Phil Flynn: Firecracker!

Did someone light the fuse so the global economy could blow up again? Bullish dreams for oil exploded in a spectacular array of global economic worries. Forget about Hurricane Alex for the moment because the oil complex sure has. It is time to start worrying about the Euro zone, China, the end of the quarter and whether or not you can get reservations at the beach for the 4th of July fireworks. All of these issues played into yesterday massive stock market selloff. Traders worried about protecting any profits they may have and a terrible drop in consumer confidence sent the market on huge downward spiral. This raised fears of rising oil demand destruction and left traders to wonder what could governments do to stop the move and all was bleak as traders sold just about everything and went home early.


Yet good news today out of Europe and the fact that yesterday's selling was more than likely overdone is bringing the market back. The euro is a major reason why oil prices go up or down and it was under pressure in recent days as the market feared a liquidity squeeze in Europe due to the thought that the European Central Bank was going to have to lend banks more money. But it appears the banks took less money than thought. The ECB loaned banks 131.9 billion Euros (($161.4 billion) at its 3 month lending auction which was less than expecting giving a boost to the Euro and a boost in the price of oil.....Read the entire article.

Check out the new "Trend TV"

Share

Where is Crude Oil Headed on Friday?

CNBC's Matt Nesto discusses the day's activity in the commodities markets, and looks ahead to where oil is likely headed tomorrow.




Just click here for your FREE trend analysis of crude oil ETF USO

Share

The More Things Change, the More They Stay the Same

Last month, on February 10th to be exact, we shared with you the "52 Week Friday rule". We showed you that when a market is closing at a 52 week high on a Friday, you should go long. In case you missed this video, which you can watch here , we show you that when a market is closing at a 52 week high on a Friday, you should go long. The rest of the rules are in this video that you should watch as it has been working with amazing regularity. The rest of the rules are in this video that you should watch as it has been working with amazing regularity.

Apple fit the rules perfectly last Friday 3/26 at $230.97. This was an all time high close for Friday in this stock. The rules stated in the video say you should exit this market on the opening on Tuesday, the 30th of March. Having done so you have exited at $236.67 for gain of $5.70 before commissions. This represented a little over a 2% gain in just over 6 hours of market time with very little risk.
So when we hear people say that things have changed in the market and that they are completely different from what they used to be, we have to disagree. We think this is a good example why.

This trading secret came from a trader named Bill... I am keeping his last name private as Bill is a very low key guy and shuns any publicity. Using his special trading technique, Bill made millions and millions of dollars from his office. The best part is that this technique is still working more than 30 years after we learned about it. Now it's time for the next generation of traders to learn Bill's secret.

Bill didn't even have a name for this killer trading technique. So it was named "The 52 week new highs on Friday rule".

As always, our videos are free to watch and there are no registration requirements. Have you traded using the "52 Week Friday rule"? If so, let us know how it went, but regardless of whether you have or not, please leave a comment.


Get 4 FREE Trading Videos from INO TV!


Share

Where is Crude Oil Headed on Thursday?

CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks ahead to where oil is likely headed tomorrow.




Secrets of the 52 Week High Rule

Share

Crude Oil Bulls Take a Small Advantage Into The Weekend

Crude oil closed lower due to profit taking on Friday as it consolidated some of the rally off last week's low. The mid range close sets the stage for a steady opening on Tuesday.

Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near term. If March extends the rally off last week's low, the reaction high crossing at 78.04 is the next upside target.

First resistance is Thursday's high crossing at 75.69.
Second resistance is the reaction high crossing at 78.04.

First support is last Friday's low crossing at 69.50.
Second support is September's low crossing at 67.46.

How To Find Winning Trades In Any Market

Natural gas closed higher on Friday as it extended this month's trading range. The high range close sets the stage for a steady to higher opening on Tuesday.

Stochastics and the RSI are turning neutral to bullish hinting that sideways to higher prices are possible near term. Closes above the reaction high crossing at 5.680 or below 5.060 are needed to confirm a breakout of the aforementioned trading range.

First resistance is today's high crossing at 5.556
Second resistance is Monday's high crossing at 5.680

First support is today's low crossing at 5.204
Second support is January's low crossing at 5.060

Learn to Trade Forex in Just 90 Seconds!

The U.S. Dollar closed higher on Friday as it consolidates above the 38% retracement level of the 2009-2010 decline crossing at 79.71. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are diverging but are turning neutral signaling that sideways to higher prices are possible near term.

If March extends this winter's rally, the 50% retracement level of the 2009-2010 decline crossing at 81.32 is the next upside target. Closes below the 20 day moving average crossing at 79.24 are needed to confirm that a short term top has been posted.

First resistance is today's high crossing at 80.83
Second resistance is the 50% retracement level of the 2009-2010 decline crossing at 81.32

First support is the 10 day moving average crossing at 79.99
Second support is the 20 day moving average crossing at 79.24


Get 4 FREE Trading Videos from INO TV!


Share

Crude Oil, Natural Gas and U.S Dollar Commentary For Wednesday Evening

Crude oil closed lower on Wednesday and below the 87% retracement level of the December-January rally crossing at 73.95. The mid range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signal that sideways to lower prices are possible near term.

If March extends today's decline, December's low crossing at 72.45 is the next downside target. Closes above the 20 day moving average crossing at 79.40 are needed to confirm that a short term low has been posted.

Crude oil pivot point for Wednesday evening is 73.83

First resistance is the 10 day moving average crossing at 76.94
Second resistance is the 20 day moving average crossing at 79.40

First support is today's low crossing at 72.65
Second support is December's low crossing at 72.45

Get Started Trading Now…..With 10 FREE Trading Lessons

Natural gas closed lower on Wednesday and below trading range support crossing at 5.327. The low range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near term.

If March extends today's decline, the 62% retracement level of the December-January rally crossing at 5.114 is the next downside target. Closes above the 20 day moving average crossing at 5.622 are needed to confirm that a low has been posted.

Natural gas pivot point for Wednesday evening is 5.280

First resistance is broken trading range support crossing at 5.327
Second resistance is the 10 day moving average crossing at 5.559

First support is today's low crossing at 5.182
Second support is the 62% retracement level of the December-January rally crossing at 5.114

Just click here for your FREE trend analysis of natural gas ETF UNG

The U.S. Dollar closed higher on Wednesday as it extends this month's rally. The high range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish signaling that sideways prices are possible near term.

If March extends this month's rally, the 38% retracement level of the 2009-2010 decline crossing at 79.71 is the next upside target. Closes below the 20 day moving average crossing at 77.87 would confirm that a short term top has been posted.

First resistance is today's high crossing at 79.01
Second resistance is the 38% retracement level of the 2009-2010 decline crossing at 79.71

First support is the 10 day moving average crossing at 78.05
Second support is the 20 day moving average crossing at 77.87

Just click here for your FREE trend analysis of the U.S. Dollar ETF UUP

Share

Large Part of Crude Rally Was Due to Investment Flow

Commodity prices stay strong in European session as USD retreats against major currencies. The benchmark contract for gold climbs to 1113 and is likely to record a third day of increases. On weekly basis, the yellow metal is anticipated to gain for the first time in 5 weeks.

Base metals stay strong after rallying for 2 weeks. While the LME is still closed, copper futures in Comex and Shanghai Futures Exchange (SFE) advance. Strong industrial production in Japan and labor action in copper mine suggest supply/demand condition to tighten further.

Copper price April delivery on the SFE surged to a 16 month high at RMB 59180 (+2.3%) after Japan's IP report, the contract closed at RMB 5830, up +1.1%, for the day. In Chile, workers at Codelco's Chuquicamata mine decided to go on strike next month as they are discontent with the company's wage offer. The company offered a +3.8% wage increase and benefits worth 14.5 peso to sign a new 3 year contract but this has been rejected by the workers already.....Read the entire article.

How To Find Winning Trades In Any Market

Share

Where is Crude Oil Headed on Tuesday?

CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks ahead to where oil is likely headed tomorrow.




Gold ETF Trading System

Share

Are You Laughing or Crying About The Markets?

There’s no question about it, the markets can be very difficult at times. On the other hand, you can laugh all the way to the bank if you approach the markets in a systematic way.

I was looking once again at the S&P 500 and many people have said the market has gone up, not on the fundamentals, but on the perception that things are going to be better. Perception is one of the most powerful elements of the market. I would say that perception trumps both the fundamental and technical.

So what’s going to happen to the S&P 500? Is it going to continue going higher for the rest of the year, or are we close to a turning point?

In our new short video, we outline several key areas that this market is fast approaching. These levels could be the Achilles heel for this market and potentially set the direction for the rest of the year.

Just Click Here to watch the video and as always, the videos are free to watch and there is no need to register.

Please take a minute to leave a comment and let us know what you think of the video and the direction of the SP 500.

The Buy and Hold Myth.....Is Buy and Hold Back?

We have been thinking about one of the oldest myths about trading, "the buy and hold myth". Everyone has heard the buy and hold logic....but how about the other side of the argument? While this strategy has worked in certain markets at certain times, we do not believe we are in a time frame where this strategy is going to meet with a lot of success.

The world around us is changing rapidly and therefore it is important to have strategies that can change with this new regime.

In today’s video we are going to show you how the buy and hold strategy is flawed when you compare it to our “Trade Triangle” technology. I think you will be surprised at the results and how well you can do using this simple approach to markets.

There is no need to register for this video and of course you can watch it with our compliments. I highly recommend watching this video today, otherwise you risk missing out on what could be the move of the year.

Just Click Here to enjoy the video and please leave a comment to tell us what you think of the video and the buy and hold myth.

Technical Analysis for Energy Markets

The key support level for the ascending channel remained intact in front of the crude oil's constant attempts to decline, to push the price to the upside and halt at correction level 67.8% for the last downside wave, seen in the image above. It appears that a constant slant is towards the upside; thus, continuing the general upside within the main ascending channel (shown in the secondary image), while taking into consideration that achieving this upside requires some key terms; first one being the breach of level 71.15 (correction 67.8%), the second is breaching the minor resistance level 72.40 (resisting the minor descending channel, which could force the price in declining once again), and the third being the most.....Read the entire article with charts

Where is Oil Headed Next Week

CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks at where oil is likely headed next week.





How To Spot Winning Futures

US Moves to Shackle Oil Speculators

The solution to perceived market manipulation is overt market manipulation. That's what federal regulators are saying with Tuesday's announcement that they will consider curtailing "excessive speculation" in energy markets. The move comes in response to last year's spike in oil prices, which soared to a record $145 a barrel a year ago next week and pushed gasoline prices above $4 at the pump in many parts of the country. Since the start of this year.....Complete Story

A Good Trading Education = a Good Trader = Good Profits….Watch INO TV