Green Light Ahead For This Automaker

Posted on by Daniel Cross

Daniel Cross - INO.com Contributor - Equities


The global economy is sending mixed signals to investors right now. The data we've seen so far this year hasn't really let us know what direction the economy is headed – oil is still lingering at less than $50 per barrel while the U.S dollar continues to reign supreme relative to foreign currencies.

In the auto industry though, there doesn't seem to be any doubt about its direction.

After coming out of the financial crisis with less than 10 million new auto sales in the U.S., March's latest data puts total annual sales at 17.05 million for 2015 – up from 16.16 million in February and higher than the 16.9 million analysts predicted. The IHS estimates that total sales for the North American market will grow by 2.5% to 20 million units. Continue reading "Green Light Ahead For This Automaker" →

Gold Monthly Update: Hate The Dollar?

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


The Dollar

In my last monthly update, I examined a chart of the US Dollar Index and today, I will do it again to show you how king currency rules this dollar-denominated world swing-to-swing. There is one difference; this time it will be an Elliott Wave analysis and I hope you will enjoy it.

US Dollar Index - 5 Targets / Waves A, B & C
Chart courtesy of Tradingview.com

As seen in the above weekly chart, right after my monthly post, the Dollar Index started its long-term correction, dipping below the Continue reading "Gold Monthly Update: Hate The Dollar?" →

A Trading Tool That Never Goes Out Of Style

Posted on by The INO.com Team

Hello traders and MarketClub members everywhere, today I want to share with you a trading tool that never goes out of style. I learned about the power of this trading tool a long time ago when I was a member of the exchange and trading in the pits of Chicago.

It was there amongst all the hustle and bustle, standing shoulder-to-shoulder with some of the most successful traders in the world that I learned one of the most important tools in trading. I have never forgotten this tool and in fact, I still use this tool every day when I'm researching a potential trade.

As computers get more and more sophisticated and can spit out trading algorithms faster than you can blink an eye, this simple tool continues to stand alone as a universal market truth. Little did I realize that this simple tool would prove to be so valuable.

So let's get started with this same tool that I have been using now for the past 30 years. I will also share with you one of the core secrets that most traders miss when they use this powerful trading tool.

It's a short lesson that visually illustrates when and how you should use this successful trading tool.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

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 down $11 this Thursday afternoon in New York trading at 1,197 an ounce basically unchanged for the trading week as investors are awaiting tomorrow’s monthly appointment number which should send high volatility into this market as prices have rallied about $60 over the last three weeks as profit-taking ensued in today’s trading action. Gold futures are trading above their 20 day but still below their 100 day moving average telling you that the trend is mixed as I’m sitting on the sidelines waiting for better chart structure to develop as tomorrows trade should be very interesting. Estimates are around 244,000 new jobs added so any number higher than that will probably send gold prices sharply lower as that might in turn tell the Federal Reserve that interest rates might have to be raised sooner rather than later. Continue reading "Weekly Futures Recap With Mike Seery" →