In The Caption - Mario Draghi & Angela Merkel

Posted on by The INO.com Team

What do you think would be the "perfect caption" for this photograph of Mario Draghi and Angela Merkel?

Here's my caption:
"But Mario, why won't you dance with me!!"

Leave a comment with your caption. Enter as many captions as you wish and have fun!

For a good chuckle, be sure to read some of the captions from previous Fill In The Caption pictures.

Don't Underestimate This Oil and Gas Driller

Posted on by Daniel Cross

Daniel Cross - INO.com Contributor - Equities


Oil's free-fall hasn't been kind to offshore or onshore drillers. A quick look at the Energy Select Sector SPDR (XLE) is evidence of weakness in the industry.


Chart courtesy of StockCharts.com

Since the summer of last year, oil has fallen from over $100 per barrel down to to less than $45 per barrel. For the past few weeks though, oil has been on an uptrend. It now stands at around $56 per barrel and investors are clamoring to get back into the very stocks that were sold off over the past several months. Continue reading "Don't Underestimate This Oil and Gas Driller" →

Netflix - Trust The Force

Posted on by The INO.com Team

Hello traders and MarketClub members everywhere! Today, gold (FOREX:XAUUSDO) gave a buy signal at $1207.59, basis the spot market. You could now be long the gold market if you are a short-term trader.

Many of you may remember that Q1 was a difficult quarter for the Internet portfolio, due mainly to a loss in Netflix Inc. (NASDAQ:NFLX). Well, I'm happy to report that the Trade Triangle approach has come through once again and made back all of the previous quarter's losses in Netflix.

For those of you old enough to remember the iconic "Star Wars" series, where the old Jedi Master, Obi-Wan Kenobi, calmly instructs Luke to "trust the force." Only in our case, we trust the Trade Triangle technology. Eventually, they get it right and they will reward you. Netflix is a great example of that today. Continue reading "Netflix - Trust The Force" →