Tag: how to trade futures

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 September contract finished the week down about $.30 to close this Friday at 20.60 ending on a positive note up about $.18 closing right near session highs as the trend is now lower hitting a 4 week low so I’m neutral this market sitting on the sidelines waiting for another trend to develop, however if you are bearish I would sell at today’s price of 20.60 while placing my stop loss above the 10 day high which was on Monday’s trade at 21.32 risking around $.70 for $3,500 per contract as the chart structure currently is very solid. I’ve was recommending a long silver futures position when prices broke above 20.02 in late June while getting stopped out last week at the 10 day low as prices have broken down as the Malaysian airliner crisis has settled down as deflation currently is in the air not inflation as the U.S dollar continues to rally against the Euro currency as many of the commodity markets have been heading lower. Silver futures are trading below their 20 but still above their 100 day moving average telling you that trend currently is mixed and if you’re not looking to sell at today’s price level I would sit on the sidelines and trade another market that has a stronger trend.
TREND: MIXED
CHART STRUCTURE: SOLID

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 September contract rallied $.35 cents this week as tensions between Israel and Hamas have sent prices to 4 month highs at 21.48 with the next major resistance at $22 as I’ve been recommending a long position when prices hit a 4 week high breaking above 20.02 about 3 weeks ago so continue to place a stop below the 10 day low as the chart structure is outstanding as that level currently stands at 20.82 risking around $.70 or $3,500 per contract at these price levels. Silver has been going higher in recent weeks as this commodity has solid demand due to electronics and many other products that currently use silver and if you’ve been following any of my previous blogs for the last several months I thought prices were extremely cheap especially compared to the rest of the commodity markets so continue to be long while placing your stop at the 2 week low as prices are trading above their 20 and 100 day moving average telling you that the trend remains higher.
TREND: HIGHER
CHART STRUCTURE: EXCELLENT

Continue reading "Weekly Futures Recap With Mike Seery" →

Isn’t It Time You Took A Look At These Two Portfolios?

Posted on by The INO.com Team

How would you like to know exactly what to do the next day with any given market and the price you want to do business at? What if the odds are amazingly in your favor when you trade and approach the market this way?

Sounds like a no-brainer.

The trading approach I'm about to share with you is one that has proven to be successful in both bull and bear markets.

If this sounds like some "pie-in-the-sky," too good to be true idea - it isn't. I have been involved with the markets for many years and this is the one approach that I have seen consistently make money. In fact, it is the genesis of my success in the markets.

This trading approach produced gains of 65.3% and 77.1% last year. Was that a fluke or just sheer good luck? How much does luck count in the market? Very little in my opinion, what really counts is having an approach that is well thought out and has proven to be successful. Once again, luck has nothing to do with that. The only lucky thing is perhaps you're reading this post and beginning to understand that there is a way to make money in any kind of market.

This well planned out approach has produced gains in one of our strategies as high as 501%, with the lowest gain being 35.3% in 2010, it has never had a losing year.

Here are the results from that approach: Continue reading "Isn’t It Time You Took A Look At These Two Portfolios?" →

Chart of The Week - E-Mini S&P 500

Posted on by The INO.com Team

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

The major US stock indices pushed into record high territory late last week ahead of the start of the second quarter earnings season. To start this week, we see equity markets on a lower track following strong US economic data last week. Japan and European shares underwent profit taking, and with a relatively light US economic calendar ahead of the release of Wednesday’s FOMC minutes, we may see a round of profit-taking following last week’s record high print.

Friday, July 4th, saw a consolidation within the previous day’s range with light holiday volume after the 7 previous sessions had finished in the green. As we open the week on a bearish note, I would look to be a seller in the September E-mini S&P 500 just below Friday’s low of 1973.50 or better. My downside objective would be just above the underlying long-term trend-line at 1950. I would place a protective stop-loss order just above Friday’s high print at 1978.00. Should the market follow through to the downside, I would roll my stop order behind the position accordingly. Continue reading "Chart of The Week - E-Mini S&P 500" →

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 August contract went out on a sour note this shortened holiday trading session down $12 at 1,318 reacting negative to the U.S jobs report which came out at 288,000 new jobs as the economy is improving as the S&P 500 hit all-time highs once again today as the money flow is coming out of gold and into equities and that has been this precious metals problem for quite some time as there is not a lot of demand for gold currently. I am sitting on the sidelines in this market but I have a couple of trading recommendations if you are bullish gold and think prices will continue to move higher buy at today’s price of 1,318 place your stop below the 10 day low of 1,305 risking $1,300 per contract and if you’re bearish gold and think that its finally topped out you would sell at today’s price while placing your stop above Tuesday’s high of 1,335 risking $17 or $1,700 per contract as the chart structure has become very tight in the last 2 weeks. As I’ve talked about in previous blogs I do believe the stock market will continue to move higher and I believe that gold here in the short term still looks negative in my opinion unless something crazy comes out of Iraq.
TREND: MIXED
CHART STRUCTURE: EXCELLENT

Continue reading "Weekly Futures Recap With Mike Seery" →