Tag: Brexit

Brexit Poll: Will They Stay or Will They Go

Posted on by The INO.com Team

Today is finally the day. Britain's long-awaited referendum on whether or not the U.K. exits the E.U. will finally happen. After months of polls showing that a narrow majority of Britons favored staying with the E.U., recent surveys have shown the country's voters leaning toward leaving the 28-nation E.U. despite the potential for strong economic aftershocks in the U.K. and across the world. What is certain is that global markets are likely to see heavy trading on Friday, as investors adjust their holdings based on Britain's decision.

Which leads me to today's poll question:

Will Britain leave the European Union?

View Results

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As always, I would love to hear your thoughts on the subject. Please take a moment to vote and then leave a comment.

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

What Is That Popping Noise In The S&P 500?

Posted on by The INO.com Team

I'm not sure if that if that popping sound is only in my head or happening in the markets? Is the S&P 500 about to pop following Brexit or will it be Fed-induced liquidity rallies as usual? We are long the S&P 500 via a put option spread but will exit at the first sign of failure. Also, the bond market ETF TLT has pulled back to support.

Learn more about TradingAnalysis.com here.

Plan Your Trade, and Trade Your Plan,
Todd Gordon

Welcome To What I'm Calling H*ll Week

Posted on by The INO.com Team

Hello MarketClub members everywhere! Yesterday, we saw the news push the equity markets sharply higher. Unfortunately, the enthusiasm did not last the entire day and the markets fell off quite dramatically from the early highs. As I have been saying for some time, the markets are in a broad trading range and Brexit is just adding fuel to the type of range trading mentality.

MarketClub's Mid-day Market Report

I was interviewed by Reuters yesterday and they asked me what I thought of the markets and Brexit. I answered them in the only way that I could, saying that no one at this juncture has a clue as to whether England is going to remain in the EU or it's going to leave. There are of course pros and cons for both sides of this argument.

The younger generation wants to stay in the EU as it gives them more latitude to move to other countries and find work. The older generation wants to leave and get out from under the thumb of the bureaucrats in Brussels and also have Britain set its own immigration policies.

Like I said earlier, it's going to be a volatile week and polls are more likely going to drive the sentiment than common sense.

This comment just came in from a MarketClub member: Continue reading "Welcome To What I'm Calling H*ll Week" →

All Eyes On Brexit

Posted on by The INO.com Team

Hello MarketClub members everywhere!

Make no mistake about it; the markets will all be obsessing about whether or not Great Britain will stay or leave the EU.

MarketClub's Mid-day Market Report

This morning all the markets are thinking happy thoughts and are rising as they think that Britain is going to stay in the EU.

The bottom line is no one has a clue if Great Britain will stay or leave the EU. The other crazy thing is no one has a clue as to what will happen if Great Britain leaves. As you can see, there is no clear cut path or idea as to what's ahead.

So here is what to do - I call it the "Desert Island" approach to trading. Let's say you were trapped on a desert island with plenty of food and water but with no news of any kind. The only news you could receive is stock and futures prices - could you trade on just that information? Before I answer that question, ask yourself this question, if you were looking back at a stock chart and back testing would you be looking at the news? The answer is probably not, you would be looking at price action and that is exactly what the market proven Trade Triangle's do every day.

The bottom line is price action make market trends.

One caveat - Black Swan Events Continue reading "All Eyes On Brexit" →

The Fed Giveth and the Bullion Banks Taketh Away…

Posted on by admin

Precious metal expert Michael Ballanger breaks down the gold price roller coaster surrounding the Fed's decision not to raise interest rates.

Ballanger chart cover

Janet Yellen just blew all remaining semblances of credibility believed to be still present at the U.S. Federal Reserve Board.

We have all heard for the past month or so that the Fed was going to hike the Fed Funds rate at today's meeting, the anticipation of which caused a rally in the U.S. Dollar (USD) and a surge in stocks - all while the bond market was rallying in response to weakness in the macroeconomic environment.

Well, they didn't raise as predicted back in March because of "China weakness," so today they didn't hike because of "soft exports" and "vulnerabilities in the global economy" and "Brexit worries" and a host of other totally clueless hypothecations. But the bottom line is that they didn't hike because the ensuing dollar rally would impair the collateral that underpins the massive debts owed by governments and homeowners to the banks that hold that debt. Stocks reversed lower when it became clear that the Fed has absolutely zero control over the U.S. economy, and is now truly caught in the headlights because banks are getting killed with the yield curve this "flat," and since the Fed's shareholders ARE "the banks," it takes on an aura of the surreal. Continue reading "The Fed Giveth and the Bullion Banks Taketh Away…" →