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 basically traded unchanged for the trading week with very little volatility as this market has gone sideways over the last 7 weeks and is looking to breakout soon in my opinion. If you look at the daily chart we are starting to form a tight wedge and I do think if prices break the critical level of 1,265 the bear market will continue however if prices break out above 1,310 a bottom might be in place and time will only tell so at this point I’m sitting on the sidelines as there is no trend in this market, however this is starting to become an interesting chart, so keep a close eye on those 2 price levels as the longer we consolidate the more powerful the breakout becomes. Gold futures are trading just an eyelash below their 20 and 100 day moving average as volatility is extremely low at the current time so if you’re bullish this market I would look at bull call option spreads because the premiums are relatively cheap and if you’re bearish this market I would look at bear put spreads limiting your risk to what the premium costs as gold certainly will become extremely volatile once again it’s just a matter of time.
TREND: SIDEWAYS
CHART STRUCTURE: EXCELLENT

Continue reading "Weekly Futures Recap With Mike Seery" →

Flying High With Apollo And Affiliates

Posted on by The INO.com Team

By: Tim Melvin

The top executives of Apollo Global Management (NYSE:APO) in the most recent earnings call outlined some areas where they see opportunity in the years ahead.

Benzinga covered this last week in an article revealing the company's thoughts on credit, energy and real estate services.

The management team at Apollo can trace their history in the markets all the way back to Michael Milken and Drexel Burnham Lambert, at one time a wildly successful private equity and alternative investment firm.

Apollo Global founder, Leon Black, was the head of Drexel's mergers and acquisitions department and formed Apollo Global following the collapse of Drexel in 1990. Their advice is worth listening to and best of all, Apollo has some publicly traded entities that allow investors to take advantage of their insights and ideas. Continue reading "Flying High With Apollo And Affiliates" →

3 Trending Tech Stocks To Watch

Posted on by The INO.com Team

It is no secret that many tech/Internet stocks have been beaten up over the last several months and that action has pushed the NASDAQ index into a bear market phase. However, not all tech companies are in downtrends. I have three tech stocks that are in decidedly bullish trends and I will be discussing them today.

The first stock I will be looking at is Apple (NASDAQ:AAPL). It would seem that Apple had lost its way since Steve Jobs' passing, but yesterday’s closing over $600 puts a little bit more mojo into the stock of Apple. Now remember, this stock is going to split and there's all kinds of things going on with it. The important element for me is the general trend, which according to the Trade Triangles is positive.

The next stock I will be looking at is Cisco Systems (NASDAQ:CSCO). While not as sexy as Apple, this stock appears to have good upward momentum and looks to be moving higher from current levels. Continue reading "3 Trending Tech Stocks To Watch" →

Ink + Paper Doesn't Equal Value: Prechter on Fiat Money

Posted on by The INO.com Team

By: Elliott Wave International

My dad will turn 84 this year. When he was born, you could walk into a Federal Reserve Bank or the Treasury and redeem your paper money for gold. It actually said you could on every piece of U.S. paper currency:

"Redeemable in gold on demand at the United States Treasury, or in Gold or lawful money at any Federal Reserve Bank."

You can't do that today, which helps explain why my dad is so grumpy.

But, seriously, I mention my father to make it personal. The move away from the gold standard did happen in the lifetime of some folks who are still around. Is that such a big deal?

Well, it is a big deal when the government unilaterally changes all economic and financial transactions, from having a basis in something, to ... Continue reading "Ink + Paper Doesn't Equal Value: Prechter on Fiat Money" →

The Summer Doldrums: Are They Here Already?

Posted on by The INO.com Team

It would appear that the summer doldrums have arrived early this year as we are seeing choppy, directionless markets with no clear-cut trends at the moment. Certainly, the equity markets are taking their time to continue their uptrends, like the Dow and the S&P 500. Only the NASDAQ is in a clear downtrend according to the Trade Triangle technology.

This morning there is a new weekly Trade Triangle in Crude Oil (NYMEX:CL.N14.E), which indicates that the trend is now on the upside in this commodity. This new buy signal comes at a time when summer driving in the states will be at an all-time high for the year. The high price of crude, which is well over $100 a barrel now, could be a thorn in the side of the economy. I will be monitoring this situation very closely as oil prices affect many areas of the economy.

Gold (FOREX:XAUUSDO) continues moving sideways, but is forming an interesting technical chart picture. I will be discussing the potential technical pattern I see in today's video. Gold has resistance around $1,315.52 and support appears to be coming in at $1,280.00. Again, this is a market I am monitoring very carefully as Q2 has been a very good quarter for trading gold using MarketClub's Trade Triangles in the past.

In regard to the US Dollar vs the Euro Continue reading "The Summer Doldrums: Are They Here Already?" →