Author: The INO.com Team

Dollar Slips After Retail Sales Miss The Mark

Posted on by The INO.com Team

Hello MarketClub members everywhere. After five days of gains, the dollar is dropping from subdued retail sales data and inflation in the world's largest economy. Gold has risen for a second straight day, while crude oil has slipped back below $48 a barrel.

MarketClub's Mid-day Market Report

Several retailers, including Macy's, Nordstrom, Kohl's and J.C. Penny, have seen their stocks tank this week after reporting weaker-than-expected quarterly results, putting the retail sector under pressure. You have to wonder how brick and mortar retailers can survive in an ever-expanding online world. What do you think?

Key levels to watch this week: Continue reading "Dollar Slips After Retail Sales Miss The Mark" →

Stocks Lingering Near All-Time Highs

Posted on by The INO.com Team

Hello MarketClub members everywhere. The S&P 500 and the Nasdaq touched record highs for the second straight day following a batch of upbeat corporate earnings, while Emmanuel Macron's victory in the French presidential election improved risk appetite.

The VIX, Wall Street's "fear gauge," hit its lowest level in more than a decade earlier in the day. A lower VIX typically indicates a bullish outlook for stocks.

MarketClub's Mid-day Market Report

Oil prices headed lower today over concerns about slowing demand and the rise in U.S. crude output which has shaken traders faith in the ability of OPEC to rebalance the market.

Key levels to watch this week: Continue reading "Stocks Lingering Near All-Time Highs" →

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.

Crude Oil Futures

Crude oil futures in the June contract are up 60 cents this Friday afternoon in New York currently trading at 46.10 a barrel breaking the low that was hit on March 27th at 47.63 this week. I think prices could re-test the November low around the $42 level as the trend remains to the downside. Crude oil prices are trading under their 20 and 100-day moving average as the precious metals & the entire energy sector continue to be under pressure over the last several weeks. My only recommendation is a short natural gas position. The chart structure in crude oil is not that great, and I will wait for the monetary risk to be lowered. I'm certainly not advising any type of bullish position as this markets trend is negative and coupled with the fact of very poor fundamentals as worldwide supplies are massive as now the problem could be waning demand. Oil prices traded above $53 in mid April as prices have now dropped about $7 a barrel rather quickly, so let's keep a close eye on this market for a possible short position in the coming days ahead.
TREND: LOWER
CHART STRUCTURE: POOR
Continue reading "Weekly Futures Recap With Mike Seery" →

U.S. Jobs Rebound As Unemployment Falls

Posted on by The INO.com Team

Hello MarketClub members everywhere. U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4%, that’s near a 10-year low, pointing to a tightening labor market that could seal the case for an interest rate increase next month despite moderate wage growth.

Non-farm payrolls surged by 211,000 jobs last month, well above the monthly average of 185,000 this year and a jump from the gain of 79,000 in March.

MarketClub's Mid-day Market Report

Crude Oil has stabilized after dropping to nine-month low 43.76 in the early morning hours. This decline in prices is primarily driven by an ever-expanding U.S. output and on concerns that global inventories haven’t fallen as much as investors had hoped after OPEC cut production.

Key levels to watch next week: Continue reading "U.S. Jobs Rebound As Unemployment Falls" →

This Little-Known Israeli Biotech Is Up 468% In 2017

Posted on by The INO.com Team

Analysis originally distributed on April 26, 2017 By: Michael Vodicka of Cannabis Stock Trades

Israel has long been a powerhouse in medical innovation.

The tiny country of 8.5 million has made some of the most important contributions to the global medical field in the last 50 years.

Today, Israel is unleashing its innovative medical industry on the cannabis industry.

According to a report from Reuters, there are more than 120 clinical cannabis trials in Israel at the beginning of 2017, more than any other country.

Foreign countries and firms are eager to license Israel cannabis medical patents. In the last year outside countries and companies have invested $100 million to license Israeli medical cannabis patents.

That number is expected to grow to more than $1 billion in the next two years - an increase of 1,000%.

Israel is winning in the global cannabis industry for two reasons. Continue reading "This Little-Known Israeli Biotech Is Up 468% In 2017" →