Tag: Gold (FOREX:XAUUSDO)

Big Moves Can Start When You Least Expect Them

Posted on by The INO.com Team

Now that the Thanksgiving holiday is over and we're entering December, traders should take extra care. Historically markets can move rather dramatically in December as trading volume thins out when traders start closing down their trading mindset and move out of the markets and into holiday mode. You do not want to start swinging for the fences to try to make your year in December, the odds are against you.

In addition to looking at the markets in general today, I'm going to take an in-depth look at the gold market. Everyone seems to be bearish on gold and what I have noticed over my trading career is that when everyone feels the same way about a market and is on one side of the trade, watch out!

That is the way the mood is right now for gold and there could be a sharp reversal as the shorts, that is the folks who sold gold short hoping to buy it back at a lower price, scramble to cover (buy back) their short positions. Continue reading "Big Moves Can Start When You Least Expect Them" →

Paris - A Seminal Moment In History

Posted on by The INO.com Team

Make no mistake about it, the horrific terrorist acts that took place in France on Friday were indeed an act of war against the West. French President Francois Hollande should be congratulated for calling the attacks for what they were and not hiding behind some politically correct verbiage. Our hearts and prayers go out to the people of France and indeed to Europe.

My concern is, what is going to happen to the markets and how the events in Europe are going to translate across the Atlantic to our equity markets. The world continues to change but one thing is for sure, we're all linked financially for better or worse.

Let's take a look at the major indices individually and and see what's happening this afternoon. Continue reading "Paris - A Seminal Moment In History" →

Trends And Tipping Points For Apple, Alibaba And Twitter

Posted on by The INO.com Team

Apple Inc. (NASDAQ:AAPL)

Yesterday, the 900-pound gorilla, Apple Inc. (NASDAQ:AAPL) reported earnings and by all accounts they were outstanding, far outpacing all of the pre-earnings estimates. But the reality is, the stock price barely moved and is up just 1.5% in today's early trading. I still believe that Apple is not out of the woods yet and it is yet to have any new blockbuster products or innovations.

The weekly and monthly Trade Triangles are indicating that Apple is in a trading range. The longer-term monthly Trade Triangle is red indicating the major trend remains negative. A tipping point for Apple on the downside would be a move below $109.50, that would turn all Trade Triangles red indicating a downward move. On the upside, Apple needs to move over $122.60 to reignite the bull trend. Continue reading "Trends And Tipping Points For Apple, Alibaba And Twitter" →

And The Winners Are...

Posted on by The INO.com Team

Hello MarketClub members everywhere, there are two big winners today. The first winner has to be Amazon.com Inc. (NASDAQ:AMZN), they announced earnings last night and blew away all the estimates by a wide margin. Amazon announced its first real profit in 20 years. In after-hours trading, the stock was up over 11% which made Jeff Bezos, who founded Amazon a little over 20 years ago, the third wealthiest man in America right behind Warren Buffet and Bill Gates. I congratulate both Amazon and Jeff Bezos for sticking to their guns and providing an amazing, first-class service.

If you watched yesterday's video, MarketClub's Trade Triangles nailed Amazon's up move and I predicted that the stock would trade at $600 or higher. You can watch yesterday's video right here. For those of you who watched the video and took action, you just made a quick 10% on your money in less than 24 hours.

The second winner is Continue reading "And The Winners Are..." →

Gold Update: Space Mission Aborted, Rescue Landing Is Ahead

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


One of our regular readers was among the few who openly rejected the idea of Gold’s reversal to the upside, he sees a lower bottom for the metal.

So let’s see why I changed my mind and now think that we are not going to rocket higher soon. Below is my previous post’s daily chart. I've added remarks to the chart to show what went wrong.

Gold Daily: Post-Mortem

Daily Gold Chart FOREX:XAUUSDO
Chart courtesy of tradingview.com

I supposed that after we received the first bull confirmation of higher lows, we can fly higher at a distance of the 1.618 Fibonacci ratio in the green CD segment. One can notice that we hit a new high last Thursday around the $1192 level. So why should we cancel the bullish scenario now? Continue reading "Gold Update: Space Mission Aborted, Rescue Landing Is Ahead" →