Tag: Guest Bloggers

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 December contract settled last Friday in New York at 1,136 an ounce while currently trading at 1,154 trading above its 20 and 100 day moving average for the 1st time in many months as the trend has now turned to the upside, however the chart structure is very poor at the current time as the 10 day low is to for away so I’m sitting on the sidelines waiting for a tighter stop to develop. Many of the commodity markets have rallied in the last week including the energy sector & precious metals as the next major level of resistance is around 1,170 as a short-term bottom certainly looks like it’s developed, but be patient and wait for better chart structure which could take a couple more weeks as the U.S dollar continues its short-term bearish trend helping support the commodity and gold market. Gold prices have remained very choppy over the last six weeks with high volatility so if you want to trade this market place the proper amount of contracts risking 2% of your account balance on any given trade, but in my opinion this market remains choppy and is very difficult to trade successfully. 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 December contract settled last Friday in New York at 1,145 an ounce while currently trading at 1,131 down about $14 this week but reacting sharply higher today on a poor monthly unemployment number but continuing its long term down trend while trading below its 20 and 100 day moving average retesting major support at 1,100 near an eight week low as I’m currently sitting on the sidelines as this market remains choppy with poor chart structure. I still see no reason to own gold currently as the risk/reward is not your favor so look at other markets that are starting to trend. Gold prices had a significant rally in the month of August bottoming out around 1,080 then rallying to 1,170 which was impressive in my opinion due to short covering and a flight to quality as the stock market has experienced volatility in recent weeks sending money out of stocks and into gold as a safe haven, but things have settled down putting short-term pressure on gold. 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 December contract are sharply higher this Friday in New York trading up $20 at 1,137 an ounce after settling last Friday at 1,103 reacting to the Federal Reserve yesterday not raising interest rates sending gold sharply higher with high volatility. Gold is trading above its 20 day but still below its 100 day moving average telling you that the trend is mixed as I’ve been sitting on the sidelines for quite some time as this trend is extremely choppy as I’m advising investors to avoid this market at the current time and wait for better chart structure before entering. I was recommending a silver trade getting stopped out a couple of days back as the precious metals as a whole have rallied as it looks like the Federal Reserve is very hesitant to raise interest rates which is bullish commodity markets at least here in the short-term, but the true breakout in gold is above 1,170 but look at other markets that are beginning to trend with less risk. 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 December contract settled last Friday in New York at 1,121 an ounce while currently trading at 1,106 down about $15 this week trading below its 20 and 100 day moving average near a 3 week low as I’m currently sitting on the sidelines as this market remains choppy with poor chart structure. I still see no reason to own gold currently as the risk/reward is not your favor so look at other markets that are starting to trend such as the silver market which I am currently recommending a short position because the chart structure is outstanding. Gold prices had a significant rally in the month of August bottoming out around 1,080 then rallying to 1,170 which was impressive in my opinion due to short covering and a flight to quality as the stock market has experienced volatility in recent weeks sending money out of stocks and into gold as a safe haven but things have settled down putting short-term pressure on gold. Continue reading "Weekly Futures Recap With Mike Seery" →

Five Ways to Stay Focused In Scary Markets

Posted on by The INO.com Team

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple and straight-to-the-point.

If you like this article, Larry’s also agreed to give you free access to his award winning book.

Today he’s going to talk about staying focused in scary markets.

In the fallout from the 2008 global financial crisis, there have been moments that have been driven by pure fear. These are the moments when it can be hard to maintain your composure and trade your plan. Unfortunately, these big days are the times when you need that composure the most. Here is a quick lesson in why it is important to keep focused in a scary market and how to achieve that focus.

Market Basics

First let us understand some market basics. Markets exist to facilitate trade. From moment to moment the market offers traders the opportunity to profit from price movement. It's an environment where every trader has the freedom to create his own results, i.e. all the choices and the power to exercise those choices reside with the trader. Continue reading "Five Ways to Stay Focused In Scary Markets" →