Tag: Guest Bloggers

Beyond the "Spotlight"

Posted on by The INO.com Team

The GBE Trade Spotlight advisory service applies the GBE trading methodology (buying or selling commodity contracts based on breakouts of chart formations and technical indicators) to identify one to two trade setups per week.

Highlighting This Week’s Potential Breakouts:

December 2012 Soybean Oil

The December 2012 Soybean Oil contract has potentially formed a 1-2-3 Top Formation. The contract made a new 12 month high on September 4 at 58.60. This high sets up the number one point of the formation. The market pulled back to 55.68 on September 12. This low sets up the number two point of the formation. Friday, September 14, the contract traded as high as 57.80. If this price holds, it would setup the number three point of the formation. The market sold-off in the afternoon and on the close, so it's likely the market continues to sell-off into Monday's session. A break of the number two point of 55.68 would trigger an entry to the downside. There was a surge in trading volume on days when the first two points of the formation were established. Currently the Trend Seeker (a US Chart Company tool) is Up. This trend could reverse if the market trades through the support level near the number two point. A potential stop loss could be the number 2 point of the formation. Potential targets could be the 51.88 low (8/8/12) or the twelve month low of 48.64 (6/15/12). Continue reading "Beyond the "Spotlight"" →

Apple's iPhone, Germany, the Fed: Why It's All Irrelevant to the Market's Trend

Posted on by The INO.com Team

A lot of people know that R.N. Elliott discovered the Wave Principle.

Yet few are aware that Elliott made another observation during his years of studying the stock market.

As the Wave Principle forecasts the different phases or segments of a cycle, the experienced student will find that current news or happenings, or even decrees or acts of government, seem to have but little effect, if any, upon the course of the cycle. It is true that sometimes unexpected news or sudden events, particularly those of a highly emotional nature, may extend or curtail the length of travel between corrections, but the number of waves or underlying rhythmic regularity of the market remains constant [emphasis added].

R.N. Elliott, R.N. Elliott's Masterworks, pp. 158-159

What a stunning insight: Even major news does not alter the market's main wave pattern! This seems to defy logic because most people believe that news and events are the very things that drive the stock market. Continue reading "Apple's iPhone, Germany, the Fed: Why It's All Irrelevant to the Market's Trend" →

The Bottom Line on Gold, the Dollar, and the Euro

Posted on by The INO.com Team

By Louis James, Casey Research

One of the points we've made several times over the last year is that traders stuck in an old paradigm are frequently selling gold for the wrong reasons.

The most egregious (or just plain silly) example is that gold often drops when the euro drops.

This happens, not because there's anything wrong with gold at such times, but because gold is priced in dollars. Instead of being thought of as a store of value in many investors' minds, gold is viewed as a hedge against weakness in the dollar.

But what are dollars priced in? Continue reading "The Bottom Line on Gold, the Dollar, and the Euro" →

Chart to Watch - Natural Gas

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 Natural Gas (ZW.V12.E). I hope you had a GREAT week ! This week we are going to take a look at Natural Gas.

Natural Gas made a bull swing in which MarketClub went on a weekly and monthly green Trade Triangle.

Natural Gas went on a weekly red MarketClub Trade Triangles Natural Gas made what was more than likely a counter trend correction.

Natural Gas looks to have just made the breakout of a Head and Shoulders base. Continue reading "Chart to Watch - Natural Gas" →

When Will Gold Finally Take Off Again?

Posted on by The INO.com Team

By Jeff Clark, Casey Research

Gold's pullback a year ago no doubt shook out a lot of nervous buyers. They got in on the rise, they got nervous on the pull back. They sold, and they lost.

That's just the way the market works.

But it's a shame, because when we look logically at gold's historical performance – for example over the last 12 years – we see that holding their nerve, tough though it can be, will most likely turn out to be the best approach, and for good reason. Continue reading "When Will Gold Finally Take Off Again?" →