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 sold off this Friday afternoon with gold in the August contract continuing its choppy trade down $20 an ounce at 1,392 still stuck in a two-week sideways channel and as I’ve stated in previous blogs even after yesterday’s $20 up move I still remain bearish gold & I don’t understand any reason to be owning gold at this point in time and I do think a possible retest of 1,320 is in the cards in the next couple of weeks. Silver futures have been in a tight sideways channel down about $.50 at 22.21 still looking bearish in my opinion as the commodity markets as a whole are turning negative once again. The U.S dollar today was up about 45 points putting pressure on many commodities, however the dollar had 2 straight down days so today was considered profit taking but I still believe the U.S dollar is headed higher against the foreign currencies which will put pressure on the commodity markets in short term. Continue reading "Weekly Futures Recap W/Mike Seery" →

Today's Video Update: What's Ahead For June?

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 31st of May.

What's Ahead For June?
It's May 31st, the last trading day of the month and the week. In today's video, I will look ahead into our crystal ball (just kidding!) and share with you what I see coming up in June. You might be surprised at my conclusions.

Watch Today's Video Update Here

The 52-Week Rule
I learned this rule many years ago from a trader named Bill, when I was trading in the pits of the Chicago Mercantile where I was a member. Over the years, it has proven to have a high degree of success. Just remember, there are no guarantees made or implied that this approach works with every trade. I suggest you watch it, paper trade it, and draw your own conclusions. Here are the three rules you need to trade "The 52-Week New Highs on Friday Rule": Continue reading "Today's Video Update: What's Ahead For June?" →

Chart to Watch - CSCO

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 Cisco Systems, Inc. (CSCO).

I hope you are having a GREAT week !!!

This week I have, what looks to be, a Hot Stock Chart for you !!

CSCO was in a strong up trend, started consolidating, and then made a big gap up, which means supply over took demand in a big way which is bullish.

CSCO was on a daily and weekly green Trade Triangle before the gap up (daily and weekly Trade Triangles not shown on chart) and put in a monthly MarketClub Trade Triangle on the gap up which is more bullish action. Continue reading "Chart to Watch - CSCO" →

Whack-a-Mole (Japanese Nikkei is the Latest Bubble)

Posted on by The INO.com Team

Alan Greenspan gave them the playbook (Credit & Debt Manipulation 101) and now Ben Bernanke and global inflators everywhere have taken the ball and run with it in new, innovative and levered up ways.  Actually it’s a game of Whack-a-Mole and they play it well, these inflating moles.  The minute you think you’re going to drop the hammer on one of their heads, he’s gone and another one pops up elsewhere.

So how can we follow all the data points that hands-on, manipulative policy has introduced and forecast conclusions with accuracy?  The answer is that it is difficult in the short-term, but in the long-term we are all dead anyway, so we might as well use some inflationary bubbles of the past as a road map to what may be ahead.

There are currently several bubbles (and one anti-bubble*) in play over varying time frames.  These bubbles are the direct result of policy actions.  Last weekend we reviewed the bubble in Japan’s Nikkei in relation to its policy-induced crashing of the Yen and then last week wouldn’t you know that the Yen caught a bid and the Nikkei suffered an incredibly bearish day? Continue reading "Whack-a-Mole (Japanese Nikkei is the Latest Bubble)" →

Has the Gold Bull Market Hit a Snag?

Posted on by admin

The Gold Report: What do you think will happen to interest rates and how will that affect gold?

Tobias Tretter: I don't see interest rates increasing at all right now. The Federal Reserve is giving banks money for 0.25%. The European Central Bank (ECB) has interest rates at 0.75%. That isn't an environment with increasing interest rates. The 10-year U.S. Treasuries are at 1.85%, which is up from 1.4%, but even in 2011 we were above 3%. We are still at the lowest possible levels and I can't imagine how countries, even relatively strong ones like Germany or the United States, will thrive in an environment with increasing interest rates. It would prove too challenging and cause too much pain; therefore, interest rates will be low for a long time.

I do not believe that the end of the gold bull market is here. I agree with former Fed Chairman Alan Greenspan that deficit spending is a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious progress, he said. It stands as a protector of property rights. As long as the Fed and the ECB are printing money and as long as things like the recent Cyprus bailout continue to happen, there's absolutely no way for gold to go down for very long. Continue reading "Has the Gold Bull Market Hit a Snag?" →