Tag: WHEN DO YOU EXIT A TRADE ?

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 right near 3 year lows going out this Friday afternoon at 1,212 an ounce finishing higher by around $12 this week despite the fact that the money flow continues into the S&P 500 and out of the precious metals as investors see no reason to be long the gold market at this time. Gold futures have dropped $700 from their highs and I do think there’s still a possibility that we could drop another $100 dollars maybe another $150 but eventually this market will bottom out as well as world problems will come back into play, but right now the trend is your friend and in the trend buying S&P and selling gold and I think that’s going to continue for the rest of the year as the stock market is hitting all-time highs once again in the S&P 500 and Dow Jones Industrial Average while gold futures finished up $8 today. 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 for the December contract sold off about $37 dollars from last Friday’s settlement of 1,287 as pessimism continues to grow in the precious metals as demand is at 4 year low as investors are selling gold ETF’s pushing prices lower and taking that money and putting it into the S&P 500 and NASDAQ which continue to make new highs once again today. Volatility in gold at this time is a 6 out of 10 meaning volatility can get much higher in my opinion as gold has been kind of grinding lower so if you’re looking to get short the gold market I would look at February put options or look at some bear put spreads for the month of April limiting your loss to what the premium costs as gold has entered into a bearish trend at this time. Gold looks weak right now and I do think prices will retest 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 New York this week were slightly higher settling at 1,288 after rallying $20 in yesterday’s trade as renewed optimism about the Federal Reserve continuing its quantitative easing for years to come pushing prices sharply higher after hitting a 5 week low down at 1,260 earlier in the week still continuing its downtrend in my opinion. The next major support is at 1,251 and if that level is broken you would have to think that prices will go down & retest the June lows of 1,180 but this market has been resilient when it looks its worst it has a tremendous rally & when it looks really good it has a tremendous sell off so at this point I would advise sitting on the sidelines and wait for a breakout to occur below 1,251 before entering to the downside as demand has hit a 4 year low as investors continue to pour money into the stock market and continues to sell gold and the precious metals and that is why you see the divergence between the S&P 500 and gold prices. Gold is trading far below its 20 and 100 day moving average which tells you that the trend in the short term is lower but this market has been very choppy for quite some time so look at some other commodities like the S&P 500 because a trendy market is much easier to make money then a choppy market.
TREND: LOWER
CHART STRUCTURE: EXCELLENT Continue reading "Weekly Futures Recap With Mike Seery" →

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 Metal Futures—The precious metal futures ended lower this Friday afternoon with gold finishing down about $7 an ounce at 1,322 after settling last Friday at 1,293 up about $30 for the week which is pretty solid and I have been recommending buying gold when it broke out to a 4 week high above 1,302 and I still think gold has more room to run on the upside but make sure you do place a stop loss at the 10 day low if you are long the futures contract to try & minimize risk in case the trend does change. Gold futures are right at the uptrend line and if that is broken I think prices could head up to $1,400 here in the next month but I would be very suspicious & doubt if it has any more legs to pass those levels. The U.S dollar has been down substantially in recent weeks and that is helped push gold and silver prices higher as well as many hedge funds have taking profits on their short positions in recent weeks. Continue reading "Weekly Futures Recap W/Mike Seery" →