Tag: gold futures

Is This a Bubble About to Pop or a New Bull Market?

Posted on by admin

By: Michael J. Carr of Street Authroity

The SP 500 has now closed higher seven weeks in a row. We need to consider the possibility that we are at the start of another bull market.

​Stocks Are Bullish, but Not Bubbly

After gaining 0.42% last week, SPDR SP 500 (NYSE: SPY) is now up seven weeks in a row. While that gain may seem small, it is actually more than three times larger than the typical one-week gain in SPY. Since January 2001, the ETF has delivered an average one-week gain of 0.12%. Continue reading "Is This a Bubble About to Pop or a New Bull Market?" →

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (November 25th through November 29th)

New highs were seen in US equities last week as investors continue to bank on the FED maintaining their participation, at least until the end of the year.

Due to the shortened Holiday week in the US, we expect lighter volume across the board in the futures markets. Anyone that has traded Holiday markets over the years knows that low volume trading can either bore a trader to tears, or leave markets vulnerable to volatile, directional movement. Being aware of the potential for either scenario is important this week, and making arrangements for either is smart. Continue reading "Gold Chart of The Week" →

Gold Chart of The Week

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (November 18th through November 22nd)

Welcome to another week that have the US FED in the drivers seat from beginning to end. I would love to take time to forecast a few economic figures released this week in Europe and the United States, but there is little reason to do so.

Last week we heard from Janet Yellen regarding the FED and the economy, and her dovish rhetoric stole the show. Traders and investors began buying equities the day prior to her speech and that continued during and after she made it clear that her stance was one that would be supportive of further easing. Continue reading "Gold Chart of The Week" →

Gold Chart of The Week - Bulls vs. Bears

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

While the markets are packed with data throughout the week, the most important numbers will come on Wednesday when the FOMC releases their Interest Rate Decision. We will also hear from the Bank of Japan later in the week, but that report is scheduled as tentative at this point. Aside from these two Central Bank announcements, we expect the scheduled data that includes unemployment, CPI, PPI, Industrial Production, Home Sales, and Retail Sales data to take a back seat. Continue reading "Gold Chart of The Week - Bulls vs. Bears" →

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.

Cotton Futures-- Cotton futures for the December contract was down sharply this week settling at 83.11 last Friday down over 375 points this week in New York continuing its bearish momentum after breaking down at 82 last week currently trading at 79.30 basically unchanged this Friday afternoon. Prices are still trading below their 20 and 100 day moving average hitting a 9 month low & I’m still recommending a short position placing your stop above the 10 day high which at the time was about a $1200 risk but at today’s current price is around $2,500 remembering cotton is a very large contract. In my opinion it looks that cotton prices will retest the 78 level possibly even heading lower as there is weakening demand & excellent crops around the world pushing up supplies at this time despite the fact that the U.S dollar hit a 1 1/2 year low having very little effect on cotton prices at this time. The USDA will come out with crop estimates next week and it’s been quite some time for fresh news to appear due to the government shutdown and that should guide short-term price direction. TREND: LOWER –CHART STRUCTURE: EXCELLENT Continue reading "Weekly Futures Recap w/Mike Seery" →