Weekly Futures Recap With Mike Seery

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

The silver price for the March contract settled last Friday in New York at 16.13 an ounce while currently trading at 16.76 up about 60 cents for the trading week due to the weakness in the U.S. dollar also coupled with a higher than expected CPI inflation report sending silver prices near a two-week high. I'm not involved in silver & if you have read my previous blogs, you understand that longer-term I am bullish silver as I think its extraordinarily cheap and if you're not a trader but an investor I still think prices will head into the $20 level later this year. Silver prices are still slightly below their 20 & 100-day moving average as this market really has been choppy over the last six months with very little trend. I think that will change as I will not take a short position as I do think the downside is very limited. The U.S. dollar hit a three-year low this week as that is helping keep a floor under silver prices and many other sectors, but for the bullish momentum to continue prices have to crack the 17.50 level as the volatility is starting to increase and should become more violent down the road. Growth in the United States and worldwide is coming back as the tax cuts will certainly push the economy higher in my opinion coupled with the fact of the massive infrastructure plan which is going to help lift commodities. I do think almost all asset classes will continue to climb as the stagnant economy is behind us the 1st time in nearly a decade.
TREND: MIXED
CHART STRUCTURE: POOR
VOLATILITY: INCREASING

Continue reading "Weekly Futures Recap With Mike Seery"

No Bitcoin ETF Yet, But There Are Blockchain ETFs

Matt Thalman - INO.com Contributor - Blockchain ETFs


While the Securities and Exchange Commission has yet to approve an actual Bitcoin ETF, it is allowing investors to buy shares of ETF’s which are focused on the technology which makes cryptocurrencies tick, the blockchain.

After the explosion of Bitcoin back in the fall when the price of one coin jumped from around $4,000 to over $19,000, a number of different companies began clamoring to get involved in cryptocurrencies directly or just in the blockchain technology, and that is where these Exchange Traded Funds are focused. The thinking is that while you may not want to invest directly in a cryptocurrency, you may still want exposure to it through the businesses that help it operate.

For example, you could buy Square Inc. (SQ), the payment processing company that a few weeks ago announced it would now allow customers to pay with Bitcoin. Or perhaps it is through a less direct method of buying shares of NVIDIA (NVDA), the semiconductor company, which produces the microprocessors that are needed to make cryptocurrencies a reality. Or lastly, perhaps it just a previous beverage company, Long Island Iced Tea Corp. that now wants to get into blockchain and changes its name out of the blue to Long Blockchain Corp. (LBCC).

The first blockchain ETF to hit the market was Continue reading "No Bitcoin ETF Yet, But There Are Blockchain ETFs"

S&P 500 Has Best Week Since 2011

Hello traders everywhere. After a tumultuous few weeks, the S&P and the NASDAQ are set for their best week since December 2011, while the DOW is on track for its best week since November 2016. This is quite the turnaround after we saw record-breaking drops in the markets just last week, but it seems that most traders just shrugged off the correction and went into buy mode.

All three indexes are now trading back above the 50-day SMA and looking to continue higher as a bullish sentiment enters back into the markets. In fact, with this weeks move up the S&P 500 is only 4% lower from it's all-time of 2872.87. That a pretty incredible and quick recovery from the 11.8% drop, last week at it's lowest point.

best week

Crude Oil

Crude oil headed for its first weekly gain since last month as the rising stock market eased concern about economic growth. A weakening dollar has boosted the appeal of commodities priced in the U.S. currency. Crude oil has once again made it's way above $60 a barrel and is currently trading above $61. However, it's still below its 50-day SMA.
Continue reading "S&P 500 Has Best Week Since 2011"

Inflation - Getting Back To Normal

George Yacik - INO.com Contributor - Fed & Interest Rates -
 inflation


So now, suddenly, out of nowhere, inflation has reared its ugly head, and the financial markets are starting to believe it.

On Wednesday the Labor Department reported that the consumer price index rose a higher than expected 0.5% in January, 2.1% compared to the year-earlier period. The all-important core rate, which excludes food and energy prices, rose 0.3% for the month, 1.8% versus a year ago. While not exactly hitting the Federal Reserve’s revered 2.0% annual inflation target, it was apparently close enough to create more jitters in the bond market, with the yield on the U.S. Treasury’s benchmark 10-year note immediately climbing seven basis points to 2.91%, its highest level in more than four years.

The very next day, Labor reported that the core producer price index rose 0.4% for the month and 2.2% year-on-year, which pushed up the yield on the 10-year another basis point, to 2.92%.

I’m not exactly sure why this recent surge in inflation should come as such a big surprise to anyone, but it surely has, witness the tremendous amount of volatility in the financial markets in just the past two weeks. The tipping point seems to have been the release of the January jobs report, the highlight of which wasn’t the change in nonfarm payrolls and the unemployment rate, which they usually are, but the 0.3% (2.9% annualized) growth in wages, which was the strongest year-over-year gain since June 2009.

That seemed to finally catch everyone’s attention that yes, contrary to what the Fed has been telling us for the past four years, inflation really does exist. Now we have more verification. And it’s probably only going to exacerbate.

And who do we have to thank for this new-found inflation? Continue reading "Inflation - Getting Back To Normal"

Cannabis Automation Stock Jumps 135%

Analysis originally distributed on February 7, 2018 By: Michael Vodicka of Cannabis Stock Trades

If you think robots are about to take over the world, I've got a great cannabis stock for you.

This early industry leader is leveraging the power of robotics and automation to develop some of the most innovative cannabis manufacturing equipment I have ever seen.

The company's flagship product is a highly engineered machine that helps cannabis producers quickly and cost-effectively extract oil from the cannabis plant.

If it catches on, this young cannabis company could grow into an industry pioneer and global leader.

Let's take a closer look.

Quadron Cannatech (QCC) is a young Canadian cannabis company headquartered in Vancouver.

Shares began trading on the Canadian Stock Exchange in February of 2017 under the ticker symbol QCC. I see average daily trading volume of 784,000 so this ticker is plenty liquid for 99% of regular investors.

I also see a US OTC listing under the ticker symbol QUDCF. I see much less liquidity here with average daily trading volume of 51,000. But that volume should still be adequate for most investors.

Here's why QCC grabbed my attention. Continue reading "Cannabis Automation Stock Jumps 135%"