Tag: risk management

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.

Crude Oil Futures

Crude oil futures in the July contract settled last Friday in New York at 46.90 a barrel while currently trading at 48.60 up about $1.70 for the trading week continuing its remarkable bullish run over the last 3 months. At the current time, I’m sitting on the sidelines in the crude oil. I did miss this move to the upside as prices bottomed out in early January around the $32 level while now trading almost at $50 in a remarkable turn of events. However, the 10 day low is too far away, therefore, risking too much money so I will look at other markets with better risk/reward scenarios at present. Crude oil is trading far above it's 20 and 100-day moving average telling you that short-term trend is to the upside as I’m certainly not recommending any type of short position as that would be counter trend trading which is a bad idea over the course of time. It will be very interesting to see if rig counts start to increase as they had been coming down over the last year, but now prices have rallied substantially so it will be interesting to see if those corporations start pumping more oil. 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.

Crude Oil Futures

Crude oil futures in the June contract settled last Friday in New York at 44.66 a barrel while currently trading at 46.22 up about $1.50 for the trading week continuing its bullish momentum hitting a 6 month high. I have not been involved in oil for several months, but if you do have a bullish position, I would place my stop loss at the 10 day low around 43.00 as I think this market is getting a little long in the tooth as I’m starting to have a bearish bias. Crude oil prices are trading far above their 20 and 100-day moving average telling you that the short-term trend is higher as the chart structure has improved tremendously. We could be possibly entering a short position in the next several weeks so keep a close eye on this market as the risk/reward could be your favor soon. 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.

S&P 500 Futures

The S&P 500 futures in the June contract settled last Friday in Chicago 2059 while currently trading at 2040 right near a 4 week low and if you have been following any of my previous blogs you understand that I do not trade this very often. However, the setup is starting to become favorable as I want to keep a close eye on a possible short position next week. The S&P 500 is trading below its 20-day but still above its 100-day moving average as we are right near major support I do want to see the chart structure to tighten up as the 10 day high is 2094 risking around 55 points or 2,800 per contract plus slippage and commission which is too high of monetary risk to enter at this point. The monthly unemployment report was released this morning stating that the United States added about 160,000 new jobs below expectations with the unemployment rate at 5% having little impact on today’s price as I will keep a close eye on this market as volatility should definitely start to increase as the old saying states “sell in May and go away” as that’s exactly what’s happened so far. 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.

Crude Oil Futures

Crude oil futures in the June contract settled last Friday in New York at 43.73 a barrel while currently trading at 45.73 up about $2 for the trading week hitting a five-month high which has been a very impressive rally over the last 3 months. Crude oil prices are trading above their 20 and 100-day moving average telling you that the short-term trend is higher. However, I have been sitting on the sidelines as the chart structure has not been terrific over the last several months as I do think there is a top in the near future as I think prices can retest $50, but if that happens production will start to come back online. The U.S dollar continues to move lower as that has definitely helped crude oil prices rally about $17 over the last 3 months as the next major level of resistance is around $48. 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.

Crude Oil Futures

Crude oil futures in the June contract settled last Friday in New York at 41.71 a barrel while currently trading at 43.77 up about $2 for the trading week. I’ve been sitting on the sidelines in this market as the chart structure does not my criteria to enter into a bullish position at this time. Crude oil prices are trading far above their 20 and 100-day moving average telling you that the short-term trend is higher as the bullish momentum continues despite the fact that last Sunday OPEC decided not to cut production sending prices sharply lower only to rally significantly over the last several days. That tells me that the short-term bottom is in place. At the current time the 10 day low stands at 39.00 which is too far away. However, we could be entering into a bullish position over the next couple of days once the chart structure tightens, therefore, allowing a tight stop loss lowering monetary risk as that’s what trading is all about. Continue reading "Weekly Futures Recap With Mike Seery" →