Tag: risk management

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 April contract settled in New York last Friday at $1,164 an ounce while currently trading at 1,156 down about 8 dollars for the trading week in a relatively nonvolatile trading session still trading below its 20 and 100 day moving average telling you that the trend is to the downside as I have been recommending a short position as of last Friday and if you took that trade place your stop loss above the 10 day high which currently stands at 1,214 risking around $2,400 per mini contract, however the chart structure will start to improve dramatically next week lowering the stop loss. The problem with gold at current time is the fact that the U.S dollar is sharply higher this week once again continuing to put pressure on the commodity markets as I don't see that trend stopping anytime soon as the next level of support is 1,130 – 1,140 & if that level is broken you would have to think that gold prices will trade below 1,100 and if you look at platinum prices they are hitting another contract low so I think gold will catch up to platinum to the downside. 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 April contract are trading far below their 20 and 100 day moving average telling you that the trend is to the downside after settling last Friday at 1,213 while trading at 1,172 down $22 this Friday afternoon as the monthly unemployment report was construed as bullish sending gold to a 9 week low. The U.S dollar is hitting another contract high up 110 points putting pressure on the precious metals as I'm currently recommending a short position in the mini contract which is $33 for every dollar move while placing your stop above the 10 day high which currently stands 1,223 risking around 50 points or $1800 per contract plus slippage and commission. 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 April contract are currently trading at 1,212 up around $3 an ounce while settling last Friday at 1,205 finishing up $7 in a relatively quiet trading week. Gold futures are trading below their 20 and 100 day moving average as I’ve talked about in many previous blogs I do think gold is now being used as a currency due to the fact that the Euro currency and many foreign currencies are absolutely falling out of bed as interest rates in many countries have gone negative so who wants to place money into a bank and lose money as investors are looking at gold which has no dividend but still it’s better than a negative return. 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 April contract settled last Friday at 1,227 while currently at 1,207 down about $20 for the trading week still trading below their 20 & 100 moving average telling you that the trend is to the downside as prices have hit a 6 week low. I am currently sitting on the sidelines awaiting better chart structure to develop as investors continue to put money into the equity market as gold seems to be entering into a bearish trend once again in my opinion. The next level of major support is around the 1,180 level and if that level is broken I would have think that a retest of the contract low which was hit in early November 2014 could be in the cards so keep a close eye on this trade because a trade could be coming if chart structure improves and that could happen next week. 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 April contract are up $13 this afternoon in New York currently trading at $1,233 an ounce after settling last Friday around $1,235 basically unchanged for the trading week still right near 4 week lows is I’m recommending investors to sit on the sidelines in this market as the trend is currently mixed. Gold futures are trading below their 20 but just barely above their 100 day moving average as the S&P 500 had a terrific week as the Dow Jones cracked 18,000 to the upside as that’s where the interest lies currently as the next major level of support is between $1,180 – $1,220 but sit on the sidelines as the chart structure is absolutely terrible at the current time. If you have followed any of my previous blogs I constantly stress the fact to avoid markets that are choppy as I think the success rate is very low unless you are some type of day trader but I hold positions overnight so look for another market that is beginning to trend and keep an eye on gold as I don’t think we will be trading this market for quite some time. The U.S dollar is still right near 11 year high and that’s always pessimistic commodities in general especially the precious metals but at the current time I just don’t have an opinion on this market as I think we will chop around in the short term.
TREND: MIXED
CHART STRUCTURE: POOR

Silver Futures

Silver futures in the March contract are up $.55 this afternoon still trading below their 20 but above their 100 day moving average telling you this trend is mixed as I’m also advising traders to sit on the sidelines in this market as we were stopped out at the 2 week low around 16.71 last Friday as this market remains extremely volatile but prices continue to move sideways. Continue reading "Weekly Futures Recap With Mike Seery" →