The Hindenburg Omen Is Flashing: Is It Time To Sell?

Posted on by admin

By: David Goodboy - StreetAuthority

I learned the hard way not to rely purely on technical analysis to make investing decisions.

In the early 1990s, I had built up a decent trading stake by riding the momentum lifting high-tech stocks of the era. Dave, my best friend and the guy who first taught me how to trade, was a die-hard technical analysis proponent who made a small fortune correctly forecasting and buying puts several days prior to the 1987 market crash. He turned his college tuition money into enough capital to trade full time, buy a nice car and not have to worry about working for someone else.

I'll never forget that phone call: Continue reading "The Hindenburg Omen Is Flashing: Is It Time To Sell?" →

Weekly Futures Recap W/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.

Precious Metal Futures-- The precious metals this week traded in a very tight trading range which is very unusual because these are volatile commodities with gold trading in a 3 week range as exchange traded products were reduced for the 17th consecutive week pressuring prices once again, however this Friday prices rallied about $9 at 1,387 ounce in the August contract. Prices for the week were up very slightly but my opinion I still believe prices are headed lower in gold at this point in time especially with a pessimistic commodity market and very weak dollar which has not propelled prices higher and that has been very concerning if you are bullish because once the dollar starts to rally again you could see some heavy pressure in the gold market coming weeks. Silver futures are still trading below their 20 & 100 day moving average with great chart structure settling last Friday at 21.74 an ounce settling right around $22 this Friday afternoon up slightly for the week but still right near 2 ½ year lows and I’m still recommending a short position due to the fact of terrific chart structure allowing you place a stop at 10 day high which is at 21.75 currently risking around $750 per contract if you trading the mini contract. Continue reading "Weekly Futures Recap W/Mike Seery" →

Chart to Watch - IDIX

Posted on by The INO.com Team

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the Idenix Pharmaceuticals Inc. (IDIX).

I hope you are having a GREAT week !!!

This week let's take a look at a low priced stock that might be headed for higher prices.

With stocks we use the monthly MarketClub Trade Triangle for trend and the weekly MarketClub Trade Triangle for timing.

IDIX has made a double bottom base pattern and has taken off to the upside. Continue reading "Chart to Watch - IDIX" →

Today's Video Update: Coming Soon To A Gas Station Near You

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 14th of June.

Coming Soon To A Gas Station Near You
Today we witnessed a massive move to new highs in crude oil, pushing all our Trade Triangles into the green, indicating that higher prices are likely ahead for this commodity. This translates into higher prices at the pump for everyone in America. The question of course will be, is this going to create a problem for the fragile economic recovery? This market has created a large technical formation that we will be discussing in today's video.

Equity Markets Are Choppy
The war between the Bulls and the Bears continues this Friday with no clear trend direction. The longer-term trend continues up, while the intermediate-term trend is indicating weakness. This translates to a neutral market position for us. If you are using our Trade Triangle technology, you can quickly see which markets are headed higher, which ones are neutral, and which are falling. We will be running through all the major indices in today's video. Continue reading "Today's Video Update: Coming Soon To A Gas Station Near You" →

U.S. factory output rise just 0.1 percent in May

Posted on by The INO.com Team

U.S. factories barely increased their output in May after two months of declines, a sign that manufacturing is providing little support for the economy.

The Federal Reserve said Friday that factory production rose just 0.1 percent in May from April. Output fell 0.4 percent in April and 0.3 percent in March.

Factories produced more autos, computers and wood products last month, offsetting declines in the production of primary metals such as steel and furniture.

Manufacturing output has risen just 1.7 percent in the past 12 months. Continue reading "U.S. factory output rise just 0.1 percent in May" →