Author: The INO.com Team

Dow Races Above 21,000 After President Trump's Speech

Posted on by The INO.com Team

Hello MarketClub members everywhere. The Dow has crossed 21,000 for the first time, the dollar has jumped the most in six weeks and Treasuries fell as investors grew increasingly confident global economic growth is accelerating, clearing the path for higher interest rates.

MarketClub's Mid-day Market Report

Big banks led gains among stocks, with The Goldman Sachs Group Inc. (NYSE:GS) and JPMorgan Chase & Co. (NYSE:JPM) trading at all-time highs as the odds for a rate hike in two weeks swelled past 65 percent and President Donald Trump's address to Congress did little to alter views that his administration will seek pro-growth policies.

Key levels to watch next week: Continue reading "Dow Races Above 21,000 After President Trump's Speech" →

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 settled last Friday in New York at 1,239 an ounce while currently trading at 1,258 up about $19 for the trading week with the highest prices that we have seen since November 11th as the bullish momentum continues. At present, I am not involved in gold, but I do believe prices are going higher as I'm already involved in silver, copper, and platinum as I don't want to be too top-heavy because they all follow one another. Gold prices are trading above their 20 and 100-day moving average telling you the short-term trend is higher as I do believe prices will retest the $1,300 level which is where gold was trading at the U.S election. If you are long a futures contract, I would place your stop loss under the 10-day low which stands at $1,217 as prices broke out in Thursday's trade as there is a lot of demand for gold & the precious metals so continue to play this to the upside in my opinion. Continue reading "Weekly Futures Recap With Mike Seery" →

Stocks Fall Ahead of Trump's Congressional Speech

Posted on by The INO.com Team

Hello MarketClub members everywhere. The stock market retreated Friday as a poor set of European corporate earnings compounded investor nervousness before President Trump's speech before Congress next week. Gold has extended its rally higher as the dollar has edged lower.

MarketClub's Mid-day Market Report

U.S. stocks are falling across the board with the three major indexes all lower. The Dow, which was down 0.26 percent at 1:39 p.m. in New York, has hit daily highs for the past 10 sessions, its longest streak since 1987.

Key levels to watch next week: Continue reading "Stocks Fall Ahead of Trump's Congressional Speech" →

3 Cannabis Stocks Ready To Hit A New 52-Week High

Posted on by The INO.com Team

Analysis originally distributed on Feburary 15, 2017 By: Michael Vodicka of Cannabis Stock Trades

I was a derivatives trader for a billion-dollar trading firm at the Chicago Board of Trade for three years in my late twenties.

It was a crazy job. My job was to make huge bets all day long in highly volatile markets.

The key to this position was the chart.

I would hunt for specific formations on the chart, looking for stocks, bonds, commodities, or currencies ready to breakout into a new high or breakdown into a new low.

Once I found the right setup I would slap on million-dollar trades looking to “scalp” the market for a quick profit.

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

This is the insanity of short-term trading and why I am now an investment advisor. You have to be nuts to gamble like that all day. Investing is a thousand times easier than trading.

However, as an investment advisor and financial writer, my background in trading is a weapon.

It helps me see things in the market that a lot of other advisors and investors miss. Continue reading "3 Cannabis Stocks Ready To Hit A New 52-Week High" →

Waiting On The Fed

Posted on by The INO.com Team

Hello MarketClub members everywhere. Stocks are little changed today as traders eagerly await a key Federal Reserve release. The central bank is scheduled to release the minutes from its meeting earlier this month and Wall Street is expected to parse through them in search of clues about when and how many times it will raise interest rates this year.

MarketClub's Mid-day Market Report

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE:BABA) is increasingly moving beyond its core e-commerce business to search for new avenues of growth. Over the weekend, Alibaba announced it had formed a strategic partnership with Shanghai Bailian Group, one of China's largest supermarket and department store chains, in order to deepen its so-called "New Retail" strategy. And on Tuesday, Alibaba's finance arm, Ant Financial, announced a $200 million investment in South Korea's dominant messaging app Kakao Talk.

Key levels to watch next week: Continue reading "Waiting On The Fed" →