Weekly Futures Recap With Mike Seery

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.

Gold Futures

Gold futures in the December contract settled last Friday in New York at 1,341 an ounce while currently trading at 1,329 down about $12 for the trading week as this chart pattern is very similar to the silver chart as prices continue to go sideways waiting for some fresh fundamental news to dictate short-term price action. Gold prices are trading at their 20-day but still above their 100-day moving average as this market basically have been flip-flopping around due to the Federal Reserve doing an interest rate hike or not as I think that will continue for quite some time so avoid this market at the present time. The next major level of support is around 1,305 & if that is broken, you would have to think that the bearish trend would be underway. Continue reading "Weekly Futures Recap With Mike Seery"

Weekly Futures Recap With Mike Seery

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.

Gold Futures

Gold futures in the December contract settled last Friday in New York at 1,323 an ounce while currently trading at 1,336 as I was recommending a short position getting stopped out in Tuesday's trade around the 1,347 level as gold prices rallied sharply off of the monthly unemployment number which was released last Friday. I’ve been recommending a short position from around 1,333 and added more contracts around the 1,320 level as this was a frustrating trade as prices traded as low as 1,307 earlier in the week as this market remains very choppy as I’m now sitting on the sidelines looking at other markets that are beginning to trend. Gold prices continue to react off what the Federal Reserve says and what the most recent rumor developing so avoid this market at present as there is no trend as who knows where interest rates are going at this time. Continue reading "Weekly Futures Recap With Mike Seery"

Weekly Futures Recap With Mike Seery

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.

Gold Futures

Gold futures in the December contract settled last Friday in New York at 1,326 an ounce while currently trading at 1,322 down slightly for the trading week. I’ve been recommending a short position from the 1,333 level and then adding more contracts around 1,320 as I still remain bearish while placing my stop loss above the 10-day high which stands at 1,346 as the chart structure has improved tremendously this week. Gold prices have hit 1,306 on 3 different occasions, and if that is broken, I do believe the all-out bear market could get ugly to the downside as prices are still trading below their 20 and 100-day moving average telling you that the trend is lower. Gold prices reacted sharply higher off of the construed negative monthly unemployment report adding 150,000 jobs which were slightly below consensus estimates. However, the U.S dollar has reversed as gold prices were about $17 higher, but currently only up about $5 which happened last Friday as well. The chart structure in gold will not improve for another 5 days, so you’re going to have to accept the monetary risk at this point. Continue reading "Weekly Futures Recap With Mike Seery"

Theory into practice ... the real test!

We first showed you the theory in our introductory Traders Whiteboard video. If you missed this video we highly recommend that you take a few minutes to watch it before you watch our second video with real world trading examples.

The theory

After you watch the theory, watch as we put this theory into practice with two real world trading examples. Our first example shows how one of the biggest stocks in the world fell apart, and how you could have taken advantage of this fact by using this simple trading theory. In our next example of this theory, we show a stock whose move is just beginning and still has along way to go on the upside.

The practice

It's all here, the theory, two real world examples, and proof that this concept works. Watch, learn and benefit from this powerful new trading video. Watch with our compliments.

Adam Hewison
President, INO.com.

Be Our Guest
We welcome syndication of our content in your blog or on your trading website. Please feel free to use our content with attribution -
more details here to syndicate our content