Category: General

Canadian Cannabis Company Betting Big On Beverages

Posted on by The INO.com Team

Analysis originally distributed on March 14, 2018 By: Michael Vodicka of Cannabis Stock Trades

Cannabis beverages are quickly emerging as one of the fastest growing cannabis sub-industries.

For proof - look no further than Canopy Growth Corp (TWMJF), Canada's largest cannabis company.

Back in October, Canopy announced a groundbreaking $200 million investment from Constellation Brands (CONST), the third largest US beer distributor with Corona on the roster.

In the short run, news of the investment sent shares of Canopy soaring - jumping more than 100% in the next 10 weeks.

cannabis beverages

More importantly - the deal signaled an important shift in the Canadian cannabis industry. Continue reading "Canadian Cannabis Company Betting Big On Beverages" →

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 1,324 an ounce while currently trading at 1,317 down about $7 for the trading week near a two week low. I'm not involved in this commodity, however, I am looking for a possible short position in next week's trade once the chart structure improves. In my opinion gold prices could retest the March 1st low of around 1,303 as we are now trading under their 20-day moving average, but still above their 100-day moving average as this market remains choppy to sideways in the short-term. The U.S dollar looks to have bottomed out and that would be a negative towards the precious metals as silver remains very weak as well as the commodities, in general, have turned negative due to the Trump tariffs which are rattling the markets as we are worried about repercussions coming out of China sending prices lower. Volatility in gold remains relatively low as a double top looks to have been created around the 1,365 level so look to play this to the downside. I think the path of least resistance is to the downside, but wait for the risk/reward to become in your favor; however, I am certainly not recommending a bullish position.
TREND: MIXED
CHART STRUCTURE: IMPROVING
VOLATILITY:INCREASING
Continue reading "Weekly Futures Recap With Mike Seery" →

All Eyes On Bitcoin's Death Cross

Posted on by The INO.com Team

Hello traders everywhere. Technical traders and the market in general, are closely watching Bitcoin heading into next week. The reason for concern, a looming Death cross. As I noted earlier in the week, Bitcoin's 50-Day moving average has dropped to the closest proximity to its 200-Day moving average in nine months. The last time it crossed below that level was in 2015 where it remained for ten months before breaking out.

The "death cross" pattern occurs when the 50-Day moving average drops below the 200-Day moving average. The idea is that this cross marks the spot where a shorter-term decline is turning into a longer-term downtrend.

Death Cross

Bitcoin has come under growing pressure recently with Google announcing that they will not only ban all ads for cryptocurrencies, including bitcoin and initial coin offerings (ICOs), they will also ban cryptocurrency exchanges and wallets, as it seeks to "tackle emerging threats."

Regulation is also becoming a growing concern for Bitcoin, and the cryptocurrency space as nations around the world are imposing stricter regulations on the use and mining of cryptocurrencies.

Key Levels To Watch Next Week:

S&P 500 (CME:SP500): 2,647.32
Dow (INDEX:DJI): 24,217.76
NASDAQ (NASDAQ:COMP): 7,084.83
Gold (NYMEX:GC.G18.E): 1,330.50
Crude Oil (NYMEX:CL.J18.E): 60.11
U.S. Dollar (NYBOT:DX.H18.E): 89.33
Bitcoin (CME:BRTI): 11,662.32

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

Trump Squashes Biggest Tech Deal Ever

Posted on by The INO.com Team

Hello traders everywhere. Late Monday, President Trump signed an executive order blocking Broadcom’s $117 billion bid for the chip maker Qualcomm, citing national security concerns. This action indicates that he is willing to take extraordinary measures to remain on course with his administration’s increasingly protectionist stance.

The Broadcom acquisition would have been and was labeled as the most significant tech deal ever and would have made Broadcom the dominant supplier of chips used in smartphones. It would have also brought the company to the forefront of developing technology for the next generation of mobile network technology known as 5G.

Trump

The NASDAQ had opened at record highs before news of the block had sunk in, but once it did the NASDAQ soon retreated into negative territory on the day trading as low as .9% on the day.

Shares of Broadcom Limited (AVGO) are trading up on the day around 1% while shares of QUALCOMM Incorporated (QCOM) are trading down about 4% on the day.

Overall the stock market has been waffling the last few days trying to get a grasp on inflation, the looming trade wars and the firing of Rex Tillerson today by President Trump.

Key Levels To Watch This Week:

S&P 500 (CME:SP500): 2,647.32
Dow (INDEX:DJI): 24,217.76
NASDAQ (NASDAQ:COMP): 7,084.83
Gold (NYMEX:GC.G18.E): 1,313.80
Crude Oil (NYMEX:CL.J18.E): 62.33
U.S. Dollar (NYBOT:DX.H18.E): 88.86
Bitcoin (CME:BRTI): 8,664.30

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

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.

Silver Futures

Silver futures in the May contract settled last Friday in New York at 16.46 an ounce while currently trading at 16.60 up about 14 cents for the trading week experiencing some rather high volatility which is good to see as we are still stuck in a five week consolidation chart pattern. I will be recommending a bullish position if silver breaks 17.03 which is about $0.40 away as we could be involved in next week's trade as the chart structure is excellent at the current time as I am still bullish, but I have no recommendations in the precious metals presently. Silver prices are still trading under their 20 and 100 day moving average as this trend remains mixed to lower in my opinion as this has been very choppy over the last six months as I do think we are in a longer-term bottoming out pattern as historically speaking I think silver prices are very cheap. The U.S dollar is still hovering at a three year low as that market currently is in a sideways pattern as the U.S dollar is lending very little support to silver prices. However, demand will start to come back into this market. The U.S. monthly unemployment number showed that 800,000 people came back into the workforce as that is a good thing towards commodity prices & will spur demand so keep a close eye on this market as we could be involved in next week's trade as the risk/reward would be in your favor in my opinion.
TREND: LOWER - MIXED
CHART STRUCTURE: EXCELLENT
VOLATILITY: INCREASING
Continue reading "Weekly Futures Recap With Mike Seery" →