Tag: Guest Bloggers

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 the December contract is currently trading at 1,238 after settling last Friday in New York at 1,228 up about $10 for the trading week hitting a three month high while still experiencing extremely low volatility. I have a bullish bias towards gold as I am also recommending a bullish position in silver as the U.S. stock market has fallen out of bed in recent weeks and is down nearly 500 more points in today's trading session as money flows are coming out of equities and into the precious metals. If you are long a futures contract, I would place the stop loss at the two week low as an exit strategy which stands at 1,221 as I do believe higher prices are ahead. I don't think the washout in the stock market is finished at this time. Gold prices are trading above their 20 and 100-day moving average as the trend is to the upside with the next major level of resistance at 1,250, and if that is broken, I think we can head up to 1,270. I do believe volatility will start to increase substantially to the upside as gold is used as a flight to quality and that could happen in next week's trade so if you are long stay long in my opinion.
TREND: HIGHER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
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 the December contract settled last Friday in New York at 1,222 while currently trading at 1,231 an ounce hitting a ten-week high breaking out of an eight-week consolidation last week. I'm looking at a bullish position if prices trade at the 1,220 level while then placing the stop loss under the 10-day low standing at 1,186 as the risk would be $,3400 for a large contract or $1,100 per mini contract plus slippage and commission. The monetary risk at this time is too much in my opinion and I'm waiting for a pullback as volatility is also starting to increase. I'm currently recommending a bullish silver position which continually grinds higher in a very methodical manner. Gold prices are trading above their 20-day and right at their 100-day moving average as the U.S. dollar has been flip-flopping over the last couple months with no trend having minimal impact as I do believe prices have bottomed out. The chart structure is starting to improve on a daily basis. However, problems with Saudi Arabia could bring money flows back into the sector so look to play this to the upside on any price retracement while risking 2% of your account balance on any given trade.
TREND: HIGHER
CHART STRUCTURE: IMPROVING
VOLATILITY: HIGH
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.

Silver Futures

Silver futures in the December contract is currently trading at 14.64 unchanged for the trading week continuing its low volatility as prices have been stuck in the mud over the last month or so. I have been recommending a bullish position from around the 14.50 level & if you took the trade continue to place to stop loss under the contract low which was hit on September 11th at 13.96 an ounce. Gold futures hit a two month high in this week's trade as the U.S stock market was sharply lower as funds came out of equities and into the gold market as a flight to quality as gold is used as a safe haven as that has helped support silver prices here in the short term. Silver futures are trading above their 20 day, but still under their 100 day moving average which stands at 15.47 and for the bullish momentum to continue we have to break the 15.00 level in my opinion as I think that could happen in next week's trade so stay long and continue to place the proper stop loss. I think the volatility will come back into this market as historically speaking silver is very volatile, but that has not been the case in 2018 as I still think prices look very cheap especially compared to gold and crude oil as they are all inflationary commodities.
TREND: HIGHER - MIXED
CHART STRUCTURE: SOLID
VOLATILITY: LOW
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 the December contract settled last Friday in New York at 1,196 an ounce while currently trading at 1,206 up about $10 for the trading week but still stuck in a tight 6-week consolidation pattern and looking to break out in my opinion. Gold prices are trading right at their 20-day but still below their 100-day moving average which stands at the 1,215 level as the volatility has come to a crawl so keep an eye on this market as a breakout is looming. If prices break the 6-week high which was created on August 28th at 1,215, I will be recommending a bullish position while at the current time I am also recommending a bullish position in copper and silver as it looks to me that the precious metals are starting to come to life. Gold prices have been in a bearish trend since their high on April 11th at 1,388 is a stronger U.S. dollar and higher interest rates continue to put pressure on this market, however that may have come to an end as we have now gone sideways for quite some time as a spike bottom may have occurred around the 1,167 level on August 16th. My consolidation rule states the longer the consolidation, the stronger the move. I like to see an 11-13 week consolidation as I am certainly not recommending a position at this time as there is no trend so be patient as a powerful trend could be coming in the weeks ahead.
TREND: MIXED
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
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 December contract settled last Friday in Chicago at 2933 while currently trading at 2924 lower by 9 points for the week as the volatility remains very low. I have been recommending a bullish position from the 2803 level and if you took that trade place the stop loss under the 10-day low which stands at 2883. However, in Tuesday's trade that will be raised to 2905 as the chart structure will turn outstanding at that time as I remain bullish, however for the trend to continue we have to break the September 21st high of 2947 as I still think that is in the cards possibly next week. Low-interest rates and great corporate earnings continue to propel prices higher although this week's small setback as this is still where all the interest lies as the holiday season is right around the bend and historically and seasonally speaking that is a bullish time for stock prices. The S&P 500 is trading above its 20-day moving average and far above its 100-day as this remains the strongest trend to the upside. The U.S. economy is hitting on all cylinders, and if you take a look at crude oil prices, it broke $73 a barrel today as that tells you how well the economy is doing as strong demand for that commodity continues to push prices higher. I will be looking at adding more contracts to the upside once the risk/reward become better in your favor as that could happen on a sharply lower trading session so keep a close eye on this market.
TREND: HIGHER
CHART STRUCTURE: SOLID
VOLATILITY: LOW
Continue reading "Weekly Futures Recap with Mike Seery" →