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 settled last Friday in New York at 47.66 a barrel while currently trading at 45.55 down about $2 for the trading week, but still trading under their 20 and 100-day moving average as prices are looking to retest the May 5th low of 44.13 in my opinion. The longer-term and short-term trend is to the downside as large supplies continue to keep a lid on prices. Gasoline and heating oil also continue to move lower, and my only recommendation in the energy sector is short the natural gas market at this time. The chart structure in oil is poor as the 10-day high is around $52 which is over $6 away. I'm currently waiting for the monetary risk to be lowered and I am looking at a short position possibly in next week's trade. There are concerns about gasoline demand which has also pushed oil lower over the last several weeks, but this market has been very choppy in 2017 as the volatility in the commodity markets are starting to rise once again as the summer months are upon us and historically speaking this is when you see large price swings up or down.
TREND: LOWER
CHART STRUCTURE: POOR
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Will This Micro Cap Be The PayPal Of Canada's Cannabis Industry?

Posted on by The INO.com Team

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

Amazon was at the top of the headlines this week after its share price broke $1,000.

Amazon is now up 1,300% in the last 10 years. That is a nice win for shareholders. Early investors are sitting on big gains.

It’s also a reminder of where consumers are spending their money these days – online.

Any business that wants to thrive has to be winning online.

This is true in the cannabis industry. Just like the broader retail industry – online cannabis sales are booming.

However, Canada’s young cannabis companies are struggling to meet that growing demand.

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They are still being hampered by burdensome banking restrictions.

For example, Canadian cannabis producers have been banned from using PayPal because the U.S. based company is subject to US federal restriction on cannabis.

Even some larger banks have declined to provide financial service to Canada’s cannabis industry simply because its so new and considered higher risk. Continue reading "Will This Micro Cap Be The PayPal Of Canada's Cannabis Industry?" →

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 August contract settled last Friday in New York at 1,271 an ounce while currently trading at 1,278. up about $7 for the trading week hitting a five-week high looking to retest the April 14th high of 1,300 in my opinion. The U.S dollar continues its bearish trend down another 45 points this afternoon helping push up the precious metals and especially gold, which looks very strong at the current time. If you are in a bullish position place your stop loss at the 10-day low at 1,250 as lower interest rates in the United States continue to support gold prices. Gold is trading above its 20 and 100-day moving average is telling you that the short-term trend is higher as several terrorist attacks throughout the world over the last week or so continue to prop up prices despite the U.S stock market continuing to hit all-time highs. Both markets are going higher together which does not happen very often. However, this could be a special situation. If the $1,300 level is broken the next major level of resistance is last year's high around the 1,350 level so there could still be room to run to the upside and if you're involved make sure your risk 2% of your account balance on any trade as an exit strategy.
TREND: HIGHER
CHART STRUCTURE: SOLID
Continue reading "Weekly Futures Recap With Mike Seery" →

Another 499% Gain In 18 Months On Tap?

Posted on by The INO.com Team

Analysis originally distributed on May 24, 2017 By: Michael Vodicka of Cannabis Stock Trades

Investing in cannabis IPOs for the last few years has been extremely profitable.

Take Aphria Inc. (APHFQ), one of Canada's largest medical cannabis companies, for example.

Shares began trading on the Toronto Stock Exchange in October of 2015.

Now, just 18 months later, Aphria is up 499%. Take a look below.Daily Chart Aphria Inc. (APHFQ)

Shares did get off to a slow start. And from there it wasn't a straight shot higher.

But as you can see, investors who bought early in the game are sitting on the biggest gains. And looking forward, early investors will still be collecting the biggest profits because they have the lowest cost basis.

If you're interested in profiting from future cannabis IPOs, you're in luck. Continue reading "Another 499% Gain In 18 Months On Tap?" →

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 are trading higher by $10 this Friday afternoon after settling last Friday at 1,253 while currently trading at 1,267 up about $14 for the trading week and hitting a four-week high. Gold is trading above its 20 and 100-day moving average telling you that the short-term trend is to the upside as a weaker U.S dollar coupled with a terrorist attack this week helped propel prices higher. The next major level of resistance is at 1,275 & if that is broken, I would have to think that prices will retest the April 17th high of 1,297 as this is one of the only few bullish trends out of the commodity sectors. I am not involved in this market at present as the chart structure remains poor. The U.S dollar is right near a seven-month low as that has certainly helped gold prices come off recent lows as that trend seems to be strong to the downside. The stock market hit all-time highs once again in Thursday's trade having very little effect on gold prices as money flows seem to be going into both sectors which is very unusual, but can happen periodically with investors being interested in both sectors. In my opinion, I still believe gold prices are limited to the upside as all the excitement is in the equity markets, but there are so many problems worldwide right now that prices are supported in the short term.
TREND: HIGHER
CHART STRUCTURE: POOR - CHOPPY
Continue reading "Weekly Futures Recap With Mike Seery" →