Chart to Watch - Sugar

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 October Sugar (SB.V13.E).

I hope you are having a GREAT week !!!

This week let's take a look at October Sugar.

For futures we use the weekly MarketClub Trade Triangle for trend and the daily MarketClub Trade Triangle for timing.

Sugar has put in a weekly green MarketClub trade Triangle which means the weekly time frame is pointing up as of right now. Continue reading "Chart to Watch - Sugar"

Crude Oil Breakout & Some Implications

At the moment, crude oil seems to be acting as a free agent instead of in concert with the commodity complex that would play a role in signaling the effects (or lack thereof) of the inflation to date.  The target off this formation, if it holds, is 110 or so.  But as noted in a previous post, a drive toward 110 would load a significantly higher target, which we have been charting in NFTRH over the last several weeks by monthly chart. Continue reading "Crude Oil Breakout & Some Implications"

In Precious Metals, Cash Flow Is King

The Gold Report: Many believe that the price of gold represents a market referendum on the value of paper money and the health of the world economy. Do you agree?

Jay Taylor: Yes, I do. Gold rose from the mid-$200s/ounce (mid-$200/oz) in 2002 to as high as $1,900/oz. That clearly suggests that things are not all right in the global economy. Politicians like to create the illusion that they can create something out of nothing and give it to people in exchange for votes. Gold gets in the way of that falsehood politicians wish to use to deceive voters for their own gain and the gain of those who fund their election campaigns.

TGR: Gold has fallen from $1,900/oz to below $1,400/oz. Some people say this proves the bubble has burst. Continue reading "In Precious Metals, Cash Flow Is King"

Trade of the Week Review

Join CEO of Acorn Wealth, John Seville, as he reviews his top performing trade of the week. In this short video John provides an executive summary of his top performing trade for the week. Watch along as he shares how he located the trade using targeted scans and the methodology to pin point the exact entry and exit points to crystallize double digit return within days. Learn key trading tips that you can implement instantly into your trading plan. A must see for any trader of all levels of experience.

Get FREE Access to Acorn's Premium Gold Service Now!

John has invited all INO readers to enjoy 7 days of complimentary, unlimited access to Acorn's Premium Gold membership service. Experience professional trading at its best as you join in Acorns live trading room where head coaches John Seville and Strath Curtis break down the markets at the end of the trading day reviewing watch lists and scanning for opportunities for the next day. Attendees also can join in on an interactive Q&A At the end. Click here for exclusive access.

The Hindenburg Omen Is Flashing: Is It Time To Sell?

By: David Goodboy - StreetAuthority

I learned the hard way not to rely purely on technical analysis to make investing decisions.

In the early 1990s, I had built up a decent trading stake by riding the momentum lifting high-tech stocks of the era. Dave, my best friend and the guy who first taught me how to trade, was a die-hard technical analysis proponent who made a small fortune correctly forecasting and buying puts several days prior to the 1987 market crash. He turned his college tuition money into enough capital to trade full time, buy a nice car and not have to worry about working for someone else.

I'll never forget that phone call: Continue reading "The Hindenburg Omen Is Flashing: Is It Time To Sell?"