FREE: Sneak peek
It’s not often that I get the chance to say that I am WOWed
by a new product. The last one was the iPhone from Apple
(NASDAQ:AAPL).
But the truth is, I really am WOWed about this new product.
For the past six months our IT department, along with
our content media division, has been working hard in
developing and putting the finishing touches on INO TV.
So what is INO TV?
INO TV is the fastest, easiest, most intuitive way for you
to improve your trading.
Thanks to the internet, INO TV delivers streaming trading
seminars right to your computer. With INO TV you have
instant access to over 150 gurus, and over 500
trading seminars with just the click of your mouse.
It all streams directly to your computer…
now how cool is that?
Thanks to INO TV your traveling days to out of town trading
seminars are over. Forget expensive hotels and the hassle of
having to go through metal detectors and then take off your
shoes to fly to some strange city. That’s all in the past, thanks
to INO TV.
INO TV is instant, it’s 24/7 and it’s available now.
Can’t sleep and it’s 2 am in the morning? Take in a seminar
on INO TV. It may not put you back to sleep, but at least
you will learn something valuable.
I could go on, but I decided to have Lindsay from our
company show you exactly how INO TV works in this 5 minute
video. Lindsay, does a great job covering all the INO TV
bases.
Watch it with my compliments.
Just tap here and start watching right away.
I’ll see you on INO TV.
Adam Hewison
President, INO.com
Oil Prices Close at New High Above $100
NEW YORK (AP) — Oil futures surged to close at a new record Tuesday as traders focused on supply concerns and a bullish stock market rather than renewed signs of a shaky U.S. economy.
Crossing the psychologically significant $100 mark once again — oil prices previously crossed that hurdle last week — in itself may have helped fuel the rally by triggering computer programs set to buy at certain levels and enticing new speculators into the market, said Jim Ritterbusch, president of energy consultancy Ritterbusch and Associates in Galena, Ill..gif)
"You see additional buying among people who think they’re missing something," he said. "Any time you move above ($100 a barrel), you’re going to ignite some fresh buying."
Light, sweet crude for April delivery jumped $1.65 to settle at $100.88 a barrel on the New York Mercantile Exchange. At one point in the session, prices surged as high as $101.15.
Investors who recently were selling on weak economic data seemed to take a spate of bad news in stride.
The Conference Board, a business-backed research group, reported its Consumer Confidence Index fell to the lowest since February 2003, far below what analysts had been expecting, indicating that consumers might continue to curb their spending in the coming months.
Meanwhile, the Labor Department reported that wholesale inflation jumped 1 percent in January, more than twice what analysts had been forecasting. That report, coupled with the consumer confidence index, pointed to an economy that is slowing even as prices are rising.
And Standard & Poor’s added to homeowners’ angst when it said its quarterly home price index tumbled 8.9 percent in the final quarter of 2007 — the indictator’s sharpest decline in its 20-year history.
But traders in both the energy market and the stock market, which also advanced, seemed largely unfazed.
"We’re seeing a solid tone to the stock market," Ritterbusch said. "I think the oil market is using the stock market as a proxy for future economic activity."
Last week, March oil rallied to a new settlement record of $100.74 and a new trading record of $101.32 before the contract expired.
Hedge funds looking to cover future positions and foreign buyers, who because of the weak dollar can still lock in oil prices at a relative bargain, may have helped accelerate the day’s buying, said Adam Hewison, president of INO.com, a financial Web site that specializes in futures trading.
"In euro terms, oil is not that expensive, and it’s likely to go even higher," Hewison said.
Also supporting prices were concerns about supply disruptions from unrest in Iraq, a major oil exporter, and warnings by Iran against further international sanctions. Turkish ground forces pushed their offensive against Kurdish rebels deeper into the north of Iraq, seizing seven guerrilla camps, officials said.
Oil has risen in recent days amid an increase in speculative buying, with some traders believing that global demand will be high enough to support higher crude prices even if the U.S. economy is slowing. That thesis will be put to the test Wednesday, when analysts expect the U.S. Energy Department’s Energy Information Administration to report that the nation’s crude stocks rose for the seventh week in a row.
The government inventories report also is expected to show supplies of distillates, which include heating oil and diesel, fell by 1.8 million barrels last week, according to a Dow Jones Newswires poll of analysts. Cold weather across the Midwest and Northeast has also helped push heating oil prices higher.
On Tuesday, heating oil futures gained 2.97 cents to settle at $2.8150 a gallon, after earlier setting a new trading record of $2.8188 a gallon.
Gasoline prices rose 0.8 cents to settle at $2.5505 a gallon. Gas prices at the pump rose to $3.142 from $3.137 Monday, according to AAA and the Oil Price Information Service.
The EIA report also is expected to show that crude oil stocks rose last week by 2.4 million barrels, which would be the seventh straight week of gains. Gasoline inventories are expected to rise by 400,000 barrels.
Natural gas futures rose 2 cents to settle at $9.206 per 1,000 cubic feet. Earlier, Gazprom, Russia’s natural gas monopoly, again threatened to cut supplies to neighboring Ukraine, according to Russian news agency reports.
In London, Brent crude futures rose $1.78 to settle at $99.47 a barrel on the ICE Futures exchange.
Government Mandates = Record Highs??
Trader,
I’ve wanted to do a posting about this for quite a while, but haven’t had the chance…until now!
What’s driving up the price of Wheat and Crude Oil??
Is it SUV’s? Could it be that Americans HATE bread? Are there enough barrels of oil?
Well it could be any of those things, but one thing in particular has been a BIG contributing factor…Bio Fuel Mandates.
The reality is Corn, the key ingredient in ethanol, is more profitable for the farmers to farm due to the heavy subsidization. Therefore the price of Wheat is going up, up, up because the supply is going down, down, down…it’s simple economics yes…but how do we profit from it??
The chart above shows exactly how…Get LONG on the GREEN and EXIT on the RED. The above chart screen capture was taken at 1pm est live, so this could continue to go higher and continue with the profits…or it could hit a stop and lock in your profits in that trade.
So how do Government Mandates affect Crude Oil?
I don’t have enough space to write about it all!!! But I do have room to tell you how to profit from it:
The chart above shows exactly how…Get LONG on the GREEN and EXIT on the RED. The above chart screen capture was taken at 1pm est live, so this could continue to go higher and continue with the profits…or it could hit a stop and lock in your profits in that trade.
————————-
**Your Feedback**
————————-
What I’m doing is keeping records of NEW and OLD Government Mandates and how they can/will effect the trading markets both Futures and Stock related for a future blog posting. So if you know of any mandates, and you’re curious how they can/will effect your markets, post a comment to this posting and I’ll get to work on it.
OH, and if you want to learn more about the charts above and the buy and sell signals see link below for a few free videos explaining how they work:
Have a GREAT trading day/week/year!
All my best,
