Author: The INO.com Team

My Plan For Another 30% Gain In 5 Days

Posted on by The INO.com Team

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

The Canadian cannabis sector scored another blockbuster win last week - and it led to a quick 30% gain for one of Canada's most promising young cannabis companies. If you missed the recent pop higher don't worry - I see this same pattern repeating itself at least a few more times in the next three months. Here's what is going on.

Cronos Group (CRON) is one of Canada's largest and most promising cannabis companies. Shares began trading on the Toronto Venture Stock Exchange in December of 2014. Since then, Cronos has delivered huge gains to shareholders, jumping more than 1400% from its IPO price of $.80.

That impressive performance helped Cronos make history last week when it became the first ever Canadian cannabis producer to trade on the US-based NASDAQ stock exchange. Continue reading "My Plan For Another 30% Gain In 5 Days" →

Trump Squashes Biggest Tech Deal Ever

Posted on by The INO.com Team

Hello traders everywhere. Late Monday, President Trump signed an executive order blocking Broadcom’s $117 billion bid for the chip maker Qualcomm, citing national security concerns. This action indicates that he is willing to take extraordinary measures to remain on course with his administration’s increasingly protectionist stance.

The Broadcom acquisition would have been and was labeled as the most significant tech deal ever and would have made Broadcom the dominant supplier of chips used in smartphones. It would have also brought the company to the forefront of developing technology for the next generation of mobile network technology known as 5G.

Trump

The NASDAQ had opened at record highs before news of the block had sunk in, but once it did the NASDAQ soon retreated into negative territory on the day trading as low as .9% on the day.

Shares of Broadcom Limited (AVGO) are trading up on the day around 1% while shares of QUALCOMM Incorporated (QCOM) are trading down about 4% on the day.

Overall the stock market has been waffling the last few days trying to get a grasp on inflation, the looming trade wars and the firing of Rex Tillerson today by President Trump.

Key Levels To Watch This Week:

S&P 500 (CME:SP500): 2,647.32
Dow (INDEX:DJI): 24,217.76
NASDAQ (NASDAQ:COMP): 7,084.83
Gold (NYMEX:GC.G18.E): 1,313.80
Crude Oil (NYMEX:CL.J18.E): 62.33
U.S. Dollar (NYBOT:DX.H18.E): 88.86
Bitcoin (CME:BRTI): 8,664.30

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

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 16.46 an ounce while currently trading at 16.60 up about 14 cents for the trading week experiencing some rather high volatility which is good to see as we are still stuck in a five week consolidation chart pattern. I will be recommending a bullish position if silver breaks 17.03 which is about $0.40 away as we could be involved in next week's trade as the chart structure is excellent at the current time as I am still bullish, but I have no recommendations in the precious metals presently. Silver prices are still trading under their 20 and 100 day moving average as this trend remains mixed to lower in my opinion as this has been very choppy over the last six months as I do think we are in a longer-term bottoming out pattern as historically speaking I think silver prices are very cheap. The U.S dollar is still hovering at a three year low as that market currently is in a sideways pattern as the U.S dollar is lending very little support to silver prices. However, demand will start to come back into this market. The U.S. monthly unemployment number showed that 800,000 people came back into the workforce as that is a good thing towards commodity prices & will spur demand so keep a close eye on this market as we could be involved in next week's trade as the risk/reward would be in your favor in my opinion.
TREND: LOWER - MIXED
CHART STRUCTURE: EXCELLENT
VOLATILITY: INCREASING
Continue reading "Weekly Futures Recap With Mike Seery" →

Nasdaq Hits Record As Dow Surges

Posted on by The INO.com Team

Hello traders everywhere. The Nasdaq is trading at record highs today erasing last weeks loss and triggering a new green monthly Trade Triangle. In fact, all three indexes are trading considerably higher today and trying to wipe out their losses from last week.

The reason for the significant gains today, a huge jobs number. Nonfarm payrolls jumped by 313,000 jobs last month, boosted by the largest rise in construction jobs since 2007, the Labor Department said on Friday. The payrolls gain was the biggest since July 2016 and triple the roughly 100,000 jobs the economy needs to create each month to keep up with growth in the working-age population.

NASDAQ

The labor market is benefiting from strong domestic demand, an improvement in global growth as well as robust U.S. business sentiment following the Trump administration’s $1.5 trillion income tax cut package that come into effect in January. Continue reading "Nasdaq Hits Record As Dow Surges" →

Record Canadian Cannabis IPO In 11 Days

Posted on by The INO.com Team

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

Back in June of 2017, the Toronto Stock Exchange recorded its largest Canadian cannabis IPO ever.

The event generated a lot of attention for the company going public and the broader cannabis sector.

Not all of it was positive. In fact, there were plenty of bearish headlines in the financial media.

Canadian Cannabis IPO

Despite the bearish headlines, Cannabis Stocks Trades saw the long-term potential and added shares to our model portfolio in early June.

Nine months later, shares of Medreleaf (LEAF) are up 158% - even after a recent pullback. Continue reading "Record Canadian Cannabis IPO In 11 Days" →