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.

Gold Futures

Gold futures in the April contract is trading lower for the 4th consecutive trading session after settling last Friday in New York at 1,258 an ounce while currently trading at 1,224 down about $35 for the trading week as I was not involved in the gold market, however I was involved in platinum, silver, and the copper market as gold prices pushed the whole complex to recent lows. Gold prices are now trading below their 20 and 100-day moving average telling you that the short-term trend is lower as I've been involved in the precious metals for the last 2 months getting stopped out this week across the board except in copper which is still hanging in there by the skin of our teeth which was very disappointing in my opinion as the U.S dollar continues to put pressure on commodities. Continue reading "Weekly Futures Recap With Mike Seery" →

7 Essential Tips To Succeed With Cannabis Stocks

Posted on by The INO.com Team

Analysis originally distributed on February 22, 2017 By: Michael Vodicka of Cannabis Stock Trades

Interest in cannabis stocks is spiking in 2017.

This trend isn’t just on display with higher trading volume. It is also validated by the most powerful search engine in the world: Google.

When I typed marijuana stocks into Google Trends this chart below came up.

As you can see, search volume for marijuana stocks spiked to an all-time high during the election and once again early this year.

Marijuana Stocks Google Search Results
Chart courtesy of Google Trends

This is a bullish signal for cannabis stocks.

It tells me additional capital will be flowing into the sector from investors eager to profit from legal cannabis. Continue reading "7 Essential Tips To Succeed With Cannabis Stocks" →

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 1,239 an ounce while currently trading at 1,258 up about $19 for the trading week with the highest prices that we have seen since November 11th as the bullish momentum continues. At present, I am not involved in gold, but I do believe prices are going higher as I'm already involved in silver, copper, and platinum as I don't want to be too top-heavy because they all follow one another. Gold prices are trading above their 20 and 100-day moving average telling you the short-term trend is higher as I do believe prices will retest the $1,300 level which is where gold was trading at the U.S election. If you are long a futures contract, I would place your stop loss under the 10-day low which stands at $1,217 as prices broke out in Thursday's trade as there is a lot of demand for gold & the precious metals so continue to play this to the upside in my opinion. Continue reading "Weekly Futures Recap With Mike Seery" →

Stocks Fall Ahead of Trump's Congressional Speech

Posted on by The INO.com Team

Hello MarketClub members everywhere. The stock market retreated Friday as a poor set of European corporate earnings compounded investor nervousness before President Trump's speech before Congress next week. Gold has extended its rally higher as the dollar has edged lower.

MarketClub's Mid-day Market Report

U.S. stocks are falling across the board with the three major indexes all lower. The Dow, which was down 0.26 percent at 1:39 p.m. in New York, has hit daily highs for the past 10 sessions, its longest streak since 1987.

Key levels to watch next week: Continue reading "Stocks Fall Ahead of Trump's Congressional Speech" →

3 Cannabis Stocks Ready To Hit A New 52-Week High

Posted on by The INO.com Team

Analysis originally distributed on Feburary 15, 2017 By: Michael Vodicka of Cannabis Stock Trades

I was a derivatives trader for a billion-dollar trading firm at the Chicago Board of Trade for three years in my late twenties.

It was a crazy job. My job was to make huge bets all day long in highly volatile markets.

The key to this position was the chart.

I would hunt for specific formations on the chart, looking for stocks, bonds, commodities, or currencies ready to breakout into a new high or breakdown into a new low.

Once I found the right setup I would slap on million-dollar trades looking to “scalp” the market for a quick profit.

BIG NEWS!!! We're now accepting new Cannabis Stock Trades Premium members!

This is the insanity of short-term trading and why I am now an investment advisor. You have to be nuts to gamble like that all day. Investing is a thousand times easier than trading.

However, as an investment advisor and financial writer, my background in trading is a weapon.

It helps me see things in the market that a lot of other advisors and investors miss. Continue reading "3 Cannabis Stocks Ready To Hit A New 52-Week High" →