Author: The INO.com Team

Growing Potential in Puerto Rico

Posted on by The INO.com Team

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

Puerto Rico legalized medical cannabis in early 2015.

In the next two years, millions in new capital flowed into the industry, giving birth to a string of greenhouses and dispensaries.

However, Puerto Rico's promising young cannabis industry suffered a major setback in the fall of 2017 when the country was struck by a devastating hurricane, Maria.

Here's a quote from NBC News:

"Big manufacturing and grow facilities have had their roof blown off, there is water in their manufacturing rooms, equipment damaged, no light for plants and most are dead," said Goodwin Aldarondo, the president and CEO of Puerto Rico Legal Marijuana. You're talking about millions of dollars of damage."

Despite the impact of hurricane Maria, one young cannabis company is pushing forward with its expansion plans - in the early stages of building five cannabis dispensaries in Puerto Rico.

If it succeeds, the company is in position to be an early leader in the high-growth medical cannabis industry.

Let's take a closer look. Continue reading "Growing Potential in Puerto Rico" →

Stocks Trading Sharply Higher

Posted on by The INO.com Team

Hello traders everywhere. The stock market overall is trading at new three-week highs with the DOW, S&P 500 trading sharply higher for the third straight day triggering new green weekly Trade Triangles. The NASDAQ is trading higher as well, also triggering a new green weekly Trade Triangle.

Although the indexes are trading at three-week highs, they are still well off their all-time highs and have a lot of work to do to reach those levels again.

Do you think this correction is over, or we still due for a larger correction?

Stocks Trading Sharply Higher

Key Events Scheduled For This Week:

  • ECB President Mario Draghi speaks in Brussels on Monday.
  • Powell testifies before a House panel on Tuesday. He'll discuss the Fed's Semi-Annual Monetary Policy Report and the state of the economy. Powell returns on March 1 before a Senate committee.
  • Companies announcing earnings this week include Vale, BASF, Standard Chartered, Bayer, Lowe's, Galaxy Entertainment Group, Anheuser-Busch InBev, Peugeot, WPP, and London Stock Exchange Group.
  • U.K. Prime Minister Theresa May delivers a speech on Britain's relationship with the European Union after Brexit.
  • A barrage of data is expected out of Japan including retail sales and industrial production Wednesday, and capital spending Thursday.
    Bank of Korea has policy decision and briefing on Tuesday.
  • In China, the official and Caixin purchasing managers' indexes on Wednesday and Thursday respectively may show growth momentum slowed slightly in February, though the signal may be clouded by the holidays.

Key Levels To Watch Next Week:

S&P 500 (CME:SP500): 2,872.87
Dow (INDEX:DJI): 23,360.29
NASDAQ (NASDAQ:COMP): 7,501.58
Gold (NYMEX:GC.G18.E): 1,327.70
Crude Oil (NYMEX:CL.J18.E): 64.97
U.S. Dollar (NYBOT:DX.H18.E): 90.45
Bitcoin (CME:BRTI): 6,194.46

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.

10-Year Note Futures

The 10-year note in the March contract is currently at 120/23 trading higher for the 2nd consecutive session after settling last Friday in Chicago at 120/18 having a hard time cracking through the 120/00 level was that had been tested on multiple times only to rally. I've recommended a bearish position on several contracts over the last several months, and if you took the trade, the stop loss come Monday's session will be lowered to 121/07 as the chart structure is outstanding due to low volatility. The 10-year note is currently yielding about 2.86% as it is unable to crack the critical 3% level in recent weeks. However, I remain bearish as I think this is just the calm before the storm and I still believe higher interest rates are coming. The U.S. stock market is higher this Friday afternoon, and generally, that sends a bearish tone towards the bond market. But not in today's case as we will await next Friday's monthly employment number which should send high volatility back into the bond sector so stay short & continue to place the proper stop loss and let's see what Monday's trade brings. The 10-year note is still trading far below its 20 and 100-day moving average as the trend is still to the downside despite the recent rally over the last couple of days as I will be looking at adding another short position if the 120/00 level is broken possibly in next weeks trade.
TREND: LOWER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Loss On Tap For Stocks

Posted on by The INO.com Team

Hello traders everywhere. For the most part stocks are trading higher today led by tech, but overall the stock market is looking at posting a loss for the week after finishing higher last week. This has been an up and down week for stocks, with the major averages posting strong gains early in the week only to trade lower as the week progressed.

Weekly Loss Stocks

10-year U.S. Note Yield

The benchmark 10-year U.S. note yield hit a four-year high earlier this week after the Fed released its minutes from their January meeting showing that the central bank sees increased economic growth and an uptick in inflation as justification to continue to raise interest rates gradually. All eyes will be on the new Fed Chair Jerome Powell’s testimony next week as he speaks for the first time.

The 10-year U.S. note yield traded below that four-year high, near 2.875% today.

Key Levels To Watch Next Week:

Continue reading "Weekly Loss On Tap For Stocks" →

Another 1,000% Gain For An Early CBD Leader?

Posted on by The INO.com Team

Analysis originally distributed on February 14 2018 By: Michael Vodicka of Cannabis Stock Trades

PotNetwork Holdings (OTC:POTN) has been one of the best performing cannabis stocks in the last five weeks.

Despite a recent pullback with the broader cannabis sector, shares of the US-based CBD specialist are still up more than 1,000% in just the last five weeks, jumping from $0.06 on December 26 to $0.65 on February 13.

PotNetwork Holdings

Those are the kind of short-term gains that can have a serious impact on a shareholders financial profile.

If you missed out on the big move higher - don't worry - I see this same pattern repeating itself with a little-known, CBD specialist that just began trading on the Australian Stock Exchange in early January. Let's take a closer look. Continue reading "Another 1,000% Gain For An Early CBD Leader?" →