The INO.com Team, Author at INO.com Trader's Blog

Merry Christmas To All Of Our Traders Blog Visitors!

Posted on December 25, 2017December 23, 2017 by The INO.com Team

With all the hustle and bustle, it's sometimes difficult to remember the real reason for the season. But regardless of what you believe and what religion you practice, if any, we hope you find yourself surrounded by love. The INO.com staff is very appreciative of your interest and we love having you return to our blog time and time again.

As you share a meal, or a gift, please reflect on all you have despite the many things you hope that 2017 will bring. Merry Christmas to you and we are excited to help you build your financial goals and trading confidence.

If you don't celebrate Christmas, please accept our most genuine wishes for any happy holiday and a prosperous new year!

Best,
The INO.com Team

su*****@in*.com

Weekly Futures Recap With Mike Seery

Posted on December 24, 2017December 23, 2017 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.

Gold Futures

Gold futures in the February contract settled last Friday in New York at 1,257 while currently trading at 1,272 an ounce up about $15 for the trading week right near a 3-week high. I'm currently not involved in this market as the trend remains mixed. Gold prices are trading above their 20-day moving average but still far below their 100-day as this market remains extremely choppy as all the interest lies in the S&P 500 and the equity markets which hit all-time highs once again this week. Interest also lies in the Bitcoin cyber currency phenomenon, however that currency was down $6,000 this week as trading began on Sunday night at the CME. The U.S. dollar has experienced extremely low volatility over the last several weeks lending very little influence on gold prices, and I'm advising clients to avoid this market as we will see what 2018 brings. I'm not sure where prices are headed at the current time. In my opinion, I still think the path of least resistance is to the downside as we might retest recent lows around 1,238 as political tensions with North Korea have eased over the last several months. This is basically a technical trade at this time so look at other markets with a better potential and a much stronger trend as this market keeps flip-flopping on a daily basis which is difficult to trade successfully.
TREND: MIXED
CHART STRUCTURE: SOLID
VOLATILITY:LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Bitcoin Headed For Worst Week Since 2013

Posted on December 22, 2017December 22, 2017 by The INO.com Team

Hello traders everywhere. The darling investment of the month is experiencing a significant sell-off, in fact, the worst sell-off since 2013. Bitcoin (BRTI) opened the week at 19,046.70 and hit a session low of 12,291.06 this morning, a -35% loss, but it has backed off the lows to trade around the 13,000 level.

Coinbase, one of the biggest bitcoin marketplaces, announced at 11 am this morning that all buying and selling is temporarily disabled amid the price rout making it impossible for investors to cash out of their trades. This isn't a new phenomenon for Coinbase, as they have struggled in recent months to keep up with high demand. On Dec. 12, the company temporarily suspended buys and sells of Ethereum twice in one day.

Is this panic selling by new investors or business as usual for Bitcoin? New investors in Bitcoin may not realize how volatile the cryptocurrency has been it's entire life to this point. It's not uncommon to a significant sell-off that can last months, only to see the trend reverse and head higher. Bitcoin itself is exceptionally resilient.

Key levels to watch next week: Continue reading "Bitcoin Headed For Worst Week Since 2013" →

6 Cannabis Stocks Set to Surge from California's Rec Market

Posted on December 22, 2017December 21, 2017 by The INO.com Team

Analysis originally distributed on December 13, 2017 By: Michael Vodicka of Cannabis Stock Trades

Cannabis stocks have a huge event directly on the horizon. In fact, it's the most important event of the last 12 months and I expect it to send a certain group of cannabis stocks soaring.

On January 1 California will become the latest - and largest US state - to legalize recreational cannabis.

This is easily the most important event in the cannabis sector in the last 12 months. And I expect it to be a huge catalyst for cannabis stocks for two reasons.

1. Billions In New Sales:

California is already the largest cannabis market in the world - by a long shot. Its legal and illegal cannabis market did around $8 billion in sales in 2016 - with 75% of that from illegal sales. Recreational is expected to quickly chip into illegal sales and grow into a $4 billion annual market within a few years, from basically $0 today. That is a potential revenue and profit windfall for cannabis companies ready to capitalize. I expect this to be a strong tailwind for US cannabis stocks in general and particularly ones operating in California's high -growth market.

Continue reading "6 Cannabis Stocks Set to Surge from California's Rec Market" →

Where We Stand After The Tax Reform Vote

Posted on December 20, 2017December 20, 2017 by The INO.com Team

Hello traders everywhere. The Republican-controlled U.S. House of Representatives passed a sweeping tax bill which will be the most significant overhaul of the U.S. tax code in over 30 years. The Senate had already voted in favor of the bill, and now we wait for President Trump to sign the bill into effect.

The proposed changes include cutting the corporate tax rate to 21% from 35% from Jan. 1, which could boost company earnings and pave the way for higher dividends and stock buybacks.

The three major stock indexes are holding steady near record highs, but relatively unchanged on the day after the bill was passed. Stock futures had risen sharply before the open, with Dow futures climbing more than 100 points only to sharply fall from those highs as the market opened for regular trading. The cause for the drop was a rapid rise in interest rates that saw the 10-year U.S. yield hit 2.497%, its highest level since March 21, while the two-year yield rose to its highest level since October of 2008.

Key levels to watch this week: Continue reading "Where We Stand After The Tax Reform Vote" →

Author: The INO.com Team