Category: General

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 is currently trading lower by $0.15 at 71.35 a barrel after hitting a fresh 4-year high earlier in the week at 72.30 as profit-taking has come about. However, this market remains bullish in my opinion. If you are long a futures contract continue to place the stop loss under the 2-week low standing at 67.63 as you will have to roll over into the July contract in the next couple of days as the stop loss will be changed, but I do think higher prices are ahead. One of the main reasons why this market has turned bullish is the fact that Venezuela has turned into a complete nightmare as that socialist country has utterly imploded over the last several months as they are not producing near as much oil as they used to, therefore, supply concerns in the short term are at hand. If you take a look at heating oil and unleaded gasoline they are both hitting multi-year highs in today's trade as the whole sector is extremely bullish so continue to play this to the upside & if you're not involved in the market wait for some profit-taking before entering into a bullish position, therefore, lowering the monetary risk. Oil prices have probably been the strongest trend in 2018 as we are trading far above their 20 and 100-day moving average as the volatility remains relatively low except for last week when President Trump revoked the Iranian deal as the fundamental and technical picture remains bullish in my opinion so stay long & continue to place the proper stop loss.
TREND: HIGHER
CHART STRUCTURE: IMPROVING
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Are US Cannabis Stocks Ready To Push Higher?

Posted on by The INO.com Team

Analysis originally distributed on May 10, 2018 By: Michael Vodicka of Cannabis Stock Trades

US cannabis stocks got a big jolt last month after President Trump promised to support cannabis.

After taking a short breather, it looks like US cannabis stocks are ready for another push higher.

The MJIC US cannabis index in a formation known as a Bullish Flag – a formation on the chart that frequently leads to an upside breakout and new high.

US Cannabis Stocks

This Bull Flag is creating a great opportunity. If the index surges higher cannabis shareholders should pick up some nice gains.

Today – I want to reveal a promising young cannabis company headquartered in Canada that is making a big splash in the US cannabis market. Continue reading "Are US Cannabis Stocks Ready To Push 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 in New York at 1,314 an ounce while currently trading at 1,321 up about $7 for the trading week still experiencing low volatility. At the present time I'm not involved in any of the precious metals but does look to me that gold may have bottomed out around the 1,300 level as that was tested on a half-dozen occasions while rallying every single time as I think the fact that crude oil prices are now at a 4 year high that will start to support the precious metals which still look cheap historically speaking. The U.S. dollar hit a four month high this week as that has been the main culprit pushing prices lower as the Iran deal was revoked and I think that will be a fundamental bullish indicator for gold and the precious metals down the road. The chart structure at the current time is improving as gold prices are at a two week high as we could be involved relatively soon, but at the current time prices are still trading under their 20 and 100-day moving average as the trend is lower to mixed in my opinion. Money flows were coming out of the European countries and into the U.S dollar on fears of the Iranian deal being reversed and that has now happened as it could be "buy the rumor and sell the fact" as the U.S. dollar sold off over the last 2 trading sessions stopping the bleeding in gold prices so be patient & let's see what next week's trade brings.
TREND: MIXED
CHART STRUCTURE: SOLID
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Is This Australian Cannabis Stock A Winner?

Posted on by The INO.com Team

Analysis originally distributed on May 2, 2018 By: Michael Vodicka of Cannabis Stock Trades

There are few things that can send a stock soaring like a buyout. Right now I see a wave of buyouts ready to pop off in the Australian cannabis sector- and I want to show you how you can profit. Let’s take a closer look.

Cann Group, Inc.(CNGGF) is an early industry leader in Australia’s high-growth cannabis market.

In 2017, it became the first Australian recipient of research & medicinal cannabis cultivation licenses and the only company to have licenses reissued for year two.

Since acquiring these permits, Cann Group has been investing millions into expanding production and medical research.

For example, Cann Group is building a new state of the art cannabis greenhouse and R&D center with the ability to grow thousands of pounds of cannabis every month.

Funding has been secured for all three stages of the project. This new facility will be the nucleus of Cann Group’s potential expansion across Australia.

Cann Group’s aggressive moves have attracted the attention of the world’s largest cannabis companies – and sent shares soaring. Continue reading "Is This Australian Cannabis Stock A Winner?" →

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.

Natural Gas Futures

Natural gas futures in the June contract settled last Friday in New York at 2.77 while currently trading at 2.72 experiencing extremely low volatility. I have been recommending a bullish position over the last couple weeks from the 2.83 level and if you took the trade continue to place the stop loss which is just an eyelash away at 2.70 on a closing basis only. The energy sector has caught fire in today's action as oil has hit a fresh multi-year high but is having very little impact on natural gas prices as mild temperatures throughout the Midwest are curbing demand at this time, but stay long and do not second guess as this was a low-risk trade to begin with. Natural gas prices are now trading under their 20 and 100-day moving average as the trend is mixed, and if we are stopped out, we could be involved relatively soon again as the chart structure is outstanding. I remain bullish this commodity. However, we must have an exit strategy when you trade the commodity markets. Volatility in natural gas should start to expand as we enter the hot summer months as this has been stuck in the mud over the last several months as I still think historically speaking prices look cheap.
TREND: MIXED - LOWER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →