Tag: precious metals

Today's Video Update: The Beat Goes On

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 15th of May.

Google Music?
Word on the street is that Google (NASDAQ:GOOG) is set to announce today a new streaming music service, one that will compete against Pandora and Spotify. Once again, it seems as though Google wants to be everything to everybody, and whether Google can compete in the music business and be successful remains to be seen. Should you buy or sell Google? If you haven't watched my Google trading video on how to trade Google successfully, you can watch it here.

The Beat Goes On
Stock prices hit a high yesterday as more and more disenfranchised short sellers are covering their shorts and exiting this market. So far, this market has not yielded to any downside pressure or correction to the surprise of many professional traders. What I do know, is that trends tend to persist longer than expected, and that they don't ring a bell at the top of any market. In a recent blog poll, we asked readers what they thought of the market: Continue reading "Today's Video Update: The Beat Goes On" →

Today's Video Update: Forget Stocks, the Name of the Game is the Value of Money

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 13th of May.

The Aussie Dollar Crashes
Today we are going to take a look at the Aussie dollar to understand why it closed last Friday at its lowest levels since June 2012. This market clearly is on the defensive as Australia re-tools its economy with a lower priced currency. By lowering its currency, Australia hopes, like Japan, to jump start its economy. A less expensive Aussie dollar should help make Australian exports more competitive and more attractive, particularly to China, which is its main trading partner.

This particular trade could be one of the best trades of 2013. If you haven't seen last week's Aussie Dollar video, you can watch it here.

The Trend Continues In The Yen
The US dollar moved to its best levels in five years against the Japanese Yen, as the Yen reached 102 early this morning in overseas trading. The Japanese Yen has been on the defensive against the US Dollar since last October, when our Monthly Trade Triangle kicked in and the Dollar began to accelerate its gains against the Yen. I believe that this market, which is very overbought, is getting close to a target zone around the 103.00 level. I would now expect the 100.00 level to act as a floor for the US dollar. Continue reading "Today's Video Update: Forget Stocks, the Name of the Game is the Value of Money" →

Weekly Futures Recap W/ 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.

Precious Metals--- The precious metals in New York sold off sharply with gold down nearly $36 an ounce to settle around 1,433 down nearly $35 for the trading week which is basically all in today’s session as the U.S dollar has rallied sharply in 2 days while the Japanese Yen is hitting a 5 year low selling off nearly 300 points in the last 2 trading sessions. Gold futures for the June contract are trading below their 20 and 100 day moving average right near a 3 week low still extremely volatile and very choppy and I’m still advising traders to sit on the sidelines at this point in time and there still the possibility that gold could retest the mid-1300s before stabilizing. Silver futures were down about $.35 for the trading session after settling last Friday at 24.02 down nearly $.40 for the trading week trading below their 20 and 100 day moving average and still basically stuck in a 3 week channel really in a directionless trade I’m also advising traders to sit on the sidelines in this market until it has improving chart structure. Copper futures were one of the bright metals this week trading above its 20 day moving average but below its 100 day moving average which is currently at 3.56 pound after settling last Friday at 3.31 finishing slightly higher for the week which is impressive in my opinion since many of the commodity markets this Friday were sharply to the downside. Continue reading "Weekly Futures Recap W/ Mike Seery" →

Today's Video Update: Is The Market Running Out Of Gas?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 10th of May.

Running Out Of Gas Or Is Complacency Setting In?
The market has two enemies, gravity and complacency. It would appear as though complacency in this market is becoming more and more of the norm, which is a definite danger and warning sign. The type of complacent attitude we are seeing tends to give birth to the market's second enemy, gravity. Earlier this week, we produced a short video explaining how a simple technical formation known as a "parallel channel" may be indicating that we are close to an interim top for this market. Continue reading "Today's Video Update: Is The Market Running Out Of Gas?" →

Today's Video Update: Is a Parallel Channel Indicating a Top For This Market?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 8th of May.

Is a Parallel Channel Indicating a Top For This Market?
One of the biggest enemies of investors is being too complacent. I feel that this malady is very much the case in today's market. I believe investors should be concerned and should be using money management stops on all of their long positions. We have not seen any type of significant pullback since the recent low on April 18th. In today's daily update, we are going to be looking at a parallel channel, which could be marking a new term top for this market. The parallel channel started in mid November of last year and has remarkably contained most of the action for the past six months. I think you'll find this video to be particularly interesting today.

Watch Today's Video Update Here

 

Is Gold Putting In a Bottom? Continue reading "Today's Video Update: Is a Parallel Channel Indicating a Top For This Market?" →