Author: The INO.com Team

Will This Micro Cap Be The PayPal Of Canada's Cannabis Industry?

Posted on by The INO.com Team

Analysis originally distributed on June 1, 2017 By: Michael Vodicka of Cannabis Stock Trades

Amazon was at the top of the headlines this week after its share price broke $1,000.

Amazon is now up 1,300% in the last 10 years. That is a nice win for shareholders. Early investors are sitting on big gains.

It’s also a reminder of where consumers are spending their money these days – online.

Any business that wants to thrive has to be winning online.

This is true in the cannabis industry. Just like the broader retail industry – online cannabis sales are booming.

However, Canada’s young cannabis companies are struggling to meet that growing demand.

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They are still being hampered by burdensome banking restrictions.

For example, Canadian cannabis producers have been banned from using PayPal because the U.S. based company is subject to US federal restriction on cannabis.

Even some larger banks have declined to provide financial service to Canada’s cannabis industry simply because its so new and considered higher risk. Continue reading "Will This Micro Cap Be The PayPal Of Canada's Cannabis Industry?" →

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.

Gold Futures

Gold futures in the August contract settled last Friday in New York at 1,271 an ounce while currently trading at 1,278. up about $7 for the trading week hitting a five-week high looking to retest the April 14th high of 1,300 in my opinion. The U.S dollar continues its bearish trend down another 45 points this afternoon helping push up the precious metals and especially gold, which looks very strong at the current time. If you are in a bullish position place your stop loss at the 10-day low at 1,250 as lower interest rates in the United States continue to support gold prices. Gold is trading above its 20 and 100-day moving average is telling you that the short-term trend is higher as several terrorist attacks throughout the world over the last week or so continue to prop up prices despite the U.S stock market continuing to hit all-time highs. Both markets are going higher together which does not happen very often. However, this could be a special situation. If the $1,300 level is broken the next major level of resistance is last year's high around the 1,350 level so there could still be room to run to the upside and if you're involved make sure your risk 2% of your account balance on any trade as an exit strategy.
TREND: HIGHER
CHART STRUCTURE: SOLID
Continue reading "Weekly Futures Recap With Mike Seery" →

Job Growth Slows In May

Posted on by The INO.com Team

Hello MarketClub members everywhere. The markets continue to climb to record levels despite the Labor Department reporting that 138,000 jobs were created last month. These numbers were well below the expected 185,000. Wages also grew less than expected, with average hourly earnings rising at a 2.5 percent annualized rate. The unemployment rate, however, fell to 4.3% from 4.4%.

MarketClub's Mid-day Market Report

Crude oil tumbled below $47 a barrel, heading for a second straight week of losses, on worries that President Donald Trump's decision to abandon a climate pact could spark more crude drilling in the United States, worsening a global oversupply.

Key levels to watch next week: Continue reading "Job Growth Slows In May" →

Another 499% Gain In 18 Months On Tap?

Posted on by The INO.com Team

Analysis originally distributed on May 24, 2017 By: Michael Vodicka of Cannabis Stock Trades

Investing in cannabis IPOs for the last few years has been extremely profitable.

Take Aphria Inc. (APHFQ), one of Canada's largest medical cannabis companies, for example.

Shares began trading on the Toronto Stock Exchange in October of 2015.

Now, just 18 months later, Aphria is up 499%. Take a look below.Daily Chart Aphria Inc. (APHFQ)

Shares did get off to a slow start. And from there it wasn't a straight shot higher.

But as you can see, investors who bought early in the game are sitting on the biggest gains. And looking forward, early investors will still be collecting the biggest profits because they have the lowest cost basis.

If you're interested in profiting from future cannabis IPOs, you're in luck. Continue reading "Another 499% Gain In 18 Months On Tap?" →

Crude Oil Drags Markets Lower

Posted on by The INO.com Team

Hello MarketClub members everywhere. Crude Oil continues to head lower after OPEC announced that they had come to an agreement with Russia and other producers to extend their production cut deal by about 1.8 million barrels per day (BPD) until the end of March 2018. Their initial deal had been set to expire in June.

Oil prices fell when the deal was extended because some traders had hoped for a longer extension or deeper cuts.

MarketClub's Mid-day Market Report

All the while U.S. oil production has climbed to more than 9.3 million BPD, close to top producers Saudi Arabia and Russia.

Official government data showing weekly U.S. crude inventories will be published on Thursday, and most analysts expect U.S. stocks to fall by 2.8 million barrels last week, their eighth straight weekly decline. That's something to keep an eye on as oil heads lower.

Key levels to watch next week: Continue reading "Crude Oil Drags Markets Lower" →