Author: The INO.com Team

Canada To Legalize Cannabis By July 2018

Posted on by The INO.com Team

Analysis originally distributed on March 29, 2017 By: Michael Vodicka of Cannabis Stock Trades

The cannabis industry scored a huge victory last week. And if my analysis is correct, cannabis stocks are setting up for a big rally in the next few weeks and even bigger rally in the long run. Let me explain.

On Sunday night, news leaked that on April 10 Canada will announce plans to legalize recreational cannabis by July of 2018. Here’s some coverage from CBCNews if you’d like to take a closer look.

Liberals Announce Marijuana will be Legal by July 2018

This is a huge win for the cannabis industry and cannabis stocks. Much bigger than 7 U.S. states legalizing medical or recreational cannabis last November.

Cannabis is about to become fully legal in Canada for medical and recreational use. On the recreational side it’s going to be just like buying a pack of cigarettes or a a 6-pack of beer. On the medical side it will be prescribed even more as sleeping or anti anxiety medication for example.

Cannabis will be regulated and taxed but openly available to adults with a valid ID or doctors prescription.

In the short run, the good new out of Canada news gave cannabis stocks a much needed shot in the arm. Continue reading "Canada To Legalize Cannabis By July 2018" →

Solid Jobs Data Pushes Market Higher

Posted on by The INO.com Team

Hello MarketClub members everywhere. The DOW is on pace for its best day in over a month, and the NASDAQ hit a new all-time high this morning. The move was due to U.S. companies adding 263,000 workers in March as reported by ADP, the most since December 2014. Economists had expected 187,000 jobs to be added in the month.

Next, on deck, this afternoon is the release of the FOMC minutes from their March meeting. As you know, the FED raised rates by 25 basis points but kept its 2017 outlook largely unchanged.

MarketClub's Mid-day Market Report

Key levels to watch this week: Continue reading "Solid Jobs Data Pushes Market Higher" →

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 at 1,251 an ounce while currently trading at 1,247 in a very nonvolatile trading week right near major resistance as prices are still trading above their 20 and 100-day moving average telling you the short-term trend is higher. At present, I am not, involved in the precious metals as the U.S dollar continues to flip-flop which had made the commodity markets basically go sideways over the last several months. For the gold rally to continue in my opinion prices, have to break major resistance around 1,268 which is still about $20 away as the U.S stock market continues to hover near all-time highs which generally is a negative towards gold prices. Gold prices bottomed out last month around the 1,200 level as that's when the Federal Reserve stated that they might slow down on raising interest rates sending prices back up towards the upper end of the trading range, however prices still remain choppy over the last several months so wait for a true trend to develop as there are very few markets that have strong trends at the current time.
TREND: MIXED - HIGHER
CHART STRUCTURE: IMPROVING

Continue reading "Weekly Futures Recap With Mike Seery" →

The End Of A Stellar Quarter For Stocks

Posted on by The INO.com Team

Hello MarketClub members everywhere. Let's take a look at the stellar quarter that was for stocks and the indices. The Dow will finish the quarter up +4.7%, the S&P 500 +5.7% and the NASDAQ with the biggest gain standing at +10% followed closely by gold, which ended with a gain of +8%.

The two markets that suffered and failed to make gains were the U.S. Dollar which lost -2% and of course crude oil, which dropped -9% for the quarter.

MarketClub's Mid-day Market Report

A trade that I've highlighted a few times this quarter is Alibaba Group Holding Limited (NYSE:BABA). The Trade Triangle got long based on a new green monthly Trade Triangle on 2/22/17 and had a positive gain of +3.5% for the quarter.

Key levels to watch this week: Continue reading "The End Of A Stellar Quarter For Stocks" →

This Is The Best Time To Invest In Cannabis Stocks

Posted on by The INO.com Team

Analysis originally distributed on March 22, 2017 By: Michael Vodicka of Cannabis Stock Trades

If you are the kind of person who loves getting a great deal, the cannabis sector is calling your name.

Cannabis stocks are officially on sale.

This blast of weakness has been driven by two things.

There are still lingering concerns over US drug policy after some questionable comments on cannabis enforcement from White House Press Secretary, Sean Spicer.

I think these concerns are overblown - read my full analysis - but none the less, it has definitely been a lingering concern and weighed on cannabis stocks.

Canada also recently spooked cannabis stocks a bit.

Canada's cannabis czar said the country won't rush legalizing recreational cannabis in order to make sure it is done properly.

BIG NEWS!!! We're now accepting new Cannabis Stock Trades Premium members!

This may look like bad news on the surface. For shareholders, it's never fun watching a stock you own do anything but go up. For potential shareholders, it can be intimidating to buy a stock that has been falling.

However, I am hear to tell you this weakness is creating a great opportunity. Continue reading "This Is The Best Time To Invest In Cannabis Stocks" →