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 April contract are up $13 this afternoon in New York currently trading at $1,233 an ounce after settling last Friday around $1,235 basically unchanged for the trading week still right near 4 week lows is I’m recommending investors to sit on the sidelines in this market as the trend is currently mixed. Gold futures are trading below their 20 but just barely above their 100 day moving average as the S&P 500 had a terrific week as the Dow Jones cracked 18,000 to the upside as that’s where the interest lies currently as the next major level of support is between $1,180 – $1,220 but sit on the sidelines as the chart structure is absolutely terrible at the current time. If you have followed any of my previous blogs I constantly stress the fact to avoid markets that are choppy as I think the success rate is very low unless you are some type of day trader but I hold positions overnight so look for another market that is beginning to trend and keep an eye on gold as I don’t think we will be trading this market for quite some time. The U.S dollar is still right near 11 year high and that’s always pessimistic commodities in general especially the precious metals but at the current time I just don’t have an opinion on this market as I think we will chop around in the short term.
TREND: MIXED
CHART STRUCTURE: POOR

Silver Futures

Silver futures in the March contract are up $.55 this afternoon still trading below their 20 but above their 100 day moving average telling you this trend is mixed as I’m also advising traders to sit on the sidelines in this market as we were stopped out at the 2 week low around 16.71 last Friday as this market remains extremely volatile but prices continue to move sideways. Continue reading "Weekly Futures Recap With Mike Seery" →

Blame it on the weather

Posted on by George Yacik

George Yacik - INO.com Contributor - Fed & Interest Rates

I expect to hear shortly the refrain among financial analysts and talking heads to explain the recent spate of relatively weak U.S. economic news: It’s the weather!

Last year about this time, you remember, we were told that the unexpected 2.9% annualized drop in first quarter 2014 GDP was an aberration and all due to the harsh winter weather. And the economy did indeed rebound sharply after that, with full year 2014 GDP growth coming in at 2.5%. Hardly spectacular growth, but a lot better than the horrible first quarter would have indicated and certainly a lot better than other places outside China and India.

So maybe there was something to that weather thing, although I think it took way too much of the blame. Continue reading "Blame it on the weather" →

Avoid Dodos and Find Gold and Silver Miners that Can Soar

Posted on by admin

The Gold Report: A recent Raymond James research report refers to silver as the "devil's metal" What is the story there?

Chris Thompson: Silver is much more volatile than gold. Typically when we see a weak day for the gold price, silver has a terrible day. Likewise, if we see a strong day for gold, typically silver delivers exceptional performance. Because it's so volatile, we term it the devil's metal.

TGR: If the selloff in precious metal equities is over and this is the bottom, how long do you expect the flat-lining to persist?

CT: At Raymond James, in the near term we see gold trading rangebound between $1,200 per ounce ($1,200/oz) and $1,300/oz and silver trading rangebound between $16.50/oz and $18.50/oz. We are not seeing fundamentals that would prompt a price outside of those respective ranges. We expect current price strength to continue to the end of Q1/15, followed by some weakness into the summer and then more strength toward the end of the year.

TGR: In a recent research report you warned investors about 2015 possibly being the "Year of the Dodo" for certain precious metal producers. Please explain. Continue reading "Avoid Dodos and Find Gold and Silver Miners that Can Soar" →

Tesla Disappoints And How The Trade Triangles Saved The Day

Posted on by The INO.com Team

Yesterday we discussed how the Trade Triangles can help you take advantage of earnings. We had a lively discussion on the blog, with many members asking and explaining how the Trade Triangle technology works during the earnings season.

This morning I randomly picked out four well-known stocks that reported yesterday, they are: Continue reading "Tesla Disappoints And How The Trade Triangles Saved The Day" →

How To Successfully Play The Earnings Game - And Win 95% Of The Time

Posted on by The INO.com Team

Today I'm going to tackle something completely different and see if MarketClub's Trade Triangle technology can help you anticipate good or bad earnings before they are announced.

I randomly selected 20 stocks that have recently reported earnings and took a look to see how the Trade Triangles were positioned in each of those stocks before each company announced their earnings. Again, I only used the market-proven Trade Triangle technology to see whether you should be long or short a stock, or just be on the sidelines.

The results even surprised me, out of the 20 stocks that I picked, you would have been in positions in 12 of them. 11 were outright winners and there was one loser. You would have taken a position in the market on the close before the company reported its earnings. You would then exit the position on the close of business the next day.

So how did the Trade Triangles do with the other eight stocks?

The remaining eight stocks were on the sidelines. Being on the sidelines helped avoid five losing trades, meaning the market did not live up to its earnings. However on the other side of the coin, you missed out on three gains by being on the sidelines. When you analyze the missed gains and the avoided losses, you still come out ahead by having a position on the sidelines.

Here is a list of all the stocks and the dates. You can simply look at the chart and check the results for yourself. Continue reading "How To Successfully Play The Earnings Game - And Win 95% Of The Time" →