Author: The INO.com Team

Trump Admin Nothing For Cannabis Industry To Fear

Posted on by The INO.com Team

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

The cannabis industry is more sensitive to political news than other industries. With cannabis still in the early stages of global legalization – when politicians make formal or informal comments about the industry – cannabis stocks respond.

That’s what we saw this weekend.

Last Thursday, White House Press Secretary Sean Spicer was asked about the conflict between state and federal cannabis laws.

The cannabis industry has been eagerly awaiting word on how the Trump administration will handle cannabis. Whatever Spicer said was going to be closely analyzed.

He started by drawing a clear line between medical and recreational cannabis – saying the Feds aren’t even legally allowed to go after medical because of a spending rider approved by congress in 2014 and 2015 that prohibits the use of federal funds to go after state medical cannabis. Continue reading "Trump Admin Nothing For Cannabis Industry To Fear" →

Stocks Slip As March Rate Hike Seems Likely

Posted on by The INO.com Team

Hello MarketClub members everywhere. Markets have backed off their recent highs as investors price in a near-certain March U.S. interest rate increase by the Federal Reserve. Market expectations for a rate hike are standing at 84.1% today, this according to the CME Group's FedWatch tool. The FOMC is set to meet between March 14 and 15.

MarketClub's Mid-day Market Report

What's ahead for the markets this week: Continue reading "Stocks Slip As March Rate Hike Seems Likely" →

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 April contract is trading lower for the 4th consecutive trading session after settling last Friday in New York at 1,258 an ounce while currently trading at 1,224 down about $35 for the trading week as I was not involved in the gold market, however I was involved in platinum, silver, and the copper market as gold prices pushed the whole complex to recent lows. Gold prices are now trading below their 20 and 100-day moving average telling you that the short-term trend is lower as I've been involved in the precious metals for the last 2 months getting stopped out this week across the board except in copper which is still hanging in there by the skin of our teeth which was very disappointing in my opinion as the U.S dollar continues to put pressure on commodities. Continue reading "Weekly Futures Recap With Mike Seery" →

The Dollar Rally Comes To An End

Posted on by The INO.com Team

Hello MarketClub members everywhere. The stock market is taking a breather today and the dollars five-day advanced has ended as traders have turned cautious before Fed Chair Janet Yellen discusses the state of the economy later today. Everyone will be listening for clues about when and how much the Federal Reserve will raise interest rates.

MarketClub's Mid-day Market Report

Gold (FOREX:XAUUSDO) has slipped 0.3% to $1,229.20 an ounce. It's down 2.1 percent for the week, after four straight weeks of gains. The U.S.Dollar Index (NYBOT:DX.M16.E) is down .3% as well, ending a five day rally that saw it top $102.19.

Key levels to watch next week: Continue reading "The Dollar Rally Comes To An End" →

7 Essential Tips To Succeed With Cannabis Stocks

Posted on by The INO.com Team

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

Interest in cannabis stocks is spiking in 2017.

This trend isn’t just on display with higher trading volume. It is also validated by the most powerful search engine in the world: Google.

When I typed marijuana stocks into Google Trends this chart below came up.

As you can see, search volume for marijuana stocks spiked to an all-time high during the election and once again early this year.

Marijuana Stocks Google Search Results
Chart courtesy of Google Trends

This is a bullish signal for cannabis stocks.

It tells me additional capital will be flowing into the sector from investors eager to profit from legal cannabis. Continue reading "7 Essential Tips To Succeed With Cannabis Stocks" →