Author: The INO.com Team

Energy Stocks Boost Wall Street

Posted on by The INO.com Team

Hello traders everywhere. I'm doing something a little different today by doing this mid-day video after the close. The reason? As I was preparing, President Trump said he would announce his decision on the Iran nuclear deal at 2 PM EDT on Tuesday. The DOW had been up as much as 219 points on the day before reversing course on the announcement. So with that news affecting the markets, I decided to hold off and see where we landed.

With that being said, overall the stock market finished up on the day with the S&P 500 up +.35%, DOW +.39% and the NASDAQ leading the way with a +.79% being pushed by Amazon and Netflix.

Energy Stocks

But the real market driver today was that oil and the energy sector. Crude oil traded as high as $70.76. That's the highest level since 2014, before it backed off the high to close at $69.89 +.17% on the day.

Key Levels To Watch This Week:

Continue reading "Energy Stocks Boost Wall Street" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

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.

Natural Gas Futures

Natural gas futures in the June contract settled last Friday in New York at 2.77 while currently trading at 2.72 experiencing extremely low volatility. I have been recommending a bullish position over the last couple weeks from the 2.83 level and if you took the trade continue to place the stop loss which is just an eyelash away at 2.70 on a closing basis only. The energy sector has caught fire in today's action as oil has hit a fresh multi-year high but is having very little impact on natural gas prices as mild temperatures throughout the Midwest are curbing demand at this time, but stay long and do not second guess as this was a low-risk trade to begin with. Natural gas prices are now trading under their 20 and 100-day moving average as the trend is mixed, and if we are stopped out, we could be involved relatively soon again as the chart structure is outstanding. I remain bullish this commodity. However, we must have an exit strategy when you trade the commodity markets. Volatility in natural gas should start to expand as we enter the hot summer months as this has been stuck in the mud over the last several months as I still think historically speaking prices look cheap.
TREND: MIXED - LOWER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Apple and Buffett Push Stock Market Higher

Posted on by The INO.com Team

Hello traders everywhere. Stocks are on the rise with a sharp mover higher buoyed by news that Warren Buffett and Berkshire Hathaway Inc. bought an additional 75 million shares of Apple Inc. in the first quarter of this year. That makes Berkshire the third-largest investor according to data compiled by Bloomberg.

In an interview on CBNC with Becky Quick, Buffet said that Apple has "a wide, wide gap. I mean it's an amazing business. You can put all of their products on a dining room table."

That news drove Apple to an all-time of $183.87 a share, gaining over 3.5% on the day. Buffett's announcement came just days after Apple reported quarterly sales and profit that topped analysts' estimates on surging services as revenue rose at the fastest pace in more than two years.

Apple Buffett Push Stock Market Higher

The Labor Department reported on Friday that Nonfarm payrolls increased by 164,000 jobs last month, falling short of the estimated 192,000 jobs that analysts were expecting. Data for March was revised up to show the economy adding 135,000 jobs instead of the previously reported 103,000. That was the fewest amount of jobs created in six months and followed the big gain of 324,000 in February. Continue reading "Apple and Buffett Push Stock Market Higher" →

7 Tips To Make Cannabis Stocks Profitable

Posted on by The INO.com Team

Analysis originally distributed on April 28, 2018 By: Michael Vodicka of Cannabis Stock Trades

Investing in cannabis stocks is exciting and can be very lucrative. However, given their volatility, it is important to keep these 7 tips in mind to confidently and successfully leverage this explosive sector.

1 – Create Realistic Expectations:

The legal cannabis industry is one of the most exciting investments I’ve ever been around in 17 years of trading and investing. Many cannabis stocks have delivered big returns in a short amount of time. These outsized returns have expectations running sky high for the cannabis stocks. Although I’m expecting great things from cannabis stocks, don’t get too excited about gains and don’t get too bummed about losses.

2 – Focus on the Long Run:

When analyzing an investment, sometimes I use a microscope and other times I use a telescope. For cannabis stocks, I am using my telescope. That means I am looking at this investment from 10,000 feet above. I am expecting plenty of volatility in the short run. But in the long run, I am expecting the industry and stocks to steadily move higher for many years. It’s another way of saying don’t sweat short-term volatility. Continue reading "7 Tips To Make Cannabis Stocks Profitable" →

Stocks Fall Ahead Of Fed Announcement

Posted on by The INO.com Team

Hello traders everywhere. Overall the U.S. stock market is trading lower on the day after a slow opening and trading lower on the week. The reason for today's soft open is the Fed, which is set to release its latest monetary policy decision at 2 p.m. ET. Market expectations for a May rate hike are just 5.7%, according to the CME Group's FedWatch tool.

The NASDAQ is the only index in the green, but that is solely due to Apple. Apple is a cash generating machine rising +4% after it posted resilient iPhone sales in the face of waning global demand and promised $100 billion in additional stock buybacks. But the real surprise was the service revenue with total paid subscriptions reaching 270 million, that's up by 100 million from a year ago.

Fed Announcement

We finally got the green monthly Trade Triangle on the U.S. dollar as it passed through the $92 level hitting new 3 month highs and trading up a little over 1% on the week. The U.S. two-year Treasury yields hit a 9-1/2-year high after data showed U.S. private-sector payrolls for April came roughly in line with market forecasts, cementing expectations for a rate increase in June.

Bitcoin is up .2% on the day but is still stuck in a tight trading range. For the last 12 days, it's been trapped between the 50-day and 200-day moving averages. It needs to make a move above the 200-day MA, which currently stands at the 9,956.44 level, to break out to the upside. Continue reading "Stocks Fall Ahead Of Fed Announcement" →