Author: The INO.com Team

Stocks Positive For Month Despite Weakness

Posted on by The INO.com Team

Hello traders everywhere. Although the stock market has slipped into the negative territory on the day all three indexes are looking to post a monthly gain for April. This will mark the first positive monthly gain in two months as volatility has taken a toll on the market over the last three months.

The S&P 500 is posting a monthly gain of +.75%; the DOW is looking to add slightly more to the bottom line with an increase of +.80%, in fact, the DOW hasn't had a losing April since April of 2005. The NASDAQ is posting the lowest monthly gain of +.18 as the tech sector has been under been under extreme pressure and volatility and with Apple (AAPL) earnings right around the corner it could get worse. All indications are that iPhone sells, although positive, are going to miss the mark as far as many analysts are concerned.

Stocks Positive For Month

The U.S. dollar continues to make a comeback with a monthly gain of +1.98%. After posting a weekly loss last week, Crude oil is closing out the month on a strong note and posting a +6% gain on the month. Meanwhile gold is looking so brilliant as it posts a loss of -.69% on the month.

Bitcoin continues to make a comeback, and it is going to have an impressive monthly gain of +31% for April. If you can ride the wave, it certainly can pay dividends. Continue reading "Stocks Positive For Month Despite Weakness" →

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.

Silver Futures

Silver futures in the May contract settled last Friday in New York at 17.16 an ounce while currently trading at 16.45 hitting a two week low finishing down about $0.70 for the trading week all due to the fact that the U.S. dollar hit a four-month high today putting pressure on the whole precious metal sector. I had been recommending a bullish position from the 16.85 level getting stopped out in yesterday's trade. That was disappointing as I truly thought silver prices had broken out, but the strength in the dollar really put the kibosh on this trade so I will sit on the sidelines and wait for another trend to develop. Silver prices are now trading below their 20 and 100-day average as the short-term trend is lower, however, it really is mixed as we continue to trade between 16/17 over the last several months as the volatility has picked up which is a good thing to see. I will not give up on this commodity as I still think we will be trading in the $20 range come year end, but at the current time, we are range bound. Presently I do not have any trade recommendations in the precious metals as they all remain on the defensive as they will bottom out soon in my opinion. Look at other markets that are beginning to trend as I hate to trade choppy markets as they are very difficult to trade successfully.
TREND: MIXED
CHART STRUCTURE: POOR
VOLATILITY: INCREASING
Continue reading "Weekly Futures Recap With Mike Seery" →

Stock Market Waivers As GDP Growth Slows

Posted on by The INO.com Team

Hello traders everywhere. The U.S. economy posted a 2.3% annual growth rate in the first quarter of 2018 as consumer spending turned in the weakest performance in nearly five years. However, the January-March increase came in better than expected, supporting hopes for a solid rebound for the rest of the year where analysts are looking for growth to surpass 3% once again.

The Commerce Department reported Friday that the gain in the gross domestic product (GDP), the economy's total output of goods and services, followed a 2.9% rise in the fourth quarter of 2017 and gains above 3% in the previous two quarters.

GDP Growth Slows

The DOW and NASDAQ are on pace to post a loss for the week overall after having two weeks of weekly gains, while the S&P 500 is sitting relatively unchanged for the week, although it is desperately close to posting a weekly loss as well.

The U.S. dollar is ending a strong week with a gain of 1.4% adding to the gains that it saw last week and looking to break 92.02 which would give us a new green monthly Trade Triangle indicating that the long-term trend is up for the dollar. Earlier in the week, Treasury yields broke above 3% on the week for the first time since 2014. But have since fallen on weak consumer spending data. Continue reading "Stock Market Waivers As GDP Growth Slows" →

Game-Changing Reversal In US Cannabis Policy

Posted on by The INO.com Team

Analysis originally distributed on April 19, 2018 By: Michael Vodicka of Cannabis Stock Trades

US cannabis stocks just had their best day of the year after a game-changing shift in US cannabis policy hit the Street. If I’m correct, the stage is now set for a huge rally that could send cannabis stocks deep into a new all-time high.

On April 13, the US cannabis index jumped more than 15%, the largest one-day gain of the year, on news of a huge shift in US cannabis policy.

LLLL

In news that completely shocked the cannabis industry and stocks, President Trump promised to support legislation to protect state cannabis rights.

Here’s a clip from a Bloomberg article with more details: Continue reading "Game-Changing Reversal In US Cannabis Policy" →

Interest Rates On The Rise

Posted on by The INO.com Team

Hello traders everywhere. The 10-year U.S. Treasury yield has risen above 3% for the first time since January of 2014, signaling that higher interest rates are ahead for the U.S. bond market as the Federal Reserve is intent on boosting interest rates after keeping them at historically low levels for some time. The yield, the benchmark for everything from U.S. mortgages to dollar bonds in developing nations, climbed as high as 3.0014% in morning trading, before slipping back below 3% to 2.979% in the early afternoon.

As the 10-year yield broke three percent the stock market turned lower with the DOW losing over 1% on the day with the S&P 500 losing .80% and the NASDAQ falling 1.4% as tech is posting heavy losses.

Interest Rates Rise

Speaking of tech, the FAANG stocks are all lower on the day with Alphabet leading the way. Alphabet (Google) is posting a loss of over 4.5% on the day after reporting earnings where they made a lot of money, but investors are worried about rising expenses.

The other FAANG members are posting steep losses as well. Facebook declined 3.4%, Amazon 3.8%, Netflix declined 4.2% and Apple is losing just a tad over 1% on the day.

Key Levels To Watch This Week:

S&P 500 (CME:SP500): 2,553.80
Dow (INDEX:DJI): 23,344.52
NASDAQ (NASDAQ:COMP): 6,805.90
Gold (NYMEX:GC.M18.E): 1,337.60
Crude Oil (NYMEX:CL.M18.E): 67.14
U.S. Dollar (NYBOT:DX.M18.E): 88.94
Bitcoin (CME:BRTI): 6,616.14

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