Category: General

Record Canadian Cannabis IPO In 11 Days

Posted on by The INO.com Team

Analysis originally distributed on February 28, 2018 By: Michael Vodicka of Cannabis Stock Trades

Back in June of 2017, the Toronto Stock Exchange recorded its largest Canadian cannabis IPO ever.

The event generated a lot of attention for the company going public and the broader cannabis sector.

Not all of it was positive. In fact, there were plenty of bearish headlines in the financial media.

Canadian Cannabis IPO

Despite the bearish headlines, Cannabis Stocks Trades saw the long-term potential and added shares to our model portfolio in early June.

Nine months later, shares of Medreleaf (LEAF) are up 158% - even after a recent pullback. Continue reading "Record Canadian Cannabis IPO In 11 Days" →

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 1,330 an ounce while currently trading at 1,326 down about $4 for the trading week. However, its currently trading up $18 as money flows are coming out of the equity market and into the precious metals as a flight to quality. I'm not involved in gold as this market remains reasonably choppy in my opinion as we did hit a two month low in yesterday's trade as the chart structure is very poor which tells you that the monetary risk is too high to enter into a bullish or bearish position. Gold prices are still trading under their 20 and 100-day moving average as the short-term trend is the downside with a possible double top created around the 1,365 level. I still see choppiness ahead so avoid this market at the current time and look at other stronger trends that are developing. The U.S. stock market has dropped about 1200 points over the last four days as that's what is finally starting to support prices. The U.S. dollar hit a six week high in yesterday's trade, and that is also keeping a lid on prices here in the short-term. I will wait for a better chart pattern to develop before entering into a position. If you take a look at the daily chart there is major support around the 1,300 level as in yesterday's trade we traded as low as 1,303, and I suspect that will be strong support in the weeks ahead.
TREND: MIXED
CHART STRUCTURE: POOR
VOLATILITY: SOLID
Continue reading "Weekly Futures Recap With Mike Seery" →

Growing Potential in Puerto Rico

Posted on by The INO.com Team

Analysis originally distributed on February 21, 2018 By: Michael Vodicka of Cannabis Stock Trades

Puerto Rico legalized medical cannabis in early 2015.

In the next two years, millions in new capital flowed into the industry, giving birth to a string of greenhouses and dispensaries.

However, Puerto Rico's promising young cannabis industry suffered a major setback in the fall of 2017 when the country was struck by a devastating hurricane, Maria.

Here's a quote from NBC News:

"Big manufacturing and grow facilities have had their roof blown off, there is water in their manufacturing rooms, equipment damaged, no light for plants and most are dead," said Goodwin Aldarondo, the president and CEO of Puerto Rico Legal Marijuana. You're talking about millions of dollars of damage."

Despite the impact of hurricane Maria, one young cannabis company is pushing forward with its expansion plans - in the early stages of building five cannabis dispensaries in Puerto Rico.

If it succeeds, the company is in position to be an early leader in the high-growth medical cannabis industry.

Let's take a closer look. Continue reading "Growing Potential in Puerto Rico" →

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.

10-Year Note Futures

The 10-year note in the March contract is currently at 120/23 trading higher for the 2nd consecutive session after settling last Friday in Chicago at 120/18 having a hard time cracking through the 120/00 level was that had been tested on multiple times only to rally. I've recommended a bearish position on several contracts over the last several months, and if you took the trade, the stop loss come Monday's session will be lowered to 121/07 as the chart structure is outstanding due to low volatility. The 10-year note is currently yielding about 2.86% as it is unable to crack the critical 3% level in recent weeks. However, I remain bearish as I think this is just the calm before the storm and I still believe higher interest rates are coming. The U.S. stock market is higher this Friday afternoon, and generally, that sends a bearish tone towards the bond market. But not in today's case as we will await next Friday's monthly employment number which should send high volatility back into the bond sector so stay short & continue to place the proper stop loss and let's see what Monday's trade brings. The 10-year note is still trading far below its 20 and 100-day moving average as the trend is still to the downside despite the recent rally over the last couple of days as I will be looking at adding another short position if the 120/00 level is broken possibly in next weeks trade.
TREND: LOWER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Another 1,000% Gain For An Early CBD Leader?

Posted on by The INO.com Team

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

PotNetwork Holdings (OTC:POTN) has been one of the best performing cannabis stocks in the last five weeks.

Despite a recent pullback with the broader cannabis sector, shares of the US-based CBD specialist are still up more than 1,000% in just the last five weeks, jumping from $0.06 on December 26 to $0.65 on February 13.

PotNetwork Holdings

Those are the kind of short-term gains that can have a serious impact on a shareholders financial profile.

If you missed out on the big move higher - don't worry - I see this same pattern repeating itself with a little-known, CBD specialist that just began trading on the Australian Stock Exchange in early January. Let's take a closer look. Continue reading "Another 1,000% Gain For An Early CBD Leader?" →