Tag: Guest Bloggers

A Classic Impulse Wave in General Electric

Posted on by The INO.com Team

Explore the rules, guidelines and Fibonacci multiples of impulse waves

By Elliott Wave International

Impulse waves are an integral part of the Wave Principle. Understanding their rules, guidelines and Fibonacci multiples will improve your application and your ability to identify high-confidence trade setups.

There are three rules that govern impulse waves:

  1. wave two may never retrace more than 100% of wave one;
  2. wave three may never be the shortest impulse wave of waves one, three and five. It does not have to be the longest, but it may never be the shortest; and
  3. wave four may never end in the price territory of wave one. Continue reading "A Classic Impulse Wave in General Electric" →

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 (February 11th through February 15th)

We begin the week with the board in a sea of red as Currencies and Commodities continue to deal with last weeks ECB meeting. While the initial  Interest Rate Decision to leave rates unchanged had little effect on any major market, the language used by Mario Draghi after the fact resulted in decent profit taking in the Euro Futures. In short, he noted the three month rally in the Euro and stated that it could prompt him to revise the inflation projection for next month. Continue reading "Gold Chart of The Week" →

John Williams: How to Survive the Illusion of Recovery

Posted on by admin

The Gold Report: The last few years have been very volatile for investors, particularly resource equity investors. The mainstream media, citing government statistics of improved employment rates and housing starts, called an end to the recession and is forecasting a slow recovery in 2013. You are looking at the same indicators, but coming up with different numbers. Let's start with the unemployment rate. What are you seeing and why is it different than what we are hearing everywhere else?

John Williams: I contend that the economy effectively hit bottom in June 2009, followed by a period of somewhat volatile stagnation, and it is beginning to turn down anew. There never was a recovery and no economic data shows the type of recovery that the official gross domestic product (GDP) report is showing. The GDP shows levels of activity now that are above where the economy was before the recession. It's been above that level now for more than a year. No other major economic series has shown a full recovery, shy of perhaps inflation-adjusted retail sales, which is due to a problem with the inflation rate used to adjust the series. Generally, the illusion of recovery has resulted from the government's use of understated inflation.

TGR: Are you predicting a double-dip recession? Continue reading "John Williams: How to Survive the Illusion of Recovery" →

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.

Energy Futures--- The energy futures had a wild trading week with heating oil the big story after breaking out from 3.10 a gallon a couple weeks back hitting a 3 ½ month high and as I had advised buying the 3 ½ month breakout to the upside now up another 400 points today at 3.2425 in the March contract a gallon hitting an 11 month high up around 800 points for the trading week due to the fact of a big storm hitting New England. Crude oil futures were slightly lower this Friday afternoon down around $2 for the trading week with major resistance at $98 and major support at $95 still stuck in a sideways channel after consolidating after hitting 4 month highs and still trading above its 20 and 100 day moving average. Unleaded gasoline which is been the strongest in the energy sector trading far above its 20 and 100 day moving average consolidating for the week basically trading unchanged this Friday afternoon finishing up over 500 points still at 1 year highs on the fact that demand around the world is increasing tremendously pushing prices up as stock markets are also improving around the world increasing optimism. Continue reading "Weekly Futures Recap with Mike Seery" →

Chart to Watch - SPPI

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 Spectrum Pharmaceuticals, Inc. (SPPI).

As always I hope you are having a GREAT week !

This week let's take a look the MarketClub chart of SPPI.

SPPI made a new price low on a bullish MACD divergence, which is the way trading lows often happen. Continue reading "Chart to Watch - SPPI" →