Analysis originally distributed on April 12, 2017 By: Michael Vodicka of Cannabis Stock Trades
Studies have found that legalizing cannabis has an overwhelmingly positive effect on society.
It takes the illegal drug trade out of the hands of foreign cartels and puts it into the hands of tax-paying, law-abiding businesses.
It reduces crime.
And it helps generate additional tax revenue. Continue reading "The Cannabis Stock That Every Police Department Needs"
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 in the May contract are up 27 cents at 18.55 an ounce trading higher for the 3rd consecutive trading session breaking major resistance as I will be recommending a bullish position if prices close above 18.50 while then placing the stop loss under the 10-day low which was also Monday's low around 17.73 risking around $800 per mini contract plus slippage and commission. The chart structure is relatively solid at present as the next major level of resistance is last November's high around $19 an ounce as gold and silver prices have broken out to the upside. The 10 year note is significantly higher once again hitting a 6 month high as interest rates have been heading lower in recent weeks, and that is bullish the precious metals and commodities in general as there seems to be what they call a flight to quality which affects the bond and precious metals market as investors park their money as a so-called safe haven. Silver prices are trading above their 20 and 100-day moving average telling you that the short-term trend is higher so let's look at playing this to the upside as the risk/reward are in your favor in my opinion.
TREND: HIGHER
CHART STRUCTURE: SOLID
Analysis originally distributed on April 5, 2017 By: Michael Vodicka of Cannabis Stock Trades
The year is 1848. Hundreds of thousands of ambitious Americans are heading west to cash in on the California gold rush.
Some of these early speculators became rich. But many went bust.
Through it all, the businesses that ended up scoring the biggest profits were the ones selling picks and shovels to the miners.
This slice of U.S. history gave birth to the modern investment strategy know as the “pick and shovel play.”
A pick and shovel play means investing in companies that sell supplies and equipment to an entire industry.
For example, tractor maker Deere & Co. (NYSE:DE) is a pick and shovel play on the global agriculture industry.
Pick and shovel plays happen all across the economy.
Including the cannabis industry. Continue reading "This Cannabis "Pick and Shovel Play" Grew Revenue 130% In 2016"
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 in the May contract settled last Friday at 50.60 a barrel while currently trading at 52.10 up about $1.50 for the trading week spiking higher in today's action due to the bombing in the country of Syria sending the precious metals and energies higher. Syria is not a major player in oil as I had witnessed this before in 2013 as prices rallied sharply off of Syria using chemical weapons on their own people only then to sell off sharply in the weeks ahead, so I'm not convinced about this rally as I'm currently sitting on the sidelines. The chart structure in crude oil is poor at present as prices are at a 4 week high while trading above their 20 and 100-day moving average telling you the short-term trend is higher. However, the risk/reward is not in your favor so that I will look at other markets with a better monetary scenario. Crude oil prices have rallied about $5 over the last 2 weeks as this market really has gone nowhere over the last 6 months as oversupply issues continue to keep prices at bay.
TREND: HIGHER
CHART STRUCTURE: POOR
Continue reading "Weekly Futures Recap With Mike Seery"
Analysis originally distributed on March 29, 2017 By: Michael Vodicka of Cannabis Stock Trades
The cannabis industry scored a huge victory last week. And if my analysis is correct, cannabis stocks are setting up for a big rally in the next few weeks and even bigger rally in the long run. Let me explain.
On Sunday night, news leaked that on April 10 Canada will announce plans to legalize recreational cannabis by July of 2018. Here’s some coverage from CBCNews if you’d like to take a closer look.
This is a huge win for the cannabis industry and cannabis stocks. Much bigger than 7 U.S. states legalizing medical or recreational cannabis last November.
Cannabis is about to become fully legal in Canada for medical and recreational use. On the recreational side it’s going to be just like buying a pack of cigarettes or a a 6-pack of beer. On the medical side it will be prescribed even more as sleeping or anti anxiety medication for example.
Cannabis will be regulated and taxed but openly available to adults with a valid ID or doctors prescription.
In the short run, the good new out of Canada news gave cannabis stocks a much needed shot in the arm. Continue reading "Canada To Legalize Cannabis By July 2018"
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