Based on the Trade Triangle technology Gold (FOREX:XAUUSDO) entered a long position today with a green daily Trade Triangle @ $1,207.59.
Buyers or Sellers
If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple and straight-to-the-point.
If you like this article, Larry’s also agreed to give you free access to his award winning book.
A question I often receive is, "How can there be more buyers or sellers at one price? Isn't there a buyer for every seller and a seller for every buyer?"
The answer is yes, but people are forgetting one important thing. There is a bid and an ask (or offer), and only one of them can be traded at a time.
A bid is an expression of willingness to buy at a price; an ask (or offer) is an expression to sell.
If the ES is trading at 1200.50, the bid is either 1200.25 or 1200.50. The answer depends on which way the market has just traded. Let's make it easy and simply say the ES is between 1200.25 & 1200.50, making the bid 1200.25. In order for the market to move from 1200.25 to 1200.50, someone must pay up to get filled.
You may not be in a hurry and attempt to wait to buy 1200.25, but that will usually only happen when the bid/ask drops to 1200.00 & 1200.25 and you are actually filled on the ask. Continue reading "Buyers or Sellers"
Dude, Where's My IRA?
The experts still tell us we should allocate our retirement portfolio to 60% stocks, 40% bonds, give or take, depending on your age.
But how does a sensible investor do that in this era of zero percent interest rates? Do bonds really have a place in your portfolio anymore? It's a reasonable question to ask.
If you put 40% of your money in safe (i.e. U.S. Treasury) bonds that are unlikely to default, it's essentially dead money, unless you're okay with earning less than 2% a year over the next 10 years.
If you want to earn more than that, you'll have to go way out on the risk curve. And if you're going to do that, you're probably better off putting your money in blue-chip equities or ETFs that pay high dividends. They're arguably safer than junk bonds, and the dividends will cushion your portfolio if stock prices go down.
But then there goes your diversification. You'll have 100% of your portfolio in equities. What happens when the stock market finally corrects? Will your bond portfolio save you? Continue reading "Dude, Where's My IRA?"
Here's A Stock That Technically Taxes The Mind And Looks Great
I found this stock using the Smart Scan technology and wanted to share it with you today. The stock is Apache Corp. (NYSE:APA).
I'm looking at this market on a technical basis as all of Trade Triangles are now positive and showing an upward trend.
As you can see on the chart, I have labeled numbers 1 through 7 so you can better understand exactly what you're looking at.
Continue reading "Here's A Stock That Technically Taxes The Mind And Looks Great"
5K For The Bay - INO Cares April 2015
In 2015, most INO.com employees have made it a mission to get in shape. Lunch breaks consist of outdoors runs, elliptical workouts and ab routines. It also happens that INO.com's corporate office is located right on the water with one of the best views of the Chesapeake Bay that there is.
Melissa, our Customer Support Manager, is an avid exerciser and makes sure she gets in her daily activity. Melissa thought that for her INO Care's pick, she would select an event which would help protect the Chesapeake Bay while also allowing our employees to get moving!
We were proud to participate in the 5K For The Bay on April 11th as part of our April 2015 INO Cares campaign! A handful of INO.com employees and their families put on their sneakers and set out early in the morning for a walk/run. Some ran for time, while others took a leisurely stroll! It was a fantastic day!
This event benefits the Chesapeake Bay Trust which is a non-profit grant-making organization dedicated to restoring and protecting the Chesapeake Bay through environmental education and restoration projects. We were also thrilled to present the Trust with a donation so that they may continue their work protecting the Bay that we love and enjoy so much every day!
If you have a suggestion for a non-profit, please email
su*****@in*.com
and tell us why it's an important cause to you. We would love for our visitors to select beneficiaries/events for our upcoming INOCares campaigns!
Here's to a better world.
Best,
Lindsay Bittinger
INO.com, Inc.
