Author: The INO.com Team

Tech Drags Down NASDAQ

Posted on by The INO.com Team

Hello Traders everywhere. A drastic selloff in tech stocks has dragged the NASDAQ by more than 1% on today countering the gains made in the energy sector. North Korea's latest warnings are adding to the downbeat mood on Wall Street and in Washington as well.

MarketClub's Mid-day Market Report

Crude oil is up over 3% on the day and trading above $52 a barrel for the first time is several months. This rise is due in part to news that The Permian Basin of Texas and New Mexico holds 60 billion to 70 billion barrels of yet-to-be pumped crude oil, according to a study by IHS Markit Ltd. That's enough oil to supply every refinery in the U.S. for 12 years and have a market value of about $3.3 trillion at current prices.

Key levels to watch this week: Continue reading "Tech Drags Down NASDAQ" →

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 20 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.

Crude Oil Futures

Crude oil futures in the November contract settled last Friday in New York at 50.44 a barrel while currently trading at 50.50 primarily unchanged for the trading week which is a rare occurrence as this is a very volatile commodity. I will be recommending a bullish position if prices close above 50.88 while then placing the stop loss under the 10-day low standing at 48.28 risking around $1,300 per mini contract plus slippage and commission. Oil prices are right at a 15-week high trading above their 20 and 100-day moving average telling you that the short-term trend is higher with heating oil hitting another contract high in today's trade while unleaded gasoline continues to remain firm. I am bullish the entire sector across the board. The chart structure in crude oil is excellent due to low volatility, and we could be involved in a bullish position at Friday's close so keep a close eye on this market as I think the commodities, in general, are moving higher as the bearish trends have finally come to an end in my opinion.
TREND: HIGHER
CHART STRUCTURE: EXCELLENT
Continue reading "Weekly Futures Recap With Mike Seery" →

Stock Market Slips On Threats From North Korea

Posted on by The INO.com Team

Hello Traders everywhere. North Korean Minister of Foreign Affairs Ri Yong Ho said Thursday that the country may consider testing a hydrogen bomb in the Pacific Ocean. If Korea does indeed conduct the test, it would be North Korea's first nuclear test beyond its borders. That statement has left traders with an uneasy feeling heading into the weekend.

Apple Inc. (NASDAQ:AAPL) continues to be a drag on the DOW as it looks to close out the 3rd straight week of declines with a -5.5% loss on the week. This is by far their worst weekly performance ahead of a major product launch since the original iPhone was released back in 2007.

MarketClub's Mid-day Market Report

Crude oil can't make up its mind and is trading in a tight range right above the $50 mark for the week. This sidelines action comes after an OPEC gathering concluded with no decision on an extension or deepening of supply cuts.

Key levels to watch next week: Continue reading "Stock Market Slips On Threats From North Korea" →

Hemp For Pets Company Up 122% In 2017

Posted on by The INO.com Team

Analysis originally distributed on September 14, 2017 By: Michael Vodicka of Cannabis Stock Trades

Pets are big business in the US and around across the globe.

In 2016 U.S. consumers spent over $67 billion on pet-related products, up 11% from the year before.

While food accounts for the highest percent of spending, pet medications were close behind at $8 billion. Spending on pet medications is expected to grow another 10% in 2017 to $9 billion.

These huge sales numbers have gotten the attention of the cannabis industry. Capturing even a small percent of the pet medication market could mean hundreds of millions in profit.

That's why I am excited to share an early industry leader that most investors have never heard of.

- Sales are up more than 1,000% in the last 12 months.
- Shares have risen 122% since January.

With the cannabis for pets industry still in its early stages - I see plenty of room for growth for this undercover cannabis company. True Leaf Medicine International Ltd. (TRLFF) is a Canadian cannabis company founded in 2013 and headquartered in British Columbia.

Trueleaf

Shares are listed on the Canadian Securities Exchange under the ticker symbol MJ. I see average daily trading volume around 100,000 shares here, so this stock has plenty of liquidity for most investors. Continue reading "Hemp For Pets Company Up 122% In 2017" →

Stocks Hesitate Ahead Of Fed Announcement

Posted on by The INO.com Team

Hello Traders everywhere. The Federal Reserve and Fed Chair Janet Yellen are stuck between a stronger global economy and a lull in U.S. inflation; the Fed is expected to announce whether it will raise interest rates for a third time this year or back off until prices rise to a level that they are comfortable with.

The Fed also is likely to announce a scheduled reduction of its approximately $4.2 trillion in holdings of bonds and mortgage-backed securities, most of it accumulated in response to the 2007-2009 financial crisis and recession.

MarketClub's Mid-day Market Report

Crude Oil is on the rise and trading above the $50 level today. The significant move today comes on the hell of news that gasoline stockpiles are at a new 22-month low and exports of crude and fuels surged.

Key levels to watch this week: Continue reading "Stocks Hesitate Ahead Of Fed Announcement" →