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

The Fed, Facebook and Record Highs

Posted on July 26, 2017 by The INO.com Team

Hello traders everywhere. Strong quarterly earnings have propelled the DOW, S&P 500 and NASDAQ to record highs today. Just to give you an idea of how great earnings season has been so far. 34% of the S&P 500 components have reported as of today, and 78% of them have beaten expectations on the bottom line, and 73% have topped on sales, according to data from The Earnings Scout. I'd say that's pretty impressive.

The Federal Reserve will release its FOMC meeting minutes today at 2 pm, and it is widely expected to keep monetary policy unchanged, but investors will look for clues about the central bank's next move.

Facebook Inc (NASDAQ:FB) is set to report earnings after the close today. Wall Street expects Facebook to report second-quarter profits of $1.13 per share, based on the average estimate of 35 analysts who rate its stock. That's up from 97 cents per share a year earlier with revenue rising to $9.2 billion, a jump of 43% year-over-year. According to most estimates.

Key levels to watch next week: Continue reading "The Fed, Facebook and Record Highs" →

Weekly Futures Recap With Mike Seery

Posted on July 22, 2017July 21, 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.

U.S. Dollar Futures

The U.S. dollar in the September contract settled last Friday at 94.93 while currently trading at 93.77 down about 115 points for the trading week continuing its bearish momentum hitting and 11 month low. I'm currently not involved in this market, but I do think prices are heading out towards the 90/92 level in the coming weeks as the bearish momentum is getting stronger on a weekly basis. The Dollar index traded as high as 102 in the month of March as low-interest rates in the United States continues to push this market lower. If you are short a futures contract place the stop loss above the 10-day high which stands at 95.96 as the chart structure will start to improve in next week's trade, therefore, lowering the monetary risk. The currency market is one of the trendiest markets as picking a bottom, or a top is extremely dangerous as some of these trends can last for long periods of time just like this one has in 2017. I'm certainly not recommending any type of bullish position that would be very dangerous as this market is trading far under its 20 and 100-day moving average telling you that this trend is the downside so if you are short stay short as you're on the right side in my opinion.
TREND: LOWER
CHART STRUCTURE: IMPROVING
Continue reading "Weekly Futures Recap With Mike Seery" →

Market Ends On A Weak Note

Posted on July 21, 2017July 21, 2017 by The INO.com Team

Hello traders everywhere. The indexes are ending the week on a soft note after reaching records highs earlier in the week. This is primarily due to General Electric Company (NYSE:GE) falling more than 4% to a 19-month low.

Meanwhile, the euro climbed to its strongest level against the dollar since January of 2015 after ECB President Mario Draghi said that the ECB would discuss plans to unwind quantitative easing this fall.

Key levels to watch next week: Continue reading "Market Ends On A Weak Note" →

More To Come For This Cannabis Lighting Company?

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

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

There are millions of square feet of cannabis cultivation facilities being built all across North America.

Take Americann (OTC:ACAN) for example. Americann is a U.S. based cannabis company headquartered in Massachusetts. Americann is in the early stages of building a 1 million square foot cultivation facility in Mass that will potentially serve as the primary cultivation hub to supply a huge portion of the Eastern cannabis market.

Cronos Group (CDNX:MJN.V) is another good example. Cronos is a Canadian cannabis company headquartered in Toronto. In May, Cronos announced that one of the companies it owns, Peace, had broke ground on a 315,000 square foot cultivation facility.

This project will include a 286,000 square foot production facility, a 28,000 square foot greenhouse, and a 1,200 square foot extraction laboratory.

When finished, this facility is expected to be one of the largest indoor cannabis production facility in the world.

As you can see, cannabis companies are in the process of hugely ramping up their cultivation capacities to meet the tidal wave of demand for cannabis coming down the pike.

One way to profit is to simply invest in the companies building these cultivation facilities. That could turn out to be extremely profitable.

However, I have an even better way to potentially profit. Continue reading "More To Come For This Cannabis Lighting Company?" →

Earnings, Earnings, Earnings

Posted on July 17, 2017 by The INO.com Team

Hello traders everywhere. The stock markets opened little unchanged for on Monday holding just above the record levels set on Friday. The reason for the slow start? Earnings. That's right, it's earnings season and we're kicking off a big week of earnings with Netflix Inc. (NASDAQ:NFLX), which reports after the close today.

If you're looking for a place to find a full listing of earnings dates look no further. I use Yahoo! Finance's earnings calendar.

Key levels to watch next week: Continue reading "Earnings, Earnings, Earnings" →

Author: The INO.com Team