Tag: Futures Trading

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.

S&P 500 Futures

The S&P 500 is trading at 2789 after settling last Friday in Chicago at 2777 up another 12 points hovering near a 12-week high as the bullish momentum is continuing to get stronger. I do not have any recommendations in the equity markets, but I do believe higher prices are ahead as you have to remember the Federal Reserve now looks like they will not raise interest rates and that's another fundamental bullish factor towards stock prices. The next major level of resistance is around 2820 / 2825 and if that is broken, I would think prices will hit all-time highs once again as I remain bullish the equity market as I see no reason to be short. The S&P 500 is trading above its 20 and 100-day moving average as clearly the trend is to the upside as the U.S. economy is doing exceptionally well as I shake my head and wonder what the heck happened in December when stock and oil prices plummeted only the rebound sharply in 2019. If you take a look at the S&P 500 as a whole it's only trading at about 16 times earnings which historically speaking is not that expensive as this is not a bubble in my opinion while still having room to run to the upside.
TREND: HIGHER
CHART STRUCTURE: SOLID
VOLATILITY: AVERAGE
Continue reading "Weekly Futures Recap With Mike Seery" →

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.

Gold Futures

Gold futures in the April contract finished down about $4 for the week at 1,318 an ounce reversing earlier losses finishing strong especially compared to the rest of the commodity sectors. The U.S stock market sold off about 200 points as that supported gold prices as there were concerns earlier in the day about lower inflation estimates in Europe coupled with the fact that the U.S dollar also hit a 2 week high. However, investors came back into the market as a flight to quality. I have been recommending a bullish trade from around the 1,252 level, and if you took that trade, the stop loss has now been raised to 1,302 as the chart structure is outstanding. Gold prices are still trading above their 20 and 100-day moving average as the trend remain strong, but for the bullish momentum to continue, we have to break the January 31st high of 1,331 in my opinion. Let's see what Monday's trade brings as I think they'll be a lot of volatility because many government reports will finally be released.
TREND: HIGHER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

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.

Gold Futures

Gold futures are trading lower by $3 today breaking a 5-day winning streak hitting a 7 month high yesterday continuing its bullish momentum. Gold reacted positively earlier in the week off the Federal Reserve comments stating that basically, they will not raise interest rates until probably later this year sending stock prices & many commodities higher across the board. I have been recommending a bullish position originally in the February contract from around the 1,252 level as you had a roll over into the April contract due to expiration as prices are currently trading at 1,327 an ounce. As an exit strategy, I would place the stop loss under the 10-day low which was hit on January 24th at 1,281 as the chart structure will not improve for another three trading sessions so you will have to accept the monetary risk at this time. Gold prices are trading far above their 20 and 100-day moving average as clearly the trend is higher as we've taken out major resistance as well as I still think prices could trade up to the 1,400 level as demand has come back into this commodity.
TREND: HIGHER
CHART STRUCTURE: SOLID
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

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.

Gold Futures

Gold futures in the February contract settled last Friday in New York at 1,282 while currently trading at 1,298 up about $16 for the trading week looking to crack the critical January 4th high of 1,300 in my opinion. I have been recommending a bullish position from around the 1,252 level and if you took that trade continue to place the stop loss on a closing basis only at 1,278 which is also the 2-week low. Gold prices are still trading above its 20 and 100-day moving average as the trend remains higher, so I also have a bullish recommendation in platinum as we were stopped out of the silver trade earlier in the week which is disappointing as silver is sharply higher in today's trade. The U.S. dollar this Friday afternoon is down 70 points as that is undoubtedly helping gold and the entire precious metals rally sharply today so stay long and continue to place the proper stop loss as I think 1,350 could be in the cards relatively soon. Demand is starting to come back into gold as large money managed funds continue to be buyers as I believe a secular bullish trend is underway.
TREND: HIGHER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

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.

Gold Futures

Gold futures in the February contract is currently trading lower by $10 at 1,282 an ounce as prices have been stuck between 1,290 / 1,300 over the last two weeks due to extremely low volatility. I have been recommending a bullish position from around the 1,252 level and if you are involved in that trade continue to place the stop loss under the 10-day low standing at 1,278 as the chart structure is excellent, but for the bullish momentum to continue prices have to break the January 4th high of 1,300. I'm also recommending bullish positions in silver and platinum as palladium has exploded to the upside once again today hitting another all-time high and that indeed is the leader out of this complex. I'm hoping that will start to bleed into the other precious metals. Gold prices are still trading above their 20 and 100-day moving average as the trend is higher, and I still think a breakout above 1,300 is looming so continue to play this to the upside. I will be possibly looking to add more contracts if that situation occurs as the risk/reward would still be in your favor
TREND: HIGHER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →