Tag: Guest Bloggers

Moving Averages Can Identify a Trade

Posted on by The INO.com Team

These 3 charts help you understand how moving averages work

By Elliott Wave International

Moving averages are a popular tool for technical traders because they can "smooth" price fluctuations in any chart. EWI Senior Analyst Jeffrey Kennedy gives a clear definition:

"A moving average is simply the average value of data over a specified time period, and it is used to figure out whether the price of a stock or commodity is trending up or down... one way to think of a moving average is that it's an automated trend line."

Moving averages are both easy to create and extraordinarily dynamic. You can choose which time frame to study as well as which data points to use (open, high, low, close or midpoint of a trading range).

Jeffrey Kennedy shares 3 of the most popular moving averages in this excerpt is from his 10-page eBook: How to Trade the Highest Probability Opportunities: Moving Averages. Continue reading "Moving Averages Can Identify a Trade" →

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 (January 28th through Feb 1st)

If anyone is trading any markets outside of Gold, you may be interested in knowing that this week is packed full of important reports in the United States, including a continuation of earnings reports, GDP, Payrolls, ISM, and even an FOMC announcement. There will also be Consumer Confidence Reports in the US and in Europe in this week’s reports, but if this week is anything like the last, the reports will pale in comparison to the importance of the technical analysis seen in the chart below.

After a ten trading day, $70 rally in the Gold Futures, prices failed again to break $1700 four days in a row. That technical failure was just what was needed to drop the market on its head and now we begin the week at trendline support. Continue reading "Gold Chart of The Week" →

Confessions of a Gold Analyst: "It's All My Fault"

Posted on by The INO.com Team

Common sense dictates that when you need information or advice on something you're unfamiliar with, you consult with a professional. That's what people do, whether refinancing a home, choosing an insurance product, or fixing a broken heater. While professionals certainly have their own agendas, they still know more about their products or services than others, and can at least help them make more informed decisions.

Bank and brokerage analysts know their products, too. But when it comes to helping you make an informed decision about where the gold market is headed, they have, as Rick Rule is fond of saying, a record unblemished by success. Continue reading "Confessions of a Gold Analyst: "It's All My Fault"" →

The Fiscal Cliff Was A Wasted Opportunity

Posted on by The INO.com Team

The label "the fiscal cliff" evoked the fear that something terrible was about to happen if the previously legislated spending cuts and tax increases came into effect. From my point of view, our nation's deficits and debt are growing at an alarming rate and need to be cut back. The reason these laws were enacted was to offer markets some hope that we would eventually work toward eliminating our serious deficits. But the prevailing opinion that such drastic decreases in our deficit would slow our economy and bring recession created the impression that this "cliff" must be avoided.

The chart below indicates the size of our federal government's budget deficit. The blue bars reflect what would have happened if there were no legislative changes, and the harsh measures of tax increases and spending cuts occurred. The red bars reflects potential tax increases, the green spending cuts, and the purple is additional interest paid on the expanded debt as a result of bigger deficits. The cliff is seen in the rapid drop of the deficit in the first few years of the blue bars. Continue reading "The Fiscal Cliff Was A Wasted Opportunity" →

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.

Precious Metal Futures--- The precious metals were mixed today with gold in the April contract down for the 3rd consecutive day is now trading below its 20 and 100 day moving average right between the 52-week low and the 52-week high settling last Friday at 1, 693 down $37 for the week as traders are pulling money out of gold and putting it into the stock market which continues to go higher while silver futures are still trading above the 20 day moving average but below their 100 day moving average which stands at 32.67 down sharply for the 2nd consecutive day after trading higher for 8 straight sessions settling around 31.20 down over $.60 for the trading week and I still remain bullish gold and silver and in my opinion I do believe the last couple of days is just profit taking and I still see higher prices to come due to the fact of easy monetary policies remaining for 4 more years. Copper futures are still trading above the 20 and 100 day moving average very little volatility lately currently trading at 3.655 down only slightly for the week but still stuck in a sideways pattern with no trend in sight. Continue reading "Weekly Futures Recap with Mike Seery" →