China Retaliates By Slapping Tariffs On U.S.

Hello traders everywhere. Fear of a trade war between China and the U.S. has returned to the stock market Wednesday, hitting U.S. stocks hard at the open and sending investors into haven assets from gold to Treasuries.

The DOW opened considerably lower and headed down as much as 510 pts before bouncing off the lows in early trading and looks to have settled around the 1% loss territory mid-day. We'll have to keep a close eye on the close today to see if there's any follow through from the harsh open.

Tariffs

China and the United States both announced tariffs on $50 billion of each others' imports. But, while Washington's list covers many obscure industrial items, Beijing's covers 106 essential U.S. imports including soybeans, planes, cars, and chemicals.

The speed with which the trade struggle between the two countries is ratcheting up is blinding. China took less than 11 hours to respond with its measures.

Key Levels To Watch This Week:

Continue reading "China Retaliates By Slapping Tariffs On U.S."

S&P 500 and DOW In Correction Territory

Hello traders everywhere. Thursday's positive gains failed to follow through on Monday after the Easter weekend with a widespread sell-off taking hold and pushing all three indexes into correction territory.

Tech troubles and tariffs have pushed the S&P 500 through the 200-day moving average which viewed as a critical level of support. Technical traders and chartist alike believe that this breach can foreshadow even more significant declines down the road.

Now let's talk about the word correction. A correction is defined as "a reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation".

Correction Territory

With that in mind, all three major indexes have dipped and flirted with correction territory today. At their lows of the day the S&P 500 was down 10.5%, The DOW was down 11.6%, and the NASDAQ was down 10.2% putting all three indexes in correction territory. Only the NASDAQ has been able to rebound, but it's still incredibly close to closing the day in a correction. Continue reading "S&P 500 and DOW In Correction Territory"

Stocks End Tough Quarter Higher On The Day

Hello traders everywhere. The stock market is looking to close out a tumultuous first quarter of 2018 with positive daily gains in a holiday-shortened trading week albeit on light trading volume heading into the holiday weekend. The Easter holiday may be a much-needed break for beat-up traders to lick their wounds and start fresh come Monday.

For the first time in in the previous nine quarters, the S&P 500 and DOW are posting quarterly losses breaking an impressive winning streak. While the NASDAQ is posting a positive quarterly gain of 1.5% marking seven straight winning quarters, which is surprising given the recent rout in the tech sector. With the likes of Facebook (FB), Amazon (AMZN), Netflix (NFLX), Alibaba (BABA) and many other tech stocks taking huge losses recently.

Easter Holiday

The U.S. Dollar is closing out the first quarter of 2018 with its fifth straight quarterly loss, a loss of 2.3%. Data on Thursday showed U.S. consumer spending rose marginally for a second consecutive month in February as households boosted savings, the latest indication that the economy lost momentum in the first quarter. Continue reading "Stocks End Tough Quarter Higher On The Day"

Do You Have Control Of Your Emotions?

The current market conditions can undoubtedly play with your emotions. After a long bull run, it was easy just to sit back and let your trades run and book profits, but that's all changed recently. We are now in a market that is making significant violent swings from day to day, and that can cause a bit of trepidation and doubt, but of all the "tools" available to the trader, none is more important than his or her mind!

A lack of mental discipline can lead to significant losses in the marketplace and your portfolio. Why else would traders with years of experience and reliable systems fail to be consistent winners?

If you show an 8-year-old child a chart and they will tell you if a market is going up or down by simple observation. 80% or 90% of all traders end up as losers. The market doesn't beat you; you beat yourself! You are your own worst enemy! Continue reading "Do You Have Control Of Your Emotions?"

Cannabis Testing Company Sales Jump 438%

Analysis originally distributed on March 21, 2018 By: Michael Vodicka of Cannabis Stock Trades

Cannabis testing services is a high-growth cannabis sub-industry.

According to data from cannabis industry media company, High Times, the cannabis lab testing industry was valued at $866MM in 2016.

With more countries legalizing cannabis, demand for testing is expected to soar, with the cannabis testing industry expected to grow to $1.4 billion by 2021.

Today - I am going to reveal a little-known cannabis company cashing in big time from this high-growth sub-industry.

  • Sales were up 438% in 12 months.
  • It continues to expand in high-growth California.
  • Shares are trading almost 50% below the 52-week high.

Evio Labs (OTC:EVIO) is a promising young cannabis company headquartered in Oregon with a market cap of $18MM.

I see a lot of growth potential for Evio. Continue reading "Cannabis Testing Company Sales Jump 438%"