Showing posts with label INO TV. Show all posts
Showing posts with label INO TV. Show all posts

Friday, August 16, 2013

Adam weighs in ...... Is Gold Indicating Trouble Ahead?

Is it time to go long gold in a big way? Our trading partner Adam Hewison, President of INO.com and Co-creator of MarketClub, has come out with his call on gold for the near term. Are you trading with him or against him?.....

As another trading week comes to a close, it is worth noting that gold is closing at a nine week high for a Friday. I believe that this is a significant event, and believe that gold has now put in a base to move higher later this year and next year.

It's a little ironic that hedge fund traders, like George Soros, recently divested themselves of their long gold positions, as it now appears that the market has put in a major base and wants to move higher.

Our long term monthly Trade Triangle for gold continues to be in a negative mode. However, this Trade Triangle [click here to get a free trial of Adam's Trade Triangle technology] is slowly beginning to flatten out and I would not be surprised to see it change to green in the not too distant future. In today's report, I will be covering gold and a gold stock that you may want to trade, as it flashed a major buy signal today.

I will also be covering some very interesting stocks that I think have potential on the upside after their recent correction from their highs, as well as my analysis of the major markets and what I am looking for in next week's market.

Have a great trading day and a super weekend,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

P.S.  Click here to check out Adam's INO TV. It's FREE!



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Wednesday, October 26, 2011

Crude Oil, Natural Gas and Gold Markets Summary For Wednesday October 26th

Crude oil closed lower due to profit taking on Wednesday as it consolidated some of this month's rally. The low range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are overbought but are neutral to bullish signaling that sideways to higher prices are possible near term. If December extends the rally off this month's low, the 50% retracement level of the May-October decline crossing at 95.32 is the next upside target. Closes below the 20 day moving average crossing at 84.99 are needed to confirm that a short term top has been posted. First resistance is the 50% retracement level of the May-October decline crossing at 95.32. Second resistance is the 62% retracement level of the May-October decline crossing at 100.08. First support is the 20 day moving average crossing at 84.99. Second support is the reaction low crossing at 83.40.

Natural gas was lower Wednesday while extending this month's trading range. Stochastics and the RSI are diverging but neutral signaling that sideways trading is possible near term. Closes above last Monday's high crossing at 4.039 are needed to confirm that a short term low has been posted. If December renews this year's decline, monthly support crossing at 3.225 is the next downside target. First resistance is the 25% retracement level of the June-October decline crossing at 4.133. Second resistance is the 38% retracement level of the June-October decline crossing at 4.336. First support is this month's low crossing at 3.747. Second support is monthly support crossing at 3.225.

Gold closed higher on Wednesday as it extends the rally off September's low. The high range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are diverging but turning bullish signaling that additional strength is possible near term. If December extends the rally off September's low, the 62% retracement level of the 2008-2011 rally crossing at 1775.20 is the next upside target. Closes below last Thursday's low crossing at 1604.70 would confirm that a short term top has been posted. First resistance is the 50% retracement level of the 2008-2011 rally crossing at 1729.40. Second resistance is the 62% retracement level of the 2008-2011 rally crossing at 1775.20. First support is last Thursday's low crossing at 1604.70. Second support is September's low crossing at 1535.00.


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Tuesday, October 25, 2011

Phil Flynn: The Dead Spread

Trying to explain the impact of the death of Moammar Ghadfi on oil might best be described as what I guess can now be called the "Dead Spread". Oh sure, you used to be able to call it the Brent crude oil West Texas intermediate spread but the way the spread has come in since the death of the murderous dictator, I guess "The Dead Spread" might be entirely appropriate.

The Brent/WTI spread almost became a household word in the conflict between Gaddafi loyalists and the Libyan rebels. Libyan crude is of a very high quality oil that found its nitch in Europe subbing for the production challenged North Sea brent crude. The loss of that crude created a void because European refiners accustomed to a regular flow of light crude failed to have the type of units needed to refine those heavier grades. The loss of that crude caused the Brent/WTI spread to go to a record high. Now coincidentally or not, the spread has come in dramatically since Mr. Gaddafi's demise.

In fact the spread has come in from an all time high of approximately $28.07 to a mere $18.97 as of this writing. With Gaddafi out of the way the hope is that Libyan oil will once again fill that void. Well early on that is even going beyond hope. Yesterday ENI told Dow Jones that the big elephant in the room, or Libya's giant Elephant oil and gas field in Libya, could restart as early as next month and that there was "no big damage". That field accounts for almost 25% of Libya's natural gas output. A resumption of that much oil that soon obviously could ease concerns that it will take "years" to get Libyan oil production back up to normal.

That not to say that there are not some tensions as Dow Jones reports of a strike at Waha Oil Co., Libya's largest oil partnership with foreign companies, is entering its eighth week after a failure to reach an agreement over the dismissal of Gaddafi era managers, staff at the company said. Dow Jones says, "Unrest at Waha, on which U.S. partners Marathon Oil Corp. (MRO), Hess Corp (HES) and ConocoPhillips (COP) have previously declined to comment, is part of broader strife at some oil operations. It underscores the challenges still facing the country's oil industry despite the death of former ruler Moammar Gadhafi last week."

Yet at the same time the WTI has found strength as the US economy looks stronger than Europe and the decline of crude stocks at Cushing, Oklahoma, the delivery point for the Nymex WTI futures. While the world waits for Europe, data seems to suggest that the sparing over Greek haircuts (no, I am not talking about Telly Savalas) and bank rescue funds has zapped the confidence of Europe, increasing the odds of a recession.

It seems that market are also reacting to the spread sending light sweet crude to Europe as opposed to the formally oversupplied US. Gas and Oil Daily says, "Oil stockpiles in Cushing dropped 760,000 barrels to 28.1 million. The Energy Department said last week that Cushing inventories, including floating and fixed tanks, totaled 31.1 million barrels as of October 14th, down 26% from a peak of 41.9 million on April 8th." Bloomberg News says that crude oil inventories in Cushing, Oklahoma, dropped 2.6 percent on Oct. 21 from Oct. 18, according to data compiled by DigitalGlobe Inc.

They say that stockpiles held in floating roof tanks at the hub fell 760,000 barrels to 28.1 million, satellite images taken by the Longmont, Colorado based company show. In other words, the market forces are starting to correct the anomaly between the spread as oil is seeking higher prices. That is reducing Cushing supply and more than likely increasing European supply.

What is also helping is that we are seeing an increase in Nigerian exports as well. Nigeria also has the very desirable light sweet grade of crude oil. Dow Jones says that Nigeria will export 7,950,000-barrel cargos of Bonny Light in December, one more cargo than in November. They report a total of 214,516 barrels a day of QuaIboe crude will be available in December, compared with 157,000 barrels a day in November, the program shows.

This should put more pressure on "The Dead Spread" as well. It also put the WTI market in backwardation for the first time since the financial crisis began. It seems that the market is worried that with all the oil ending up in Europe, supplies may tighten in the US. It is also showing a vote of confidence in the US economic growth outlook or at least a more pessimistic outlook for Europe.

Also with oil on fire yesterday William Dudley of the Fed, fed into the flames talking about QE3D! QE is bullish for oil and with the Dead spread out of whack we could see WTI try to attract supply. While WTI flies gas prices were mute as the Brent crude should help US imports of products. Mr. Dudley is sending a signal to the market that QE is back in play and most likely will be in the form of printing money to buy back mortgage backed securities. Very bullish for WTI oil!

The Energy Information Agency has some good news I suppose. They said that the national average retail price of regular gasoline is down 1.4c to $3.462 a gallon. Yahoo! Now not that I want to ruin that god feeling you had but they also want to remind you that prices are still 64.5c a gallon, or 22.9%, higher than they were a year ago.

Want some news that might warm your heart? Reuters News points out that the average of the first 12 months of New York Mercantile Exchange natural gas futures contracts slid to its lowest in nine years on Monday as growing supplies and moderate weather weighed on the complex. The 12 month futures fell 2.3 cents to settle at $3.923 per million British Thermal Units, the lowest settle since Nov. 15, 2002, when the average closed at $3.926, Reuters data showed. Despite record heat this summer that drove NYMEX front month gas to its 2011 peak near $5, record high gas production, primarily from shale, has been the main factor pressuring price expectations.

Phil Flynn

Get a trial of Phil's trade levels and elected option plays. Just email him at pflynn@pfgbest.com.

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Saturday, October 22, 2011

Crude Oil Rises On Hopes of Euro Zone Deal

Crude oil futures rose Friday amid high hopes going into a weekend summit of European leaders working to resolve the sovereign debt crisis, following equities and the euro higher.

Prices jumped as trading opened in New York and were up as much as 3% in midmorning trade before settling back. Light, sweet crude for December delivery ended the day up $1.33, or 1.6%, to $87.40 a barrel on the New York Mercantile Exchange. Brent crude on the ICE Futures Europe exchange settled 20 cents lower, or 0.2%, to $109.56 a barrel.

Traders and analysts said the market rose on the belief that European leaders will finally put forth a comprehensive settlement to the European credit crunch that has plagued markets on and off for the last year and a half. Government and finance officials were to hold a series of meetings in Brussels this weekend; French President Nicolas Sarkozy and German Chancellor Angela Merkel issued a joint statement saying they would put forth a plan by Wednesday......Read the entire Rigzone article.


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Wednesday, June 15, 2011

Market Update For Wednesday 6/15/2011

Here's a brief summary of what's in today's video and what's happening right now in the major markets:

- SP 500: -70. The market action today can only be described as negative. A score is now -70 and our downside target for this market is 1250. Major downside support is at 1250.

- Silver: -70. I would watch this market very carefully today as I feel that it is probably at the lower end of its range. We would use the Donchian Channels along with the fact that this market is oversold and expect to see a bounce from current levels. Major Support at 34.00.

- Gold: +70. Gold is currently oversold and we expect to see this market balance sometime in the near future. We would not be surprised to see further sideways action but we want to be long this market as the Donchian channel comes in at 1503. Major support at 1,500.

- Crude Oil: +55 Trading range. This market continues to pound out a base to go higher. Long term indicator remains positive. Support coming into this market at $96/barrel. This market is currently oversold and choppy.

- The Dollar Index: -55. Despite today's strong dollar rally in the index, the longer term and mid-term Trade Triangles remain negative. Resistance now at 76.50. The dollar index is now in overbought territory. Minor support at 73.50 and major support at 73.00.

- Reuters/Jefferies CRB Commodity Index: +55. This index is now beginning to reach an oversold condition and we may see further backing and filling-in softness. Near-term resistance at 350.00. Minor support at 340. Major support at 335.00. Trading range.

The big question is are we going to close lower seven weeks in a row in the major indexes. Many people trading the markets now have not seen the classic bear market which does not give you a chance to get out. Several of our major long-term indicators are close to turning negative and when they do we would recommend moving into an all cash position for hitting any portfolio you might have in stocks.

See what you can do to protect your portfolio and to watch Adam analyze these markets click here for instant access to INO TV.



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Wednesday, October 20, 2010

Brian Shactman: Where is Crude Oil and Gold Headed on Thursday?

CNBC's Brian Shactman discusses the day's activity in the commodities markets, and looks ahead to where oil and gold are likely headed tomorrow.



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Tuesday, June 15, 2010

Crude Oil Stochastics-RSI are Becoming Overbought But Remain Bullish

Crude oil was higher overnight as it extends last week's rally. Stochastics and the RSI are becoming overbought but remain bullish signaling that additional short term gains are possible.

If July extends the rally off May's low, the 50% retracement level of May's decline crossing at 78.46 is the next upside target. Closes below the 20 day moving average crossing at 72.73 would confirm that a short term top has been posted.

First resistance is last Friday's high crossing at 75.42
Second resistance is the 50% retracement level of May's decline crossing at 78.46

Crude oil's pivot point for Tuesday morning is 75.05

First support is the 10 day moving average crossing at 73.71
Second support is the 20 day moving average crossing at 72.73


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Monday, December 28, 2009

Tuesday, November 10, 2009

New Video: How Long Will The Dow Stay Bullish?


The Dow jumped to new highs for the year, extending its gains from the lows seen in March.

What does this mean for the future?

The Dow is now within 100 points of being into thin air as it has retraced close to 50% of its down move. The NASDAQ has already done this, and the S&P 500 has come very close to achieving this goal. Clearly the trend continues to be positive for the Dow with today’s new highs. The other two indices, while closing very well and on an upbeat note, must clear their previous highs to start another push to the upside. It remains to be seen whether or not that will take place.

Clearly this is an emotional market that’s been driven more by sentiment then hard economic news.

Having said that, one must take into consideration the perception of the marketplace, and as of right now that perception continues to be friendly towards the long side of these markets.

In our new video we show you some of the key points to look at in terms of where these markets could potentially break down, and possibly reverse to the downside.

Just Click Here to watch the video, and as always please feel free to leave a comment and let us know where you think the Dow is headed.


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Friday, September 4, 2009

Get The Teachings That Hedge Funds Pay For


When major hedge funds need advice they turn to Dan Gramza for the help they need to turn their financial situation around. Today you have the same access to Dan that the big players pay money for...but you get it complimentary!

I've watched Dan's presentation and it's one that will open your eyes. Dan and INO have teamed up to give you access to Dan and his insights. So if you'd like to learn from one of the best visit INO TV today and check out his material:

Just Click Here to see this great video from INO tv!

Thursday, August 6, 2009

Crude Oil Closes Higher Extending This Weeks Rally


Crude oil closed slightly lower on Thursday as the market extends this week's trading range. The high range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near term.

If September extends the rally off July's low, the reaction high crossing at 74.25 is the next upside target. Closes below the 20 day moving average crossing at 66.28 would confirm that a short term top has been posted.

First resistance is today's high crossing at 72.42
Second resistance is the reaction high crossing at 74.25

First support is the 10 day moving average crossing at 69.02
Second support is the 20 day moving average crossing at 66.28

Why is INO TV the Logical Choice?

Natural gas closed sharply lower on Thursday as it consolidated some of this week's rally. The low range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral hinting that a short term top might be in or is near.

Closes below the 20 day moving average crossing at 3.747 would confirm that a short term top has been posted. If September extends the rally off July's low, June's high crossing at 4.716 is the next upside target.

First resistance is Monday's high crossing at 4.16
Second resistance is June's high crossing at 4.72

First support is the 20 day moving average crossing at 3.75
Second support is the reaction low crossing at 3.46

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Monday, July 27, 2009

Every So Often......You Get The Key to The Market


Every so often something comes along in the financial world that is very special. Today is one of those days.

The good news is it’s coming from a world class company that has being on the web since 1995, so you know it’s valid.

Here’s what all the buzz is about. We call it INO TV, you may call it your key to profits. Now I don’t say that lightly, making money in the market is serious business and requires specific skills. Arming yourself with these skills is your key to success.

That’s where INO TV comes in.

For a limited time only, we are offering a complimentary pass to INO TV. Why are we doing this? Here’s the reason, we know that you will benefit from all these great skill making trading videos and want to share them with your friends.

If you don’t tell your friends right away they will end up having to pay for the service. That’s where we are going to our make our money. Your friends will have to pay for this service in the future if you don’t tell them about it today.

Here’s the link to the latest trading skills video, you won’t want to miss this one.

Wednesday, July 1, 2009

Crude Oil Closes Lower After Whipsaw Day of Trading

Crude oil closed lower due to profit taking on Wednesday as it extended Tuesday's decline. The low range close sets the stage for a steady to lower opening on Thursday.

Despite today's setback stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near term. Closes above the reaction high crossing at 72.85 are needed to confirm that a short term low has been posted.

If August crude oil renews last week's decline, the 38% retracement level of this spring's rally crossing at 62.25 is the next downside target.

First resistance is Tuesday's high crossing at 73.38
Second resistance is this month's high crossing at 73.90

First support is last Tuesday's low crossing at 66.37
Second support is the 38% retracement level at 62.25

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Friday, January 9, 2009

The Trade Triangle - Trade The Market, Not The Economy

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What do we mean when we say... trade the market and not the economy? It may sound like we are saying to trade the same thing... but in many cases they're different. The difference is that the market is driven by fear and greed, while the economy is driven by fundamentals. Our "Trade Triangle" technology allows us to analyze the market... leaving the fundamentals and our own emotions at the door. Let's look at some of the major markets and see which direction the trend is headed.

* The equity markets are still in a negative trend.

* Crude oil is still in a negative trend.

* Gold is in an erratic upward trend.

* The dollar is also in an erratic upward trend.

All of these markets are still in entrenched trends and there is no reason to suggest that they will be reversing anytime soon.

We have just finished a short video on crude oil (NYMEX:CL). This market is making moves, which we will tell you all about using the "Trade Triangle" technology.

We recently received a trading signal in this market which I think is an important one. You will also get a chance to see several of the previous signals that were issued. The video is definitely worth watching for that benefit alone.

The silly season which we talked about in December is rapidly coming to a close. We would expect that the volume and liquidity will return to the markets by the 15th of January. So get ready... cause there is money to be made.

Click Here To Enjoy The Video

Trade the market and not the economy.

Monday, December 29, 2008

Jump Start Your Trading, Get Market Club Today

For those of you that have not given it a try, MarketClub is a tool that I use as well as thousands of other self directed traders use. Here is a link that gives you 2 free months.

Click here to see what helps me succeed

Also, INO will be adding dozens of top experts and might be raising the price in the New Year, so get a yearly membership and take advantage of the new authors to be added in 2009.

Click here to take advantage of 2008 INO.Com pricing

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