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.

Gold Futures

Gold prices in the April contract are currently trading at 1,319 an ounce after settling last Friday in New York at 1,319 as the U.S. stock market dropped 10% in a matter of days. Generally speaking, that sends gold prices much higher, but not in this case as the precious metals continue to go lower. The U.S. dollar is the main culprit to this phenomenon as its higher once again today as investors are buying the dollar and selling all assets including the metals as silver and platinum continue to move lower coupled with the fact that copper has absolutely fallen out of bed this week. If you take a look at the daily chart gold prices bottomed out on December 12th at 1,242 while then topping out on January 25th at 1,370 and the 50% retracement stands around the 1,306 area. I think that will be tested in next week's trade as I am currently not involved in any of the precious metals. Gold is trading below their 20-day moving average, but slightly above its 100-day as we are right near a five-week low as investors don't want to own anything at the current time. It looks to me this could continue next week as well. However, there is panic going on at present as there will be very good buying opportunities in the coming days ahead.
TREND: MIXED - LOWER
CHART STRUCTURE: POOR
VOLATILITY: INCREASING

Continue reading "Weekly Futures Recap With Mike Seery"

Stocks Dive As Volatility Spikes

Hello traders everywhere. Volatility is indeed the theme of the week, and you have to wonder if this is the new normal for the foreseeable future. The DOW opened over 300 pts higher only to reverse course to head as much 460 pts or 1.9% lower on the day as we head into the close where the big moves have come in the last hour of trading. The DOW will issue a new red monthly Trade Triangle if it breaks through the 26,616.71 and that would indicate it’s heading lower.

Both the S&P 500 and NASDAQ have both issued new red monthly Trade Triangles indicating that they have both entered into a short trading territory. In fact, the S&P 500 is very close to breaking through its support at the 200-day MA at 2539.03. If that’s broken, we could see the market head lower. However, we’ve seen the S&P 500 pass through the 200-day twice in recent memory only to head back higher. Will it be different this time?

Volatility

Crude oil is trading below $59 a barrel for the first time in 2018. This move lower has been about the growing U.S. inventory, an ever-increasing rig count, and a rising U.S. Dollar. It was reported today by Baker Hughes that 26 rigs were added this week bringing the total count to 791 active rigs. That’s 200 more active rigs than a year ago at the same time.

Bitcoin is up on the day and trading slightly above its 200-day MA which has given the cryptocurrency a level of support at the $7,958.53. Bitcoin seems to have calmed down and moved into a sidelines mode as we end the week.

Key Levels To Watch This Week:

S&P 500 (CME:SP500): 2,872.87
Dow (INDEX:DJI): 26,616.71
NASDAQ (NASDAQ:COMP): 7,501.58
Gold (NYMEX:GC.G18.E): 1,334.80
Crude Oil (NYMEX:CL.H18.E): 64.18
U.S. Dollar (NYBOT:DX.H18.E): 90.50
Bitcoin (CME:BRTI): 11,705.00

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

This Cannabis Landlord Is Trading At A Discount

Analysis originally distributed on January 31, 2018 By: Michael Vodicka of Cannabis Stock Trades

Arizona's cannabis industry was on fire in 2017 - setting a long list of new records. Today, I am going to show you how you can profit with a young and secretive cannabis company I like to call - the Cannabis Landlord.

2017 was a record year for Arizona's young cannabis industry.

According to an annual report from the Arizona Department of Health Services, in 2017 Arizona patients consumed more than 43 tons of cannabis products.

That is an eye-popping increase of 50% from 29 tons sold in 2016.

Take a look at the steady growth below.

LL

The strong 2017 builds on years of impressive industry growth.

Since medical cannabis was legalized in Arizona five years ago, 130 new dispensaries have popped up across the state, with cannabis sales jumping 1,620%.

As you can see, Nevada's cannabis industry is in a long-term bull market as more patients gains access to cannabis. Continue reading "This Cannabis Landlord Is Trading At A Discount"

Stocks Plunge Erasing 2018 Gains

Hello traders everywhere. Volatility is the name of the game today after the DOW opened 567 pts lower only to reverse course and gain 367 pts before heading back into negative territory. Of course, this comes on the heels of a historic day where we saw the DOW shed over 1,150.00 (3.5%), the S&P 500 110 pts (4.6%) and the NASDAQ 250 pts (4.1%). The bulk of the selling came late in the afternoon after all three indexes broke through the 50-day moving average and when that happened traders headed for the exit in record-breaking fashion with the DOW falling over 1600 pts in that span.

I think the key thing here is to take a breath. As traders, we all knew this was coming sooner or later. There was no way that the low-volatility run to the upside was going continue without a major correction along the way. In fact, it's been two years since our last major correction to the downside. If you've been on the sidelines looking for a place to get in, now may be the time as some of the big players in the markets can be had at a discount, so take a deep breath and get to work.

Volatility

And then you have Bitcoin, which broke through it's 200-day moving average to new 2018 low of 5,902.73 before backing off that low today. That's it's the lowest level since early Nov. of 2017, right before Bitcoin pandemonium hit the markets pushing it to an all-time high of 19,528.87 in December of 2017. Continue reading "Stocks Plunge Erasing 2018 Gains"

Weekly Futures Recap With Mike Seery

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly futures recap of the 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.

Natural Gas Futures

Natural gas prices experienced a wild trading week after settling last Friday in New York at 3.17 in the March contract while now trading at 2.89 down about 28 points for the week. I was recommending a bullish position from around the 3.13 level getting stopped out in yesterday's trade as prices are now at a three-week low. I had also been recommending a bullish position in the February contract as we had to roll over into the March giving back some of the gains that we witnessed. I'm now sitting on the sidelines waiting for another trend to develop as the trend has turned negative. Natural gas prices are trading under their 20 and 100-day moving average as the volatility has exploded with extremely warm temperatures last week which sent prices down. However, colder temperatures are upon us as this market looks to be choppy so avoid for now & look at other markets with a better risk/reward scenario as the volatility will remain high in February. However, the spring season is almost upon us. At the present time I do not have any recommendations in the energy sector as I still remain bullish as natural gas prices still are cheap, but does not meet my criteria to enter into a trade so I will be patient and wait for the chart structure to improve, but I do think prices to the downside are limited.
TREND: LOWER
CHART STRUCTURE: POOR
VOLATILITY: HIGH

Continue reading "Weekly Futures Recap With Mike Seery"