Author: The INO.com Team

Is The Fed Set To Leave Rates Unchanged?

Posted on by The INO.com Team

Hello MarketClub members everywhere. It's expected that the Federal Reserve will hold interest rates steady at its meeting this week as it takes pause to analyze more economic data, but may hint it is on track for a June increase.

The Fed will release its policy decision at 2 p.m. EDT on Wednesday after its two-day meeting. Fed Chair Janet Yellen is not due to hold a press conference at this time.

Most economists feel that the Fed is more confident in its forecast of two more rate increases this year.

MarketClub's Mid-day Market Report

Meanwhile, traders seem reluctant to commit to any direction ahead of the Fed's policy review and Friday's jobs report in light of weaker-than-expected economic growth in the first quarter. The French election on Sunday is adding to concern, while the deal to avert a U.S. government shutdown fueled uncertainty about the timing for any Trump policy priorities.

Key levels to watch this week: Continue reading "Is The Fed Set To Leave Rates Unchanged?" →

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 June contract settled last Friday in New York at 1,289 an ounce while currently trading at 1,267 down about $20 for the week. I'm currently sitting on the sidelines as prices have now hit a 2 week low and my bias is to the downside. I am bullish the stock market & I think money flows are going to continue to come out of the precious metals and into the equity market and I'm looking at a short position in the next week or so. Gold prices are trading under their 20-day but still above their 100-day moving average topping out around the 1,300 level 2 weeks ago. Prices have been in rally mode in 2017 due to geopolitical tensions throughout the world. I've stated in many previous blogs these always seem to fade away and that's exactly what's happening right now as silver prices continue their decline and I think that will start to put pressure on gold prices here in the short-term. If you are bearish gold, my recommendation would be to sell at today's price level while placing the stop loss above 1,300 as an exit strategy. I will continue to sit on the sidelines as I'm waiting for better chart structure. Therefore, the monetary risk would be lowered as the risk is too high in my opinion at this point time. However, I am certainly bearish gold.
TREND: MIXED
CHART STRUCTURE: POOR

Continue reading "Weekly Futures Recap With Mike Seery" →

U.S. Economic Growth Slows To .7% In First Quarter

Posted on by The INO.com Team

Hello MarketClub members everywhere. The U.S. stock market is slightly lower this afternoon after data showed that the U.S. economy grew at its weakest pace in three years for the first quarter of 2017. The GDP increased at a 0.7% annual rate, below the 1.2% rise estimated by economists, as consumer spending barely increased and businesses invested less on inventories.

This drop comes on the heels of the 2.1% in the fourth quarter of 2016.

MarketClub's Mid-day Market Report


Image courtesy of Bloomberg

Key levels to watch this week: Continue reading "U.S. Economic Growth Slows To .7% In First Quarter" →

Profit From South America's First Cannabis Stock

Posted on by The INO.com Team

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

Cannabis legalization is happening all across the globe.

This week, that global footprint is taking us to a country located at the far reaches of the Amazon Rain Forest, tucked into the southeastern coast of South America.

More than 2,000 miles south of the equator, a tiny country of 3.4 million citizens is about to become the first in South America to sell recreational cannabis.

And an up and coming company with one of the few permits to sell cannabis is in position to cash in.

Let me explain…. Continue reading "Profit From South America's First Cannabis Stock" →

Has The Trump Trade Resumed?

Posted on by The INO.com Team

Hello MarketClub members everywhere. The NASDAQ has crossed the 6,000 level for the first time, and the DOW has had two straight triple-digit gains leading me to wonder if the Trump trade is back on. What do you think?

Of course, I would be remiss to overlook the slew of positive corporate earnings that have been this released this week with more to come. Home prices and home sales on are the rise as well, according to new data from the S&P/Case-Shiller U.S. National Home Price Index.

MarketClub's Mid-day Market Report

However, I believe everyone is zeroed in on Washington, as President Trump is expected to release an outline to potential tax reform later this week. Tax reform expectations have been one of the key market drivers since the presidential election.

Key levels to watch this week: Continue reading "Has The Trump Trade Resumed?" →